Despite its sophisticated markets and information dissemination systems, corporate disclosures in Japan have consistently shown to suffer from poor earnings quality. Drawing from international research and research conducted on Japanese companies, this literature review examines some of the...

This study examines the impact of FASB Interpretation No. 48 (FIN48), Accounting for Uncertainty in Income Taxes , on earnings management (EM) activity, by focusing on changes in the deferred tax asset valuation allowance (DTVA). FIN48 was adopted, in part, over concerns that firms were using...