Accounting

The supply of accountants in the United States is in serious decline due to the American Institute of Certified Public Accountants’ decision in 1988 to raise entry requirements. Ray Ball argues that the rule change did not improve the quality or productivity of newly licensed accountants, but instead reflected the incentives of the Institute’s members to reduce entry to increase their own salaries.

A provision within the Biden administration’s Build Back Better bill that assesses a minimum tax on certain companies based on their income reported to...

Robert Kaplan and Karthik Ramanna propose a new approach for verifiable accounting on indirect corporate emissions that would apply to all corporations, increase incentives...

In 2010, as the world was reeling from the global financial crisis, the body that determines generally accepted accounting principles for listed corporations in...

We now know that Wirecard was a massive fraud. The company—treated like a rock star by regulators and key players in finance—fabricated customers, invented...

In March 2018, Tesla’s Board of Directors granted Musk a potential bonus of 20,264,042 stock option awards under a  plan that uses “adjusted EBITDA” as one...

The UK’s reviews of the Big Four auditing firms have largely adopted an approach of more regulation and government oversight. This approach is not...

The failure of Enron and subsequent demise of Arthur Andersen led to significant changes for public reporting and auditing but not much change in...

Will blockchain technology lead to less shareholder activism and higher executive compensation? Watch David Yermack’s full Stigler Center lecture on the potential implications of blockchain...

PwC took over as auditor of the corruption-plagued global football body last year, with the intention of  reforming it. So how is it that...