ABSTRACT In this study, we examine whether auditor style is related to financial reporting similarity. Based on the count of accounting items disclosed in eXtensible Business Reporting Language (XBRL) 10-K filings, define similarity terms number similar line reported by a pair firms and develop measure pairwise Consistent with literature (e.g., Francis, Pinnuck, Watanabe 2014), show that share same have more similarities their statements. We find robust results using alternative metrics...

Based on a quadratic form of audit tenure in explaining quality, we estimate reference point that is potentially optimal for firm rotation 22 countries across legal regimes with high versus low levels investor protection. We find our the protection regime longer than (24 years vs. 14 main measure). However, very few firms from sample would have been affected if there were requirement mandatory term, suggesting may not be necessary. In additional analyses, only evaluate empirical validity but...

Purpose In response to recent concerns on earnings quality and a firm's fundamental performance, the purpose of this paper is re‐examine salient questions under accrual accounting: how affects role operating cash flows in valuation. Design/methodology/approach Using large sample ranging from 1989 2008, authors contrast effects three representative accrual‐based measures association between earnings, abnormal stock returns. Findings univariate analysis it was found that explain returns...

ABSTRACT Information technology (IT) can be harnessed to improve the efficiency of production financial reports and audits these reports. Using firm-level IT data U.S. companies, we show that intensity, measured as assets scaled by total assets, is negatively related both earnings report lag audit lag. Further, find this negative relation stronger for firms in industries are likely have an automate or informate strategic role IT. We do not any evidence suggesting intensity reduces gap...

ABSTRACT This paper investigates whether the use of extended tags in eXtensible Business Reporting Language (XBRL) filings is associated with financial analysts' forecast error and dispersion. The SEC allows firms to create customize their XBRL reflect firm-specific disclosures. However, customized may inhibit information search reduce usefulness data. Since driven by firm's reporting environment, an instrumental variables technique employed control for endogeneity. results show that more...

Abstract This study investigates how company secretaries (CS) influence board practices and financial reporting. All public companies have a secretary this position may be combined with Chief Financial Officer (CFO) or legal counsel. Examining the period 2004–2015, we find that joint CS/CFOs hold more audit committee meetings, are associated less earnings management greater likelihood of clean opinion. Companies CS/legal counsels timely filers multiple schedule fewer meetings. These results...

ABSTRACT We develop a measure of disclosure quality using disaggregation financial statement items from the Form 10-K XBRL filing. Our (ITEMS) extends Chen, Miao, and Shevlin’s (2015)DQ is distinct R. Hoitash U. Hoitash’s (2018)ARC measure. provides simple by counting balance sheet income line items, it does not depend on data aggregators’ collection process readily available shortly after filed. validate ITEMS showing that firm fundamentals correlate to in predicted direction OLS...

SYNOPSIS Auditing financial derivatives is complex and contentious. Our study examines the impact of derivative use on risk premium charged by auditors bank-holding companies (BHCs). We find that audit fees are higher regardless whether instruments used for hedging trading. This implies charge BHCs a to compensate additional related these instruments. also trading tend have than derivatives. results suggest price risks derivatives, perceived be Data Availability: All data available from...

Coastal wetlands face threats from climate change-induced flooding and biological invasions. Plants respond to these stressors through changes in their phytochemical metabolome, but it is unclear whether affecting one tissue compartment (e.g., leaves) create vulnerabilities others roots) or elicit similar responses across tissues. Additionally, multiple simultaneous remain poorly understood due the focus on individual metabolites past studies. This study aims elucidate how metabolome of three

Abstract The growth in the use of financial derivatives for a variety purposes has caused increased complexity derivative reporting standards. As such, statement users have asked Financial Accounting Standards Board to update guidance increase transparency while preparers seek clearer on application standards and broadened scope hedge accounting. most recent accounting update, ASU 2017‐12 (Topic 815), broadens instruments that qualify accounting, expands allowable techniques, reduces...

Journal Article The Monetary Theories of Berkeley Get access Joseph Johnston Dublin Search for other works by this author on: Oxford Academic Google Scholar Economic Journal, Volume 48, Issue Supplement_1, 1 February 1938, Pages 21–24, https://doi.org/10.1093/ej/48.Supplement_1.21 Published: 01 1938

Abstract We examine the temporal change in value relevance of analysts' forecasts relative to accounting information over a 42‐year period. The is measured using explained variation ( R 2 ) from cross‐sectional regressions security prices and returns on metrics, specifically earnings book value, alone jointly with other proxied by sample 102,875 U.S. firm‐year observations. Prior research suggests that has declined time. If investors are relying metrics than financial we would expect...

Abstract The Mississippi River Delta (MRD) is one of the largest wetlands in world and experiencing widespread dieback its most prevalent plant species, Phragmites australis. potential for revegetation sites was assessed by planting three genetically distinct lineages P. australis at nine MRD that varied water depth. These include Delta, MRD, EU, a highly invasive lineage, Gulf, common lineage Gulf Coast southern United States. Four additional wetland species were planted subset these sites....

Goodwill impairment involves subjective estimations and a high degree of managerial discretion. However, it remains unclear whether CEOs or CFOs have more influence on goodwill valuation. We address the question by investigating relation between executives’ equity incentives impairments. find that firms with higher CEO CFO report lower annual Interestingly, negative is stronger for incentives. Further, we conjecture relative impairments differs in setting involving executive turnovers....