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There is contingency theory left only. Accounting disclosures can be used to monitor, evaluate and control management. Agency theory Normative theory Accounting disclosures are used

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There is contingency theory left only.

Accounting disclosures can be used to monitor, evaluate and control management. Agency theory Normative theory Accounting disclosures are used to show how the organization is meeting the expectations, rules, norms and guidelines. Legitimacy theory Accounting disclosures might provide information to offset negative news that may be publicly available. Stakeholder theory Accounting disclosures can be used to meet the information needs of different stakeholders. Institutional theory There is no universally appropriate accounting system that can be applied to all organizations

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