they punish noncompliance only if an internal control weakness enabled accounting manipulation. In other words, enforcement … internal control standard and an intermediate penalty that is only levied in the event of accounting manipulation. Overall, we …

We experimentally explore how common knowledge provided by accounting systems affects investors' decision and shapes … the formation of security prices over time. We design alternative accounting structures and run experiments in artificial … security markets framed by these structures. In sessions where investors receive exogenous accounting information about …

We study firms' investment in internal control to reduce accounting manipulation. We first show the peer pressure for …

Politicians frequently intervene in the regulation of financial accounting. Evidence from the accounting literature … shows that regulatory capture by special interests helps explain these interventions. However, many accounting rules have … perception of these consequences varies with a politician's ideology. Therefore, if accounting rules produce those consequences …

Uniformity, the use of a common accounting measurement, is an essential feature of financial reporting, yet its … desirability has long been debated. We study a model in which firms decide whether to adopt either their local accounting methods … necessarily ensuing outcome of uniformity that renders accounting reports more informative about productivity differences among …

Politicians frequently intervene in the regulation of financial accounting. Evidence from the accounting literature … shows that regulatory capture by special interests helps explain these interventions. However, many accounting rules have … perception of these consequences varies with a politician's ideology. Therefore, if accounting rules produce those consequences …

The report explains why accounting is not a purely mechanical activity, but is affected by the incentives of those … involved in the accounting process and by surrounding institutions, which help shape incentives and facilitate and constrain … institutional changes involved in globalisation and how they affect accounting, and reports some of the key findings of research on …