Despite the stated advantages of SEM over more traditional forms of modeling, only 20 MA studies using SEM were published in ten leading accounting journals across a twenty-one year period. This indicates that the use of SEM in MA research lags well behind of other related disciplines. Furthermore, this review indicates that a number of studies which have used SEM have not addressed some of the key underlying principles, which limits their usefulness. For example, a number of the studies employed estimation techniques and reporting fit indices that are not appropriate for the characteristics of the particular sample