Contemporary Accounting Research

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• The Predictive Ability of Fair Values for Future Financial Performance of Commercial Banks and the Relation of Predictive Ability to Banks' Share Prices AI翻译
  作者：Evans, Mark E.; Hodder, Leslie; Hopkins, Patrick E.
  作者单位：Indiana University System; Indiana University Bloomington
• Discussion of Analysts' Cash Flow Forecasts and the Decline of the Accruals Anomaly and Analysts' Cash Flow Forecasts and Accrual Mispricing AI翻译
  作者：Ecker, Frank; Schipper, Katherine
  作者单位：Duke University
  摘要：We discuss three research design choices made by Mohanram (2014) and Radhakrishnan and Wu (2014) in their examinations of the link between cash flow forecasts and declines in returns to a trading strategy based on past realized accruals (the accruals anomaly). The first choice is the use of pooled estimation combined with an indicator for the incidence of a cash flow forecast; we argue that the over-time increase in cash flow forecast incidence acts as an implicit weighting scheme in pooled es...
• Implications of Insufficient and Excess Cash for Future Performance AI翻译
  作者：Oler, Derek K.; Picconi, Marc P.
  作者单位：Texas Tech University System; Texas Tech University; William & Mary
• Financial Reporting Opacity and Expected Crash Risk: Evidence from Implied Volatility Smirks AI翻译
  作者：Kim, Jeong-Bon; Zhang, Liandong
  作者单位：City University of Hong Kong
  摘要：The recent financial crisis has stimulated a renewed interest in understanding the determinants of stock price crash risk (i.e., left tail risk). Recent research shows that opaque financial reports enable managers to hide and accumulate bad news for extended periods. When the accumulated bad news reaches a certain tipping point, it will be suddenly released to the market at once, resulting in an abrupt decline in stock price (i.e., a crash). This study extends this line of research by examinin...
• Auditors' Professional Skepticism: Neutrality versus Presumptive Doubt AI翻译
  作者：Quadackers, Luc; Groot, Tom; Wright, Arnold
  作者单位：Vrije Universiteit Amsterdam; Northeastern University
  摘要：Although skepticism is widely viewed as essential to audit quality, there is a debate about what form is optimal. The two prevailing perspectives that have surfaced are neutrality and presumptive doubt. With neutrality, auditors neither believe nor disbelieve client management. With presumptive doubt, auditors assume some level of dishonesty by management, unless evidence indicates otherwise. The purpose of this study is to examine which of these perspectives is most descriptive of auditors' s...
• Separating the Political and Technical: Accounting Standard-Setting and Purification AI翻译
  作者：Young, Joni J.
  作者单位：University of New Mexico
  摘要：The U.S.-based Financial Accounting Standards Board (FASB) emphasizes that accounting standard-setting is not and should not be regarded as a political process. Employing the case of accounting for stock compensation, I examine a recent debate in which FASB appears to have successfully established and maintained a boundary between a technical accounting process and politics. This case is interesting because an earlier, failed effort to expense stock compensation was described as highly politic...
• Discussion of Accounting and Sweatshops: Enabling Coordination and Control in Low-Price Apparel Production Chains AI翻译
  作者：Mouritsen, Jan
  作者单位：Copenhagen Business School
• Being a Successful Professional: An Exploration of Who Makes Partner in the Big 4 AI翻译
  作者：Carter, Chris; Spence, Crawford
  作者单位：University of Edinburgh; University of Warwick
  摘要：Extant literature on professional services firms in general, and on the Big 4 accounting firms in particular, consistently shows that these firms are in a state of institutional flux. In turn, it has been argued that new types of professionals are emerging within this context. Adopting a sociological perspective inspired by the work of Pierre Bourdieu, this article unravels the meaning of success within the Big 4 via an exploration of who makes partner. Specifically, the paper reports upon a q...
• How Do Auditors Address Control Deficiencies that Bias Accounting Estimates? AI翻译
  作者：Mauldin, Elaine G.; Wolfe, Christopher J.
  作者单位：University of Missouri System; University of Missouri Columbia; Texas A&M University System; Texas A&M University College Station
  摘要：Auditors commonly rely on reviewing management's estimation process to audit accounting estimates. When control deficiencies bias the estimation process by creating omissions of critical inputs, standards require that auditors replace or supplement review of management's estimation process with tests that can identify the omissions. Importantly, overreliance on reviewing management's estimation process when it has been biased by a control deficiency can result in auditor acceptance of an inapp...
• A Big 4 Firm's Use of Information Technology to Control the Audit Process: How an Audit Support System is Changing Auditor Behavior AI翻译
  作者：Dowling, Carlin; Leech, Stewart A.
  作者单位：University of Melbourne