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Would political uncertainty shape accounting policies?

In our article recently published in the European Accounting Review, Phong Ngo and I investigate whether and how the uncertainty arising from the political process can influence corporate accounting policies. We focus on the impact of the U.S. gubernatorial elections on managers’ conservative accounting decisions. The extant literature has documented that accounting conservatism, which makes bad news reflected in earnings more timely than good news, can facilitate the contracting process and mitigate agency costs due…
Lili Dai
Lili Dai
3 min read
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2971

The Comprehensive Tax Gain from Leverage

In a recent study, published in the European Accounting Review (EAR), Zhenhua Chen, Padmakumar Sivadasan, and I take a new look at the capital structure implications of taxes. Financial economists have long wondered why many companies fail to take full advantage of the corporate tax benefits from debt. Financial distress and other costs should offset the tax benefits to some degree, but the corporate tax benefits of debt are substantial. This has led many to…
Deen Kemsley
Deen Kemsley
3 min read
0
910

Mandatory Audit Firm Rotation in the FTSE 350

This analysis was originally posted by Audit Analytics. Thirty-four FTSE 350 companies are required to rotate audit firms or conduct a tender process by 2023, according to EU Regulation 537/2014. The intention of mandatory audit firm rotation is to improve audit quality by limiting risks of repeated inaccuracies, encouraging fresh thinking, and strengthening skepticism. EU member states do have the authority to modify these rules to some extent. For example, UK regulation requires that audit firms rotate every…
Jessica McKeon
Jessica McKeon
3 min read
0
962

VARS Calendar for June

it is with great pleasure that we announce the following VARS speakers for June 2020   June 5 Chris Chapman  (University of Bristol) Control as Seduction: Gamification at Foursquare June 12 Christine Cooper (University of Edinburgh) Agencification – replacing liberal democracy with neoliberal accountability June 19 Thomas Bourveau  (Columbia University)  Public Company Audits around the Securities Exchange Act June 26 Kirstin Becker (Copenhagen Business School) Constructing Accounting as a Public Policy Issue: The Framing of Fair…
GIOVANNA MICHELON
GIOVANNA MICHELON
< 1 min read
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2496

Evidence-informed accounting standard setting – lessons from corona

This blog post originally appeared on the website of the German accounting research community&nbsp;TRR 266 Accounting for Transparency&nbsp;funded by the German Science Foundation (Deutsche Forschungsgemeinschaft &#8211; DFG). Lots of new accounting research findings are published every year in countless academic journals, on pre-print servers, and as working papers on SSRN. Many of these studies are potentially policy-relevant, i.e., speaking to issues on accounting standard setters&rsquo; agendas. However, even field experts find it difficult to just…
Thorsten Sellhorn
Thorsten Sellhorn
10 min read
0
383

VARS with Claudia Imperatore

It was a great pleasure to host Claudia Imperatore for our third VARS. Claudia presented a paper entitled “The effect of private political information on macroeconomic forecast accuracy” – which is available on our repository, co-authored with Andrea Bafundi. The aim of the paper is to investigate whether access to private political information improves macroeconomic forecast accuracy. “Political information” is referring to information about future economic policies that forecasting houses can obtain through access to…
GIOVANNA MICHELON
GIOVANNA MICHELON
< 1 min read
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3805

Claimed research findings: Can we identify the cases when they are likely to be false?

On June 5th 2020 at 14.00 CEST (20.00 Hong Kong, 08.00 Eastern time), Professor James Ohlson will deliver an online seminar on this theme. The seminar is part of the accounting seminar series at Cass Business School, City, University of London. arranged by Dr Pawel Bilinski. It will last for 40 minutes, with 20 minutes Q&amp;A. The details of how to join are set out at the bottom of this blog (participation is via Zoom…
ARC Commitee
ARC Commitee
11 min read
0
2800

VARS with Carlos Larrinaga

And with today, we can say that the VARS is definitely a success. With more than 200 registrations, today’s seminar was a fascinating story about “Early modern accounting and the emergence of the administrative state”. Carlos Larrinaga took us back to the 16th century, in Castilia, during a time in which the Spanish empire was reaching unprecedented extension. Using a governmentality perspective, Carlos’s presentation illustrated the programs of centralization of the Castilian monarchy. He explained the…
GIOVANNA MICHELON
GIOVANNA MICHELON
2 min read
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1767

Special Issue of ACCOUNTING IN EUROPE : “The Future of Corporate Reporting”

Guest Editors:  Prof. Charles H. Cho, Schulich School of Business, York University, Canada Prof. Peter Kajüter, University of Münster, Germany Prof. Riccardo Stacchezzini, University of Verona, Italy. Accounting in Europe aimed at stimulating the debate about the status quo and future directions of corporate reporting. We therefore invite papers dealing with the broad area of narrative reports, both financial and nonfinancial (e.g. IFRS management commentary, management reporting, nonfinancial reporting, reporting on climate change, integrated reporting).  Authors…
ARC Commitee
ARC Commitee
< 1 min read
0
2521

European Audit Opinions Signed by Country

This analysis was orginally posted by Audit Analytics. &nbsp; It is no surprise that COVID-19 has greatly impacted just about everything at this point; the worldwide pandemic has had such far-reaching effects, we&rsquo;re only now beginning to understand how far the ripple goes. With that said, it&rsquo;s also no surprise that the virus is impeding audit firms&rsquo; and accounting departments&rsquo; ability to perform their duties effectively in their usual timely fashion.&nbsp; As&nbsp;previously mentioned, some regulators…
Jessica McKeon
Jessica McKeon
5 min read
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2641
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