ACCOUNTING PROFESSION: A COMPARATIVE DESCRIPTIVE STUDY OF THE COMMON AND LEGAL LAW COUNTRIES

Abstract

Instead of the fact that accounting profession has a long history, it mainly evolved in the last 150 years in the modern sense. Many factors influenced the development of accounting and there are many reasons why countries have developed different accounting systems. Among these factors, the relationship between the legal system and the accounting profession is considered worthy of examination; for this purpose the accounting professions of selected countries are studied.