This month marked the tenth anniversary of the 9/11 terrorist attacks in the USA. However, whilst the past ten years has witnessed lots of debate around issues of national security and foreign policy, the relationship between world trade, international accounting systems and peace has received comparatively little attention. The relationship between western accounting standards and the rise of terrorism asks whether the institution governing the development of global accounting standards needs to be transformed.

Professor Ken McPhail is from the School of Accounting at La Trobe University.

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