Please respond (at least 100 words) to the following scenario by 11:59 p.m.
Per Chapter 4 in your textbook: “One way to limit agency costs is to separate the decision rights to initiate and implement decision (decision management) from the ratifying and monitoring functions (decision control). Accounting systems play a very important role in monitoring as part of the performance evaluation system.” How can accountants and accounting systems limit agency costs and increase management accountability to shareholders? (HINT: need to define agency costs.) Part 1: Not your opinion. What does the literature and your textbook say on this subject? Please include citation for any source you use. Please use APA format.
