Conformance checking of processes based on monitoring real behavior

https://www.win.tue.nl/~hreijers/H.A.%20Reijers%20Bestanden/mining.pdf

Business process mining: An industrial application

This paper surveys the theoretical and empirical literature on the economic consequences of financial reporting and disclosure regulation. We integrate theoretical and empirical studies from accounting, economics, finance and law in order to contribute to the cross-fertilization of these fields. We provide an organizing framework that identifies firm-specific (micro-level) and market-wide (macro-level) costs and benefits of firms‟ reporting and disclosure activities and then use this framework to discuss potential costs and benefits of regulating these activities and to organize the key insights from the literature. Our survey highlights important unanswered questions and concludes with numerous suggestions for future research.

Economic Consequences of Financial Reporting and Disclosure Regulation: A Review and Suggestions for Future Research

This paper discusses the empirical literature on the economic consequences of disclosure and financial reporting regulation (including IFRS adoption), drawing on U.S. and international evidence. Given the policy relevance of research on regulation, we highlight the challenges with: (i) quantifying regulatory costs and benefits, (ii) measuring disclosure and reporting outcomes, and (iii) drawing causal inferences from regulatory studies. Next, we discuss empirical studies that link disclosure and reporting activities to firm-specific and market-wide economic outcomes. Understanding these links is important when evaluating regulation. We then synthesize the empirical evidence on the economic effects of disclosure regulation and reporting standards, including the evidence on IFRS adoption. Several important conclusions emerge. We generally lack evidence on market-wide effects and externalities from regulation, yet such evidence is central to the economic justification of regulation. Moreover, evidence on causal effects of disclosure and reporting regulation is still relatively rare. We also lack evidence on the real effects of such regulation. These limitations provide many research opportunities. We conclude with several specific suggestions for future research.

https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID2744644_code1688367.pdf?abstractid=2733831&mirid=2

The Economics of Disclosure and Financial Reporting Regulation: Evidence and Suggestions for Future Research

Based on extant literature, we review the positive theory of GAAP. The theory predicts that GAAP’s principal focus is on control (performance measurement and stewardship) and that verifiability and conservatism are critical features of a GAAP shaped by market forces. We recognize the advantage of using fair values in circumstances where these are based on observable prices in liquid secondary markets, but caution against expanding fair values to financial reporting more generally. We conclude that rather than converging U.S. GAAP with IFRS, competition between the FASB and the IASB would allow GAAP to better respond to market forces.

https://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID1474811_code698198.pdf?abstractid=1413775

Implications for GAAP from an Analysis of Positive Research in Accounting

Until they are certain that outsourcing IT management is the best possible option, firms would do well to maintain and invest in their own in-house IT assets.

The Sarbanes-Oxley Act: implications for large-scale IT outsourcing

This research extends the literature on nonfinancial performance measures (NFPMs) by assessing (1) the information content of a broader set of NFPMs and (2) whether NFPMs provide information not provided by financial performance measures (FPMs) from all previously identified FPM categories, rather than just earnings and book value. Specifically, exploratory and confirmatory factor analysis results presented in this paper demonstrate that nineteen NFPMs of major airlines capture seven underlying constructs not captured by eighteen common FPMs. Additionally, this research develops reliable composite measures of the identified performance measure constructs, which prior research argues are superior to individual performance measures.

Stephen L. Liedtka

Papers

The Sarbanes-Oxley Act: implications for large-scale IT outsourcing

The Information Content of Nonfinancial Performance Measures in the Airline Industry

The Information Content of Nonfinancial Performance Measures in the Airline Industry

The impact of US tax depreciation law on asset location and ownership decisions