: Following the 1929 stock market crash, the U.S. established the Securities and Exchange Commission (SEC) in 1934, requiring publicly traded companies to file certified financial reports.
: Wealthy Roman households used daybooks, and governors submitted accounts to Caesar, marking an early form of external financial reporting. The Renaissance: The Birth of Double-Entry (1300 – 1500) accounting
: Scribes used clay tablets to record transactions involving livestock, crops, and silver owed to temples. : Following the 1929 stock market crash, the U