haku: @indexterm internal control / yhteensä: 207
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| Tekijä: | Altamuro, J. Beatty, A. |
| Otsikko: | How does internal control regulation affect financial reporting? |
| Lehti: | Journal of Accounting & Economics
2010 : FEB, VOL. 49:1-2, p. 58-74 |
| Asiasana: | internal control financial reporting loans USA banks |
| Kieli: | eng |
| Tiivistelmä: | Given the recent financial crisis internal control regulation effectiveness remains controversial. To address this issue this paper investigates the financial reporting effects of the Federal Depository Insurance Corporation Improvement Act (hereafter as: FDICIA) internal control provisions. Two unaffected control samples are provided by exemptions from these provisions for banks with assets under $500 million and for non-US banks. The difference-in-differences method shows FDICIA-mandated internal control requirements increasing loan-loss provision validity, earnings persistence and cash-flow predictability, and reducing benchmark-beating and accounting conservatism for affected vs. unaffected banks. More pronounced effects in interim vs. fourth quarters suggest greater auditor presence substituting for internal control regulation. |
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