Did the FASB Codification Reduce the Complexity of Applying U.S. GAAP?

IF 4.9 2区管理学 Q1 BUSINESS, FINANCE

Journal of Accounting Research Pub Date : 2023-03-27 DOI:10.1111/1475-679X.12480

Oliver Binz, Robert Hills, Matthew Kubic

引用次数: 0

Abstract

We examine whether the Financial Accounting Standards Board (FASB) Codification made it easier for preparers and auditors to locate relevant accounting guidance. We find that areas of U.S. GAAP with more dispersed and voluminous guidance before the Codification experience a larger post-Codification reduction in restatements. We find a similar decline in SEC comment letter questions referencing areas of U.S. GAAP with more dispersed and voluminous pre-Codification guidance. Our results suggest that before the Codification, preparers and auditors had difficulty in locating the appropriate accounting guidance and that the Codification mitigated this difficulty.

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FASB法典化是否降低了应用美国公认会计准则的复杂性？

我们研究了财务会计准则委员会（FASB）的编纂是否使编制者和审计师更容易找到相关的会计指南。我们发现，在法典编纂之前，美国公认会计原则中指导更分散、内容更丰富的领域在法典编纂后的重述减少幅度更大。我们发现，美国证券交易委员会关于美国公认会计原则领域的评论信问题也出现了类似的下降，这些领域的法典编纂前指南更加分散和丰富。我们的研究结果表明，在编纂之前，编制人和审计师很难找到适当的会计指南，编纂减轻了这一困难。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Accounting Research BUSINESS, FINANCE-

CiteScore

7.80

自引率

6.80%

发文量

期刊介绍： The Journal of Accounting Research is a general-interest accounting journal. It publishes original research in all areas of accounting and related fields that utilizes tools from basic disciplines such as economics, statistics, psychology, and sociology. This research typically uses analytical, empirical archival, experimental, and field study methods and addresses economic questions, external and internal, in accounting, auditing, disclosure, financial reporting, taxation, and information as well as related fields such as corporate finance, investments, capital markets, law, contracting, and information economics.