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作者：Joyce, Yvonne
作者单位：University of Glasgow
摘要：This paper seeks to understand how insolvency practitioners attempt to build trust with a heterogeneous creditor body during the crisis of formal insolvency and the role accounting information and processes play. Accounting information is mobilized in different ways according to how insolvency practitioners believe the information will be interpreted and valued. This paper suggests specific qualitative characteristics, accounting principles, and processes which appear to enhance trust building...
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作者：Badia, Marc; Duro, Miguel; Jorgensen, Bjorn N.; Ormazabal, Gaizka
作者单位：University of Navarra; IESE Business School; University of London; London School Economics & Political Science
摘要：We exploit two regulatory shocks to examine the informational effects of tightening preexisting mandatory disclosure rules. Canadian National Instrument 51-101 in 2003 and the U.S. rule Modernization of Oil and Gas Reporting in 2009 introduced quasi-identical amendments which effectively tightened the rules governing oil and gas reserve disclosures in both countries. We document significant changes in firms' reporting outcomes when the new regulations are introduced. We also find that the rese...
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作者：Jensen, Tyler K.; Plumlee, Marlene A.
作者单位：Iowa State University; Utah System of Higher Education; University of Utah
摘要：Management earnings forecasts expressed as a range have become the most common form of quantitative management guidance. Traditionally, the proxy for the sign and the magnitude of the information conveyed by these forecasts the forecast news is calculated as the difference between a pre-forecast earnings expectation and the midpoint of the forecasted range. We provide strong evidence that this traditional measure understates the amount of information conveyed by range forecasts. More important...
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作者：Bauer, Andrew M.; Fang, Junxiong; Pittman, Jeffrey; Zhang, Yinqi; Zhao, Yuping
作者单位：University of Waterloo; Fudan University; Memorial University Newfoundland; American University; University of Houston System; University of Houston
摘要：In measuring tunneling with intercorporate loans disclosed by Chinese listed companies, we analyze the underlying channels through which aggressive tax planning facilitates the diversion of corporate resources by firm insiders. Using path analysis, we document that the path from tax aggressiveness to related loans is mediated by both the additional cash flows from tax savings and the increased financial opacity from tax planning, and that additional cash flows plays a much more important role ...
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作者：Lennox, Clive; Li, Bing
作者单位：University of Southern California; City University of Hong Kong
摘要：We examine how often audit firms are sued in a large sample of accounting lawsuits that allege financial reporting failures. We find an insignificant relation between the likelihood of auditor litigation and restatements, but the likelihood of auditor litigation is strongly related to the types of alleged accounting deficiencies. We also find that the auditor's type influences the probability of the auditor being sued and the size of the payouts from auditor and nonauditor defendants. In parti...
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作者：Wolfe, Christopher J.; Christensen, Brant E.; Vandervelde, Scott D.
作者单位：Texas A&M University System; Texas A&M University College Station; University of Oklahoma System; University of Oklahoma - Norman; University of South Carolina System; University of South Carolina Columbia
摘要：We examine the use of intuition versus analytical thinking in auditor risk assessment using a task that requires auditors to assess a group of impairment indicators. We expect that auditor intuition, rooted in the subconscious, more likely reacts to impairment indicator risk than does auditor analytical thinking. Results from two different experiments support this expectation for less-experienced audit seniors. These seniors are more likely to assess step-zero impairment indicators as signalin...
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作者：De Simone, Lisa; Nickerson, Jordan; Seidman, Jeri; Stomberg, Bridget
作者单位：Stanford University; Boston College; University of Virginia; Indiana University System; Indiana University Bloomington
摘要：Research on the determinants of tax avoidance have relied on tests using GAAP and cash effective tax rates (ETRs) and total and permanent book-tax differences. Two new proxies have emerged that overcome documented limitations of these proxies: one, developed by Henry and Sansing (2018), allows for more meaningful interpretation of results estimated in samples that include loss observations. The other, reserves for unrecognized tax benefits (UTB), provides new data on tax uncertainty. We offer ...
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作者：Maksymov, Eldar; Pickerd, Jeffrey; Lowe, D. Jordan; Peecher, Mark E.; Reffett, Andrew
作者单位：Arizona State University; Arizona State University-Tempe; University of Mississippi; University of Illinois System; University of Illinois Urbana-Champaign; University System of Ohio; Miami University
摘要：Prior research indicates that most audit legal disputes settle. There is, however, little evidence of the factors that drive the settlement norm and its exceptions in audit legal disputes. To better understand these factors, we rely on theory related to how professionals manage risks and, as a result, how professions defend jurisdictional claims. We use this theoretical lens to help motivate four research questions that we probe by interviewing 27 prominent attorneys experienced in audit litig...
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作者：Newman, Andrew H.; Tafkov, Ivo D.; Zhou, Flora Hailan
作者单位：University of South Carolina System; University of South Carolina Columbia; University System of Georgia; Georgia State University; Bentley University
摘要：Employer-sponsored opportunities for altruism outside the workplace can improve employee engagement and passion within the firm, enhance the firm's corporate visibility, and improve its recruitment. There is limited understanding of whether and how a firm's management control system on employees' daily tasks can influence employee willingness to engage in altruism outside the workplace. In this study, we investigate via an experiment how the incentive scheme (tournament vs. piece rate) on empl...
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作者：Saiewitz, Aaron; Wang, Elaine (Ying)
作者单位：Nevada System of Higher Education (NSHE); University of Nevada Las Vegas; University of Massachusetts System; University of Massachusetts Amherst
摘要：In a globalized audit environment, regulators and researchers have expressed concerns about inconsistent audit quality across nations, with a particular emphasis on Chinese audit quality. Prior research suggests Chinese audit quality may be lower than U.S. audit quality due to a weaker institutional environment (e.g., lower litigation and inspection risk) or cultural value differences (e.g., greater deference to authority). In this study, we propose that lower Chinese audit quality could also ...
