We consider a two-period LEN-type agency problem. The principal needs to implement one out of two accounting systems … relevant system reports an accounting signal in the period in which it is produced. The reliable system reports a more precise … signal, but with a one period delay. Accounting information is contractible only if it is reported within the two …

special controlling service than medium-sized enterprises. We also discovered the accounting officer's membership in a company …The aim of this paper is to show the importance of accounting information for management, especially in medium … the company has an impact on organizing a specific controlling service in a company and whether, in large companies, heads …