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When Firms Talk, Do Investors Listen? The Role of Trust in Stock Market Reactions to Corporate Earnings Announcements
(Elsevier, 2013)
We examine whether the level of trust in a country affects investors’ perception and utilization of information transmitted by firms through financial disclosure. Specifically, we investigate the effect of societal trust ...
Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the IAASB Proposal: Improving the Auditor's Report
(American Accounting Association, 2013)
Recently, the International Auditing and Assurance Standards Board (IAASB) solicited public comments on its proposal to improve the current format of the auditor's report under International Auditing Standards. This ...
Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on PCAOB Release No. 2013-002: Proposed Framework for Reorganization of PCAOB Auditing Standards and Related Amendments to PCAOB Auditing Standards and Rules
(American Accounting Association, 2013)
On March 26, 2013, the Public Company Accounting Oversight Board (PCAOB) solicited public comments on its exposure draft of the Proposed Framework for Reorganization of PCAOB Auditing Standards and Related Amendments to ...
Audit Quality: Insights from the Academic Literature
(SSRN, 2012)
This study presents a review of academic research on audit quality. We begin with a review of existing definitions of audit quality and describe general frameworks for establishing audit quality. Next, we summarize research ...
Information in Financial Statement Misstatements at the Engagement Partner Level: A Case for Engagement Partner Name Disclosure?
(SSRN, 2015)
Using data from Taiwan where engagement partner names are disclosed and misstatements of clients’ annual financial statements to proxy for audit quality, we examine whether audit quality at the engagement partner level ...
Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the COSO request for comments on Internal Control over External Financial Reporting: Compendium of Approaches and Examples
(American Accounting Association, 2013)
On September 18, 2012, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) solicited public comments on its exposure draft of the document entitled Internal Control over External Financial Reporting: ...
Managerial Decisions, Asset Liquidity, and Stock Liquidity
(SSRN, 2009)
We predict a positive relationship between the liquidity of the firm's assets and the liquidity of its stock. This relationship depends on market expectations regarding the deployment of the firm's liquid assets. Thus our ...
The Implications of Absorption Cost Accounting and Production Decisions for Future Firm Performance and Valuation
(Wiley, 2010)
We examine how inventory overproduction among high fixed costs firms affects these firms’ contemporaneous and future accounting performance, and how financial analysts and the stock market incorporate implications of these ...
Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on International Standard on Auditing (ISA) 720 (Revised), The Auditor's Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor's Report Thereon: Participating Committee Members and Other Contributors
(American Accounting Association, 2013)
On November 14, 2012, the International Auditing and Assurance Standards Board (IAASB) solicited public comments on its exposure draft of the document entitled International Standard on Auditing (ISA) 720 (Revised), The ...
Debtholders’ Demand for Conservatism: Evidence from Changes in Directors’ Fiduciary Duties
(Elsevier, 2014)
Debtholders’ demand has been widely discussed as a key determinant of conservatism but clear causal evidence is not yet established. Using a natural experiment setting, wherein a Delaware court ruled that the fiduciary ...