assessment of audit risk. The main result in this essay is consistent with this prediction, as auditors demand lower audit fees …’s commitment in providing disaggregated accounting information disciplines managers such that they provide more disaggregated … forward looking disclosures. As of 1998, SFAS 131 allows US firms to withhold audited profitability accounting information on …

This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global … experienced a sharper decline in investment activity following the onset of the crisis compared to firms with more conservative … debt raising activity and stock performance. The evidence suggests that accounting conservatism reduces underinvestment in …