The Circumstances and Legal Consequences of Non‐GAAP Reporting: Evidence from Restatements*
By Zoe-Vonna Palmrose, Susan Scholz. 2004
619 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/df61211b1c9a8db5fe8ee407419e78c3077d5048
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Catherine Schrand
- Weili Ge
- Aida Sijamic Wahid
- Paul N. Michas
- Jere R. Francis
- Mozaffar Khan
- Patricia M. Dechow
- Martin Glaum
In Finance
- Paul N. Michas
- Catherine Schrand
- Siew Hong Teoh
- K. Ramanna
- Donna L. Street
- Patricia M. Dechow
- S. Vogel
- Weili Ge
Citations in the corpus
- Stealth Disclosure of Accounting Restatements (2009, neutral): “Tucker (2007) confirms this result, but reports that warning firms have less favorable non-earnings news (e.”
- Institutional monitoring through shareholder litigation (2010, neutral): “Bajaj et al. (2003) and Palmrose et al. (2004) provide evidence that allegation of GAAP violation and having an accounting firm as a co-defendant are associated with larger settlements (i.e., the coefficient on D_GAAP and D_ACCTFIRM will be positive).”
- Do Financial Restatements Lead to Auditor Changes (2013, result): “Q/A. Restatements constitute a public acknowledgement that the reported financial statements are not consistent with generally accepted accounting principles (GAAP) and represent the most visible evidence of improper accounting (Palmrose and Scholz 2004).”
- Is the SEC captured? Evidence from comment-letter reviews (2017, methodology): “First, we follow Palmrose and Scholz (2004) and Cassell et al. (2013) and classify topics in a firm’s first SEC comment letter in a given year that affect revenues, cost of goods sold, selling, general and administrative expenses, and other primary operating activities as “core” earnings topics,…”
- Compliance with IFRS 3- and IAS 36-required disclosures across 17 European countries: company- and country-level determinants (2013, background): “…companies mandated by the U.S. Securities and Exchange Commission (SEC) indicates that errors are systematically associated with certain company characteristics (DeFond and Jiambalvo 1991, Dechow et al. Accounting and Business Research 167 1996, Palmrose and Scholz 2004, Harris and Bromiley 2007).”