Accounting in Europe

Zaneta Akudbil Azuma-Kotei

Awad Elsayed Awad Ibrahim

The Concept of Corporate Risk: Perspectives of Risk Disclosure’s Users and Preparers

企业风险的概念：风险披露使用者和编制者的视角

Paul Andre

Andrei Filip

Araceli Mora

Accounting in Europe – 20 Years on

欧洲会计 – 20年回顾

This paper focuses on the predictors of non-financial reporting (NFR) quality by state-owned enterprises (SOEs). The predictors under consideration are the quality of the corporate governance system (assessed through a comprehensive index), state ownership concentration, industry sector characteristics, and company size. Our cross-sectional sample consists of data for 63 state-controlled enterprises in Romania for the financial year 2018. The data were collected by hand, using two new instruments: a content analysis scale for NFR according to the European Directive 2014/95/EU and a corporate governance index for SOEs. We classify Romanian SOEs into two clusters: 'high disclosure – good governance' and 'low disclosure – poor governance,' for which we present the particularities of NFR and corporate governance. In line with agency theory and stakeholder theory, we show that the NFR quality score is positively correlated with the corporate governance score, company size, environmental impact, monopolistic position, and the state's strategic interest, but negatively correlated with state ownership concentration. Our results also indicate that an increase in the state's blockholding will negatively affect the quality of the corporate governance system, and will ultimately decrease the quality of the company's non-financial disclosures. We conclude that the quality of the governance system is a mediating variable between the state's ownership concentration and the quality of NFR. Our results are helpful to professionals and policymakers in understanding the path toward the material harmonization of reporting practices at a European level for SOEs and private entities alike.

Voicu-Dan Dragomir

Madalina Dumitru

Liliana Feleaga

The Predictors of Non-Financial Reporting Quality in Romanian State-Owned Enterprises

罗马尼亚国有企业非财务报告质量的预测因素

Charles H. Cho

Peter Kajüter

Riccardo Stacchezzini

The Future of Corporate Reporting

企业报告的未来

This paper investigates drivers of US lobbying on the International Accounting Standards Board (IASB) before, during, and after the Securities and Exchange Commission's (SEC) active consideration to adopt International Financial Reporting Standards (IFRS). Examining comment letters (CLs) for 148 IASB proposals from 2001 through 2014 finds that while a variety of US stakeholders lobbied, the response rates are low. CL writing in total and by preparers significantly increased during the peak of SEC interest (2007–2010), but afterwards significantly decreased. US writers focus more on key issues rather than responding to proposals earlier in the IASB's due process. US writers lobbied more about topics also on the Financial Accounting Standards Board (FASB)'s agenda and larger US preparers were more likely to write CLs and write them more frequently than smaller preparers. Overall, response rates are associated with the likelihood that US stakeholders would need to comply with IFRS.

Robert K. Larson

Mark Myring

Raf Orens

US comment Letter Writing to the IASB and Evolving SEC Views on the Use of IFRS

美国对IASB的评论信函写作及SEC对使用IFRS的演变观点

The European audit reform of 2014 imposes, inter alia, a cap on the fees of non-audit services (NAS) for Public Interest Entities (PIEs). Prior academic findings do not provide consistent evidence that NAS impair auditor independence, and it is thus unclear whether a cap effectively enhances audit quality. Our study examines the impact of this cap on audit quality for listed PIEs across the EU from 2013 to 2018. We find that the cap decreased earnings management and increased audit fees for affected PIEs, i.e., those that exceeded the 70% cap before the reform, compared to unaffected PIEs. We document that the effect occurred immediately, persisted in 2017 and 2018, and was driven by companies with non-audit fees exceeding their audit fees before the reform. Furthermore, we show that the improvement in audit quality post-regulation is generally more pronounced in the sample of Big 4 clients.

Pierre van Limpt

Simon Dekeyser

The impact of the non-audit fee cap on audit quality in European public interest entities

欧洲公共利益实体中非审计费用上限对审计质量的影响

This study aims to identify drivers influencing Poland-based accountants' opinions towards stricter sustainability reporting regulations in the Corporate Sustainability Reporting Directive (CSRD). Employing a multilevel model of social change as the theoretical framework, we analysed responses from 1,076 accountants in 2021. We used logit regression, to assess accountants' perspectives on the expansion of sustainability reporting to a greater number of companies and its mandatory assurance. Our findings reveal that drivers at transnational (international regulations and standards), organisational (benefits tied to sustainability reporting), and individual (knowledge of reporting regulations) levels positively influence support for these measures. Conversely, drivers at the national level, captured by membership in the professional accountants' association, were irrelevant. Our findings suggest that regulatory bodies should educate accountants on the benefits of sustainability reporting to improve their receptivity to new requirements. Countries adopting sustainability reporting later may need to invest more in developing accountants' knowledge and skills.

Joanna Krasodomska

Ewelina Zarzycka

Paweł Zieniuk

Exploring Multi-level Drivers of Accountants’ Opinions on the Changes Introduced by the Corporate Sustainability Reporting Directive

探索企业可持续发展报告指令引入后会计师意见的多层次驱动因素

This study explores the factors that may explain the readability of non-financial information (NFI) disclosure through the interpretive lens of legitimacy theory. In particular, it investigates whether the readability of the NFI disclosure, prepared under Directive 2014/95/EU, is affected by the pressure of certain stakeholders and by the presence of a corporate social responsibility committee (CSRc). The sample is based on 9,218 European listed firms, covering the period 2017-2020. The results show that pressure from environmentally sensitive industries, consumers, and some investors plays a crucial role in improving the readability level of NFI, while employees and the State owner do not exercise an influence on the level of readability. In addition, the presence of a CSRc is not only relevant per se, but also acts as a moderator in enhancing the association with these stakeholders on the readability of NFI disclosure.

Alessandra Allini

Begona Giner

Marco Maffei

Annamaria Zampella

The Readability of Non-Financial Information. The Role of Stakeholders' Pressure in the European Setting

非财务信息的可读性：欧洲背景下利益相关者压力的作用

短名	Account. Eur.
Journal Impact	4.58
国际分区	BUSINESS, FINANCE(Q1)

ISSN	1744-9480, 1744-9499
h-index	29

涉及主题	经济业务会计政治学管理财务法学计算机科学哲学会计信息系统数学
出版信息	出版商: Routledge，出版周期: ，期刊类型: journal，开源期刊: 否
基本数据	创刊年份: 2010，原创研究文献占比: 92.86%，自引率:13.00%， Gold OA占比: 23.40%

Accounting in Europe

期刊引文格式

有 1 位以上作者的期刊

有 2 位作者的期刊

有 3 位作者的期刊

有 5 位以上作者的期刊

书籍引用格式

学位论文引用格式

网页引用格式

专利引用格式

手工熬夜修改参考文献？研飞自动匹配期刊，一键轻松成稿，支持 Word/WPS

投稿经验分享

The Concept of Corporate Risk: Perspectives of Risk Disclosure’s Users and Preparers

Accounting in Europe – 20 Years on

The Predictors of Non-Financial Reporting Quality in Romanian State-Owned Enterprises

The Future of Corporate Reporting

US comment Letter Writing to the IASB and Evolving SEC Views on the Use of IFRS

The Concept of Corporate Risk: Perspectives of Risk Disclosure’s Users and Preparers

Accounting in Europe – 20 Years on

The impact of the non-audit fee cap on audit quality in European public interest entities

Exploring Multi-level Drivers of Accountants’ Opinions on the Changes Introduced by the Corporate Sustainability Reporting Directive

The Readability of Non-Financial Information. The Role of Stakeholders' Pressure in the European Setting