We provide evidence on the long standing concern on auditor conflicts of interest from providing non-audit services (NAS) to audit clients by using rarely explored NAS fee data from 1978-80. Using this earlier setting, we find cross-sectional evidence of improved earnings quality when auditors...

With the increased focus on corporate culture as an important determinant of organizational behavior and outcomes, we study how corporate culture affects firm financial reporting quality. Relying on the Competing Values Framework (CVF) to define four types of corporate culture, we find that...

U.S. corporations are obligated to file financial statements with the U.S. Securities and Exchange Commission (SEC). The SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system containing millions of financial statements is one of the most important sources of corporate...

"Big data" and "visual displays" are currently hot topics in accounting. We present a way of depicting weekly financial statement data in a user-friendly format, using the sparkline feature in Excel. By embedding sparklines in traditional income statements, balance sheets and cash flow...

The main purpose of this study is to identify the statistically significant differences between the Indian GAAP-based and IFRS-based financial statements of companies in terms of financial statement items through the calculated financial ratios. The analysis is based on the sample of 10 Indian...

In this paper, I examine the relation between disclosure commitment and cost of equity capital using accelerated earnings announcement disclosures as a measure of commitment. In settings characterized by imperfect market competition, I find that firms which consistently disclose balance sheet...

The Financial Accounting Standards Board (FASB) is currently evaluating proposed changes to the manner in which insurance companies account for, and currently capitalise, the costs of selling and initiating insurance contracts. Our study examines the potential effects of these proposed changes...

We gain unique insights into materiality judgments about accounting errors by examining SEC comment letter correspondence. We document that managers typically use multiple quantitative benchmarks in their materiality analyses, with earnings being the most common benchmark. In most of the cases...

Prior studies find that delayed earnings announcements tend to communicate unfavorable news, and investors react negatively when firms delay earnings announcements. However, these findings do not explain why investors discount delayed earnings, even after controlling for the earnings news, and...

This document describes the spreadsheets and the related textual narratives that we have developed for FSA and valuation. These spreadsheets and their related documents are available for free at http://www.godeohlson.com/. These spreadsheets can be used for two purposes: (1) teaching FSA and...