Financial globalization paired with the relaxation of constraints on capital flows between countries before the 2008 crisis, increased merger activities among t

This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets co

Since 1998, the world’s leading experts on accounting and regulation have convened in a series of workshops to explore and analyze emerging issues in the fiel

The authors bring the disciplines of accounting and economics to bear on an examination of the critical role played by the major accounting firms in the ongoing

An insightful look at how to reform our broken financial system The financial crisis that unfolded in September 2008 transformed the United States and world eco