A Historical Study on ethics of Accounting. Case Analyses-

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The aim of the study is to pick up some important historical cases which related to accounting and financial fraud and analyze them, and their effect, in their historical contexts. We focused on the United Kingdom(South Sea Bubble and London East Asia Company), Netherlands(Tulip Mania), France(Mississippi Bubble, or Compagnie du Missisippi), and the United States(Samuel Insull and Public Utilities). They all are very popular and had huge impact on the subsequent development of finance, although we found that accounting itself had a relatively minor role. In some of the cases, accounting was an instrument in promoting fraudulent financial practices.