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Watts and Zimmerman's Positive Accounting Theory (PAT) states that all managers seek to behave in an opportunistic, self-interest manner. You are required to discuss and

Watts and Zimmerman's Positive Accounting Theory (PAT) states that all managers seek to behave in an opportunistic, self-interest manner. You are required to discuss and critically evaluate PAT and the wider agency theory debate and consider if this key assumption remains valid in today's world.

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