Research

“I Can Relate”: Survivor Leadership Supporting Women Transitioning Out of the Sex Trade

2019 

In this article, the authors examine the value of survivor leaders in organizations helping women transition out of the sex trade and how organizations can best utilize survivor leaders. They interviewed 10 […]

Tainted Portfolios: How Impairment Accounting Rules Restrict Security Sales

2019 

Contrary to claims that fair value accounting exacerbated banks’ securities sales during the recent financial crisis, we present evidence that suggests – if anything – that the current impairment accounting rules served […]

Unexpected SEC Resource Constraints and Comment Letter Quality

2019 

We investigate whether reviews of transactional filings by the SEC unexpectedly constrain SEC resources leading to lower quality comment letters for periodic reports. The Sarbanes Oxley Act requires the SEC to review […]

Negative Social and Economic Effects of the Marriage Penalty Tax on Women and Society

2018 

For decades the marriage penalty tax (MPT) has been debated, reduced, increased, and muddled in the US tax system. The issue is important to individual taxpayers, as well as to policy-makers, academic […]

Online Outsourcing and the Future of Work

2018 

The push toward global connectivity and the worldwide expansion of the internet, combined with the ongoing decline in the cost of technology, will change global labor markets and the nature of employment. […]

The Impact of Religion on the Going Concern Reporting Decisions of Local Audit Offices

2018 

We extend research on the effects of local audit office characteristics on audit quality by investigating whether audit offices in highly religious U.S. Metropolitan Statistical Areas (MSAs) exhibit going concern decisions that […]

Federal Taxation of Business Organizations and Their Owners (2nd Edition)

2015 

The book considers the Federal taxation of business organizations, emphasizing C corporations and S corporations. It is designed for use in professional programs in accounting and is adaptable for use both in […]

Rotational Internal Audit Programs and Financial Reporting Quality: Do Compensating Controls Help?

2015 

A report from the Institute of Internal Auditors finds that a majority of Fortune 500 companies systematically rotate internal auditors out of the internal audit function and into operational management (IIA 2009a). […]

Arachnophobia: A case on impairment and accounting ethics

2014 

This case requires students to apply accounting and ethical decision-making within the context of a potential land impairment decision. Students are required to research the relevant professional literature and provide appropriate FASB […]

Bank Holding Companies

2014 

This chapter covers the tax rules and planning considerations concerning bank holding companies updated through January of 2014 .

Bender’s 2014 Payroll Tax Guide–Special Table and Forms Supplement

2014 

The supplement to the 2014 Bender’s Payroll Tax Guide contains updated tax rate schedules and tax tables and certain forms as well as certain updates to the text of this edition of […]

Bender’s 2015 Payroll Tax Guide

2014 

This book provides a comprehensive analysis of and planning considerations related to federal and state employment taxes and social security benefits. The books covers each type of employment tax, including federal and […]

Call of duty: A framework for auditor’s ethical decisions

2014 

This chapter examines the concept of duty as it applies to audit professionalism. Providing professional literature, examples from practice, and research as support, we assert that duty as an ethical perspective is […]

Common Trust Funds and Financial Securitization Trusts (FASITs)

2014 

This chapter covers the law and related planning considerations concerning common trust funds and FASITs as used by banks and updated through January of 2014, including the application of the American Tax […]

Empirical Evidence on Repeat Restatements

2014 

This study examines the characteristics and market consequences of repeat restatements. We find that 38 percent of the restating companies in our sample restate at least twice between 2002 and 2008, and […]

Employee Compensation and Benefits Tax Guide, 2014 Edition

2014 

Since the  publication of the first edition of this book in 2013, there have been a number of new statutory provisions, regulations, administrative rulings, and cases impacting the taxation of employee compensation […]

Essentials of Federal Taxation

2014 

The article discusses federal income taxation associated with investing in U.S. hedge funds. Topics addressed include the provision of hedge fund investment advice by certified public accountants (CPA), the tax return obligations […]

Foreign Banks Engaged in Business In the United States and Foreign Income of United States Banks

2014 

This chapter publication represents an extensive revision of the subject matter concerning U.S. taxation of foreign banks and of foreign income of United States banks. The revision concerns the description and analysis […]

Forward-Looking Voluntary Disclosure in Proxy Contests

2014 

Using a unique, hand-gathered sample of 893 forward-looking voluntary disclosures by 70 proxy contest firms during 1992: 2001, we examine whether managers temporarily alter the frequency and tone of their disclosures during […]

How Do Auditors Address Control Deficiencies that Bias Accounting Estimates?

2014 

Auditors commonly rely on reviewing management’s estimation process to audit accounting estimates. When control deficiencies bias the estimation process, by creating omissions of critical inputs, standards require that auditors replace or supplement […]

Insolvent Banks

2014 

This chapter covers the tax rules and planning considerations related to insolvent banks updated through January of 2014.

Litigation Risk and Agency Costs: Evidence from Nevada Corporate Law

2014 

In 2001, Nevada significantly limited the personal legal liability of corporate officers and directors. We use this exogenous shock to implement a differences-in-differences design that examines the impact of officer and director […]

Predicting Credit Losses: Loan Fair Values Versus Historical Costs

2014 

Standard setters and many investors argue that loan fair values provide more useful information about credit losses than historical cost information while bankers and others generally disagree. We examine the ability of […]

Tax services, consequence severity, and jurors’ assessment of auditor liability

2014 

Purpose – The purpose of this research is to determine whether the type of tax services provided by a public accounting firm to its audit client and the consequence severity of an […]

An Empirical Analysis of The Effects of Monitoring Intensity on The Relation between Equity Incentives and Earnings Management

2013 

Prior studies suggest that equity incentives inherently have both an interest alignment effect and an opportunistic financial reporting effect. We argue that which effect dominates depends upon the firm’s level of monitoring. […]

Auditors’ Internal Control over Financial Reporting Decisions: Analysis, Synthesis, and Research Directions

2013 

We synthesize the literature on auditors’ evaluation of, and reporting on, internal control over financial reporting (ICOFR), as required by the Sarbanes-Oxley Act. The purpose of the synthesis is (1) to provide […]

Bender’s 2014 Payroll Tax Guide

2013 

This book provides a comprehensive analysis of and planning considerations related to federal and state employment taxes and social security benefits. The books covers each type of employment tax, including federal and […]

Does a Lack of Choice Lead to Lower Quality? Evidence from Auditor Competition and Client Restatements

2013 

We examine the relationship between auditor competition and the likelihood of financial restatements that occur as a result of failures in the application of generally accepted accounting principles (GAAP). Policy makers and […]

Does Mandatory Adoption of IFRS Improve Accounting Quality? Preliminary Evidence

2013 

We provide evidence on the preliminary effects of mandatory adoption of International Financial Reporting Standards (IFRS) on accounting quality for a relatively broad set of firms from 20 countries that adopted IFRS […]

Does Mandatory Adoption of IFRS Improve Accounting Quality? Preliminary Evidence

2013 

We provide evidence on the preliminary effects of mandatory adoption of International Financial Reporting Standards (IFRS) on accounting quality for a relatively broad set of firms from 20 countries that adopted IFRS […]

How Do Auditors Behave During Periods of Market Euphoria? The Case of Internet IPOs

2013 

How do auditors behave during periods of market euphoria? To address this question, we study auditor going-concern opinions around the time of the wave of stressed Internet companies filing to go public […]

Managerial Overconfidence and Accounting Conservatism

2013 

Overconfident managers overestimate future returns from their firms’ investments. Thus, we predict that overconfident managers will tend to delay loss recognition and generally use less conservative accounting. Furthermore, we test whether external […]

Staggered Boards, Corporate Opacity and Firm Value

2013 

We explore the effect of corporate opacity on the relation between staggered boards and firm value. We find that through mitigating takeover pressure, staggered boards become increasingly beneficial to firm value as […]

Engaging Students in the Politics of Tax Policy: The Tax Equity Survey Project

2012 

Among other influences, the tax system of a democratic government reflects the many and varied attitudes, perceptions and values of its citizens. Understanding the determinants of attitudes and perceptions about the tax […]

How Effective is Internal Control Reporting under SOX 404? Determinants of the (Non-)Disclosure of Existing Material Weaknesses

2012 

We study determinants of internal control reporting decisions under Section 404 of the Sarbanes-Oxley Act (SOX 404) using a sample of restating firms whose original misstatements are linked to underlying control weaknesses. […]

Internal Audit Outsourcing and the Risk of Misleading or Fraudulent Financial Reporting: Did Sarbanes-Oxley Get It Wrong?

2012 

The Sarbanes-Oxley Act (SOX) prohibits companies from outsourcing internal audit work to their external audit provider, likely under the assumption that involvement in the internal audit function creates “economic bonding” between the […]

Reputation and Uncertainty in Online Markets: An Experimental Study

2012 

This paper employs a modified investment game to study how online reputation ratings are assigned, and thus how electronic reputations are formed in transactions where buyers and sellers interact anonymously. Of particular […]

Tax Avoidance: Does Tax-Specific Industry Expertise Make a Difference?

2012 

This study investigates whether the tax-specific industry expertise of the external audit firm influences its clients’ level of tax avoidance. Our results suggest that clients purchasing tax services from their external audit […]

Tax Avoidance: Does Tax-Specific Industry Expertise Make a Difference?

2012 

This study investigates whether the tax-specific industry expertise of the external audit firm influences its clients’ level of tax avoidance. Our results suggest that clients purchasing tax services from their external audit […]

The Extent of Implicit Taxes at the Corporate Level and the Effect of TRA86

2012 

The article examines the extent of corporate level implicit taxes, or the cross-sectional variations in pre-tax market returns which offset explicit tax variations and equalize the risk-adjusted, after-tax returns rate in the […]

The Extent of Implicit Taxes at the Corporate Level and the Effect of TRA86

2012 

We examine the extent of implicit taxes at the corporate level and the effect on implicit taxes of the Tax Reform Act of 1986 (TRA86) in the United States. Using a variety […]

The Impact of PCAOB Auditing Standard No. 5 on Audit Fees and Audit Quality

2012 

We investigate the impact of PCAOB Auditing Standard No. 5 (AS5) on audit fees and audit quality. AS5 supersedes Auditing Standard No. 2 (AS2) and became effective for audits for accelerated filers […]

The Impact of Religion on Financial Reporting Irregularities

2012 

This study examines the impact of religion on financial reporting. We predict that firms in religious areas are less likely to engage in financial reporting irregularities because prior research links religiosity to […]