Influences on accounting regulation
Influences on accounting regulation

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Influences on accounting regulation

2.6 Conclusion

This section has considered the reasons for different systems of accounting regulation in more detail. A number of factors external to accounting (e.g. the legal system and so-called ‘accidents of history’) have been important in shaping accounting regulations differently from one jurisdiction to another. The contingent model of accounting change provides an explanation of how accounting regulation continues to evolve and how dealing with one issue can have unintended consequences, leading to a new cycle of development.


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