The scope of service provided by professional accountants is influenced by legislation and case law as well as the dictates of a variety of government and private sector agencies.There are equivalent and emerging local international bodies that exist in most developed countries. It is important for academics, students, practitioners, regulators and researchers to consider, study and understand the role and relationship of such bodies with the practice and content of our discipline. "Research in Accounting Regulation" is a refereed annual serial that seeks to publish high-quality manuscripts addressing regulatory issues and policy affecting the practice of accountancy, broadly defined. Topics of interest include research based on self-regulatory activities, case law and litigation, governmental and quasi-governmental regulation, and the economics of regulation, including modelling. This research series aims to encourage the submission of original empirical, behavioural or applied research manuscripts that consider strategic and policy implications for regulation, regulatory models and markets. It is intended for individual researchers, practitioners, regulators and students of accountancy who desire to increase their understanding of the regulation of accountancy.
Author(s): Gary Previts
Edition: 1
Year: 2003
Language: English
Pages: 316
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
CHAPTER 1. THE MARKET PERCEPTION OF CORPORATE CLAIMS......Page 20
CHAPTER 2. AN ANALYSIS OF THE ACCOUNTING PROFESSION’S OLIGARCHY: THE AUDITING STANDARDS BOARD......Page 46
CHAPTER 3. THE ORIGINS OF THE SEC’S POSITION ON AUDITOR INDEPENDENCE AND MANAGEMENT RESPONSIBILITY FOR FINANCIAL REPORTS......Page 62
CHAPTER 4. AUDITOR LIABILITY: A REVIEW OF RECENT CASES INVOLVING GENERALLY ACCEPTED ACCOUNTING PRINCIPLES AND GENERALLY ACCEPTED AUDITING STANDARDS......Page 78
CHAPTER 5. PROFESSIONAL REGULATION AND LABOR MARKET OUTCOMES FOR ACCOUNTANTS: EVIDENCE FROM THE CURRENT POPULATION SURVEY, 1984–2000......Page 104
CHAPTER 6. THE ECONOMIC THEORY OF REGULATION AND SUNSET REVIEWS OF PUBLIC ACCOUNTANCY LAWS: THE ROLE OF POLITICAL IDEOLOGY......Page 122
CHAPTER 7.THE IMPACT OF STATEMENT OF FINANCIAL ACCOUNTING STANDARD NUMBER 123 ON EQUITY PRICES OF COMPUTER SOFTWARE COMPANIES......Page 138
CHAPTER 8. GAAP: A REGULATORY TOOL TO MANAGE HEALTHCARE......Page 162
PART II: RESEARCH REPORTS......Page 174
CHAPTER 9. IMPROVING AUDITOR INDEPENDENCE – THE PRINCIPLES VS. STANDARDS DEBATE: SOME EVIDENCE ABOUT THE EFFECTS OF TYPE AND PROVIDER OF NON-AUDIT SERVICES ON PROFESSIONAL INVESTOR’S JUDGMENTS......Page 176
CHAPTER 10. THE ASSOCIATION BETWEEN AUDITOR INDUSTRY SPECIALIZATION AND EARNINGS MANAGEMENT......Page 188
CHAPTER 11. CONCURRING PARTNER REVIEW: DOES INVOLVEMENT IN AUDIT PLANNING AFFECT OBJECTIVITY?......Page 202
CHAPTER 12. LOCAL GOVERNMENT AUDIT PROCUREMENT REQUIREMENTS, AUDIT EFFORT, AND AUDIT FEES......Page 214
CHAPTER 13. AN EXPERIMENTAL EXAMINATION OF THE PEER REVIEW PROCESS......Page 226
CHAPTER 14. DEREGULATION OF THE PRIVATE CORPORATION AUDIT IN CANADA: JUSTIFICATION, LOBBYING AND OUTCOMES......Page 244
CHAPTER 15. SFAS 95 CASH FLOW INFORMATION AND SECURITIES VALUATION......Page 260
PART III: PERSPECTIVES......Page 274
CHAPTER 16. A LONG FALL FROM GRACE......Page 276
CHAPTER 17. REMARKS OF DONALD J. KIRK: INDEPENDENCE, AUDIT EFFECTIVENESS AND FRAUDULENT FINANCIAL REPORTING......Page 282
CHAPTER 18. THE “INFORMATION RIGHT” AND THE CPA PROFESSION......Page 292
PART IV: BOOK REVIEWS......Page 296
CHAPTER 19. PRO FORMA BEFORE AND AFTER THE SEC’S WARNING: A QUANTIFICATION OF REPORTING VARIANCES FROM GAAP......Page 298
CHAPTER 20. THE VALUEREPORTING TM REVOLUTION: MOVING BEYOND THE EARNINGS GAME......Page 302
CHAPTER 21. CREATING SHAREHOLDER VALUE......Page 306
CHAPTER 22. EXPECTATIONS INVESTING......Page 310
CHAPTER 23. UNDERSTANDING AUDITOR-CLIENT RELATIONSHIPS: A MULTI-FACETED ANALYSIS......Page 314
