5期

最新文章

• Accruals quality and internal control over financial reporting AI翻译
  作者：Doyle, Jeffrey T.; Ge, Weili; Mcvay, Sarah
  作者单位：Utah System of Higher Education; Utah State University; University of Washington; University of Washington Seattle; Utah System of Higher Education; University of Utah
  摘要：We examine the relation between accruals quality and internal controls using 705 firms that disclosed at least one material weakness from August 2002 to November 2005 and find that weaknesses are generally associated with poorly estimated accruals that are not realized as cash flows. Further, we find that this relation between weak internal controls and lower accruals quality is driven by weakness disclosures that relate to overall company-level controls, which may be more difficult to audit a...
• Unbalanced information and the interaction between information acquisition, operating activities, and voluntary disclosure AI翻译
  作者：Einhorn, Eti; Ziv, Amir
  作者单位：Tel Aviv University; Columbia University
  摘要：As different activities cannot be measured or communicated with the same precision, accounting information is often only a partial and unbalanced reflection of the fundamental economics, emphasizing certain aspects of the underlying operations while disregarding others. We highlight this inherent imbalance in information as the source of an interaction between corporate operating and discretionary disclosure strategies, and thereby also as an important determinant of the information acquisitio...
• Private earnings guidance and its implications for disclosure regulation AI翻译
  作者：Wang, Isabel Yanyan
  作者单位：Michigan State University
  摘要：This study investigates three related questions: (1) Why did some firms provide private earnings guidance to analysts before Regulation Fair Disclosure? (2) How did the exogenous shock of Regulation Fair Disclosure affect these firms' disclosure policies? (3) What are the economic consequences of this disclosure regulation? To address these questions, I develop a new measure of private earnings guidance. Consistent with theory, I find that firms were more likely to provide private earnings gui...
• Audit team brainstorming, fraud risk identification, and fraud risk assessment: Implications of SAS no. 99 AI翻译
  作者：Carpenter, Tina A.
  作者单位：University System of Georgia; University of Georgia
  摘要：SAS No. 99 requires brainstorming sessions on each audit to help auditors detect fraud. This study investigates audit team brainstorming sessions and the resulting fraud judgments. The psychology literature provides mixed results on the benefits of brainstorming. Results from my experiment suggest that while the overall number of ideas is reduced, brainstorming audit teams generate more quality fraud ideas than individual auditors generate before the brainstorming session. Further, audit teams...
• When security analysts talk, who listens? AI翻译
  作者：Mikhail, Michael B.; Walther, Beverly R.; Willis, Richard H.
  作者单位：Arizona State University; Arizona State University-Tempe; Northwestern University; Vanderbilt University
  摘要：Regulators' interest in analyst reports stems from the belief that small investors are unaware of the conflicts sell-side analysts face and may, as a consequence, be misled into making suboptimal investment decisions. We examine who trades on security analyst stock recommendations by extending prior research to focus on investor-specific responses to revisions. We find that both large and small traders react to analyst reports; however, large investors appear to trade more than small traders i...
• Internal control weakness and cost of equity: Evidence from SOX section 404 disclosures AI翻译
  作者：Ogneva, Maria; Subramanyam, K. R.; Raghunandan, K.
  作者单位：University of Southern California; State University System of Florida; Florida International University
  摘要：We examine the association between cost of equity and internal control weakness (ICW) for firms that filed first-time Section 404 reports with the SEC. Using several proxies, we find higher implied cost of equity associated with ICW firms than for a control sample of firms that disclosed no ICW. However, the higher cost of equity associated with ICW disappears after controlling for primitive firm characteristics and for analyst forecast bias. Overall, we find that, on average, ICWs are not dir...