Changes in Discretionary Financial Reporting Behavior Following the Sarbanes-Oxley Act

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Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Changes in Discretionary Financial Reporting Behavior Following the Sarbanes-Oxley Act by : Gerald J. Lobo

Download or read book Changes in Discretionary Financial Reporting Behavior Following the Sarbanes-Oxley Act written by Gerald J. Lobo and published by . This book was released on 2009 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the effect of the Sarbanes-Oxley Act (SOX) on the extent of aggressive/conservative reporting behavior of public companies. SOX imposes considerably greater potential penalties on CEO/CFOs who engage in financial wrongdoing; therefore, risk averse managers are likely to report lower earnings by reducing discretionary accruals following SOX. Our results, based on a matched sample of dual-listed Canadian firms and their domestically-listed counterparts, indicate that (1) firms subject to SOX are more conservative in financial reporting in the post-SOX period as evidenced by lower signed discretionary accruals, the differential earnings persistence conditional conservatism measure, and the Penman and Zhang (2002) unconditional conservatism measure, and (2) the impact of SOX on firms' conservative reporting through discretionary accruals in the post-SOX period is not homogeneous; it is more pronounced for firms that were aggressive in the pre-SOX period.

Discretionary Financial Reporting

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Publisher :
ISBN 13 :
Total Pages : 192 pages
Book Rating : 4.:/5 (35 download)

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Book Synopsis Discretionary Financial Reporting by : Zvi Singer

Download or read book Discretionary Financial Reporting written by Zvi Singer and published by . This book was released on 2007 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Earnings Management and Corporate Finance

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Publisher : Taylor & Francis
ISBN 13 : 1040104150
Total Pages : 235 pages
Book Rating : 4.0/5 (41 download)

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Book Synopsis Earnings Management and Corporate Finance by : Joanna Lizińska

Download or read book Earnings Management and Corporate Finance written by Joanna Lizińska and published by Taylor & Francis. This book was released on 2024-07-01 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's dynamic landscape of accounting, corporate finance, and business management, earnings management has assumed paramount importance. Transparent and reliable accounting information is crucial for accurate corporate performance forecasting and financial decision-making. This book uniquely discusses practical earnings management methods within the accounting and taxation realms. It is supported by extensive international evidence linking informativeness of financial reports to companies’ financial decisions. Delving into the earnings management process, this book provides profound insights into how profits can be influenced through accounting choices and real business transactions. Real-life case studies will undoubtedly facilitate the understanding of accounting and taxation methods. Additionally, it unravels key elements of corporate finance puzzles related to the transparency of financial reports, including the macroeconomic environment, profit thresholds, cash management, audit quality, financing decisions, and financial health. With broad empirical evidence from various European countries, it multidimensionally explores the important link between the quality of information in financial statements and trade-offs behind financial decisions. The book serves as a valuable reference for international researchers in corporate finance, accounting, and corporate governance. It is also a powerful tool for business practitioners, including owners, lenders, auditors, regulatory and professional bodies, business partners, or other market participants. For those seeking the latest insights on earnings management, those producing or assessing accounting information, and those using financial reports in their research or business practice, this book is a must-read.

Discretionary Financial Reporting

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Publisher : ProQuest
ISBN 13 : 9780549209454
Total Pages : 86 pages
Book Rating : 4.2/5 (94 download)

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Book Synopsis Discretionary Financial Reporting by : Zvi Singer

Download or read book Discretionary Financial Reporting written by Zvi Singer and published by ProQuest. This book was released on 2000 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Discretionary Reporting of Noncontrolling Interests and Its Association with the Market Assessment of Credit Risk

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Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis The Discretionary Reporting of Noncontrolling Interests and Its Association with the Market Assessment of Credit Risk by : Bei Dong

Download or read book The Discretionary Reporting of Noncontrolling Interests and Its Association with the Market Assessment of Credit Risk written by Bei Dong and published by . This book was released on 2008 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Discretionary Disclosure in Financial Reporting

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Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (496 download)

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Book Synopsis Discretionary Disclosure in Financial Reporting by : Daniel A. Bens

Download or read book Discretionary Disclosure in Financial Reporting written by Daniel A. Bens and published by . This book was released on 2009 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Taxes and Financial Reporting

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Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (72 download)

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Book Synopsis Taxes and Financial Reporting by : Giampaolo Arachi

Download or read book Taxes and Financial Reporting written by Giampaolo Arachi and published by . This book was released on 2010 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Women Involved in the Financial Reporting Process and Financial Reporting Quality

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Women Involved in the Financial Reporting Process and Financial Reporting Quality by : Isabelle Allemand

Download or read book Women Involved in the Financial Reporting Process and Financial Reporting Quality written by Isabelle Allemand and published by . This book was released on 2017 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine how the presence of women involved in the financial reporting process of public companies, and especially the interactions between them (i.e. the simultaneous presence of a woman CFO, women sitting on the audit committee, and women auditors), impacts financial reporting quality. For our sample of large French companies, we find that women do not affect financial reporting quality when interactions are not considered. However, the interactions between women involved in the financial reporting are associated with lower discretionary accruals and higher C-scores (our measure of conservatism), as expected because women are generally more risk averse and have greater ethical sensitivity. Furthermore, our result holds only for non-family firms, which is also expected because there is a greater demand for earnings quality in such firms. In addition, it appears that woman CFOs play a key role in these interactions. Overall, our results support the idea that women affect positively financial reporting quality only if several women are involved at various stages of the financial reporting process and only in specific contexts (i.e. non-family firms). These new results should be of great interest for researchers, investors and regulators.

Financial Status, Corporate Governance Quality, and the Likelihood of Managers Using Discretionary Accruals

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Financial Status, Corporate Governance Quality, and the Likelihood of Managers Using Discretionary Accruals by : Sebahattin Demirkan

Download or read book Financial Status, Corporate Governance Quality, and the Likelihood of Managers Using Discretionary Accruals written by Sebahattin Demirkan and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate, using data on US manufacturing firms, how and when corporate governance affects managers' decisions to use discretionary accruals and thereby artificially influence company financial reports. We employ 3SLS to study the relationship between financial status, corporate governance and financial reporting discretion. The sample spans years 2001 to 2003 during a severe downturn in the US stock market. Financial status is measured with the Altman-Z score (Altman, 1968). A significant difference is found between firms not classified as healthy or failed (i.e., the mid-range group) and the two extreme categories when examining governance quotient using a well known index. A positive relationship is found between discretionary accruals and the governance index. Strong governance appears to reduce the incidence of mid-range firms engaging in accruals management. The least healthy and the most distressed companies have the weakest relationship with discretionary accruals. By contrast, mid-range firms are more likely to resort to discretionary accruals. Non-executive members of boards of directors are warned to be particularly vigilant about discretionary accruals with firms transitioning between healthy and high failure risk. The relationship between firms' financial health and discretionary accruals reveals an agency problem in credit markets with financially stressed firms. More attention is required on firms whose financial condition is uncertain. Also, we document significant findings of importance to the earnings quality and corporate governance literature by documenting the role of corporate governance on discretionary accruals and financial status.

Earnings Quality

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Publisher : Now Publishers Inc
ISBN 13 : 1601981147
Total Pages : 97 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Earnings Quality by : Jennifer Francis

Download or read book Earnings Quality written by Jennifer Francis and published by Now Publishers Inc. This book was released on 2008 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: This review lays out a research perspective on earnings quality. We provide an overview of alternative definitions and measures of earnings quality and a discussion of research design choices encountered in earnings quality research. Throughout, we focus on a capital markets setting, as opposed, for example, to a contracting or stewardship setting. Our reason for this choice stems from the view that the capital market uses of accounting information are fundamental, in the sense of providing a basis for other uses, such as stewardship. Because resource allocations are ex ante decisions while contracting/stewardship assessments are ex post evaluations of outcomes, evidence on whether, how and to what degree earnings quality influences capital market resource allocation decisions is fundamental to understanding why and how accounting matters to investors and others, including those charged with stewardship responsibilities. Demonstrating a link between earnings quality and, for example, the costs of equity and debt capital implies a basic economic role in capital allocation decisions for accounting information; this role has only recently been documented in the accounting literature. We focus on how the precision of financial information in capturing one or more underlying valuation-relevant constructs affects the assessment and use of that information by capital market participants. We emphasize that the choice of constructs to be measured is typically contextual. Our main focus is on the precision of earnings, which we view as a summary indicator of the overall quality of financial reporting. Our intent in discussing research that evaluates the capital market effects of earnings quality is both to stimulate further research in this area and to encourage research on related topics, including, for example, the role of earnings quality in contracting and stewardship.

Financial Reporting Discretion and Corporate Voluntary Disclosure

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Financial Reporting Discretion and Corporate Voluntary Disclosure by : Ron Kasznik

Download or read book Financial Reporting Discretion and Corporate Voluntary Disclosure written by Ron Kasznik and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Executive Compensation and Financial Accounting

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Publisher : Now Publishers Inc
ISBN 13 : 1601983425
Total Pages : 98 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Executive Compensation and Financial Accounting by : David Aboody

Download or read book Executive Compensation and Financial Accounting written by David Aboody and published by Now Publishers Inc. This book was released on 2010 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt: Executive Compensation and Financial Accounting provides research perspectives on the interface between financial reporting and disclosure policies and executive compensation. In particular, it focuses on two important dimensions: - the effects of compensation-based incentives on executives' financial accounting and disclosure choices, and - the role of financial reporting and income tax regulations in shaping executive compensation practices. Executive Compensation and Financial Accounting examines the key dimensions of the relation between financial accounting and executive compensation. Specifically, the authors examine the extent to which compensation plans create incentives for executives to make particular financial reporting and disclosure choices. They also examine the extent to which accounting regulation creates incentives for firms to design particular compensation plans for their executives.

Earnings Quality

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Publisher : Springer Nature
ISBN 13 : 3030367983
Total Pages : 154 pages
Book Rating : 4.0/5 (33 download)

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Book Synopsis Earnings Quality by : Elisa Menicucci

Download or read book Earnings Quality written by Elisa Menicucci and published by Springer Nature. This book was released on 2019-12-21 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of earnings quality (EQ) in the context of financial reporting and offers suggestions for defining and measuring it. Although EQ has received increasing attention from investors, creditors, regulators, and researchers in different areas, there are various definitions of it and different approaches for its measurement. The book describes the relationship between EQ and earnings management (EM) since they can be considered related challenges, especially in the context of international financial reporting standards (IAS/IFRSs). EM occurs when managers make discretionary accounting choices that are regarded as either an efficient communication of private information to improve the informativeness of a firm’s current and future performance, or a distorting disclosure to mislead the firm’s true performance. The intentional manipulation of earnings by managers, within the limits allowed by the accounting standards, may alter the usefulness of financial reporting and lead to lower quality of earnings. The use of fair value in financial reporting has created a current debate about the impact it might have on EQ. At times, the high subjectivity in estimating fair value can allow opportunities for the exercise of management judgments and intentional bias, which can reduce the quality of financial reporting. Management discretion can result in high EM and hence in a reduction of EQ. Particularly during difficult financial periods, managers engage in EM to mask the negative effects of the turmoil, and in such circumstances accruals and earnings smoothing are attempts to reduce abnormal variations of earnings in such circumstances. This book is a valuable resource for those interested in wider perspectives on EQ and it adds to the research studies on this topic in the context of financial reporting.

International Financial Reporting Standards and New Directions in Earnings Management

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Publisher : IGI Global
ISBN 13 : 1522578188
Total Pages : 342 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis International Financial Reporting Standards and New Directions in Earnings Management by : Oliveira, Jonas da Silva

Download or read book International Financial Reporting Standards and New Directions in Earnings Management written by Oliveira, Jonas da Silva and published by IGI Global. This book was released on 2019-03-22 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fiscal market is an unpredictable torrent of information that modern organizations strive to understand. Business professionals dedicate themselves to understanding uncertain results around economic performance to improve management, reporting standards, and predict trends in financial statements. International Financial Reporting Standards and New Directions in Earnings Management is an essential reference source that discusses identifying the behavioral patterns of managers and the accounting policies they use in different opportunistic circumstances. Featuring research on topics such as earnings quality, risk reports, and investor protection, this book is ideal for regulatory authorities, accountants, impression managers, auditors, academics, students, and researchers seeking coverage on the theoretical, empirical, and experimental studies that relate to the different themes within earnings management.

Financial Statement Analysis and the Prediction of Financial Distress

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Publisher : Now Publishers Inc
ISBN 13 : 1601984243
Total Pages : 89 pages
Book Rating : 4.6/5 (19 download)

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Book Synopsis Financial Statement Analysis and the Prediction of Financial Distress by : William H. Beaver

Download or read book Financial Statement Analysis and the Prediction of Financial Distress written by William H. Beaver and published by Now Publishers Inc. This book was released on 2011 with total page 89 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial Statement Analysis and the Prediction of Financial Distress discusses the evolution of three main streams within the financial distress prediction literature: the set of dependent and explanatory variables used, the statistical methods of estimation, and the modeling of financial distress. Section 1 discusses concepts of financial distress. Section 2 discusses theories regarding the use of financial ratios as predictors of financial distress. Section 3 contains a brief review of the literature. Section 4 discusses the use of market price-based models of financial distress. Section 5 develops the statistical methods for empirical estimation of the probability of financial distress. Section 6 discusses the major empirical findings with respect to prediction of financial distress. Section 7 briefly summarizes some of the more relevant literature with respect to bond ratings. Section 8 presents some suggestions for future research and Section 9 presents concluding remarks.

Estimates of the Magnitude of Financial and Tax Reporting Conflicts

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Estimates of the Magnitude of Financial and Tax Reporting Conflicts by : George A. Plesko

Download or read book Estimates of the Magnitude of Financial and Tax Reporting Conflicts written by George A. Plesko and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the tax reporting consequences of financial reporting discretion. Using a matched sample of financial statements with tax returns, I provide estimates of the accuracy of tax return information inferred from financial statements. To examine the tradeoffs between financial and tax reporting, I model the relation discretionary financial accounting accruals have to discretionary federal tax accruals. The methodology takes advantage of the contemporaneous nature of reporting to mitigate econometric problems identified in previous research. I find the extent tax reporting reflects discretionary financial reporting varies dramatically by industry, profitability, and the sign of discretionary accruals. I also find managers are able to undertake tax reducing activities with less of an effect on financial reporting than tax increasing accruals, consistent with recent evidence on the differential growth of book and tax income, and with tax avoidance activities.

Risk Implications and Discretionary Financial Reporting of Islamic Financial Institutions

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Publisher :
ISBN 13 :
Total Pages : 348 pages
Book Rating : 4.:/5 (68 download)

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Book Synopsis Risk Implications and Discretionary Financial Reporting of Islamic Financial Institutions by : Sayd Z. Farook

Download or read book Risk Implications and Discretionary Financial Reporting of Islamic Financial Institutions written by Sayd Z. Farook and published by . This book was released on 2009 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: