The objective of this paper is to examine various determinants of compliance with IASs using a significantly larger and more random representative sample of 281 Egyptian listed annual reports. The analysis is extensive, including the use of relative total and partial indices. The multivariate...

Auditor-client negotiation about difficult client accounting issues involves both the auditor and the client. On the client side, the Chief Financial Officer (CFO) plays a central role in the financial reporting process, yet is rarely the focus of academic study. This paper reports how a sample...

By convention, the quality of an audit is understood to relate to the joint probability that its conduct results in the detection and reporting of material financial statement errors. Early research into this phenomenon suggested a positive relationship between audit firm size and audit quality....

This Article corrects widespread misconception about whether complex regulatory systems can be fairly described as either quot;rules-basedquot; or quot;principles-basedquot; (also called quot;standards-basedquot;). Promiscuous use of these labels has proliferated in the years since the implosion...

This paper examined the key issues related to the effects of introduction of fair value in a stakeholder-oriented accounting system. In particular, it discussed how the decision of the Italian policymaker to limit the distribution to shareholders of fair value gains is rooted on the importance...

The unexpected fall of Arthur Andersen is an extraordinary event. Though Arthur Andersen was initially convicted in 2002, subsequently, the Supreme Court unanimously threw out the conviction. Was the Department of Justice hasty in shutting down Arthur Andersen? Could the managers and the new...

We examine how a firm's decision to capitalize vs expense Ramp;D costs affects how the firm manages earnings with Ramp;D. We find that expensers engage in real earnings management, cutting Ramp;D expenditures to meet earnings benchmarks. Capitalizers, however, cut Ramp;D expense to meet...

Have there been any changes in the properties of accounting information of former Andersen clients following the auditor change? This study provides empirical evidence on whether earnings conservatism has increased for a sample of former Arthur Andersen clients who were forced to switch auditors...

In the post-Enron world, the spot light is on the auditors who face a higher risk of litigation. This study provides evidence on one strategy employed by auditors to mitigate litigation risk and rebuild their reputation by enhancing earnings conservatism of their clients. I examine the earnings...

This paper examines whether reported cash flows from operating, investing and financing activities coincide with corresponding cash flows estimated from firms' income statements and balance sheets. The findings obtained from a sample of listed Finnish firms for 1995-1997 are the following. (i)...