Showing papers in "Accounting in Europe in 2021"
TL;DR: In this article, the authors examined disclosure on the sustainable development goals (SDGs) in firms' annual reports for a sample of European firms listed in the STOXX Europe-600 index and a reporting period of five years.
Abstract: This study examines disclosure on the sustainable development goals (SDGs) in firms’ annual reports. For a sample of European firms listed in the STOXX Europe-600 index and a reporting period of fo...
31 citations
TL;DR: In this paper, the authors investigated the non-financial disclosure in an Italian banking group following Directive 2014/95/EU over a period of eight years, from its voluntary (2013-2017) to mandatory (2018-2020).
Abstract: This study investigates the non-financial disclosure in an Italian banking group following Directive 2014/95/EU over a period of eight years, from its voluntary (2013–2017) to mandatory (2018–2020)...
27 citations
TL;DR: In this article, the impact of Directive 2014/95/EU on both the quantity and quality of non-financial disclosure (NFD) and its relationship with corporate financial performance (CFP) in 20 I...
Abstract: This paper investigates the impact of Directive 2014/95/EU on both the quantity and quality of non-financial disclosure (NFD) and its relationship with corporate financial performance (CFP) in 20 I...
16 citations
TL;DR: In this paper, the authors discuss the use of narrative reporting, both in relation to financial and non-financial information, with significant managerial discretion regarding content, in the context of financial reporting.
Abstract: Narrative reporting, both in relation to financial and non-financial information, is increasingly used and often mandated, with significant managerial discretion regarding content. As policy makers...
13 citations
TL;DR: In this paper, the authors assess audit quality in the public sector of two European jurisdictions by using the model developed by English and Guthrie, and analyse the enabling legislations of the two supreme...
Abstract: We assess audit quality in the public sector of two European jurisdictions by using the model developed by English and Guthrie. Accordingly, we analysed the enabling legislations of the two supreme...
9 citations
TL;DR: In this article, different accounting regulations exist in Europe, and different accounting rules are used for different NPOs in terms of financial reporting, which is relevant for their stakeholders, such as non-profits.
Abstract: Non-profits (NPOs) are one of the key agents in implementing socio-economic policies, financial reporting being relevant for their stakeholders. Different accounting regulations exist in Europe, wi...
8 citations
TL;DR: In this article, the concept of prudence consistent with Directive 34/2013 is explored from an economic, regulatory and legal point of view, and it is shown that the concept is consistent with the objectives of the Directive.
Abstract: We explore the concept of prudence consistent with Directive 34/2013. There are three strands to our argument: economic, regulatory and legal. From an economic perspective, we demonstrate that neit...
6 citations
TL;DR: The role of IFRS on the audit expectation gap (AEG) was examined in this article, where the authors examined the role of accounting and business re-regulation in the AEG.
Abstract: I examine the role of IFRS on the Audit Expectation Gap (AEG). Past research, mostly based on Porter [(1993). An empirical study of the audit expectation-performance gap. Accounting and Business Re...
5 citations
TL;DR: In this article, alternative performance measures (APMs) might be used to improve the information environment or strategically to mislead the market, and the recently introduced European Securities and Markets Authorit...
Abstract: Alternative performance measures (APMs) might be used to improve the information environment or strategically to mislead the market. The recently introduced European Securities and Markets Authorit...
5 citations
TL;DR: In this article, the IASB's post-implementation review of IFRS 13 Fair Value Measurement motivates an analysis of the evolution of the value relevance of fair value levels over time on banks that report under the new fair value metric.
Abstract: The IASB's post-implementation review of IFRS 13 Fair Value Measurement motivates our analysis of the evolution of the value relevance of fair value (FV) levels over time on banks that report under...
5 citations
TL;DR: In this article, the authors examined whether risk disclosure and risk committee are associated with major banks' performance worldwide, and they also test whether the composition of a risk committee moderates (i.e. strengthens or weakens) this relationship.
Abstract: This study examines whether risk disclosure and risk committee are associated with major banks’ performance worldwide. We also test whether the composition of a risk committee moderates (i.e. strengthens or weakens) this relationship. Using 1760 bank-year observations of 160 banks across 45 countries for the years 2006–2016, we find that risk disclosure and risk committees are associated with a bank’s overall performance. In addition, the findings suggest that the composition of a risk committee moderates the relationship between risk disclosure and bank performance. The results support the contention that risk disclosure and risk committee can be used as a channel to optimise the performance of a bank. Conclusions reflect on how the agency, signalling, and resource-based theories inform this phenomenon. This paper advances our understanding of the role of risk committee characteristics on the relationship between risk disclosures and bank performance from both theoretical and empirical perspectives, suggesting risk committee is not a panacea for risk monitoring. However, the existence of a strong risk committee is vital for effective risk governance. Findings from this research may have valuable practical and policy implications, particularly in the banking sector.
TL;DR: The body of literature on the relationship between corporate governance mechanisms (board composition and its characteristics) and "corporate social reporting" has seen an increase in interest over the last decade as discussed by the authors.
Abstract: Over the last decade, the body of literature on the relationship between corporate governance mechanisms (board composition and its characteristics) and ‘corporate social reporting’ has seen increa...
TL;DR: In this article, the extended auditor's report has been introduced for all Dutch PIEs, including but not limited to listed entities, and the authors provide early insights into how repor...
Abstract: As of 2014, the extended auditor’s report has been introduced for all Dutch PIEs, including but not limited to listed entities. With this explorative study, we provide early insights into how repor...
TL;DR: In this article, the value relevance of fair value (FV) measurement hierarchy (i.e., level 1, level 2, and level 3) is investigated using a m...
Abstract: The IFRS 13 post-implementation review by the IASB motivates our investigation on the value relevance of fair value (FV) measurement hierarchy (i.e. level 1, level 2, and level 3). First, using a m...
TL;DR: In this article, the authors investigate how different motives shape the initial accounting for goodwill in a setting dominated by controlling owners, using data from 1112 acquisition analyses reported by Swedish listed companies.
Abstract: We investigate how different motives shape the initial accounting for goodwill in a setting dominated by controlling owners, using data from 1112 acquisition analyses reported by Swedish listed acq...
TL;DR: The IASB plans to reform accounting for goodwill prompt this paper's discussion of the translation of the signifier "goodwill" (and the related terms: depreciation, amortisation and impairment).
Abstract: The IASB’s plans to reform accounting for goodwill prompt this paper’s discussion of the translation of the signifier ‘goodwill’ (and the related terms: depreciation, amortisation and impairment). ...
TL;DR: In this article, the authors explore the going concern statement, readability and length cues as indicators of Italian private companies in default and find that the disclosures of defaulting companies tend to be less informative than those of non-defaulting companies.
Abstract: This study explores the going concern statement, readability and length cues as indicators of Italian private companies in default. The results indicate that the disclosures of defaulting companies...
TL;DR: In the UK, since 2008 the Financial Reporting Council (FRC) has published inspection reports for auditing profession as mentioned in this paper, which are used for public oversight of the audit profession.
Abstract: The 2006 EU Directive established an EU-wide system for public oversight of the audit profession. In the UK, since 2008 the Financial Reporting Council (FRC) has published inspection reports for ma...
TL;DR: Unlike the vast majority of the EU member states, the Netherlands incorporated an option provided by the EU Accounting Directive that exempt companies from the obligation to file the management reparation as discussed by the authors.
Abstract: Unlike the vast majority of the EU member states, the Netherlands incorporated an option provided by the EU Accounting Directive that exempt companies from the obligation to file the management rep...
TL;DR: In this article, the authors examine deferment in the reporting of financial statements using an alternative measure of reporting delay based on start-up firms' discretion over the length of the first reporting period.
Abstract: We examine deferment in the reporting of financial statements using an alternative measure of reporting delay based on start-up firms’ discretion over the length of the first reporting period. We e...