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Information Content of Earnings Announcements Around IFRS Adoption and a Simultaneous Change in Press Release Disclosure in Italy
Kim, Pureum - 2019
Reporting Standards (IFRS) adoption on the information content of earnings announcements in Italy. To identify the effect of … this regulation, we use a treatment (i.e., Italy) and a benchmark sample of IFRS countries that vary in the adoption of the … releases. Our findings suggest that the inclusion of detailed IFRS financial statements in earnings announcements increased …
Persistent link: https://www.econbiz.de/10012903286
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Auditing the Auditors and Stock Crashes : International Evidence
Li, Qingyuan - 2019
We investigate the impact of the initiations of national audit inspection programs on firm-specific stock crash risk in 38 countries worldwide. The staggered commencement of the inspection regimes in different countries allows us to identify the causal effect of audit quality on crash risk. We...
Persistent link: https://www.econbiz.de/10012893425
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Client Stock Market Reaction to PCAOB Sanctions Against a Big Four Auditor
Dee, Carol Callaway - 2010
We examine client stock market reaction to news of PCAOB sanctions imposed upon Deloitte and Touche, LLP - the first against a Big 4 auditor. The PCAOB Order against Deloitte contains three potentially value relevant pieces of information. First, it shows that Deloitte did not conduct a quality...
Persistent link: https://www.econbiz.de/10013144115
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Corporate Governance and Stock Prices of Japanese Firms Adopting International Financial Reporting Standards : Early Evidence
Takeda, Fumiko; Watanabe, Takeshi - 2022
voluntary adoption of International Financial Reporting Standards (IFRS), and (2) market reactions to announcements of such an … adoption of IFRS. Prior studies suggest that the economic benefits of IFRS adoption are limited to countries with strong … enforcement of laws and regulations, generating concerns as to whether IFRS adoption would bring the intended benefits in Japan …
Persistent link: https://www.econbiz.de/10013491783
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Comparative Value Relevance Among German, U.S. And International Accounting Standards : A German Stock Market Perspective
Bartov, Eli; Goldberg, Stephen R.; Kim, Myungsun - 2010
In recent years, German companies report consolidated financial statements under German GAAP, U.S. GAAP, or International Accounting Standards (IAS). Market observers, researchers, and regulators have argued that financial statements prepared under the shareholder (or investor) model, such as...
Persistent link: https://www.econbiz.de/10014114525
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Nonprofessional Investors’ Reactions to the PCAOB's Proposed Changes to the Standard Audit Report
Carver, Brian Todd - 2017
As part of its efforts to improve the informational value of the standard audit report, the Public Company Accounting Oversight Board (PCAOB) proposed a new auditing standard that would require the auditor to report critical audit matters (CAMs) in the body of the audit report. The proposal met...
Persistent link: https://www.econbiz.de/10012961384
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How Do Audit Quality and Mandatory IFRS Adoption Affect Stock Price Crash Risk in Pakistan?
Waqas, Aon - 2022
This study examines the effects of audit quality and international financial reporting standers (IFRS) as mandatory … stock exchange from 2007 to 2019. This study considers audit quality and IFRS as dummy variables and calculates the stock … study finds that mandatory adoption of IFRS significantly reduces the stock price crash risk. This study additionally finds …
Persistent link: https://www.econbiz.de/10013491761
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Evolution in value relevance of accounting information
Barth, Mary E.; Li, Ken; McClure, Charles - 2018
We address how value relevance of accounting information evolved as the new economy developed. Prior research concludes accounting information—primarily earnings—has lost relevance. We consider more accounting amounts and find no decline in combined value relevance from 1962 to 2014. We...
Persistent link: https://www.econbiz.de/10011870279
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Investor Confidence in Earnings : The Interactive Effects of Internal Control Audits and Manager Legal Liability
Wu, Yi-Jing - 2011
An underlying objective of the Sarbanes-Oxley Act is to provide investors with reliable information, which presumably should increases investor confidence in financial disclosures. In part to achieve this goal, managers now have personal legal liability for internal control over financial...
Persistent link: https://www.econbiz.de/10013130563
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Audit Partner Specialization and Future Stock Price Crash Risk : Evidence from China
Habib, Ahsan - 2017
We investigate the association between audit partner industry specialization and future stock price crash risk. Although research on audit partners has been growing, we are not aware of any prior studies that investigate partner-level specialization and crash risk. Using a large sample of...
Persistent link: https://www.econbiz.de/10012954594