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MEAFA is delighted to announce the release of Indecent Disclosure: Gilding the Corporate Lily by Professor Graeme Dean and Honorary Professor Frank Clarke.

Indecent Disclosure captures the concerns of the business community when misleading financial disclosures of a public corporation result in a unexpected corporate collapse.


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Frank and Graeme present four main themes underpinning the crisis in a company’s financial disclosures:

• A company’s compliance with accounting standards does not generally produce financial statements that disclose their wealth and financial progress.
• Misleading financial statements are more the result of compliance with accounting rules, with the best of intentions, than a result of deviation from them with the intent to mislead.
• The raft of knee-jerk corporate governance mechanisms imposed following recent high profile corporate malpractice are more directed at appearances than at rectifying problems.
• There is increasing evidence that the current group structures which organise corporate activities are incapable of effective regulation.
Indecent Disclosure explains, explores and illustrates these themes, within the framework of an agenda for true, effective reform.

Visit the Cambridge University Press website for more information on Indecent Disclosure, for themes and chapters covered, an excerpt from the book, a discount offer price available for those wishing to buy the book at this stage and the means by which textbook inspection copies may be obtained.

About the Blog

MEAFA is a cross-disciplinary research group that promotes methodical analytical work with empirical applications in financial analysis.
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