This week's move by the International Integrated Reporting Council to introduce a new corporate accounting framework that would include environmental, social and governance risks is the start of a paradigm shift -- one of many that have marked the accounting profession's history, writes Jane Gleeson-White, author of "Double Entry: How the Merchants of Venice Created Modern Finance." An earlier shift occurred at the end of the 18th century when double-entry account-keeping practices were updated for the Industrial Revolution. One of the earliest adopters was Josiah Wedgwood, who built the world's first industrialized pottery factory in the north of England.

Full Story:

Related Summaries