Research in Accounting Regulation, Volume 20 (Research in Accounting Regulation)

Front cover......Page 1
Research in Accounting Regulation......Page 4
Copyright page......Page 5
Contents......Page 6
Editorial Board......Page 10
List of Contributors......Page 12
Invited Referees......Page 16
Part I: Main Papers......Page 18
Revised pension rules and the cost of debt......Page 20
Introduction......Page 21
Background......Page 23
Data......Page 24
Regression results......Page 31
Notes......Page 35
References......Page 36
Appendix A. Sample pension footnote......Page 38
Appendix B. Models and variables......Page 40
An examination of comment letters to the IASC: Special purpose entities......Page 44
1. Introduction......Page 45
2. The development of international accounting standards for SPEs......Page 46
3. Previous literature and research questions......Page 48
4. Methodology......Page 50
5. Analysis and discussion......Page 51
6. Summary......Page 59
Acknowledgments......Page 60
References......Page 61
Demographic challenges facing the CPA profession......Page 64
The CPA profession......Page 65
Professional population......Page 66
Professional activities reported by CPAs......Page 70
Gender makeup of the profession......Page 72
Summary......Page 76
Notes......Page 77
References......Page 78
The effect of tax refunds on taxpayers’ willingness to pay higher tax return preparation fees......Page 80
1. Introduction......Page 81
2. Historical perspectives on tax refunds......Page 83
3. Relevant prior literature......Page 84
4. Hypotheses development......Page 87
5. Experiment......Page 91
6. Results......Page 94
7. Summary and regulatory recommendation......Page 99
Notes......Page 100
Acknowledgments......Page 101
References......Page 102
Appendix. Content of taxpayer response forms......Page 104
Deregulation and voluntary disclosure by the airlines: A case study......Page 106
Introduction......Page 107
Background: airline deregulation......Page 108
Voluntary disclosure and regulation......Page 109
FAF data......Page 110
Results......Page 111
Conclusion......Page 116
Notes......Page 117
References......Page 118
Audit pricing and internal control disclosures among non-accelerated filers......Page 120
1. Introduction......Page 121
2. Background and development of research questions......Page 123
3. Sample selection and research design......Page 126
4. Results......Page 130
5. Conclusions and limitations......Page 136
Notes......Page 139
Acknowledgments......Page 140
References......Page 141
Appendix. Descriptive statistics on 2004 audit fees by auditor type and auditor switches......Page 143
Impact of environmental regulation on financial reporting of pollution activity: A comparative study of U.S. and Canadian firms......Page 144
Introduction......Page 145
Motivation......Page 146
Literature review......Page 151
Research methodology......Page 153
Empirical results......Page 159
Summary and conclusions......Page 166
Limitations and future research......Page 167
References......Page 168
An examination of supplemental disclosure requirements for development stage enterprises......Page 172
1. Introduction......Page 173
2. Historical background and research question......Page 174
3. Empirical model......Page 178
4. Sample selection and data......Page 179
5. Results......Page 181
Notes......Page 186
References......Page 187
Appendix. Model derivation......Page 189
Part II: Research Reports......Page 192
1. Introduction......Page 194
2. Research questions......Page 195
3. Research method......Page 197
4. Results......Page 198
Notes......Page 200
References......Page 201
Financial Reporting after the Sarbanes-Oxley Act: Conservative or Less Earnings Management?......Page 204
1. Introduction......Page 205
2. Background and hypotheses......Page 206
4. Results......Page 207
Notes......Page 208
References......Page 209
Regulatory change and the quality of compliance to mandatory disclosure requirements: Evidence from Bangladesh......Page 210
1. Introduction......Page 211
2. Major changes in the regulatory environment in Bangladesh: 1993-1997......Page 212
3. Data and methodology......Page 213
4. Empirical results......Page 216
5. Concluding remarks and policy implications......Page 218
References......Page 219
The impact of Sarbanes-Oxley act on cosmetic earnings management......Page 222
Literature review and development of hypothesis......Page 223
Sample and results......Page 225
Summary and conclusions......Page 227
Notes......Page 228
References......Page 229
Appendix. Benford’s law and test of deviations......Page 230
Part III: Feature......Page 234
Developments in accounting regulation: A synthesis and annotated bibliography of evidence and commentary in the academic literature (2005-2006)......Page 236
Introduction......Page 237
Assessing the need for reform of the current accounting model......Page 241
The impact of Sarbanes-Oxley......Page 244
Accounting conservatism......Page 248
Earnings management......Page 249
Earnings Management and Earnings Informativeness......Page 251
Regulation G......Page 252
Financial and other disclosures......Page 254
Segment Disclosures......Page 258
Financial reporting issues: specific transactions......Page 260
Financial experts and the audit committee......Page 281
References......Page 282
Part IV: Capsule Commentaries......Page 284
How regulation FD influences analysts’ forecast attributes for restructuring firms?......Page 286
References......Page 288
Accounting for financial instruments: A comparison of European companies’ practices with IAS 32 and IAS 39......Page 290
References......Page 291
Part V: Perspectives......Page 294
International financial reporting standards (IFRS) and the development of financial reporting standards in Turkey......Page 296
Introduction......Page 297
Development of international accounting standards......Page 298
The application of accounting standards in Turkey......Page 299
Important arrangements in the development process of accounting standards in Turkey......Page 300
Turkish accounting standards board (TASB)......Page 302
Other applications concerning accounting standards......Page 305
Conclusion......Page 306
References......Page 307
Appendix A. Turkish accounting standards (TAS) and Turkish financial reporting standards (TFRS) issued by Turkish accounting standards board (TMSK)......Page 308
Appendix B. Content of TFRS for SMEs, which are in the preparation process by TMSK (harmonized with draft of IFRs for SMEs)......Page 309
Appendix C. Accounting standards issued by capital market board (CMB)......Page 310
The independence concept revisited......Page 312
Part VI: Book Reviews......Page 320
Corporate Governance Post-Sarbanes-Oxley: Regulations, Requirements, and Integrated Processes......Page 322
The Firm as An Entity: Implications for Economics Accounting and the Law......Page 324
The World’s Newest Profession......Page 328
Reference......Page 330
More Than a Numbers Game: A Brief History of Accounting......Page 332