BIS central bankers’ speeches  5  Role of accounting statements Modern accounting as we know today owes its origin to a Venetian monk Luca Pacioli, who till today, holds the distinction of being called the “Father of Accounting”. In the year 1494, Pacioli published his famous book “Summa de arithmetica, geometria, proportioni et proportionalita” (“The Collected Knowledge of Arithmetic, Geometry, Proportion and Proportionality”).
The list of reform possibilities is longer than what I have offered. There are deep learnings that we should collectively heed if we are to rise above the crisis and forge ahead towards the goal of a stronger and more inclusive society. Thank you and good day. 4/4  BIS central bankers' speeches