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The Impact of Increased Managerial Discretion on the Usefulness of Reported Revenues : Evidence from Accounting Standard Updates for Multiple-Deliverable Sales Arrangements

Myers, Linda A. - 2020

Although conceptual frameworks of the Financial Accounting Standards Board and the International Accounting Standards Board identify relevance and faithful representation as the fundamental qualitative characteristics of useful information, prior research suggests that revenue recognition...

Persistent link: https://www.econbiz.de/10012856355

Fair Value Exposure, Auditor Specialization, and Banks’ Discretionary Use of the Loan Loss Provision

Bratten, Brian - 2017

In this study, we examine whether banks' use of the loan loss provision (LLP) to manage earnings is associated with 1) the extent to which banks hold assets subject to fair value reporting and 2) the use of an industry specialist auditor. We find that banks with a greater proportion of assets...

Persistent link: https://www.econbiz.de/10012974967

Do Earnings Reported Under IFRS Tell Us More About Future Earnings and Cash Flows?

Atwood, T. J. - 2010

We contribute to the debate about the relative benefits and costs of International Financial Reporting Standards (IFRS … flows differ for firms reporting under IFRS versus firms reporting under United States Generally Accepted Accounting …,832 firm-year observations drawn from 33 countries from 2002 through 2008, we find that positive earnings reported under IFRS …

Persistent link: https://www.econbiz.de/10013147507

The Usefulness of Income Tax Disclosures Under IFRS versus U.S. GAAP for Predicting Changes in Future Earnings and Cash Flows

Atwood, T. J. - 2012

We examine whether income tax disclosures under International Financial Reporting Standards (IFRS) are useful for …)-to-net income (i.e., the tax-book ranking) is useful for predicting changes in future earnings and cash flows under both IFRS and U ….S. GAAP. However, the usefulness of this ratio differs between IFRS firms and U.S. GAAP firms only following the adoption of …

Persistent link: https://www.econbiz.de/10013097465

The Roles that Forecast Surprise and Forecast Error Play in Determining Management Forecast Precision

Choi, Jong-Hag; Myers, Linda A.; Zang, Yoonseok; … - 2013

Studying the determinants of management forecast precision is important because a better understanding of the factors affecting management’s choice of forecast precision can provide investors and other users with cues about the characteristics of the information contained in the forecasts. In...

Persistent link: https://www.econbiz.de/10014206856

The Failure to Remediate Previously-Disclosed Material Weaknesses in Internal Controls

Hammersley, Jacqueline S.; Myers, Linda A.; Zhou, Jian - 2012

In this paper, we study a sample of companies that fail to remediate previously-disclosed material weaknesses (MWs) in their internal control systems and thus disclose the same MWs in two consecutive annual reports. Their failure to remediate is surprising given that regulators, credit rating...

Persistent link: https://www.econbiz.de/10014211375

Does Company Reputation Matter for Financial Reporting Quality? Evidence from Restatements

Cao, Ying; Myers, Linda A.; Omer, Thomas C. - 2011

In this study, we explore the association between company reputation and the likelihood of a financial statement restatement (i.e., a revealed misstatement). We focus on restatements because they are one of the most visible forms of impaired financial reporting quality, and we suggest that...

Persistent link: https://www.econbiz.de/10014211951

The Effect of Corporate Governance on Auditor-Client Realignments

Cassell, Cory A. - 2012

Events leading up to the implementation of the Sarbanes-Oxley Act of 2002 (SOX) increased the public's focus on corporate governance and increased regulatory scrutiny of corporate governance mechanisms. These events also contributed to a massive restructuring in the audit market which resulted...

Persistent link: https://www.econbiz.de/10012754830

Does Earnings Acceleration Convey Information?

Cao, Ying - 2011

Valuation theory, investment managers, financial analysts, and textbooks advocating horizontal financial statement analysis suggest that the change in earnings growth (earnings acceleration) conveys value relevant information. We test this assertion using a large sample of U.S. firms. Results...

Persistent link: https://www.econbiz.de/10012756646

Book-Tax Conformity, Earnings Persistence and the Association Between Earnings and Future Cash Flows

Atwood, T. J. - 2010

Calls for eliminating differences between accounting earnings and taxable income in the U.S. have been debated extensively. Proponents of increased book-tax conformity argue that tax compliance will increase and earnings quality will improve. Opponents argue that earnings quality will decline....

Persistent link: https://www.econbiz.de/10012759304