Accounting Horizons最新文献

Can Standard Setters Improve Cash Flow Reporting of Capital Expenditures? 标准制定者能否改进资本支出的现金流报告？

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-06-01 DOI: 10.2308/horizons-2021-161

Mayer Chunzi Liang, Thomas J. Linsmeier

{"title":"Can Standard Setters Improve Cash Flow Reporting of Capital Expenditures?","authors":"Mayer Chunzi Liang, Thomas J. Linsmeier","doi":"10.2308/horizons-2021-161","DOIUrl":"https://doi.org/10.2308/horizons-2021-161","url":null,"abstract":"\u0000 We evaluate whether current capital expenditures (capex) reporting in the cash flows statement can be improved via disaggregation and/or reclassification of some capex as operating activities. FASB Concept Statement No. 5 suggests recurrence and risk as useful characteristics for determining disaggregation and classification in financial statements. Using a novel German dataset that provides disaggregated capex information, we examine whether these characteristics differ across capex components and provide evidence of up to five economically distinct components. These results support disaggregating capex into maintenance, expansion, rationalization, restructuring, and environmental components. Our findings, however, do not support reclassifying any capex component as operating activities, although evidence suggests capex and capex components are misclassified as investing activities. As a first step toward improving capex reporting guidance, our evidence suggests standard setters consider disaggregating and presenting capex components as supplemental information in the cash flow statement, the footnotes, or MD&A.\u0000 Data Availability: FactSet data are publicly available. The disaggregated capital expenditures data are available from the ifo Institute.\u0000 JEL Classifications: G31; M41; M48.","PeriodicalId":51419,"journal":{"name":"Accounting Horizons","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141401016","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Labor Costs of Implementing New Accounting Standards 实施新会计准则的人工成本

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-06-01 DOI: 10.2308/horizons-2023-066

Zhongwei Huang, L. Enache, Rucsandra Moldovan, Anup Srivastava

引用次数: 0

Patience is Key: The Time It Takes to See Benefits from Continuous Auditing 耐心是关键：从持续审计中获益所需的时间

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-06-01 DOI: 10.2308/horizons-2023-060

Marc Eulerich, B. Fligge, V. I. Lopez Kasper, David A. Wood

{"title":"Patience is Key: The Time It Takes to See Benefits from Continuous Auditing","authors":"Marc Eulerich, B. Fligge, V. I. Lopez Kasper, David A. Wood","doi":"10.2308/horizons-2023-060","DOIUrl":"https://doi.org/10.2308/horizons-2023-060","url":null,"abstract":"\u0000 Despite research showing numerous benefits of continuous auditing, uptake by internal audit functions has been quite slow. Using a case study approach and field data from a multinational company, we study two possible reasons for the slow uptake of continuous auditing: (1) the time it takes for continuous auditing to result in measurable reductions in audit risks and (2) that not every type of risk is equally likely to improve from continuous auditing. In our case company, it takes three years (on average) before observing significant risk reductions from implementing continuous auditing. We also find that the benefits of implementing continuous auditing vary by risk factor, ranging from no improvement to 51.6 percent for each additional year of continuous auditing use. These findings can provide internal auditors with a realistic expectation of the benefits and limitations, as well as the timetable for realizing benefits, when adopting continuous auditing.\u0000 Data Availability: The data used in this study cannot be made publicly available due to confidentiality agreements with the participating organization.\u0000 JEL Classifications: M42; G32.","PeriodicalId":51419,"journal":{"name":"Accounting Horizons","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2024-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141408490","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Risk of Technology Dominance in Using Digital Decision Aids in Assurance Engagements—Evidence from a Survey among Danish Auditors 在鉴证业务中使用数字决策辅助工具的技术主导风险--来自丹麦审计师调查的证据

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-05-01 DOI: 10.2308/horizons-2023-070

Dennis van Liempd, Jochen C. Theis, Steve G. Sutton

{"title":"The Risk of Technology Dominance in Using Digital Decision Aids in Assurance Engagements—Evidence from a Survey among Danish Auditors","authors":"Dennis van Liempd, Jochen C. Theis, Steve G. Sutton","doi":"10.2308/horizons-2023-070","DOIUrl":"https://doi.org/10.2308/horizons-2023-070","url":null,"abstract":"\u0000 Accounting firms continue to develop digital decision aids (DDAs) that reinforce consistent use of firms’ audit methodology and provide assurance for meeting regulator expectations. Firms actively promote use and reliance on DDAs, but relying on such systems risks over-reliance, impacting decision quality and heightening technology dominance. Surveying 725 Danish auditors, we sought to determine the level of reliance practicing auditors have on DDAs and understand how auditors experience these potentially deleterious effects in the field. Results show auditors rely more on DDAs when auditors are inexperienced, task complexity is high, there is familiarity with the DDA, and/or there is cognitive congruence. Junior auditors rely significantly more on DDAs than senior auditors, whereas auditors indicating low usage rely significantly less on DDAs. Overall, senior auditors and auditors not heavily using DDAs have deskilling concerns and are less positive on junior auditors’ as well as the profession’s skill development when using DDAs.\u0000 JEL Classifications: M15; M41; M42.","PeriodicalId":51419,"journal":{"name":"Accounting Horizons","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2024-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141134136","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Gordon Peter Wilson (1946–2020): Teacher, Mentor, Scholar, and Friend 戈登-彼得-威尔逊（1946-2020）：教师、导师、学者和朋友

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-04-01 DOI: 10.2308/horizons-2024-037

Stephen Moehrle, Martin E. Persson

引用次数: 0

Leveraging Emerging Cybersecurity Reporting Regulations: The Effect of Industry Driven Expectations for Voluntary Assurance 利用新兴网络安全报告法规：行业驱动的自愿保证预期的影响

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-04-01 DOI: 10.2308/horizons-2023-088

Patricia Navarro, Steve G. Sutton

{"title":"Leveraging Emerging Cybersecurity Reporting Regulations: The Effect of Industry Driven Expectations for Voluntary Assurance","authors":"Patricia Navarro, Steve G. Sutton","doi":"10.2308/horizons-2023-088","DOIUrl":"https://doi.org/10.2308/horizons-2023-088","url":null,"abstract":"\u0000 As the associated costs, business impacts, and high variability of cybersecurity disclosures capture the attention of regulators, we are witnessing a rapid emergence of proposals for new reporting requirements, such as recent SEC proposed disclosure guidelines and legislation being passed in both the EU and U.S. Within the context of cyber-breach disclosure, this study investigates how voluntary assurance provided by professional accounting firms affects nonprofessional investors’ judgments and decisions after the disclosure of a cybersecurity breach—an inevitable event. The study also examines how value relevance of voluntary assurance is altered when having such assurance is expected/unexpected given the company’s industry. We find expectancy violations, based on industry norms and investors’ perceived benefits of voluntary assurance, significantly influence investors’ judgments. This study begins to address questions on whether demand exists for voluntary assurance provided by professional accounting firms, particularly given lingering concerns over the viability of new forms of assurance.\u0000 Data Availability: Data are available from the authors upon request.\u0000 JEL Classifications: M41; M42; O31; O33.","PeriodicalId":51419,"journal":{"name":"Accounting Horizons","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140786644","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Government Assistance: A Growing, Underdisclosed Financing Source 政府援助：一个不断增长但未被充分披露的资金来源

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-03-01 DOI: 10.2308/horizons-2020-098

Ryan V. Hess, Lillian F. Mills

引用次数: 0

Critical Audit Matters: Recurring, Nonrecurring, and Intermittent 关键审计事项：经常性、非经常性和间歇性

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-03-01 DOI: 10.2308/horizons-2022-188

Brooke D. Beyer, Binod Guragai, Eric T. Rapley

{"title":"Critical Audit Matters: Recurring, Nonrecurring, and Intermittent","authors":"Brooke D. Beyer, Binod Guragai, Eric T. Rapley","doi":"10.2308/horizons-2022-188","DOIUrl":"https://doi.org/10.2308/horizons-2022-188","url":null,"abstract":"\u0000 The Public Company Accounting Oversight Board (PCAOB) Auditing Standard (AS) 3101 requires auditor’s reports to include the communication of critical audit matters (CAMs). This study investigates the recurrence of CAM topics following the standard’s implementation to determine which CAM topics could be considered recurring, nonrecurring, and intermittent. We provide descriptive evidence that the average number of CAMs reported by auditors decreased over the first three years and then show occurrence patterns for CAM topics during our sample period (June 2019 to June 2022). Using the occurrence rates and the PCAOB’s descriptions in the CAM implementation guidance, we propose a method for classifying CAM topics as recurring, nonrecurring, and intermittent. Based on our proposed CAM topic recurrence categorization, we find that approximately 68 percent of auditor’s reports include at least one recurring CAM topic. Our findings should help practitioners and other financial reporting stakeholders refine expectations for the recurrence of CAMs.\u0000 Data Availability: Data are available from the public sources cited in the text.\u0000 JEL Classifications: M42; M48.","PeriodicalId":51419,"journal":{"name":"Accounting Horizons","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140403296","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do Client Managers Strategically Manage Earnings in Response to Auditors’ Quantitative Materiality Threshold Disclosures? 客户经理是否会根据审计师披露的量化重要性阈值对收益进行战略性管理？

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-03-01 DOI: 10.2308/horizons-2019-520

Patricia Wellmeyer, Morton Pincus, Lijie Yao

{"title":"Do Client Managers Strategically Manage Earnings in Response to Auditors’ Quantitative Materiality Threshold Disclosures?","authors":"Patricia Wellmeyer, Morton Pincus, Lijie Yao","doi":"10.2308/horizons-2019-520","DOIUrl":"https://doi.org/10.2308/horizons-2019-520","url":null,"abstract":"\u0000 Expanded audit report regulation in the United Kingdom requires auditor disclosure of client-specific quantitative materiality thresholds (QMTs). The United States decided against requiring this disclosure, concerned that providing clients with visibility into this important audit input could enhance managers’ ability to manage earnings without detection. Using the U.K. setting, we investigate whether clients strategically leverage their auditors’ QMTs to increase income through undetected earnings management. We examine the association between auditor QMT and client earnings management generally and in client settings where a material qualitative factor in the form of heightened earnings management incentives exists. In our general setting, we find a positive relation between auditors’ lagged and current QMTs and clients’ current-year accruals-based earnings management. We do not find a relation in our heightened earnings management settings, however, suggesting that auditors consider qualitative materiality factors and constrain clients’ auditor QMT-based earnings management.\u0000 Data Availability: Data are available from the public sources cited in the text.\u0000 JEL Classifications: M41; M42; M48.","PeriodicalId":51419,"journal":{"name":"Accounting Horizons","volume":null,"pages":null},"PeriodicalIF":2.5,"publicationDate":"2024-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140268232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Analyst/Investor Days and Firms’ Information Environments 分析师/投资者日与公司的信息环境

IF 2.5 4区管理学

Accounting Horizons Pub Date : 2024-03-01 DOI: 10.2308/horizons-2023-106

Min Park

引用次数: 0