Our study assesses whether SFAS No. 131 improved disclosure about the diversity of multiple segment firms' operations. We find a post-SFAS No. 131 increase in cross-segment variability of segment profits, an increase in the association between reported and inherent cross-segment variability, and...

Users alleged that, under SFAS No. 14, many large and complex firms 'under-reported' their segments. A primary reason offered to justify this behavior was managers' desire to avoid competitive harm that supposedly would arise from disclosing sensitive segment profits to competitors, customers...

This study investigates client choice of industry specialist auditors from among the Big N (Big 4 or 5) in an international (non-U.S.) setting. We investigate client-specific, industry-level and country-level factors hypothesized to enhance or decrease Big N clients' demand for industry...

The AICPA SEC Practice Section notification rule requires a member firm to notify its former client and the Chief Accountant of the SEC in writing within five business days of the date it determines the client-auditor relationship has ended. The rule is unique because it was developed and is...