Complexity of financial reporting standards and accounting expertise

被引：82

作者：

Chychyla, Roman ^{[1
]}

Leone, Andrew J. ^{[2
]}

Minutti-Meza, Miguel ^{[1
]}

机构：

[1] Univ Miami, Miami Business Sch, Coral Gables, FL 33146 USA

[2] Northwestern Univ, Kellogg Sch Management, Evanston, IL USA

来源：

JOURNAL OF ACCOUNTING & ECONOMICS | 2019年 / 67卷 / 01期

关键词：

Financial reporting complexity; Accounting expertise; Financial reporting quality; Textual analysis; XBRL; ANNUAL-REPORT READABILITY; CORPORATE GOVERNANCE; STATEMENT COMPLEXITY; FIRM PERFORMANCE; AUDIT COMMITTEES; INTERNAL CONTROL; CURRENT EARNINGS; BOARD SIZE; DETERMINANTS; QUALITY;

D O I：

10.1016/j.jacceco.2018.09.005

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study tests whether firms seek to mitigate the adverse effects of Financial Reporting Complexity (FRC) by investing in accounting expertise. We develop a measure of FRC based on the complexity of accounting standards that govern annual disclosures. We find that FRC is positively related to the accounting expertise on a firm's board of directors and audit committee. We also find that accounting expertise mitigates the relation between FRC and negative reporting outcomes. Collectively, this study increases our understanding of the actions firms take to mitigate the negative consequences of FRC, and the role of accounting expertise in this setting.

引用

页码：226 / 253

页数：28

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