). 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 …

This paper examines the role and function of the Public Company Accounting Oversight Board (PCAOB) noting whether or …

effective internal control over financial reporting, and manifest the real and environmental impacts of accounting …