...Clarence Goh; Peter Meyer; Sompong Pornupatham; Hun-Tong Tan; Thanyaluk Vichitsarawong ABSTRACT Two aspects of critical audit matter (CAM) disclosure are (1) whether it relates to complexity in audit judgments (complex CAM) or uncertainty in underlying management estimates (uncertain CAM) and (2...

...Anna M. Rose; Jacob M. Rose; Kristian Rotaru; Kerri-Ann Sanderson; Jay C. Thibodeau ABSTRACT Two experiments examine the effects of visualizing uncertainty on attention, cognitive arousal, and incorporation of uncertainty information into judgments. The first experiment employs psychophysiological...

... (1997) , we conducted an experiment where auditors and investors evaluate management's loss disclosures. We manipulate the probability of loss at three levels and the uncertainty about the ambiguity at two levels. Our results show that both auditors and investors appear to be aggressive toward financial...

... depending on the level of uncertainty communicated by management's guidance and the stock price reaction to it. Lower (higher) stock price leads to lower (higher) analysts' forecasts when uncertainty about future earnings is high, but not when uncertainty about future earnings is low. Overall, the evidence...