Three are a couple of contributions. First, as earnings management is a significant
field in the process of financial reporting that is worth studying, more research in this area
will allow policy-makers to craft policy that will minimize fraudulent reporting. For
managers, more structure will reduce the blurry lines involved with earnings management.
Second, it will allow readers to better understand earnings management and the
relationship between earnings management and corporate governance.
The rest of this study is organized as follows: Section II is the theoretical framework
and literature review. Section III discusses research methodology. Section IV presents a
general review of selected literatures and provides discussion and comparison of these
findings. Section V concludes.