Letter of correspondence to Ernst Keller from Peter F. Drucker concerning ADELA's problematic accountancy practices. Drucker asserts that ADELA's accountancy problems are a consequence of ADELA not following the Anglo-American accounting approach. Drucker then discusses the two major models for accounting, the Anglo-American model and the German method, with the Anglo-American approach the more conservative of the two and therefore the more appropriate. In the end, Drucker recommends that Keller seek out a new group of auditors that comprehend the problems ADELA faces and are able to create a certificate that makes them plain to the reader.
Drucker, Peter F. (Peter Ferdinand), 1909-2005 ADELA Investment Company Keller, Ernst, 1931-2006
Source
Letter of correspondence to Ernst Keller from Peter F. Drucker concerning ADELA's problematic accountancy practices, March 15, 1972; Drucker Archives; Box 9, Folder 10; 4 pages
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