Economics, Econometrics and Finance
8 years ago

Accounting Standards Reshape Legal Landscape, Redefine Corporate Obligations

1 view
SSRN Electronic Journal
A Change in Accounting, A Change in Law
Israel Klein

Paper Summary

The article discusses how changes in accounting standards can impact the legal system. It argues that financial accounting has a significant influence on laws and regulations, acting almost like a form of legislation. The researchers highlight the need to address the legal consequences that arise from evolving accounting practices.

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