). As firm value is non‐contractible by assumption, an incentive contract is written on accounting income. The manager … with regard to accounting discretion. Third, he needs to specify contracting details. If an internal information system is … environment becomes more volatile. Holding either the IIS choice or the accounting system choice constant, we observe the …

discipline-wide espousal of this theory may have led our accounting education system to unwittingly introduce and then normalize … accounting academy, who must train students to join a profession whose value rests on a foundation of ethical behavior and the … public interest. It is also salient to the accounting research, which has informed the construction of intra-firm contracts …