Information relevance advisory services offer growth opportunities for accountants in CPA firms, but we know little about the types of knowledge needed to provide high quality advice. In a two-stage experiment, accountants with different management and public accounting experience (that we...

The IAASB maintains that expert assurance practitioners are unable to quantify limited assurance achieved for nonfinancial information and presumes users can read practitioner-customized procedure descriptions to differentiate information reliability between “inconsequential” and “high.”...

As information advisors, Certified Public Accountants (CPAs) can be viewed as information quality assurers who independently improve the relevance of information for decision-makers. Relevance improvement advice may depend on the advisor's background as well as the problem information content of...

Accountants tend to overlook relevant principles and causal relationships that are commonly taught in education and experienced in practice. This raises the question: Do accountants apply what they know? This study relies on analogical reasoning research to develop and test predictions about the...

Comprehensive regulatory changes brought on by recent corporate governance reforms have broadly redefined and re-emphasized the roles and responsibilities of all the participants in a public company's financial reporting process. Most notably, these reforms have intensified scrutiny of corporate...

This paper uses a laboratory experiment to investigate the joint influence of accounting knowledge and decision context on the tendency of decision makers to ignore opportunity costs in resource allocation decisions. In the experiment, accounting knowledge was measured in two ways: discretely...

We examine the relation between managers' decisions whether to disclose climate-change risk (CCR) in Form 10-K and firm risk. Ambiguity about the materiality of CCR and the SEC's inconsistent enforcement of CCR disclosures cause uncertainty about whether disclosing CCR is mandatory or voluntary....

Managers are required to disclose material climate risk (CR) in Form 10-K, but their decision whether or not to disclose is confounded by the lack of consensus on whether CR is material to the firms, as well as uncertainty about enforcement of disclosure regulations. Using the SASB Materiality...