La prudence comptable : perspectives historique et théorique

The traditional European accounting system is based, in particular, on the principle of prudence. The latter now appears threatened by the most recent accounting standards. The aim of this paper is thus to determine weather a practice developed several centuries ago is in fact disappearing and to consider whose interests may be involved. Studying the evolution of ideas and practices on prudence and observing actual practices enable us to understand the reality of the threats weighing on the convention and the stakes involved in contesting it. This study focuses first on the development of prudence in accounting practice and then on justifications and interpretations provided by the literature. The role played by prudence in regulating social relations involving capital allows us to reflect on who the winners and losers are in this new deal between accounting forces.