Purpose – This paper aims to examine the effect of audit partner tenure (PARTEN) on client managers' accounting discretion. Design/methodology/approach – The authors contend that, when a new audit partner is from the same audit firm as the outgoing audit partner (audit partner rotation),...

Purpose – This study aims to examine whether banks are compliant with the Financial Accounting Standards Board’s standard Accounting Standards Update (ASU) 2010-06 requiring disaggregated fair value hierarchy information. It also identifies institutional and firm-specific factors that are...

A number of U.S. studies have documented an optimistic bias in analysts’ forecasts of earnings. This study investigates whether the optimistic bias and asymmetric behavior of forecast errors found in most U.S. studies exists in Japan. We find that for firms reporting profits, Japanese...

Cover -- EDITORIAL ADVISORY BOARD -- Guest editorial -- The role of shell entities in fraud and other financial crimes -- Relevance of big data to forensic accounting practice and education -- Executive compensation and compensation risk: evidence from technology firms -- The impact of...