This paper analyzes the accounting reasoning of two expert accounting witnesses at the 2006 trial of Enron executives who testified that the financial reporting of Enron conformed fully with US generally accepted accounting principles [GAAP]. We analyze the experts' evidence using argumentation...

In this archival study we report three main findings related to auditability of pension accounting estimates. 1. The financial note disclosures of ranges of estimated returns are miscalibrated and provide low credibility of including either the actual or expected returns. 2. The estimated...

This study empirically analyzes the long term and short term auditability of over 3000 individual firm pension accounting estimates of rates of return on pension assets over ten consecutive years (2001-2010). We find that the point estimates allowed by GAAP create auditability challenges and do...

An important aspect of the audit environment is the financial reporting that needs to be verified. In May 2015, the International Accounting Standards Board [IASB] issued an exposure draft [ED] for a new conceptual framework [CF] of financial reporting under International Financial Reporting...