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The Priesthood of IndustryThe Rise of the Professional Accountant in British Management$
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Derek Matthews, Malcolm Anderson, and John Richard Edwards

Print publication date: 1998

Print ISBN-13: 9780198289609

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198289609.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 November 2020

The Rise of the Accounting Function

The Rise of the Accounting Function

(p.38) 3 The Rise of the Accounting Function
The Priesthood of Industry




Oxford University Press

The chapter discusses the importance of accounting in society. The increase in demand for the accounting services started with the industrial revolution, development of the transportation network, and the rapid technological innovation. Accounting firms started to grow due to a number of partnerships and mergers. Professional organizations also flourished in England due to numerous mergers of organizations. One of the last major mergers was the unification of the ICAEW and the Society of Incorporated Accountants.

Keywords:   accounting, professional organization, merger, partnership, ICAEW, industrial revolution

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