Principles-Based Versus Rules-Based Accounting Standards: The Influence of Standard Precision and Audit Committee Strength on Financial Reporting Decisions
Principles-Based Versus Rules-Based Accounting Standards: The Influence of Standard Precision and Audit Committee Strength on Financial Reporting Decisions
复制标题
基于原则与基于规则的会计标准：标准精度和审计委员会实力对财务报告决策的影响
DOI：
10.2308/accr.00000045
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发表时间：
2010
期刊：
影响因子：
--
通讯作者：
G. Tsakumis
中科院分区：
文献类型：
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作者：
Christopher P. Agoglia;T. Doupnik;G. Tsakumis
摘要：最近的会计丑闻导致了旨在加强审计委员会对公司财务报告监督的监管举措，并导致人们担心美国公认会计原则已变得过于基于规则。我们使用两个实验来研究与这些举措相关的问题。在我们的实验中，首席财务官们表现出更多的一致性，并且不太可能在不太精确（更基于原则）的标准下比在更精确（更基于规则）的标准下积极地报告。我们的研究结果还表明，CFO应用更精确的标准是不太可能积极报告存在一个强大的审计委员会比弱审计委员会。我们发现，当标准不太精确时，审计委员会的强度没有影响。最后，我们发现一个三路径中介模型检查驱动机制的影响标准精度积极的报告决策的支持。这些结果应该是美国政策制定者感兴趣的，因为他们继续考虑转向更多的产品。
ABSTRACT: Recent accounting scandals have resulted in regulatory initiatives designed to strengthen audit committee oversight of corporate financial reporting and have led to a concern that U.S. GAAP has become too rules-based. We examine issues related to these initiatives using two experiments. CFOs in our experiments exhibit more agreement and are less likely to report aggressively under a less precise (more principles-based) standard than under a more precise (more rules-based) standard. Our results also indicate that CFOs applying a more precise standard are less likely to report aggressively in the presence of a strong audit committee than a weak audit committee. We find no effect of audit committee strength when the standard is less precise. Finally, we find support for a three-path mediating model examining mechanisms driving the effect of standard precision on aggressive reporting decisions. These results should be of interest to U.S. policymakers as they continue to contemplate a shift to more p...