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作者：Hoitash, Udi; Hoitash, Rani; Bedard, Jean C.
作者单位：Northeastern University; Bentley University; University of New South Wales Sydney
摘要：This study examines the association between corporate governance and disclosures of material weaknesses (MW) in internal control over financial reporting. We study this association using MW reported under Sarbanes-Oxley Sections 302 and 404, deriving data on audit committee financial expertise from automated parsing of member qualifications from their biographies. We find that a lower likelihood of disclosing Section 404 MW is associated with relatively more audit committee members having acco...
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作者：Simnett, Roger; Vanstraelen, Ann; Chua, Wai Fong
作者单位：University of New South Wales Sydney; Maastricht University; University of Antwerp
摘要：Globally, companies increasingly publish separate general purpose, non-financial (sustainability) reports. Some of these are independently assured and assurers may or may not be from the auditing profession. We seek to understand this emerging voluntary assurance market. Using a sample of 2,113 companies (from 31 countries) that produced sustainability reports between 2002-2004, we use sequential logit analysis to identify the factors associated with the decision to voluntarily purchase assura...
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作者：Bradshaw, Mark T.
作者单位：University of Chicago
摘要：Changes in regulations governing capital markets always provide a rich setting for archival researchers to examine how such changes affect the behavior of market participants. Barniv et al. (2009; hereafter, BHMT) and Chen and Chen (2009; hereafter CC) examine the impacts of recently enacted regulations aimed at curbing perceived abused by sell-side analysts. There were no less than six significant regulations issued between 2000 and 2003 that affected the activities of analysts. BHMT and CC e...
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作者：Gong, Guojin; Li, Laura Yue; Xie, Hong
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Illinois System; University of Illinois Urbana-Champaign; Syracuse University
摘要：We investigate the association between errors in management forecasts of subsequent year earnings and current year accruals. In an uncertain operating environment, managers' assessments of their firms' business prospects are imperfect. Since managers' imperfect business assessments influence both accruals generation and earnings projection, we hypothesize that management earnings forecasts exhibit greater optimism (pessimism) when accruals are relatively high (low). Consistent with this hypoth...
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作者：Carcello, Joseph V.; Vanstraelen, Ann; Willenborg, Michael
作者单位：University of Tennessee System; University of Tennessee Knoxville; Maastricht University; University of Antwerp; University of Connecticut
摘要：We study going-concern (GC) reporting in Belgium to examine the effects associated with a shift toward rules-based audit standards. Beginning in 2000, a major revision in Belgian GC audit standards took effect. Among its changes, auditors must ascertain whether their clients are in compliance with two financial-juridical criteria'' for board of directors' GC disclosures. In a study of a sample of private Belgian companies, we report two major findings. First, there is a decrease in auditor Typ...
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作者：Frank, Mary Margaret; Lynch, Luann J.; Rego, Sonja Olhoft
作者单位：University of Virginia; University of Iowa
摘要：We investigate the association between aggressive tax and financial reporting and find a strong, positive relation. Our results suggest that insufficient costs exist to offset financial and tax reporting incentives, such that nonconformity between financial accounting standards and tax law allows firms to manage book income upward and taxable income downward in the same reporting period. To examine the relation between these aggressive reporting behaviors, we develop a measure of tax reporting...
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作者：Ortega, Jaime
作者单位：Universidad Carlos III de Madrid
摘要：This study examines the relationship between performance pay and the decision to delegate the choice of work methods and scheduling. I compare two theoretical approaches, based on specific knowledge and measurement costs, respectively. Both perspectives suggest a complementarity between discretion and performance pay, but the former predicts a positive effect of job complexity on discretion and performance pay, and the latter implies a negative effect. Results suggest that group and firm-wide ...
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作者：Casterella, Jeffrey R.; Jensen, Kevan L.; Knechel, W. Robert
作者单位：Colorado State University System; Colorado State University Fort Collins; University of Oklahoma System; University of Oklahoma - Norman; State University System of Florida; University of Florida
摘要：This study examines whether peer reviews conducted under the AICPA's self-regulatory model have been effective at signaling audit quality. Prior research has examined whether peer-review reports are associated with perceived audit quality. We examine whether peer-review reports are associated with actual audit quality. Using a unique data set obtained from the files of an insurance company, we find that peer-review findings are indeed useful in predicting audit failure (i.e., malpractice claim...
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作者：Cassar, Gavin
作者单位：University of Pennsylvania
摘要：Using a representative sample of entrepreneurs who are in the process of starting a business, this study investigates the determinants of the preparation of financial statements and projections in start-up ventures. Consistent with predictions from information economics and contracting, I find that the use of outside funding, level of competition, and venture scale are positively associated with the intended frequency of financial statement preparation. However, comparing the economic signific...
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作者：Clor-Proell, Shana M.
作者单位：University of Wisconsin System; University of Wisconsin Madison
摘要：This research investigates how financial statement users' judgments and decisions are affected by the extent to which a firm's actual accounting choices match users' expectations. Based on prior communications research, I predict and find that users' credibility judgments are more extreme when a firm's actual accounting choices do not match expectations. Experiment 1 supports this prediction in a stock-based compensation context, and Experiment 2 supports it in an accounting estimate context. ...
