Purpose – International Financial Reporting Standards (IFRS) has been criticized for its potential for diverse interpretation. This study examines whether auditors make similar decisions (consensus) on ambiguous accounting transactions.Design/methodology/approach – This paper conducts an...

The introduction of IFRS brings considerable change in the presentation format of financial statements. This study investigates the effects of financial-statement presentation format and footnote disclosures on the judgments and decisions of information users with different knowledge levels. We...

Korean market regulator designates external auditors for certain companies that have strong incentives to manage their earnings or that require strict external audits (the auditor designation system, ADS). The ADS offers an interesting research setting for examining the effects of transferring...

We examine whether the personal attribute of ethics and an external economic incentive in the form of a standard tax preparation fee can mitigate tax preparers’ aggressive tax reporting behavior. Based on the results of a quasi-experiment involving tax preparers in Korea, we find that ethical...