Using Internet research, find an historical event, incident or pattern of influence that is likely to have had an important effect on the technological transfer (from our place to another) or the development of new accounting knowledge, techniques or practices. This could be a recent or an older example: elaborate on the event, and place it in its historical context in order that we might be more readily understood by members of the class. Your write up must be in your own words, not "cut and paste" from the Internet. Provide at least two references. Remember, have read hundreds of submissions on this question, so if you want a good grade, put some real effort into this! Describe what the likely effect of this event may or would be, and try to gauge the magnitude of the long run effect if it is an old event, or even relatively recent Will it still have an impact on accounting, financial reporting or audit twenty years after? Describe in your written submission why you think this is important, and be prepared in class to make a 3 to 5 minute commentary on what you have found