..., and when the granularity of segment information is low. Our study contributes to research evaluating ASC 606 and offers valuable insights to standard-setters currently considering broader disaggregation of income statement items ( Financial Accounting Standards Board (FASB) 2022 ). Data Availability...

... standards. Using textual features of Big 4 comment letters on FASB proposals, I find that Big 4 firms' lobbying positions reflect profit motives through support for standards that will generate more fees or are supported by their clients. Big 4 lobbying support is concentrated in proposals exhibiting both...

...Urooj Khan; Bin Li; Shivaram Rajgopal; Mohan Venkatachalam ABSTRACT We examine the cost-effectiveness, from the shareholders' perspective, of the accounting standards issued by the FASB during 1973–2009. We evaluate (1) the stock market reactions of firms affected by the standards surrounding...

.... In October 2008, the Financial Accounting Standards Board (FASB) issued an exposure draft requiring management to assess the entity's ability to continue as a going concern. In January of 2012, the FASB decided instead, by a vote of 4-3, to not require management to perform an assessment of the entity's...