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    The evolution of joint ventures into business corporations.

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    The nineteenth century witnessed the evolution of joint ventures into business corporation.

    Discuss how the emergence and growth of the corporate form of business affected perceptions regarding the role of the accounting profession in financial reporting in England and the United States.

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    The joint ventures of businesses in England brought about reform to the accounting industry. England adopted the statutory establishment of corporations in 1845 which helped to develop accounting standards and laws that safeguarded stockholders from corporate officers (Schroeder, Clark, & Cathey, 2005). In the beginning anyone could claim to be an ...

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