We investigate the impact of conditional conservation on the ability of accruals and its components to predict future cash flows. We first demonstrate that conditional conservatism has increased over the period from 1988 to 2013 due to an increase in timely loss recognition and asymmetric timely...

We examine the relation between regulatory attention and earnings management. We provide evidence that securities regulators provide most of their comment letters for new accounting standards in the first or second year of new standard effectiveness, consistent with regulators expending more...

This study examines the relation between principles-based standards and earnings attributes. We create a firm-year specific variable that measures the extent to which firms' financial reporting is affected by principles-based standards. We find that firms' earnings are more informative and...