Research in Accounting Regulation, Volume 17 (Research in Accounting Regulation)

347 Pages·2004·1.71 MB·English

by  Gary Previts

RESEARCH IN ACCOUNTING
REGULATION
RESEARCH IN ACCOUNTING
REGULATION
Series Editor: Gary J. Previts
Recentvolumes:
Volumes1–16: ResearchinAccountingRegulation
Supplement1: 10thAnniversarySpecial
RESEARCHINACCOUNTINGREGULATION VOLUME17
RESEARCH IN ACCOUNTING
REGULATION
EDITEDBY
GARYJ.PREVITS
CaseWesternReserveUniversity,Cleveland,USA
ASSOCIATEEDITOR
THOMASR.ROBINSON
UniversityofMiami,CoralGables,USA
ASSISTANTEDITOR
NANDINICHANDAR
RutgersUniversity,NewarkandNewBrunswick,USA
BOOKREVIEWEDITOR
LARRYM.PARKER
CaseWesternReserveUniversity,Cleveland,USA
2004
Amsterdam–Boston–Heidelberg–London–NewYork–Oxford
Paris–SanDiego–SanFrancisco–Singapore–Sydney–Tokyo
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CONTENTS
EDITORIALBOARD ix
LISTOFCONTRIBUTORS xi
INVITEDREFEREESFORVOLUME17 xiii
PARTI:MAINPAPERS
SHELFREGISTEREDSECURITIES:ISITTIMETO
RE-EVALUATETHEPROCESS?
StephenR.Moehrle,JenniferA.Reynolds-Moehrleand
PamelaS.Stuerke 3
POLITICALLY-CONNECTEDFIRMS:ARETHEY
CONNECTEDTOEARNINGSOPACITY?
AhmedRiahi-Belkaoui 25
THEEFFECTSOFACCOUNTINGREGULATIONONTAX
CREDITUTILIZATIONPROPENSITY
ThomasJ.LinsmeierandThomasJ.Carroll 39
ANANALYSISOFRESTATEMENTSONFINANCIAL
REPORTING:ISTHELOSSOFINVESTORCONFIDENCE
JUSTIFIED?
JamesH.ThompsonandGregoryM.Larson 67
BANKINGINDUSTRYFINANCIALSTATEMENTFRAUD
ANDTHEEFFECTSOFREGULATIONENFORCEMENT
ANDINCREASEDPUBLICSCRUTINY
BrianPatrickGreenandAlanReinstein 87
v
vi
CORPORATEGOVERNANCEROLEINFINANCIAL
REPORTING
ZabihollahRezaee 107
PARTII:RESEARCHREPORTS
FAIRVALUECAPITALIZATIONOFMORTGAGELOAN
SERVICINGRIGHTS
RobertJ.Cochran,EdwardN.Coffmanand
DavidW.Harless 153
AUDITOR’SRESPONSIBILITYANDINDEPENDENCE:
EVIDENCEFROMCHINA
Z.JunLin 167
ASTUDYOFTHEECONOMICCONSEQUENCESOF
REGULATIONFD(FAIRDISCLOSURE)
AfshadJ.IraniandIreneKaramanou 191
ANEXPLORATORYSTUDYOFAUDITORPERCEPTIONS
OFSANCTIONTHREATS
WilliamE.ShaferandRoselynE.Morris 209
THESARBANES-OXLEYACT:COSTSANDTRADEOFFS
RELATINGTOINTERNATIONALAPPLICATIONAND
CONVERGENCE
ErinMarks 233
PARTIII:PERSPECTIVES
THEECONOMICROLEOFTHEAUDITINFREEAND
REGULATEDMARKETS:ALOOKBACKANDALOOK
FORWARD
WandaA.Wallace 267
vii
LAWYERSASWHISTLE-BLOWERSINAPOSTENRON
WORLD
RobertP.Lawry 299
PARTIV:BOOKREVIEWS
ENRON:APROFESSIONAL’SGUIDETOTHEEVENTS,
ETHICALISSUESANDPROPOSEDREFORMS
ByArthurL.Berkowitz
ReviewedbyLarryM.Parker 311
FINANCIALSTATEMENTFRAUD:PREVENTIONAND
DETECTION
ByZabihollahRezaee
ReviewedbyLarryM.Parker 313
GANGSOFAMERICA
ByTedNace
ReviewedbyTimothyJ.Fogarty 315
THEMINDOFWALLSTREET
ByLeonLevywithEugeneLinden
ReviewedbyTimothyJ.Fogarty 318
REGULATIONOFCORPORATEACCOUNTINGAND
REPORTINGININDIA
ByBhabatoshBanerjee
ReviewedbyNandiniChandar 321
THENUMBER:HOWTHEDRIVEFORQUARTERLY
EARNINGSCORRUPTEDWALLSTREETANDCORPORATE
AMERICA
ByAlexBerenson
ReviewedbyJuliaGrant 324
viii
60YEARSOFPROGRESSTHROUGHSHARING:10-YEAR
SUPPLEMENTTO50YEARSOFPROGRESSTHROUGH
SHARING1991–2001
ByDaleL.FlesherandElaineR.McIntosh
ReviewedbyReedA.Roig 327
FINALACCOUNTING,AMBITION,GREEDANDTHEFALL
OFARTHURANDERSEN
ByBarbaraLeyTofflerwithJenniferReingold
ReviewedbyLeonW.BlazeyJr. 330
EDITOR AssistantEditor
GaryJohnPrevits NandiniChandar
WeatherheadSchoolofManagement RutgersUniversity
DepartmentofAccountancy
CaseWesternReserveUniversity
AssociateEditor BookReviewEditor
ThomasR.Robinson LarryM.Parker
UniversityofMiami,Florida CaseWesternReserveUniversity
EDITORIALBOARD
KirstenAnderson RossFuerman
GeorgetownUniversity NortheasternUniversity
AndrewBailey WilliamHolder
UniversityofIllinois– UniversityofSouthernCalifornia
Urbana-Champaign
DanielJensen
DennisR.Beresford TheOhioStateUniversity
UniversityofGeorgia
DavidL.Landsittel
PeterBible Winnetka,Illinois
GeneralMotorsCorporation
DonaldL.Neebes
JacobBirnberg Ernst&Young,LLP
UniversityofPittsburgh HiroshiF.Okano
OsakaCityUniversity,Japan
MichaelP.Bohan
Consultant,Cleveland,Ohio PaulA.Pacter
DeloitteToucheTohmatsu,
GraemeW.Dean
HongKong
UniversityofSydney,Australia
JamesM.Patton
J.R.Edwards
FederalAccountingStandards
CardiffUniversity
AdvisoryBoard
TimothyFogarty
WilliamJ.L.Swirsky
CaseWesternReserveUniversity
CanadianInstituteofChartered
Accountants
ix