DePaul University

About: DePaul University is a education organization based out in Chicago, Illinois, United States. It is known for research contribution in the topics: Population & Poison control. The organization has 5658 authors who have published 11562 publications receiving 295257 citations.

The Effects of Critical Audit Matter Paragraphs and Accounting Standard Precision on Auditor Liability

Abstract: The Public Company Accounting Oversight Board recently proposed amendments to the standard audit report that would require the disclosure of critical audit matters (CAMs), and the Securities and Exchange Commission continues to evaluate the use of principles-based (imprecise) accounting standards within U.S. generally accepted accounting principles. We assert that jurors perceive precise accounting standards to constrain auditors' control over financial reporting outcomes, resulting in a lower propensity for negligence verdicts when the accounting treatment conforms to the precise standard. However, we hypothesize that the use of either imprecise standards or CAMs reduces the extent to which jurors perceive this constraint to exist, leading to increased auditor liability. We present experimental evidence supporting this argument. Our results highlight the similarities between the effects of imprecise accounting standards and CAMs on negligence assessments. These results provide insight for regul...

Neighborhood revitalization through 'collaboration': Assessing the implications of neoliberal urban policy at the grassroots

Abstract: With the increasing involvement of local citizens and community organizations in carrying out urban planning and service delivery functions formerly handled by state institutions, questions have emerged about their implications for the urban political role and influence of community level actors. Some scholars identify these purportedly collaborative neighborhood revitalization initiatives as part of a neoliberal policy program of downsizing the state, while others argue that the new roles assumed by civic institutions offer new opportunities for citizen involvement in urban policy making and priority setting for revitalization. Drawing evidence from the case of a collaborative revitalization program in Minneapolis, Minnesota, this paper suggests that collaborative revitalization efforts may simultaneously foster both tendencies. By way of the new roles they are assuming in urban governance, grassroots organizations may become engaged in reproducing neoliberal priorities and policies at a highly localized level. At the same time, this involvement does not necessarily eliminate possibilities for community organizations to challenge and revise a neoliberal revitalization agenda.