: 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)
: 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. accounting
As trade expanded in Italy, merchants needed more sophisticated ways to oversee simultaneous transactions financed by bank loans. : Wealthy Roman households used daybooks, and governors
