knowledge originated. This paper is an overview of common knowledge and its actual and potential applications to accounting and …The concept of common knowledge concerning higher orders of knowledge has seen exciting new developments in the fields … lies at the heart of accounting and capital markets research, these new developments have had only a faint echo in these …

Accounting practices differ across geographic and political boundaries, across sectors of the economy within these … overview of the sources, consequences, and limits of these forces as they relate to accounting. …

rethink the structure of institutions of accounting, auditing, corporate governance and executive compensation. Replacement of … the system of authoritative standards by a competitive, common law approach to accounting principles and rules may help …, pushing audit firms to peddle consulting services to their clients for economic survival. Restoring the high quality of audit …

knowledge spillovers (or economies of scope) from auditing to non-audit services and from non-audit services to auditing. While … knowledge spillovers from non-audit services to auditing have been found in prior research [e.g. see Simunic 1984], the presence … of knowledge spillovers from auditing to non-audit services is a new result. Contrary to recent results in Ferguson et al …

This study considers accounting in the new information economy. The basic framework of accounting for firms reflects a … capital and products. It helps develop a perspective on the changes in organizations and accounting systems. Five aspects of … accounting in the new economy are considered. Technology; Information and Efficiency; New Organization design for web commerce …

This paper articulates the arguments for and against introducing competition into the accounting standard … leadership in making accounting rules, (2) the increased risk of a "race to the bottom" under regulatory competition, (3) the … inability of most users of financial reports to understand the complex technical issues underlying accounting standards, (4) the …

various accounting and real instruments of earnings management, complicate the task of detecting such management in field data. …

auditing to non-audit services and from non-audit services to auditing. While knowledge spillovers from non-audit services to … auditing is a known result [e.g. see Simunic (1984)] the presence of knowledge spillovers from auditing to non-audit services …Prior research has estimated piecemeal the determinants of audit fees, non-audit services fees and abnormal accruals …

consequences of a competitive regime sans regulation for accounting standards, disclosure and audit practices. In this paper we set … Generally Accepted Accounting Principles (GAAP) has been in place in the United States for seven decades. Whether this regime is …