Recent concerns about the level of executive compensation led to revisiting the question of whether highly compensated corporate employees earn their pay. Several measures of company performance indicate that companies with the most highly compensated employees perform only in a manner...

Purpose – The purpose of this case study is to teach students the fundamental and most critical aspects of performing a financial statement risk assessment, a skill vital to help ensure both auditor and public-company compliance with guidance found in the Sarbanes-Oxley Act of 2002 (SOX), the...

After considerable discussion and some controversy the Employers' Accounting for Defined Benefit Pension and Other Post-Retirement Plans Statement of Financial Accounting Standard (SFAS) 158 was implemented in 2006. An important goal of this standard was to enhance financial reporting...

This paper empirically examines the effects of firms in high litigation-risk industries over the likelihood of non-GAAP reporting and over the difference between management non-GAAP Earnings Per Share (EPS) and GAAP EPS. Results suggest that firms in industries with a high incidence of...