FINANCIAL ACCOUNTING AND REPORTING IN NORTH AMERICA
Presented at  School of Management, UESTC
By
George Lan, PhD
Associate Professor of Accounting
University Of Windsor
Windsor, Ontario, Canada
March 19, 2003
Outline of Presentation -1
Roles of standard setting bodies (FASB, CICA), Managers, Auditors and  Suppliers of Capital (Investors and Creditors or lenders) [See Diagram]
Information Economics Approach and Efficiency of capital markets
WorldCom, Enron and Arthur Andersen
Incentives of Management to Manage Earnings