Ontemporary Issues in Accounting Research Essay

Robert Herz, Chairman of FASB, has asserted that  ... accounting did not
cause the crisis ... (2009). Is financial reporting culpable in whole or part for
the global financial crisis? Support your argument with appropriate theoretical
and empirical evidence.

Herz, R. (2009),  History Doesn t Repeat Itself, People Repeat History 
Front-Line Thoughts and Observations on Creating a Sounder Financial
System, speech presented at National Press Club, Washington DC, 26th June,
ContentServer?cDocument_C&pagenameFASB%2F
Document_C%2FDocumentPage&cid1176156300238, accessed 12th July
2009.

Length: 1500 words with 20% margin of error

As English is not my first language, simple English is prefered. please use UK english! thx !