Accounting and Regulation

1. Front Matter

   Pages i-xiv

   PDF

2. Introduction

   • Roberto Di Pietra, Stuart McLeay, Joshua Ronen

   Pages 1-8

3. Corporate Collapse: Regulatory, Accounting and Ethical Failure

   • Frank Clarke, Graeme Dean

   Pages 9-29

4. Post-Enron Reform: Financial Statement Insurance, and GAAP Re-Visited

   • Joshua Ronen

   Pages 31-58

5. Accounting Standard Setting in Two Political Contexts

   • Roland Königsgruber

   Pages 59-78

6. Constituents’ Participation in the IASC/IASB’s due Process of International Accounting Standard Setting: A Longitudinal Analysis

   • Ann Jorissen, Nadine Lybaert, Raf Orens, Leo van der Tas

   Pages 79-110

7. A Crisis of Identity? Juxtaposing Auditor Liability and the Value of Audit

   • Christopher Humphrey, Anna Samsonova

   Pages 111-131

8. The Corporate Governance Effects of Audit Committee

   • Stuart Turley, Mahbub Zaman

   Pages 133-159

9. The Role of Debt Contracts and Debt Covenants in Corporate Governance: Reflections on Evolution and Innovation

   • Judy Day, Peter Taylor

   Pages 161-190

10. Regulation, Bonding and the Quality of Financial Statements

    • Christina Dargenidou, Aziz Jaafar, Stuart McLeay

    Pages 191-228

11. Fair Value and the IASB/FASB Conceptual Framework Project: An Alternative View

    • Geoffrey Whittington

    Pages 229-268

12. A Comparison of Historical Cost and Fair Value Accounting Systems: General and Some Regulatory Concerns

    • Michael Bromwich

    Pages 269-290

13. IASB ED Management Commentary Versus European Regulation: The Impact on Management’s Reports of Companies Listed on Italian Stock Exchange

    • Daniela Argento, Roberto Di Pietra

    Pages 291-309

14. Do Attributes of Management’s Explanations of Financial Performance Matter for Analysts? An International Perspective

    • Walter Aerts, Ann Tarca

    Pages 311-338

15. The Consequences to Managers for Financial Misrepresentation

    • Jonathan M. Karpoff, D. Scott Lee, Gerald S. Martin

    Pages 339-375

16. National Standard-Setters’ Lobbying: An Analysis of its Role in the IFRS 2 Due Process

    • Begoña Giner, Miguel Arce

    Pages 377-398

17. Commentary. Current State and Future Challenges of the IFRS: Some Thoughts

    • Begoña Giner

    Pages 399-404

18. Back Matter

    Pages 405-412

    PDF

Since 1998, the world’s leading experts on accounting and regulation have convened in a series of workshops to explore and analyze emerging issues in the field.  They have covered a wide array of topics, including corporate governance, auditing, financial disclosure, international standards boards, and the dynamics of markets and institutions.  Most recently, they have focused on the role that accounting practices and policies may have played in the global financial crisis of 2008. In this volume, the editors showcase contributions from the workshops that represent the full spectrum of issues and perspectives relating to accounting and regulation.  Each paper incorporates the most current examples and references to reflect the latest insights, with an emphasis on exploring future implications for theory and research, practice, and policymaking.  ​

• Accounting
• Accounting policies
• Auditing
• Corporate governance
• Financial crisis

“Aims to provide some new, timely, and important insights on accounting regulation and to contribute to a better understanding of its links with other institutions that influence the real economy. … an excellent read for academicians, graduate students, policymakers, regulators, and even practitioners, and young researchers will find themselves not only compensated through a very good overview of some interesting, state-of-the-art research in the area of accounting and regulation, but quite possibly also inspired to explore new avenues of research.” (Leonidas C. Doukakis, The International Journal of Accounting, Vol. 50, 2015)

• Department of Business and Law, University of Siena, Siena, Italy

  Roberto Pietra

• The University of Sydney, Sydney, Australia

  Stuart McLeay

• Stern School of Business, New York University, New York, USA

  Joshua Ronen

Policies and ethics