We analyze p-values in empirical papers published in the “top three” accounting journals in 2011. We estimate average Type I error and Type II error rates to be 11% and 22% respectively. The p-value distribution is strongly concentrated near zero and the frequencies of p-values just below...

We consider accounting from an evolutionary perspective. Accounting encompasses the creation of transactional records, the summarization of records in t-accounts, and the preparation of audited financial statements. Accounting's history spans at least 10,000 years dating back to the first human...