All introductory economics textbooks proffer essentially the same definition of economics. “Economics is the study of the allocation of scarce resources…” (Worstall, 2015; Yuille, 2015). The methods and fora for allocating limited or scarce resources are determined and constrained by the legal...

Dozens of judicial opinions have held that shareholders own corporations, that directors are agents of shareholders, and even that directors are trustees of shareholders' property. Yet, until now, it has never been proven. These doctrines rest on unsubstantiated assumptions. In this book the...

All introductory economics textbooks proffer essentially the same definition of economics. “Economics is the study of the allocation of scarce resources…” (Worstall, 2015; Yuille, 2015). The methods and fora for allocating limited or scarce resources are determined and constrained by the legal...

Financing terrorist organizations and activities must be fought on at least four fronts within public accounting: the SEC Audit Requirements PCAOB Auditing Standards, the AICPA Code of Professional Conduct, and state licensing statutes. This paper examines the ethical and legal obligations the...

Many profession-changing events have occurred in the 25 years since Sikka, Willmott, and Lowe (1989) published Guardians of Knowledge and Public Interest, among them the collapse of Enron and other international corporate frauds and failures along with the demise of Arthur Anderson; the creation...

Both in US common law or in French codified law, Forensic Accountants aim to serve justice by illuminating technical, financial facts in the context of a dispute or a trial.According to the American Institute of Certified Public Accountants (AICPA), Forensic accounting services..."generally...

The Sarbanes-Oxley Act of 2002 conferred upon the Securities and Exchange Commission (“SEC”) the authority to recognize as “‘generally accepted' for purposes of the securities laws, any accounting principles established by a standard setting body” provided that the standard setting...

Protecting the public interest is at the core of federal securities laws. To protect the public interest is the mission of the Securities and Exchange Commission and its raison d'être. At least, that is what the public is encouraged to believe.Protecting the public interest in Federal...

Accounting research productivity has acquired mythic characteristics. What constitutes productivity in accounting research, in particular financial accounting research, has for decades not been measured by the amount of work that is required to generate publishable research, but by the quantity...

This paper surveys accounting research as seen through the eyes of international accounting researchers. Several studies have been published by researchers across the globe in both American and non-American accounting research journals critical of not only the dominant accounting research...