The Enron and WorldCom scandals and other less high profile
scandals ushered in several regulatory overhauls including those
provided for under the law widely known as Sarbanes-Oxley. Indeed,
this was the most dynamic period save possibly the 1930s in terms
of regulatory reforms to the accounting and financial reporting
environment. This monograph summarizes and synthesize a decade of
academic research to develop an evolving dominant explanation
around these myriad changes. The overarching themes and topics in
the literature that form the paradigm for this monograph include
the evolving accounting and reporting model in the U.S. and
internationally, the individual accounting pronouncements that
support the evolving model, the scandals themselves, and the public
and private sector responses to those scandals.
General
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