Cornell, Robert M.; Magro, Anne M.; Warne, Rick C. - In: Journal of Applied Accounting Research 18 (2017) 3, pp. 317-340
literature on investor litigation and to the ongoing debate regarding principles- vs rules-based accounting standards. While some … litigate. By doing so, the authors add to the debate on the desirability of shifting from more rules-based to more principles … believe principles-based standards provide no more flexibility than rules-based standards, they can limit an increase in the …