The growing internationalization of markets‎,‎ the relaxation of constraints on capital flows between countries‎,‎ and the creation of different economic unions ‎-‎- the European Union in particular ‎-‎- initiated the flow of capital‎,‎ goods‎,‎ and services across national borders‎,‎ growth and diffusion of shareholding‎,‎ and increased merger activity among the world‎'‎s largest stock exchanges‎.‎ These changes have stimulated an interest in understanding developments in accounting and corporate governance in a newly qualitative way‎.‎ Law‎,‎ Corporate Governance‎,‎ and Accounting sets out a framework for the analysis of institutional environments as the interconnected key tools of modern public corporations‎.‎ Along with examining latest developments in the integrated formal structures for the formulation of international accounting principles‎,‎ analyzing new accounting regulations and the extrapolating on the lessons that can be learned from the harmonization of accounting principles in Europe‎,‎ this monograph provides the analyses of the convergence in both auditing and corporate governance as well as US perspective on IFRS adoption‎.‎