Final Exam

Papers

§ Reputational Penalty For Aggressive Accounting- Earnings Restatements & Management Turnover; Desai, H, C Hogan, M Wilkins • Discussion Questions •

§ Financial Restatements GAO 2006 (Focus on pages 1-52); • Discussion Questions

§ Congressional Intervention In The Standard-Setting Process - An Analysis Of The Stock Option Accounting; Farber, David B, Marilyn F Johnson, and Kathy R Petroni •  Questions

§ The Trouble With Stock Options; Brian J. Hall and Kevin J. Murphy •  Why do companies really grant stock options and what is the case for expensing stock options?

§ On The Timing Of CFO Stock Option Awards; Lie, E; • Questions •

§ Fair-Value Accounting - A Cautionary Tale From Enron; Benston, GJ;

§ Regulation fair disclosure, analyst following, and analyst forecast dispersion • Afshad J Iran, Irene Karamanou 2003 • Questions •

§ Were Former Andersen Clients Treated More Leniently Than Other Clients? Evidence from Going-Concern Modified Audit Opinions