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Today: Clawbacks lower business taxes, but provoke questions
Effective tax rates: With date of Dodd-Frank rule on clawbacks in doubt
Dive: Clawbacks appear to cause more harm than good, study finds
CFO: Do Clawback Policies Accomplish Their Desired Purpose?
Practice Advisor: Should CFOs Serve on Other Companies Boards?
Dive: Companies gain when their CFO sits on outside boards
JDSupra: Blog: Should CFOs serve on outside boards?
Street Journal: Companies Benefit When Their CFOs Join Outside Boards, Research Suggests
Outside Board Service Boosts Inside Accounting Quality
Retired Audit Partners on Boards: Yay or Nay?
PwC Probably Did Celebrate When It Helped Mattel Cover Up an Accounting Error
Supra: Blog: Does appointment of a former partner of the client’s audit firm to the client’s
audit committee impair audit quality
Economia: Companies Benefit when auditor’s alumni sits on board
Dive: Audit quality improves when former partners sit on audit committee
ValueWalk: Danger when
alumnus of a firm’s audit firm sits on an audit committee?
Accounting Today: Audit committees not compromised by audit from alumni, says study
ThomsonReuters: Accounting & Compliance Alert
Litigation risk spurs firms’ earnings openness: Study
CFO Dive: Companies more open when they face higher lawsuit risk
Agenda: Tracking “Bad Actor” Audit Engagement Partners
Market Watch: Naming audit partners isn’t driving audit quality yet, says study
CFO Dive: Red Points the latest company to merge CFO, COO positions
CPA Practice Advisor: Does Audit Partner Disclosure Rule Enhance Financial Reporting?
Corporate Secretary: The week in GRC: This week’s governance, compliance and
risk-management stories from around the web
Economia: Naming US lead partner on audit has achieved…nothing -
Accounting Today – Study questions value of audit partner disclosure requirement
The Wall Street Journal: Rule to Identify Audit Partners Doesn’t Improve Audit
Value Walk: Did PCAOB
Rule 3211 bring about a change in audit quality?
CFO Dive: Disclosure rule hasn’t improved audit quality, researchers say
Trickles in On TCJA’s Job Offshoring Effects
Advisor: Which Do Investors Prefer: Good Corporate Citizenship or Tax Minimization?
Investors punish companies that combine philanthropy and tax avoidance
– Morning Tax
Shun Companies that Play “Robin Hood”
Investors Favor CSR and Tax Avoidance
CFOs must be ‘strategic business partner’ as role merges with COO
It Turns Out Clients Really Don’t Like It When Auditors Call Them Out on Their Sh*t
Reuters: Auditors Who Do Their Jobs Are Penalized, Study Indicates
Compliance Week: Market punishes auditors who flag control issues, study says
WSJ Market Watch: Companies are pressuring auditors to leave criticism out of audit
opinions, research finds
Economia: Auditors reporting weaknesses are "less attractive", study says
Dive: Auditors penalized for highlighting companies’ weak internal controls
Agenda: CFOs Fulfilling Operations Roles “Admirably”
Accounting Today: Companies penalize audit firms for flagging their own weaknesses
The Wall Street
Journal: Companies Appear to Avoid Hiring Auditors With a History of Critical Audits, New Research
CFO: Fresh Evidence of
Auditor Bias Emerges
Advisor: How the Audit Market Penalizes Auditors for Doing Their Job
Law 360 Tax
Authority: Foreign Investment Increased After TCJA, Accounting Group Says
in on Repeat
Accounting Today: TCJA Boosted multinationals’ investments overseas more than in
CFO: Tax Reform Spurs Major Unintended Consequence
CPA Practice Advisor: Tax Reform bill Has Boosted Business Investments Abroad More Than In
Revcycle Intelligence: Healthcare CFO Role Evolving to Improve Enterprise Performance
Becker’s Hospital Review: Dual CFO-COO role improves financial reporting, study
The Wall Street Journal: Companies Benefit From Combining CFO and COO Jobs, Study Finds
CPA Practice Advisor: CFOs Expanding Role in Management
CFO: What Happens When the CFO Is the COO, Too?
Accounting Today: Executive pay clawbacks could backfire, says study
CPA Practice Advisor: Do Clawback Penalties Spur Misreporting?
Value Walk: Do Clawbacks Cause As Many Problems As They Prevent?
CFO: Do Clawbacks Cause as Many Problems as They Prevent?
Week: SOX did not end audit opinion shopping, study says
Accountancy Daily: 'Opinion shopping' for auditors reduces business red flags
Economia: More than half of businesses “opinion shopping”
Accounting Today: Opinion shopping hurts auditor independence
CFO: “Opinion-Shopping” Compromises Auditor Independence
ValueWalk: Auditor Opinion-Shopping Aids Companies At Expense of Investors: Study
Compliance Week: Options drive more risk than stocks, study says
Accounting Today: Corporate income smoothing tied to CEO stocks and options
CFO: CEO Stock Options Drive Income Smoothing
CPA Practice Advisor: Why Do Companies Smooth Their Income on Reporting?
What Drives Company Income Smoothing> Check CEO Stocks and Options
The Globe and Mail: The
incursion of AI into the workplace brings an urgent need for human soft skills
Thomson Reuters Tax
and Accounting: SEC’s Effort to Exempt More Companies From Audits of Financial Controls Likely to
Face Investor Resistance
CPA Practice Advisor: Accounting Professors Explore Unusual Turf
Infosurhoy: Inventory analysts intensify the destructive so corporations can obtain extra
positives, research finds
Knowledge@Wharton – When Tax Strategies Are Problematic for Firms - and Investors
Financial Times: PwC
accused of ignoring conflicts over Staffline audit
Accounting Today: Financial analysts tend to stress bad news in earnings forecasts
Accounting Today: Florida News – Accounting Hall of Fame
SmartBrief: Reading between the lines of current-earnings forecasts
ValueWalk: Current Quarterly Earnings Forecasts Accentuate The Negative
CFO: Analysts’ Current Earnings Forecasts Accentuate Bad News
Accountancy Daily: EY US sets up independent audit quality committee
Accounting Today: Study finds aggressive tax strategies can lead to investor confusion
CPA Practice Advisor: Does Business Tax Strategy Affect Investor Confidence?
Politico: Companies' tax aggressiveness sows investor confusion about basics of
firms' finances and operations
Here’s Another Reason to Avoid Tax Avoidance
CPA Practice Advisor: Investors Still Want Sarbanes-Oxley
Accounting Today: Investors favor Sarbanes-Oxley 404(b) audit rule, study says
CFO: SOX 404(b) Provides Investor Value After All
Value Walk: Merry Christmas, SOX 404(b)
CPA Practice Advisor: Do Public Companies Manipulate Cash Flow Benchmark to Boost Credit Ratings?
Accounting Today: Study suggests credit ratings encourage companies to manipulate accounting
CFO: Manipulate Cash Flow to Boost Credit Ratings?
PYMNTS.com: Accounting Expertise In C-Suite Can Compromise Financial Reports
CPA Practice Advisor: Report: Accounting Expertise in C-Suite Increases Likelihood of Misstatements
Economia: Auditing experience in the boardroom a "two-edged" sword
Going Concern: Hiring Executives with Audit Experience and Paying Them Well is Stupid, Says Research
The Wall Street Journal: The Dark Side of Managers with Audit Background
Compliance Week: Study links accounting expertise to misstatement risk
IR Magazine: Statistics in earnings release headlines can boost stocks, study finds
Accounting Today: Is accounting experience a bad thing for executives?
Los Angeles Business Journal: Influential Women in Accounting: Firms that Refer to Trade Secrets in Annual Reports Increase Risk of Cyber Attacks
CFO: The Dark Side of Accounting Expertise
Bloomberg: You May Be Able to Blame Trump for Your Football Team’s Lousy Record
Coinpedia: American Accounting Association Takes on Blockchain
Forbes: Prestigious Accounting Association Takes on Blockchain Technology
Accounting Today: Study questions accounting numbers highlighted in earnings releases
CFO: Flaunting Strong Earnings Damages Stock Price
PA Practice Advisor: Beware Strong Numbers in Corporate Earnings Headlines, Says Research
ValueWalk: Beware Headline Salience Misleads Investors, Study Warns
Newsie Scoop World: Swell in earnings surprises calls market gains into question
Mondaq: Would a Shift to Semiannual Reporting Really Affect Short-Termism?
CBS Money Watch: Success in the NFL: What taxes have to do with it
Accounting Today: Do high state taxes affect NFL players’ performance?
24/7 Wall Street: Are Taxes Dragging Down Your Favorite NFL Team?
The Motley Fool – What Warren Buffett is Buying and One Proposed Corporate Rule Change You Need to Know.
CFO – Study Supports Scrapping the 10-Q
Wall Street Journal – The Higher Cost of Less Information.
Thomson Reuters: Study Finds Link Between Audit Firm Profits and Client Tenure
Market Watch: Study: Earnings Surprises are bigger, thanks to growing use of non-GAAP metrics
JD Supra: Blog: Are non-GAAP financial measures still problematic?
CPA Practice Advisor: Companies Using Non-GAAP Metrics to Inflate Earnings
CBS Money Watch: More companies are beating profit forecasts -- thanks to gimmicks
The Washington Post: Who Are You Going to Trust, Adjusted Earnings or Your Lying Eyes?
ValueWalk: Bull$hit Profits? Street Metrics Swell Earnings Surprises, Study Finds
CFO: Study Finds Disturbing Evidence of Earnings Management
Accounting Web: Why Investor Clients Should Beware of 10-Ks
The Global Legal Post: Report warns companies using legal disclaimers as a 'licence to lie'
Accounting Today: Mentioning trade secrets in a 10-K heightens cyberattack risk
CFO: Warning: Don’t Mention Trade Secrets in 10Ks
IR Magazine: Legal disclaimers make inaccurate company statements more palatable to investors, finds study
CFO: Study Pans Disclaimers on Forward-Looking Statements
CPA Practice Advisor: Forward-Looking Statements Still Mislead Investors, Despite Disclaimers
The Wall Street Journal: Living Dangerously in a Safe Harbor
JD Supra: Blog: Studies examine external factors that may affect accounting integrity
Accounting Today: Clawback threat helps boots CFO performance and pay
CPA Practice Advisor: Adoption of Clawbacks Means Stronger Link Between Firm Performance and CFO Pay
CFO: Fears Over Downside to Clawbacks Are Unwarranted: Study
JD Supra: Will the call for mandatory audit firm rotation be renewed?
Economia: Big Four in US use lucrative audit fee structure
Accounting Today: Big Four increase audit fee as tenure grows
CFO: Do Big Four Auditors Unfairly Raise Fees?
CPA Practice Advisor: Lengthy Tenures Boost Big 4 Profits, But What is Effect on Auditor Independence?
CPA Practice Advisor: Does Requiring Firms to Reveal Audit Engagement Partners Benefit Investors?
WSJ MarketWatch: Study: Investors may avoid companies audited by same partners of troubled companies
Accounting Today: Study casts doubt on usefulness of disclosing audit engagement partners
CFO: New PCAOB Rule Sways Investor Decisions
CFO: How Unclear Tax Footnotes Can Create Value
Advisor.ca: What Audit Rule Changes Mean for Investors
Accounting Today: Investors don’t seem to mind incomprehensible tax footnotes
Tax Policy Center: Speaking of what investors think: Are some footnotes meant to be muddy?
Bloomberg View: Aramco Now Comes with Some Numbers
ValueWalk: Why Investors Like Unreadable Tax Footnotes
The Wall Street Journal: When Corporate Gobbledygook Is Good for Investors
Economia: Audit quality benefits from short audit tenure
The CPA Journal: Questioning the Effectiveness of Independent Audit Committees
Politico: The Day in Research
ValueWalk: New Tax Break on Repatriated Foreign Earnings Could Spur Increased R&D
Bloomberg BNA: Repatriation and R&D
Accounting Today: Tax break on repatriated foreign earnings may spur R & D
CFO: Repatriated Cash Should Boost R&D Spending
CPA Practice Advisor: New Tax Break on Repatriated Foreign Earnings Should Spur More R&D
Compliance Week: New study says long audit tenure slows corrections
CFO: Auditor Rotation Rules Miss Their Mark
ValueWalk: U.S. and E.U. Mandates Fail to Eliminate Ill Effect of Long Auditor Tenures with Corporate Clients
Bloomberg BNA: Auditor’s Move to Client Company Can Erode Independence: Study
Accounting Today: Study supports shorter auditor tenure
CPA Practice Advisor: U.S. and E.U. Mandates Fail to Eliminate Ill Effect of Long Auditor Tenures
ValueWalk: Alumni Ties Breed Coziness in Corporate Accounting, Study Warns
Economia: Big Four auditor independence suffers from alumni effect
CFO: Auditor Independence Rule Isn’t Tough Enough
CPA Practice Advisor: Are CFOs and Auditors Too Cozy?
Accounting Today: Big Four alumni can bias auditors
Inc.: Why Unilever Stopped Issuing Quarterly Reports
Accounting Today: Researchers find quarterly reporting leads to corporate myopia
CPA Practice Advisor: Does Too Much Financial Reporting Create Corporate Near-Sightedness?
ValueWalk: Yes It’s True: Frequent Financial Reporting Begets Corporate Myopia
Accounting Web: Study: Corporate Tax Rate Becomes a Factor on CEOs' Dismissals
Accounting Today: CEOs could find their jobs at risk under tax reform
Value Walk: Corporate Tax Reform Will Inhibit Tax Aggressiveness, Study Suggests
CPA Practice Advisor: CEO’s Risks Jobs if Taxes Differ Too Greatly from Competition
CFO: Companies Can CEOs, CFOs for High Tax Rates
Accounting Today: Investors punish companies for late financial statements
CPA Practice Advisor: Study Shows Investors Punish Companies for Late Financial Statements
Value Walk: Investors Punish Companies for Late Financial Statements
CFO: Shares Drop When Cos. File Late: Study
Accounting Today: Research questions value of independent audit committee requirement
ValueWalk: Longstanding SEC Auditing Mandate Is No Help Despite Trading Skills of Employees: Study
CPA Practice Advisor: Do Investors Benefit from Corporate Audit Committees?
CFO: SEC Audit Committee Rule Is Worthless: Study Related Press Release
Pittsburgh Post Gazette: Len Boselovic’s Heard off the Street: Companies going public are paying a price for disclosing less
MENAFN: Heralded Disclosure-Reduction Law Bad For Investors, Study Suggests
MarketWatch: JOBS Act is causing IPOS to be underpriced, but execs still benefit
CPA Practice Advisor: Is the JOBS Act Bad for Investors?
CFO: JOBS Act Causes Post-IPO Volatility: Study
Accounting Web: Study: Sarbanes-Oxley Act Serves as an Early Warning System for Fraud
The Wall Street Journal: The Morning Risk Report: Study Makes Case for External Assessment of Internal Controls
Going Concern: Accounting News Roundup: Sarbanes-Oxley and Tax Reform Sans Trump
The New York Times: Sarbanes-Oxley, Bemoaned as a Burden, Is an Investor’s Ally
Accounting Today: Internal control weaknesses correlate with financial fraud
Compliance Week: Study asserts link between control weaknesses, fraud
CFO: Research Refutes Sarbanes-Oxley Critics
CPA Practice Advisor: Study Shows Sarbanes-Oxley Offers Early Warning of Corporate Fraud
Accounting Web: AAA Study: Firm Value, Performance Not Affected by CEO Pay
Accounting Web: AAA Study: Shareholder Payouts to be Modest at Best
Accounting Today: Shareholders may not see much benefit from repatriation
CFO: Would a Territorial Tax System Help Investors?
CPA Practice Advisor: Ending Federal Tax on U.S. Corp. Profits Abroad Likely to Have Little Effect
Accounting Web: Less Readable Disclosures Can Turn Off Investors
MarketWatch: Companies do better when CEO Pay dwarfs average worker, study finds
24/7 Wall St.: CEO Pay: Enough or Too Much?
New York Post: Study says CEOs should keep making the big bucks
CFO: Do High CEO Pay Ratios Harm Company Value?
CPA Practice Advisor: Do High CEO-Employee Pay Gaps Lead to increased Profitability
Accounting Web: Do Companies Adjust Revenue to Meet Investor Expectations?
IR Magazine: Easy-to-read financials result lower reliance on outside sources, finds study
Thomson Reuters Tax and Accounting: Plain English in Financial Presentation Might Pay Off for Companies, Study Finds
Compliance Week: Investors reward readable disclosures, study finds
Accountancy Magazine (UK): Are trustful auditors less skeptical?
Accounting Today: Study stresses importance of presenting understandable accounting disclosures
CFO: Earnings Report Readability Pays Off: Study
ValueWalk: Presenting Financial Results Readably Pays Off for Companies
ValueWalk: Firms Meet Or Slightly Beat Analysts’ Revenue Forecasts In Corformance With Investors’ Priorities
The New York Post: How companies lie about earnings to meet Wall Street expectations
CFO: Do Companies Adjust Revenue in Response to Investor Behavior?
Accounting Today: Study finds signs of accounting manipulation in revenues reported by companies
CPA Practice Advisor: Study Questions Accounting Manipulation to Meet Investor Priorities
Accounting Today: Study questions value of auditor rotation
Thomson Reuters Tax and Accounting: Survey Raises Doubts About Mandatory Audit Firm Rotations
Accounting Web: Industry Lags Behind Big Four on Accounting Ethics, Study Finds
CFO: Auditors Can Be Friendly as Well as Skeptical, Study Finds
Thomson Reuters Tax and Accounting: Survey Credits Big Four for Focus on Ethics
Accounting Web: Can Auditors Trust Clients and Be Skeptical Too?
Accounting Web: Why Shareholder Votes Against Auditor Ratification Are Rare
CFO: Industry Trails Big 4 in Accounting Ethics: Study
Why You May Soon See Flying Auditors!
CPA Practice Advisor: Does the CPA Profession Fall Short on Ethics?
Accounting Today: Industry accounting perceived as less ethical by CPAs
Thomson Reuters Tax and Accounting: Study Questions Benefits From Proxy Advisors’ Recommendations on Auditor Ratification
AccountingWeb: High Institutional Ownership Fosters Corporate Tax Avoidance, Study Finds
Accounting Today: Proxy advisors seen adding little value in vetting audit firms
CFO: Institutional Ownership Spurs Tax Avoidance: Study
Accounting Today: Studies links institutional investing to corporate tax avoidance
CPA Practice Advisor: Does Stock Ownership by Institutional Investors Increase Company Tax Avoidance?
Accounting Web: Are Low Taxes a Sign of Risky Business Management?
Thomson Reuters Tax & Accounting: Disclosure of Lead Audit Partner’s Name to Benefit Investors, Study Finds
Accounting Today: Corporate tax avoidance not a sign of risky management
CPA Practice Advisor: Is Tax Avoidance Related to Business Risk?
CFO: Low Effective Tax Rates Don’t Signal Excess Risk: Study Related Press Release
CPA Practice Advisor: New Rule to Require Disclosure of Audit Engagement Partners
Accounting Web: Why New PCAOB Rule Should Improve Audit Quality
CFO: Disclosing Engagement Partner Improves Audit Quality
Accounting Today: Study favors PCAOB audit engagement partner disclosure rule
Accounting Web: What Effect Do SEC Comment Letters Have on Tax Compliance?
Pittsburgh Post-Gazette: Len Boselovic’s Heard off the Street
Accounting Web:Tax Reform Proposal Could Open Door to More Profit Shifting
Accounting Today: SEC Comment Letters Spur Corporate Tax Compliance
Politico: The SEC Plays Tax Man
CFO:SEC Comment Letters Spur Corporate Tax Compliance
Related Press Release
Politico: How much money are we talking?
CFO: Would a Territorial Tax System Squeeze IRS Coffers?
Accounting Today: Tax Reform Could Lead to More Profit Shifting by Multinationals Related Press Release
CPA Practice Advisor: Proposed Tax Reform May Cause Businesses to Shift Income Overseas
Accounting Web: Does Self-Certification Make Managers More Ethical?
CPA Practice Advisor: How Self-Certification Fosters Employee Honesty
CFO: Most Companies the Make Restatements Avoid 8-Ks
IR Magazine: Transparency in financial restatements plunges
Accounting Today: Executives Make Stealth Financial Restatements to Preserve Stock Price
WSJ MarketWatch: Executives obscure accounting mistakes when they hold more stock, study finds
CPA Practice Advisor: Free Research Database Available to Audit Practitioners
Accounting Today: American Accounting Association Debuts Research Databases
IR Magazine: Shareholder activism: Not just a quick buck
CFO: Hedge Fund Activism Helps Targeted Companies
CFO: Who Should Decide Whether to Keep Funding a Project?
Accounting Web: Staggered Boards Impede Improvements to Audit Committees
Accounting Today: Staggered Board Elections Hurt Audit Committees
CFO: Staggered Boards Affect Audit Committee Quality
Accounting Web - Tough Audit Competition Spurs Internal Control Opinion Shopping
Compliance Week: Study asserts companies shop for internal control audit opinions
WSJ The Morning Risk Report: Audit Competition Can Have Unintended Results
Accounting Today: Increased Audit Competition Leads to Opinion Shopping
Accounting Web: Dodd-Frank Regulation Could Curb CEO Pay Excesses
Financial Times: Four ways to bring galactic executive pay back down to earth
DOW JONES NEWSWIRES: CEO Pay Ratios Impact Investment Decisions
Accounting Today: Dodd-Frank Rule Could Restrain CEO Pay
Forbes: Corporate Bribery May Bring In The Business, But Not Profits, Study Suggests
Accounting Web: Anti-Retaliation Protections Can Hinder Audit Whistleblowing
The Wall Street Journal: The Morning Risk Report: Anti-Retaliation Reminders May Deter Whistleblowing
Bloomberg BNA: Anti-Retaliation Protection for Whistle-Blowers Can Backfire
CFO: Whistle a Different Tune
Accounting Today: Anti-Retaliation Measures Could Backfire for Whistleblowers
JDSupra Business Advisor: Foundations of Texas and the ROE from a Best Practices Compliance Program
CFO: Finance Roundup for Executives
Wall Street Journal: Study Finds Bribery Increases Sales Not Profits
CFO: Crime Doesn’t Pay, Says Harvard Bribery Study
Accounting Web: Auditors Who Prepare Tax Returns Tend to Be More Cautious
Tax-News: No Need to Separate Auditing From Tax Service: Study
Wealth Management.com: Keeping on the Straight and Narrow
WG&L Accounting & Compliance Alert: Auditors Who Also Prepare Clients’ Taxes Use Less Aggressive Tax Positions, Study Finds
Accounting Today: Study Questions Separation of Tax Services from Audits
CFO: Should Your Auditor Prepare Your Tax Return?
Accounting Web – Scripted Earnings Calls Can Be a Red Flag for Investors
Accounting Web – Socially Responsible Firms Tend to Pay Less Taxes
Pittsburgh Post Gazette: Sensing scripted calls, investors crave spontaneity
WG&L Accounting & Compliance Alert: Are Companies that Stick to Script on Earnings Calls Hiding Bad News?
IR Magazine: Scripted answers in conference calls may tip off investors to bad news
Bloomberg Business: Why Corporate America Should Ditch the Script During Quarterly Earnings Calls
CFO: How Scripted Should Your Earnings Calls Be?
The Economist: Can firms be "socially responsible" while avoiding taxes?
CFO: Socially Responsible Companies Pay Lower Taxes Related Press Release
Accounting Today: "Socially Responsible" Companies Avoid Paying Taxes Related Press Release
Accounting Web: Pending SEC Clawback Rules May Deter Restatements
Lexology: Recent Study Shows that Clawbacks May Have Unintended Consequences
CFO: Clawbacks Trigger Disputes Between CFOs and Auditors Related Press Release
Market Watch: Study suggests executives will hesitate to restate when bonuses are at risk
The Wall Street Journal – Coming Clawback Rules May Influence Restatements:Study
Accounting Today: Study Suggests Clawbacks on Exec Comp Won’t Work
IT Compliance Advisor: Study: Earnings misstatement is infectious
Accounting Web: Study: Restatements Often Spur Similar Misreporting From Peer Firms
The New York Times: Earnings Misstatements Come in Bunches, Study Says
Related Press Release