The Materiality of Accounting Errors: Evidence from SEC Comment Letters
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DOI: 10.1111/1911-3846.12458
Abstract: To gain unique insights into the materiality judgments of financial statement preparers, we examine firms’ responses to SEC comment letters that inquire about accounting error materiality. We document that preparers typically use multiple quantitative benchmarks… read more here.
Keywords: sec comment; comment; materiality accounting; comment letters ... See more keywords
SEC Comment Letters on Firms' Use of Non-GAAP Measures: The Determinants and Firms' Responses
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DOI: 10.2308/horizons-16-134
Abstract: This paper explores Securities and Exchange Commission comment letters that address firms' use of non-Generally Accepted Accounting Principles (GAAP) measures in 10-Ks, 10-Qs, and earnings releases... read more here.
Keywords: sec comment; gaap measures; comment letters; firms use ... See more keywords
Sunlight is the Best Disinfectant: Real-Time Comment Letters and Large M&As in China
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DOI: 10.2308/jiar-2021-064
Abstract: This paper investigates how communications between regulators and firms through comment letters affect the outcomes of large mergers and acquisitions (M&As) in China. Unlike the U.S. Securities and Exchange Commission (SEC), which uses comment letters… read more here.
Keywords: comment letters; time comment; controlling shareholders; real time ... See more keywords