We suggest that a type of charade has developed in the tax-exempt leasing arena, one in which lessor/investors are confident of the enforceability of leases with governmental units, while simultaneously governmental officials and citizens are convinced that tax-exempt leases can be cancelled,...

Accounting conventions, norms, and standards play an important role in modern society in various areas related to the measurement of economic performance, allocation of capital, regulation of commercial activity, and taxation. From a historical perspective, the emergence of accounting...

In this chapter, we study the evolution of the auditor’s report from its emergence more than 150 years ago to the present. During this period, the standard auditor’s report has evolved from a rudimentary form to its current and more sophisticated structure with a clearly defined title,...