Research in Accounting Regulation最新文献

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Compliance with accounting standards by financial Institutions: Some evidence from Bangladesh 金融机构遵守会计准则:来自孟加拉国的一些证据
Research in Accounting Regulation Pub Date : 2017-10-01 DOI: 10.1016/j.racreg.2017.09.006
Majidul Islam , Ashrafee Tanvir Hossain
{"title":"Compliance with accounting standards by financial Institutions: Some evidence from Bangladesh","authors":"Majidul Islam ,&nbsp;Ashrafee Tanvir Hossain","doi":"10.1016/j.racreg.2017.09.006","DOIUrl":"10.1016/j.racreg.2017.09.006","url":null,"abstract":"<div><p>As Bangladesh is going through socio-economic and political changes, this paper investigates the disclosures required by ‘Bangladesh Accounting Standards’ or ‘International Financial Reporting Standards’, as adopted/adapted in Bangladesh and whether affiliation with Big-4 accounting firms leads to better compliance with disclosure requirements. We analyze the financial statements of 26 banks on liquidity, concentrations of assets, liabilities and off-balance-sheet items, related-party transactions, and unconsolidated entities. Our results indicate that banks are not ensuring essential compliance with all disclosure items in national standards. Banks audited by Big-4 affiliates display better compliance in financial statements than those audited by non-affiliates, with some exceptions. Our research provided evidence that, in contrast to general understanding and expectation, Big-4 associates in developing country may not absolutely outperform local firms. We also find systematic non-compliance with provisions of standards that would be useful for inferring group membership despite compliance with other disclosure provisions.</p></div>","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"29 2","pages":"Pages 145-151"},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.racreg.2017.09.006","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79799578","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Research in Accounting Regulation Pub Date : 2017-10-01 DOI: 10.1016/j.racreg.2017.09.013
Gregory A. Jonas
{"title":"","authors":"Gregory A. Jonas","doi":"10.1016/j.racreg.2017.09.013","DOIUrl":"10.1016/j.racreg.2017.09.013","url":null,"abstract":"","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"29 2","pages":"Pages 180-181"},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.racreg.2017.09.013","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86053499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Evolution of corporate reporting: From stand-alone corporate social responsibility reporting to integrated reporting 企业社会责任报告的演变:从独立的企业社会责任报告到综合报告
Research in Accounting Regulation Pub Date : 2017-10-01 DOI: 10.1016/j.racreg.2017.09.010
Kathleen Hertz Rupley, Darrell Brown, Scott Marshall
{"title":"Evolution of corporate reporting: From stand-alone corporate social responsibility reporting to integrated reporting","authors":"Kathleen Hertz Rupley,&nbsp;Darrell Brown,&nbsp;Scott Marshall","doi":"10.1016/j.racreg.2017.09.010","DOIUrl":"10.1016/j.racreg.2017.09.010","url":null,"abstract":"<div><p>Both financial and corporate social responsibility (CSR) reporting are bound by global constraints. A common trait among the reporting systems is a growing movement toward comparability and accountability. Global pressures initially motivated the push toward stand-alone CSR reporting and now toward integrated reporting. Integrated reports (IR) include financial, economic, governance, and social information in one report. In the United States, integrated reporting is voluntary and only a small number of companies have issued IRs to date. This report provides a history of CSR reporting and then examines whether the <em>non-financial</em> economic, governance and social indicators identified in prior literature as being of interest to retail investors (Cohen et al. 2011) are disclosed in the pioneering U.S. IRs. Descriptive results indicate the initial IRs cover predominately indicators of economic and social performance with little focus on governance. Further analysis indicates that the IRs examined do not, as a rule, provide the information most highly desired by investors (i.e. market share, executive compensation, and product safety). This study provides a baseline for companies preparing IRs and for regulators (i.e. SEC, FASB) in the context of determining future disclosure regulations.</p></div>","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"29 2","pages":"Pages 172-176"},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.racreg.2017.09.010","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126771269","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 63
Audit quality across non-audit service fee benchmarks: Evidence from material weakness opinions 跨非审计服务收费基准的审计质量:来自重大缺陷意见的证据
Research in Accounting Regulation Pub Date : 2017-10-01 DOI: 10.1016/j.racreg.2017.09.001
Joseph Legoria , Gina Rosa , Jared S. Soileau
{"title":"Audit quality across non-audit service fee benchmarks: Evidence from material weakness opinions","authors":"Joseph Legoria ,&nbsp;Gina Rosa ,&nbsp;Jared S. Soileau","doi":"10.1016/j.racreg.2017.09.001","DOIUrl":"10.1016/j.racreg.2017.09.001","url":null,"abstract":"<div><p>Regulators have voiced concerns regarding the impact of auditor provided non-audit services (NAS) on auditor independence, and by extension, audit quality. This study considers whether the provision of various levels of (NAS) influences the auditor's propensity to issue material weakness opinions (MWO). The results indicate that audit clients that purchase zero NAS, and clients that purchase NAS less than Sarbanes-Oxley's benchmark of NAS fees less than 5% of total fees, are more likely to receive a MWO than clients with a NAS at higher levels.</p></div>","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"29 2","pages":"Pages 97-108"},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.racreg.2017.09.001","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85610409","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 6
Enhanced disclosure of other comprehensive income and increased usefulness of net income: The implications of Accounting Standards Update 2011–05 加强其他综合收益的披露和增加净收入的有用性:2011-05会计准则更新的影响
Research in Accounting Regulation Pub Date : 2017-10-01 DOI: 10.1016/j.racreg.2017.09.005
Linna Shi , Ping Wang , Nan Zhou
{"title":"Enhanced disclosure of other comprehensive income and increased usefulness of net income: The implications of Accounting Standards Update 2011–05","authors":"Linna Shi ,&nbsp;Ping Wang ,&nbsp;Nan Zhou","doi":"10.1016/j.racreg.2017.09.005","DOIUrl":"https://doi.org/10.1016/j.racreg.2017.09.005","url":null,"abstract":"<div><p>Accounting Standards Update (ASU) 2011–05 eliminates the option to present other comprehensive income (OCI) in the statement of changes in stockholders’ equity. This study empirically investigates whether this mandatory change of OCI presentation format achieves FASB's stated objective of improving the transparency of financial reporting. First, ASU 2011–05 is found to greatly reduce the continuity of OCI from one period to the next. As OCI items are transitory in nature, the increased OCI volatility makes firms’ inherent risk more transparent to investors. Second, ASU 2011–05 is found to significantly increase the ability of net income to influence stock prices. As OCI and net income are intertwined, the more salient presentation of OCI enables investors to better interpret earnings. Supporting FASB's position that OCI items need to be more prominently displayed, these findings suggest that the new standard improves transparency and usefulness of the reported OCI information.</p></div>","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"29 2","pages":"Pages 139-144"},"PeriodicalIF":0.0,"publicationDate":"2017-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.racreg.2017.09.005","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137408679","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Las Vegas – no fun once you know the odds 拉斯维加斯,一旦你知道了赔率就不好玩了
Research in Accounting Regulation Pub Date : 2017-04-01 DOI: 10.1016/j.racreg.2017.04.011
Jim Peterson
{"title":"Las Vegas – no fun once you know the odds","authors":"Jim Peterson","doi":"10.1016/j.racreg.2017.04.011","DOIUrl":"10.1016/j.racreg.2017.04.011","url":null,"abstract":"","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"29 1","pages":"Pages 90-91"},"PeriodicalIF":0.0,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.racreg.2017.04.011","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77716729","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Why municipalities fail: Implications for uncertainty disclosures 市政当局为何失败:对不确定性披露的影响
Research in Accounting Regulation Pub Date : 2017-04-01 DOI: 10.1016/J.RACREG.2017.04.001
Amanda W. Beck, M. Stone
{"title":"Why municipalities fail: Implications for uncertainty disclosures","authors":"Amanda W. Beck, M. Stone","doi":"10.1016/J.RACREG.2017.04.001","DOIUrl":"https://doi.org/10.1016/J.RACREG.2017.04.001","url":null,"abstract":"","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"8 1","pages":"1-9"},"PeriodicalIF":0.0,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78627927","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Learning from ecology: Financial reporting as a ‘commons’ 从生态学中学习:作为“公地”的财务报告
Research in Accounting Regulation Pub Date : 2017-04-01 DOI: 10.1016/j.racreg.2017.04.008
Thomas A. King
{"title":"Learning from ecology: Financial reporting as a ‘commons’","authors":"Thomas A. King","doi":"10.1016/j.racreg.2017.04.008","DOIUrl":"10.1016/j.racreg.2017.04.008","url":null,"abstract":"<div><p>This note explores how the financial reporting environment for listed companies is a common good put at risk by participants with incentives to extract benefits at the cost of the investing public. Disclosure of misleading financial information confers economic gain for a few but pollutes the environment and reduces its usefulness for all. After showing how a variant of the prisoner's dilemma may explain Enron-era scandals, the note discusses how U.S. government intervention was the only practical solution to repair damage to the financial reporting Commons. The implication of this note is that government involvement in financial reporting is here to stay.</p></div>","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"29 1","pages":"Pages 75-78"},"PeriodicalIF":0.0,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.racreg.2017.04.008","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87911346","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The curious case of Level 3 instruments 第三级仪器的奇怪案例
Research in Accounting Regulation Pub Date : 2017-04-01 DOI: 10.1016/j.racreg.2017.04.006
Robson Glasscock , David W. Harless , Jack Dorminey
{"title":"The curious case of Level 3 instruments","authors":"Robson Glasscock ,&nbsp;David W. Harless ,&nbsp;Jack Dorminey","doi":"10.1016/j.racreg.2017.04.006","DOIUrl":"10.1016/j.racreg.2017.04.006","url":null,"abstract":"<div><p>Standard setters and regulators face an ever-present concern over the discretionary influence firms have in financial reporting. For information to have enhanced relevance, some level of discretion in financial reporting is often necessary. Prior work suggests that firms may be opportunistic in exercising choice and influence where discretion is available to advantageously affect reported results. This study examines if aggressive firms take the opportunity afforded by the wide discretion in Level 3 valuations under the original Accounting Standards Codification (ASC) 820 standard to manipulate financial reporting. Minimal evidence is found to support an association between Level 3 valuations and other metrics reflecting earnings management. The findings may be driven by the high-level, and typically limited, disclosures that firms are required to make under the originally promulgated ASC 820. This primary finding suggests that FASB's move to increase the disclosures required under the standard was warranted.</p></div>","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"29 1","pages":"Pages 52-68"},"PeriodicalIF":0.0,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.racreg.2017.04.006","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80695916","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The role of federal regulation in state and local governments and the potential impact of new reforms: An assessment of the effectiveness of reporting, disclosure, and funding 联邦法规在州和地方政府中的作用以及新改革的潜在影响:对报告、披露和资金有效性的评估
Research in Accounting Regulation Pub Date : 2017-04-01 DOI: 10.1016/j.racreg.2017.04.003
Craig Foltin
{"title":"The role of federal regulation in state and local governments and the potential impact of new reforms: An assessment of the effectiveness of reporting, disclosure, and funding","authors":"Craig Foltin","doi":"10.1016/j.racreg.2017.04.003","DOIUrl":"10.1016/j.racreg.2017.04.003","url":null,"abstract":"<div><p>The state and local government accounting profession continues to contend with issues surrounding self-governance, funding for the profession's standard setting body, federal regulation and states' rights. Fiscal conditions, bankruptcies and struggling pension funds bring to question whether self-governance has been effective in the state and local government sector. Federal regulation has impacted the government accounting sector but to a much lesser extent than in the private sector. With new discussion by lawmakers in Washington regarding the appropriate levels of regulation, particularly surrounding the financial markets; more change could be on the horizon. This paper assesses the proper balance between self-governance and regulation in the government sector and how current considerations by policymakers could impact the profession.</p></div>","PeriodicalId":101074,"journal":{"name":"Research in Accounting Regulation","volume":"29 1","pages":"Pages 19-29"},"PeriodicalIF":0.0,"publicationDate":"2017-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1016/j.racreg.2017.04.003","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79675511","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
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