Table Of Content

CONTENTS INDEX VOLUME 16, ISSUE NUMBERS 1-4 (March—December 2002) VOLUME 16 —- NUMBER 1 Accounting for Tax Benefits of Employee Stock Options and Implications for Research Michelle Hanlon and Terry Shevlin Going-Concern Opinions in the “New” Legal Environment Marshall A. Geiger and K. Raghunandan The Use of Target Prices to Justify Sell-Side Analysts’ Stock Recommendations IVNCPRIE Wax ERNIBER SEND oo cico ccs io axcicnidssicacd dee shudss bapa ceseucnsadeadennisdeacazora loesweiededdacdaasaneeaaeene l 27 COMMENTARY “Political” Lobbying on Proposed Standards: A Challenge to the IASB Stephen A. Zeff Blending Information and Communication Technology with Accounting Research James E. Hunton The Evolution of the Knowledge Professional Robert K. Elliott and Peter D. Jacobson Recommendations on Hedge Accounting and Accounting for Transfers of Financial Instruments AAA Financial Accounting Standards Committee .................sccsssccssccsssssssscsscesccscccescsescesecee 81 VOLUME 16 —- NUMBER 2 Alternative Approaches to Testing Hedge Effectiveness under SFAS No. 133 John D. Finnerty and Dwight Grant The Effects of Corporate Ownership on Public Accountants’ Professionalism and Ethics William E. Shafer, D. Jordan Lowe, and Timothy J. Fogarty Sampling Practices of Auditors in Public Accounting, Industry, and Government Thomas W. Hall, James E. Hunton, and Bethane Jo Pierce Characteristics Influencing Perceptions of Accounting Pronouncement Quality Denton L. Collins, William R. Pasewark, and Jerry R. Strawser EDITORIAL Lessons from Enron James A. Largay III, Editor COMMENTARY Some Thoughts on the Intellectual Foundations of Accounting Introduction and Concluding Remarks Jonathan C. Glover and Pierre Jinghong Liang Joel S. Demski, John C. Fellingham, Yuji Ijiri, and Shyam Sunder Fair Valuing Debt Turns Deteriorating Credit Quality into Positive Signals for Boston Chicken Robert C. Lipe VOLUME 16 —- NUMBER 3 Evidence from China on Whether Harmonized Accounting Standards Harmonize Accounting Practices Shimin Chen, Zheng Sun, and Yuetang Wang Viewing the 1996 FAF Restructuring as Policy Making without a Formal Due Process Paul B. W. Miller GUEST EDITORIAL Large Firms Envision Worldwide Convergence of Standards MOSEL Be NSR EN cose aclccncccccendsaceacscsnuddacakaiesaanastidusacdyanseausicansecatascdectale deaudneanalecea uteseee COMMENTARY Using Laboratory Experiments to Evaluate Accounting Policy Issues Steven J. Kachelmeier and Ronald R. King The “Incomplete Revelation Hypothesis” and Financial Reporting OVERSEER EMSIEN 2 ccc es 2 a2 Bane n Jaen 52 sa DaueSaadonuts ua eesaedancseardatums sceshatsamadeti neal simul The Evolving Accounting Standards for Special Purpose Entities and Consolidations AIDE; FHSSIRCAVOS Ate GOERS 1 FICT SIO ND ioscan cesecgucedacndces caatectucsosansckeaseneseesuasncamoaseceens Reporting Fair Value Interest and Value Changes on Financial Instruments AAA Financial Accounting Standards Committe? ...2<<ci..0:2-sscassccvececsaceacivaassdsaccecccasssesotsens VOLUME 16 —- NUMBER 4 The Impact of Split Adjusting and Rounding on Analysts’ Forecast Error Calculations Tr NRMNNe: Wh. Tome Gaal SiDlA e e a isk is ssticaninimnnscseciessisinivtbcahscasbaicgsasbedasianalls 277 Disclosures in Audit Committee Charters and Reports Joseph V. Carcello, Dana R. Hermanson, and Terry L. Neal .............ccesscesscesceseeeseeeeeeeeees 291 Knowing What Others Know: Common Knowledge, Accounting, and Capital Markets Shyam Sunder COMMENTARY Financial Reporting at a Crossroads Michael H. Sutton A Pathology of the Independence Standards Board’s Conceptual Framework Project Alan S. Glazer and Henry R. Jaenicke Recommendations on Disclosure of Nonfinancial Performance Measures AAA Financial Accounting Standards Committee