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A Golden Age in Setting National Accounting Standards : The UK’s Accounting Standards Board, 1990–2000
Meeks, Geoff - 2023
At the beginning of the 1990s UK accounting standards were described as a ‘laughing stock’. By the millennium they were widely acclaimed and in some respects world-leading. This paper explores some of the key technical advances in this period, and the political processes employed to secure...
Persistent link: https://www.econbiz.de/10014348913
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Principles-Based Accounting Standards and Audit Outcomes : Empirical Evidence
Cho, Myojung; Krishnan, Gopal V. - 2021
The purpose of this study is to empirically examine the relations between audit outcomes and accounting standard design (principles-based vs. rules-based) for US firms. Considering that audit outcomes may vary with audit risk, which may differ under different accounting standards, we examine and...
Persistent link: https://www.econbiz.de/10013231802
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Regulatory Oversight and Auditor Market Share
Aobdia, Daniel - 2017
We examine whether auditor regulatory oversight affects the value of financial statement audits. Using the PCAOB international inspection program as a setting to generate within country variation in regulatory oversight, we find that non-U.S. auditors inspected by the PCAOB gain 4 to 6% market...
Persistent link: https://www.econbiz.de/10012960465
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A Comment on the Accounting and Auditing Law of Georgia
McGee, Robert W. - 2014
This article comments on the Accounting and Auditing Law of the Republic of Georgia.The Georgian law “On Accounting and Auditing of Financial Reporting” was signed into law in 2012. Some of its provisions became effective immediately, while others became effective in January 1, 2013. The law...
Persistent link: https://www.econbiz.de/10013053309
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The Costs of Public Audit Oversight : Evidence from the EU
Florou, Annita; Shuai, Yuan - 2021
We examine the audit pricing consequences of auditor inspections under the public oversight regime in the EU. Employing a staggered difference-in-differences design, we document an inspections audit fee premium during the post-inspection period when companies’ auditors are inspected by the...
Persistent link: https://www.econbiz.de/10013224577
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Insights into Auditor Public Oversight Boards : Whether, How, and Why they 'Work'
Hanlon, Michelle; Shroff, Nemit - 2022
We survey 170 inspectors, representing 27% of the inspection staff, from auditor public oversight boards (POBs) in 20 countries to understand whether, how, and why auditors respond to POB oversight. We find that a large majority of inspectors believe that auditors frequently respond to their...
Persistent link: https://www.econbiz.de/10013291126
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Disclosure quality on Covid-19 of European Banks in half-year and year-end financial statements 2020
Löw, Edgar; Schröder, Michelle Elodie - 2021
expectations on disclosure regarding the pandemic’s impact in order to meet the objective of the IFRS to provide decision …
Persistent link: https://www.econbiz.de/10012795250
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Big 4 Office Political Connections and Client Restatements
Elemes, Anastasios; Chen, Jeff Zeyun - 2021
Extant literature suggests that audit firms establish political connections at the national level to lobby regulators and legislators. In this paper we construct a novel dataset of Big 4 auditors’ political connections at the audit office level and examine the implications of auditors’...
Persistent link: https://www.econbiz.de/10013251450
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Accounting for Financial Instruments under IFRS 9 – First-Time Application Effects on European Banks’ Balance Sheets
Loew, Edgar - 2019
IFRS 9 was introduced by the IASB in 2014 and became mandatory for fiscal years starting in 2018. It bears fundamental … specifically categorised and that IFRS 9 doesn't have an effect on long term investments by banks. The study also outlines the …
Persistent link: https://www.econbiz.de/10012861972
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Auditor Lobbying on Accounting Standards
Allen, Abigail M.; Ramanna, Karthik; Roychowdhury, Sugata - Harvard Business School, Harvard University - 2014
We examine how Big N auditors' changing incentives impact their comment-letter lobbying on U.S. GAAP over the first … thirty-four years of the FASB (1973-2006). We examine the influence of auditors' lobbying incentives arising from three basic … auditor lobbying is driven by prevailing standards of litigation and regulatory scrutiny and by support for fair …
Persistent link: https://www.econbiz.de/10011114849