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作者：Gaynor, Lisa Milici; McDaniel, Linda S.; Neal, Terry L.
作者单位：State University System of Florida; University of South Florida; University of Kentucky; University of Tennessee System; University of Tennessee Knoxville
摘要：Recent corporate governance reforms that require audit committees to pre-approve audit and nonaudit services increase audit committees' accountability to third parties for actual auditor independence and audit quality. Other SEC reforms mandate the disclosure of fees for auditor-provided services and are aimed at influencing investors' perceptions of auditor independence. These fee disclosures also reveal audit committees' pre-approval decisions, enhancing public accountability. Thus, audit co...
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作者：Indjejikian, Raffi J.; Matejka, Michal
作者单位：University of Michigan System; University of Michigan
摘要：We study the determinants of organizational slack in large decentralized firms and focus in particular on how management accounting systems (represented by business unit controllers) affect slack. We rely on an adverse selection model to derive several predictions and to motivate our tests. Consistent with this framework, we find that organizational slack (measured by achievability of business unit managers' performance targets) is higher in settings where business unit controllers focus relat...
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作者：Geiger, Marshall A.; North, David S.
作者单位：University of Richmond
摘要：The recent spate of fraudulent financial reporting in the U.S. has drawn attention to the fact that the Chief Financial Officer (CFO) has a substantial amount of control over a firm's reported financial results. This paper examines the changes in discretionary accruals surrounding the appointment of a new CFO. Using a sample of 712 companies that appointed a new CFO in the period 1994 to 2000, we find that discretionary accruals decreased significantly following the appointment of a new CFO. O...
