2008 pp. 757–787 Real and Accrual-Based Earnings Management in the Pre- and Post-Sarbanes-Oxley Periods Daniel A. Cohen New York University Aiyesha Dey University of Chicago Thomas Z. Lys Northwestern University ABSTRACT: We document that accrual-based earnings management increased steadily from 1987 until the passage of the Sarbanes-Oxley Act (SOX) in 2002‚ followed by a significant decline after the passage of SOX. Conversely‚ the level of real earnings management activities declined prior to
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Rachel Turner Mrs. Mckenzie Period 1 20 September 2014 Da Vinci Project What makes Leonardo da Vinci so abnormal? Leaving people flabbergasted? One of the many reasons is because Leonardo was inspiring he once said "... painting is poetry that is seen rather than felt‚ and poetry is painting that is felt rather than seen." For someone who never married or linked with anyone his art shows such passion‚ love and dedication. His science is another great example of dedication considering he had some
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Internship Report On Earnings Management and Corporate Governance in Bangladesh (The Role of the Board and the Audit Committee) Prepared for: Mr. Shubhankar Shil. Assistant Professor‚ School of Business University of Liberal Arts Bangladesh (ULAB) Prepared by: Rashed Hossain ID: 092011001 Concentration: Finance School of Business University of Liberal Arts Bangladesh (ULAB) April 27‚ 2013 Mr. Shubhankar Shil. Assistant Professor‚ School of Business University of Liberal Arts Bangladesh
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1 “American Beauty”‚ the 1999 film‚ is a motion picture that more or less shows a different side of the average suburban family. Although all of the characters have significant issues‚ I have chosen to take a closer look at Lester Burnham. Lester Burnham is a 42-year-old businessman who is married to the career-obsessed Carolyn and they have one daughter‚ a teenager named Jane. One of the first scenes of the movie explains how the family works: Carolyn is driving‚ just like she “drives” the family
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Abnormal psychology is the branch of psychology that studies unusual patterns of behavior‚ emotion and thought‚ which may or may not be understood as precipitating a mental disorder. There is a long history of attempts to understand and control behavior deemed to be aberrant or deviant (statistically‚ morally or in some other sense)‚ and there is often cultural variation in the approach taken. The field of abnormal psychology identifies multiple different causes for different conditions‚ employing
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Abnormal Behavior Joshua Baker PSY303 Debra Booker May 29‚ 2010 Abnormal behavior is classified into several major theories. The major theories related to abnormal behavior describes the various characteristics of abnormal behavior. There are specific behavioral issues as they relate to abnormal behavior and behavior patterns. The V Axes diagnosis is the indebt classification
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Auditors’ Earnings Management Decisions Mark W. Nelson John A. Elliott Cornell University Robin L. Tarpley The George Washington University ABSTRACT: This paper reports analyses of data obtained using a field-based questionnaire in which 253 auditors from one Big 5 firm recalled and described 515 specific experiences they had with clients who they believe were attempting to manage earnings. This approach enables us to analyze separately managers’ decisions about how to attempt earnings management
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Journal of Accounting Research Vol. 19 No. 2 Autumn 1981 Printed in U.S.A. Price and Trading Volume Reaction Surrounding Earnings Announcements: A Closer Examination DALE MORSE* I. Introduction The process of information dissemination and interpretation in securities markets is very complex and mostly unobservable. While changes in prices and the amount of trading that takes place at the market level provide evidence of information processing‚ Verrecchia [1981] demonstrated that these
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The Effect of SOX Section 404: Costs‚ Earnings Quality‚ and Stock Prices Introduction The Securities and Exchange Commission (SEC) Responsible for the application of the law THE SARBANES–OXLEY ACT (SOX) was passed in 2002 after a string of high profile corporate scandals. The law’s main goal was to improve the quality of financial reporting and to increase investor confidence‚ which requires companies to put in place and periodically test procedures that monitor the internal systems ensuring accurate
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Identify the strengths and weaknesses of discretionary accruals models to identify earnings manipulation: Discretionary Accrual = non-obligatory expense (such as an anticipated bonus for management) that is yet to be realized but is recorded in the account books. Accrual Accounting = an accounting measure that measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur. The general idea is that economic events are recognized
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