Using actual financial reporting executives (CFOs) as participants, we examine the effects of a CAM disclosure in a prior year on financial reporting decisions in a subsequent year. Standard setters believe that disclosing critical audit matters (CAMs) may influence management’s financial...

We exploit survey data from the Panel Study of Entrepreneurial Dynamics to investigate the roleof accounting in the likelihood that a small business more quickly achieves and maintains positiveoperating cash flow (profitability). We examine several potential aspects of accounting includingthe...

The Financial Reporting Policy Committee of the Financial Accounting and Reporting Section of the American Accounting Association responded to the SEC's July 13, 2007 proposal to accept financial statements prepared in accordance with International Financial Reporting Standards (IFRS) from...