Compustat accounting database is frequently used for both research and decision-making. However, the accuracy and value of the information extracted from Compustat depend not only on the methods used to extract that information, but also on the validity of the data provided by Compustat. It has...

Regulatory oversight bodies and audit researchers are interested in restatements as a reliable indicator of audit quality. This paper describes the construction and validation of a new proxy for restatements that correct unintentional error. This proxy classifies less than one third of...

This paper examines both Internet Financial Reporting (IFR) and Extensive Business Reporting Language (XBRL). It begins by summarizing the perspectives and directions for further research from regulators and standards setters. It then develops a taxonomy on a sample of research that has appeared...

eXtensible Business Reporting Language (XBRL) is an open standard for the electronic preparation and exchange of business information. The purpose of this paper is to empirically investigate the influence of several firm-specific characteristics on the extent of voluntary disclosure in XBRL. I...

This paper investigates the extent and variety of practices of internet financial reporting (IFR) by companies listed on the Muscat Securities Market (MSM) in Oman. While IFR is fast becoming the norm in most western countries, there is little empirical evidence of the phenomenon in the Middle...

This study investigates the effect of accounting measurement and disclosure requirements on multistate income tax avoidance. The proliferation of sophisticated state tax planning techniques combined with the complexity of varying state tax regimes make multistate taxation an area rampant with...

Put aside the wild daily swings in the market for a moment and concentrate on this key fact: the ratio of market values to book values of S&P 500 companies has ascended from one-to-one in the late 1970s to six-to-one today. For some, this reflects excessive speculation, an unsustainable bubble....