Disclosure policy choices of UK firms receiving modified audit reports

Article Abstract:

An analysis of disclosure policies of UK firms receiving modified audit reports reveals that these firms were financially weaker than firms not receiving modified reports. Results of the study suggests a strong relationship between voluntary disclosure and incentive problems. The study also reveals that disclosure statements of financially stressed firms are not often credible and are discounted by the market.

Reporting & Disclosure, United Kingdom, Analysis, Disclosure statements (Accounting), Management audit, Management audits

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Conservative accounting and equity evaluation

Article Abstract:

Research is presented concerning the influence which conservative accounting has on firm value and accounting data. The accuracy of book value and capitalized earnings as a means for establishing company value is discussed.

Securities, Valuation, Income

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Accounting for the impairment of long-lived assets: evidence from the petroleum industry

Article Abstract:

A new study investigates the write-down of oil and gas companies' assets caused by applying the SEC full-cost ceiling test during a period of falling oil and gas prices.

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