This monograph seeks to provide a theoretical foundation and linkage between
financial and managerial accounting. Just as the lines between the CPA-auditor
or the financial analyst and consultants, underwriters, and management have
been blurred through the Enron audit failure, so, too, will the lines between
research streams relating to management (management accounting) and external
parties (financial accounting) be less easily drawn. After providing the
theoretical foundation for information asymmetry in the first three sections,
emphasis shifts to case studies. Section four focuses on case studies and
issues relating to the transmission of symmetric and asymmetric information on
the Internet.
