Journal Problem
The Journal of Accounting identified key areas of research in accounting:
1) The impact of financial reporting and disclosure on stock prices;
2) The economics of auditing, enforcement and audit oversight;
3) The use of accounting information in contracting in debt, labor, supply, and other markets;
4) The role of accounting in compensation and in corporate governance;
5) The role of managerial accounting on internal decision making such as budgeting, costing, and transfer pricing;
6) The real effects of financial reporting and disclosure (e.g. on firm behavior);
7) The economics of regulation of financial reporting and disclosure, including bank regulation;
8) International differences in financial reporting and the role of reporting standards in international capital markets;
9) The political economy of standard-setting;
10) The use of accounting information in public finance and macroeconomic statistics;
11) The impact of tax regulation on transaction structuring;
12) The role of transparency in markets and society;
Choose one of these areas and give a summary of some of the current research themes (last 5 years). Finally, identify questions the researchers have identified as needing further exploration in these areas.
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.