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作者：Palermo, Tommaso; Power, Michael; Ashby, Simon
作者单位：University of London; London School Economics & Political Science; Vlerick Business School
摘要：This study develops a process model of how accounting may come to an end. Grounded in a longitudinal study of a risk culture survey, this model focuses on the dynamics that underpin the repetition of accounting practices, and sheds light on two boundary conditions of successful repetition and continuation, which are in tension with each other. On the one hand, there are pressures for repetition that preserves continuity and comparability. On the other hand, there is the ongoing organizational ...
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作者：Conaway, Jenelle K.
作者单位：George Mason University
摘要：Motivated by ongoing worldwide efforts to improve the comparability of accounting information, I examine the temporal trend in global financial reporting comparability. Regulators have made serious efforts to improve comparability, but numerous frictions may have limited their effectiveness. Accordingly, I examine the time-series properties of comparability measures for a sample of the 36 largest economies and provide two key empirical insights consistent with expectations. First, I confirm co...
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作者：Files, Rebecca; Liu, Michelle
作者单位：University of Texas System; University of Texas Dallas; City University of New York (CUNY) System; Hunter College (CUNY)
摘要：Although firms are encouraged by the SEC and Department of Justice to conduct internal investigations following financial misconduct, prior research finds few benefits for investigating firms. This study examines a novel aspect of internal investigations-namely, whether the investigation is conducted by independent versus nonindependent teams-and explores the impact of these teams on investigation outcomes. Consistent with our predictions, we find that firms whose internal investigations are l...
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作者：Cunningham, Lauren M.; Leidner, Jacob J.
作者单位：University of Tennessee System; University of Tennessee Knoxville; University of Wurzburg
摘要：As part of its goal to monitor and enhance the quality of information available to investors, the SEC reviews companies' filings to ensure compliance with applicable financial reporting and disclosure requirements. Increased public interest and the substantial costs for both the SEC in reviewing and the companies in responding have led to a rapidly growing body of accounting literature that examines the filing review process. We survey and comment on 80 published and unpublished academic resea...
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作者：Anderson, Spencer B.; Hobson, Jessen L.; Sommerfeldt, Ryan D.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Washington State University
摘要：Many companies regularly disclose non-GAAP performance measures to communicate firm-specific information that does not fit within the mold of GAAP reporting. However, these non-GAAP measures may have low information content or even be misleading to investors. Thus, the question arises of whether auditors should play a larger role in the reporting of non-GAAP measures, which currently are not audited. We run an experiment to provide ex ante evidence on the effect of auditing non-GAAP measures. ...
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作者：Christensen, Rasmus Corlin; Seabrooke, Leonard
作者单位：Copenhagen Business School
摘要：We investigate what happens when accounting professionals come under external pressure to change established practices. We focus on corporate tax transparency, which has become an important battleground as stakeholders increasingly demand more information on corporate tax practices. While the Big 4 global accounting firms have traditionally played a dominant role in shaping what is perceived as acceptable corporate tax behavior, activists and critical politicians have recently mobilized public...
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作者：Cahan, Steven F.; Che, Limei; Knechel, W. Robert; Svanstrom, Tobias
作者单位：University of Auckland; Peking University; Peking University Shenzhen Graduate School (PKU Shenzhen); State University System of Florida; University of Florida; Umea University
摘要：We examine how the extent and distribution of industry knowledge within an audit team affect audit outcomes. While prior research examining the role of auditors' industry knowledge focuses mainly on audit firms, audit offices, and audit partners, audits are conducted by audit teams. Using an audit framework and proprietary data from a Big 4 firm that includes audit hours for each team member, we find that Big 4 audit teams with higher average industry knowledge are associated with more audit e...
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作者：Bruehne, Alissa I.; Schanz, Deborah
作者单位：University of Munich
摘要：We examine the black box of corporate tax risk management by providing unique insights into practitioners' tax risk perceptions, tax risk management practices, and influences leading to variation in tax risk management practices across firms. Opening this black box is important as tax risk has become an increasingly relevant aspect in corporate tax practice-little is yet known about how firms define and manage tax-related risks. We perform our analysis based on 33 expert interviews, which we c...
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作者：Canace, Thomas G.; Jackson, Scott B.; Ma, Tao; Zimbelman, Aaron
作者单位：Wake Forest University; University of South Carolina System; University of South Carolina Columbia; Texas Tech University System; Texas Tech University
摘要：Accounting rules require that certain R&D expenditures be capitalized, but academic research often states that all R&D expenditures must be immediately expensed. An accurate understanding of actual R&D accounting practices is critical because that understanding influences research questions and design choices. To examine the competing R&D accounting perspectives, we survey 184 experienced financial officers. Our survey reveals that R&D capitalization is common and extensive in practice. Over 9...
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作者：Chen, Huimin (Amy); Shohfi, Thomas D.
作者单位：University of Massachusetts System; University of Massachusetts Lowell; Rensselaer Polytechnic Institute
摘要：We investigate variation in information production by sell-side analysts and its potential role in hedge fund activist intervention, an important external corporate governance mechanism that creates shareholder value. Using textual analysis to derive an activism dictionary from intervention objectives and tactics, we find substantially more activism content in pre-intervention analyst reports of target firms than propensity score matched control firms. Activism content is associated with more ...
