Research in Accounting Regulation, Volume 18 (Research in Accounting Regulation) PDF
Preview Research in Accounting Regulation, Volume 18 (Research in Accounting Regulation)
RESEARCH IN ACCOUNTING REGULATION i RESEARCH IN ACCOUNTING REGULATION Series Editor: Gary J. Previts Recent volumes: Volume 1–17: Research in Accounting Regulation Supplement 1: 10th Anniversary Special ii RESEARCH IN ACCOUNTING REGULATION VOLUME 18 RESEARCH IN ACCOUNTING REGULATION EDITED BY GARY J. PREVITS Case Western Reserve University, Cleveland, USA ASSOCIATE EDITOR THOMAS R. ROBINSON University of Miami, Coral Gables, USA ASSISTANT EDITOR NANDINI CHANDAR Drexel University, Philadelphia, USA CAPSULE COMMENTARY EDITOR JULIA E. S. GRANT Case Western Reserve University, Cleveland, USA BOOK REVIEW EDITOR LARRY M. PARKER Case Western Reserve University, Cleveland, USA Amsterdam – Boston – Heidelberg – London – New York – Oxford Paris – San Diego – San Francisco – Singapore – Sydney – Tokyo iii ELSEVIERB.V. ELSEVIERInc. ELSEVIERLtd ELSEVIERLtd Radarweg29 525BStreet,Suite1900 TheBoulevard,Langford 84TheobaldsRoad P.O.Box211 SanDiego Lane,Kidlington London 1000AEAmsterdam, CA92101-4495 OxfordOX51GB WC1X8RR TheNetherlands USA UK UK r2005ElsevierLtd.Allrightsreserved. ThisworkisprotectedundercopyrightbyElsevierLtd,andthefollowingtermsandconditionsapplytoitsuse: Photocopying Singlephotocopiesofsinglechaptersmaybemadeforpersonaluseasallowedbynationalcopyrightlaws.Permission ofthePublisherandpaymentofafeeisrequiredforallotherphotocopying,includingmultipleorsystematiccopying, copying for advertising or promotional purposes, resale, and all forms of document delivery. Special rates are availableforeducationalinstitutionsthatwishtomakephotocopiesfornon-profiteducationalclassroomuse. PermissionsmaybesoughtdirectlyfromElsevier’sRightsDepartmentinOxford,UK:phone(+44)1865843830,fax (+44)1865853333,e-mail:permissions@elsevier.com.Requestsmayalsobecompletedon-lineviatheElsevier homepage(http://www.elsevier.com/locate/permissions). IntheUSA,usersmayclearpermissionsandmakepaymentsthroughtheCopyrightClearanceCenter,Inc.,222 RosewoodDrive,Danvers,MA01923,USA;phone:(+1)(978)7508400,fax:(+1)(978)7504744,andintheUK throughtheCopyrightLicensingAgencyRapidClearanceService(CLARCS),90TottenhamCourtRoad,London W1P0LP,UK;phone:(+44)2076315555;fax:(+44)2076315500.Othercountriesmayhavealocalreprographic rightsagencyforpayments. DerivativeWorks Tablesofcontentsmaybereproducedforinternalcirculation,butpermissionofthePublisherisrequiredforexternal resaleordistributionofsuchmaterial.PermissionofthePublisherisrequiredforallotherderivativeworks,including compilationsandtranslations. ElectronicStorageorUsage PermissionofthePublisherisrequiredtostoreoruseelectronicallyanymaterialcontainedinthiswork,includingany chapterorpartofachapter. Exceptasoutlinedabove,nopartofthisworkmaybereproduced,storedinaretrievalsystemortransmittedinany formorbyanymeans,electronic,mechanical,photocopying,recordingorotherwise,withoutpriorwrittenpermission ofthePublisher. Addresspermissionsrequeststo:Elsevier’sRightsDepartment,atthefaxande-mailaddressesnotedabove. Notice NoresponsibilityisassumedbythePublisherforanyinjuryand/ordamagetopersonsorpropertyasamatterof productsliability,negligenceorotherwise,orfromanyuseoroperationofanymethods,products,instructionsor ideascontainedinthematerialherein.Becauseofrapidadvancesinthemedicalsciences,inparticular,independent verificationofdiagnosesanddrugdosagesshouldbemade. Firstedition2005 BritishLibraryCataloguinginPublicationData AcataloguerecordisavailablefromtheBritishLibrary. ISBN-10: 0-7623-1290-4 ISBN-13: 978-0-7623-1290-0 ISSN: 1052-0457(Series) ∞ ThepaperusedinthispublicationmeetstherequirementsofANSI/NISOZ39.48-1992(PermanenceofPaper). PrintedinTheNetherlands. Working together to grow libraries in developing countries www.elsevier.com | www.bookaid.org | www.sabre.org iv CONTENTS EDITORIAL BOARD ix LIST OF CONTRIBUTORS xi INVITED REFEREES xiii PART I: MAIN PAPERS THE NUMBERS GAME: HOW DO MANAGERS COMPENSATED WITH STOCK OPTIONS MEET ANALYSTS’ EARNINGS FORECASTS? Mark P. Bauman, Mike Braswell and Kenneth W. Shaw 3 PRO FORMA ADJUSTMENTS TO GAAP EARNINGS: BIAS, MATERIALITY, AND SEC ACTION Nancy B. Nichols, Sidney J. Gray and Donna L. Street 29 FEDERAL SECURITIES LITIGATION UPDATE Jimmy W. Martin and Marvin Narz 53 ANTECEDENTS AND EXPECTED OUTCOMES OF THE NEW ACCOUNTING REGULATION IN THE EUROPEAN UNION Sylwia Gornik-Tomaszewski 69 v vi CONTENTS PART II: RESEARCH REPORTS EXISTING DISCLOSURE CHALLENGES OF IPO ALLOCATIONS: A RESEARCH REPORT Denise A. Jones and Wanda A. Wallace 107 AUDITORS’ REPORTING OPTIONS AND CLIENT DISCLOSURE QUALITY Joseph V. Carcello, Jing Lin and Kannan Raghunandan 127 THE ANALYSIS OF SFAS NO. 109’S USEFULNESS IN PREDICTING FUTURE CASH FLOWS FROM A CONCEPTUAL FRAMEWORK PERSPECTIVE Joseph Legoria and Keith F. Sellers 143 DO CEO/CFO CERTIFICATIONS PROVIDE A SIGNAL OF CREDIBLE FINANCIAL REPORTING? Thomas E. Vermeer 163 DOES INCOME TAX REGULATION APPLY DOWNWARD PRESSURE TO CEO COMPENSATION? Toni Smith 177 A NOTE ON PRE-SARBANES–OXLEY ACT USERS’ AND AUDITORS’ PERCEPTIONS OF A LIMITATIONS PARAGRAPH IN THE AUDITOR’S INTERNAL CONTROL REPORT Benjamin P. Foster, Willie E. Gist, Guy McClain and 195 Trimbak Shastri SIMS 2.0 INCLUDES CONTROLS FOR NYSE SPECIAL CLOSINGS, SMALL FIRM EFFECTS AND LIQUIDITY Anthony J. Cataldo II 219 Contents vii PART III: FEATURE DEVELOPMENTS IN ACCOUNTING REGULATION: A SYNTHESIS AND ANNOTATED BIBLIOGRAPHY OF EVIDENCE AND COMMENTARY IN THE ACADEMIC LITERATURE (2003–2004) Stephen R. Moehrle and Jennifer A. Reynolds-Moehrle 233 PART IV: CAPSULE COMMENTARIES ACCOUNTING HARMONIZATION IN LATIN AMERICA: MOVING TOWARD IFRS Mercedes Palacios Manzano 281 THE EFFECT OF MANDATORY AUDIT-FIRM ROTATION: A MONITORING PERSPECTIVE Wuchun Chi 283 THE IMPACT OF INTERNATIONAL HARMONISATION EFFORTS ON ACCOUNTING DISCLOSURE REGULATION IN TURKEY T. C-uruk and T. E. Cooke 287 CORPORATE GOVERNANCE AND ACCOUNTING STANDARDS IN OMAN Kanukuntla Shankaraiah and D. N. Rao 291 PART V: PERSPECTIVES STANDING AT THE CROSSROADS Peter R. Bible 295 viii CONTENTS THE PROFESSION’S CORE VALUES: CONNECTING OUR PAST TO OUR FUTURE S. Scott Voynich 303 THE REIGN OF CONFUSION Robert H. Colson 321 FASB AND THE IASB VERSUS J.R. HICKS Joel Jameson 331 HOW FASB AND THE IASB SHOULD APPLY HICKSIAN THEORY TO CALCULATE INCOME Joel Jameson 335 PART VI: BOOK REVIEWS THE SMARTEST GUYS IN THE ROOM: THE AMAZING RISE AND SCANDALOUS FALL OF ENRON By Bethany McLean and Peter Elkind Reviewed by Larry M. Parker 353 HETTY: THE GENIUS AND MADNESS OF AMERICA’S FIRST FEMALE TYCOON By Charles Slack Reviewed by Julia E. S. Grant 357 ACCOUNTING: HOW TO MEET THE CHALLENGES OF RELEVANCE AND REGULATION (REVISED) By Eugene H. Flegm Reviewed by Sangtao Mo 359 EDITOR Assistant Editor Gary John Previts NandiniChandar WeatherheadSchool Drexel University of Management Departmentof Accountancy Capsule Commentary Editor CaseWestern Reserve University Julia E. S. Grant CaseWestern Reserve University Associate Editor Book Review Editor Thomas R.Robinson Larry M.Parker University ofMiami, Florida CaseWestern Reserve University EDITORIAL BOARD Kirsten Anderson Salvador Carmona Georgetown University Madrid, Spain Urton Anderson Graeme W. Dean University of Texas – Austin University of Sydney, Australia Andrew Bailey John Richard Edwards US Securities & Exchange Cardiff University, U.K. Commission A. Rick Elam Dennis R. Beresford University of Mississippi University of Georgia Timothy Fogarty Peter R. Bible Case Western Reserve University General Motors Corporation Ross Fuerman Jacob Birnberg Northeastern University University of Pittsburgh William Holder Michael P. Bohan University of Southern Cleveland, Ohio California ix
Description:The list of books you might like
