accounting standards will require. We conduct a study in the experimental economics tradition to investigate how such uncertainty … affects preparers’ current period accounting estimates. Compared to preparers who know with certainty that future standards … uncertainty about future standards arrive at less biased estimates. We further find that this reduction in bias reflects a …

We study the optimal level of commonality of accounting standards when firms' investments exhibit beauty …-contest features as in, e.g., Arya and Mittendorf (2016). We model more commonality of accounting standards as more correlated noises … in firms' reports, consistent with the "more harmonized" accounting standards notion in Barth et al. (1999). We show that …

change-tracking feature, facilitates the research on important properties of the standards. We demonstrate this benefit in … standards of interest to investors and standard setters: their rules-based orientation and their readability. We find that … despite repeated calls for a shift towards the principles-based orientation of the accounting standards, there is no …