The objective of this paper is to provide preliminary evidence whether SFAS No. 109 tax data might be useful in distinguishing between firms that do versus do not engage in earnings overstatement fraud (hereafter fraud). We examine the associations of various versions of deferred tax expense...

This study examines whether a regulation on mandatory disclosure of earnings forecasts encourages managers to issue more optimistic earnings forecasts, and whether the optimistic forecasts are revised downward or the reported earnings are managed upward using discretionary accruals to reduce the...

This study examines the moderating impact of board of director elections and corporate governance on (a) the relationship between discretionary accruals and earnings quality, and (b) the relative value relevance of earnings and book value on stock valuation. The importance of effective...