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The Effect of Increased Audit Disclosure on Managers’ Real Operating Decisions : Evidence from Disclosing Critical Audit Matters

Bentley, Jeremiah W. - 2020

We investigate whether and how a “critical audit matter” (CAM) disclosure affects managers' real operating decisions in two contexts (issuing a loan that decreases versus increases the average risk profile of loan portfolios, or choosing to hedge versus speculate on commodity risk). We...

Persistent link: https://www.econbiz.de/10012854046

Auditor Dismissals : What Does Timing Reveal that Disclosures Do Not?

Burks, Jeffrey J. - 2020

Motivated by the ambiguity of auditor dismissals and dismissal disclosures, this study informs about an alternative signal – the timing of the dismissal – for inferring the causes and implications of dismissals. Dividing the reporting year into four periods when dismissals can occur, we find...

Persistent link: https://www.econbiz.de/10012854195

Market Microstructure Effects of U.S.-Canada Differences Relating to Reserve-Based Accounting Disclosures

Boone, Jeff P. - 2014

High disclosure standards are perceived to be the cornerstone of the U.S. securities markets. However. the Securities and Exchange Commission (SEC) prohibits the quantification of unproved reserves by U.S. oil and gas firms (based on the argument that it would mislead unsophisticated individual...

Persistent link: https://www.econbiz.de/10013048340

Reporting regulation and corporate innovation

Breuer, Matthias; Leuz, Christian; Vanhaverbeke, Steven - 2021

We investigate the impact of reporting regulation on corporate innovation. Exploiting thresholds in Europe's regulation and a major enforcement reform in Germany, we find that forcing firms to publicly disclose their financial statements discourages innovative activities. Our evidence suggests...

Persistent link: https://www.econbiz.de/10012704999

The Effect of Key Audit Matters and Uncertainty Disclosures on Auditors’ Accountability Perceptions and Fair Value Decisions

Ma, Jin; Coram, Paul; Troshani, Indrit - 2021

We investigate how the mandated disclosure of Key Audit Matters (KAMs) and management disclosures in the financial statement footnotes affect auditors’ perceptions of their accountability and their subsequent fair value decisions. We find a substitution effect between KAMs disclosures and...

Persistent link: https://www.econbiz.de/10013216573

Ownership Concentration and Corporate Disclosure in Bangladesh

Rahman, Mizanur - 2015

This paper shows that non-compliance with the mandatory disclosure requirements is pervasive in Bangladesh. This is contrasted with the observation that audit opinion is often unqualified. Given that accounting standards and disclosure rules are weakly enforceable, corporate disclosure practice...

Persistent link: https://www.econbiz.de/10013033626

The Relative Influences of Changes in Officers and Auditors on Annual Report Textual Disclosures

Czerney, Keith - 2020

We use changes in firm officers and external auditors to examine the relative influences of these parties on annual report textual disclosures. Using a sample of public companies that file XBRL-tagged financial statements with the SEC between 2011 and 2018, we find that changes in chief...

Persistent link: https://www.econbiz.de/10012849471

Comparing Auditors’ and Users’ Materiality Judgments for ESG and Traditional Financial Disclosures : The Roles of Disclosure Form, Valence, and Assurance Level

Doxey, Marcus; Sealy, Chez - 2023

As corporate ESG disclosures continue to grow in prominence and regulators begin to require attestation over ESG information, understanding the factors that influence ESG materiality assessments can help auditors provide more effective assurance over ESG information. We use an experiment to...

Persistent link: https://www.econbiz.de/10014264283

Accounting for Financial Instruments under IFRS 9 – First-Time Application Effects on European Banks’ Balance Sheets

Loew, Edgar - 2019

IFRS 9 was introduced by the IASB in 2014 and became mandatory for fiscal years starting in 2018. It bears fundamental … measurement, impairment and loan loss provision. As bank balance sheets consists of financial instruments by more than 95 per cent …, the application of the new standard was expected to bear major impacts on the bank´s balance sheets. This working paper …

Persistent link: https://www.econbiz.de/10012861972

Accounting for financial stability : lessons from the financial crisis and future challenges

Bischof, Jannis; Laux, Christian; Leuz, Christian - 2018

reporting discretion and enforcement deserve careful consideration. In addition, bank regulation through its interlinkage with …

Persistent link: https://www.econbiz.de/10012011324