The role of specialists in financial reporting: Evidence from pension accounting
作者: Divya Anantharaman
作者单位: 1Rutgers Business School
刊名: Review of Accounting Studies, 2017, Vol.22 (3), pp.1261-1306
来源数据库: Springer Nature Journal
DOI: 10.1007/s11142-017-9404-4
关键词: SpecialistsAccounting estimatesDefined-benefit pensionsPension accountingActuarial assumptionsActuariesIndependenceM41 AccountingM42 AuditingM48 Government Policy and Regulation
英文摘要: The increasing use in financial reporting of estimates prepared by specialists has raised questions on the role these specialists play in financial reporting quality. In the setting of defined-benefit pension accounting—where the pension actuary is involved as a specialist—I examine whether pension sponsors with strong incentives to improve reported funding status pressure their actuaries for aggressive (obligation-reducing) assumptions. Among these sponsors, I find that those that are economically important clients of their actuaries use more aggressive discount rates than less important clients of the same actuary. Sponsors incentivized to inflate reported funding status but constrained from doing so also tend to seek out new actuaries. Discount rates become more aggressive after...
原始语种摘要: The increasing use in financial reporting of estimates prepared by specialists has raised questions on the role these specialists play in financial reporting quality. In the setting of defined-benefit pension accounting—where the pension actuary is involved as a specialist—I examine whether pension sponsors with strong incentives to improve reported funding status pressure their actuaries for aggressive (obligation-reducing) assumptions. Among these sponsors, I find that those that are economically important clients of their actuaries use more aggressive discount rates than less important clients of the same actuary. Sponsors incentivized to inflate reported funding status but constrained from doing so also tend to seek out new actuaries. Discount rates become more aggressive after...
全文获取路径: Springer Nature  (合作)
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影响因子:1.364 (2012)

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关键词翻译
关键词翻译
  • accounting 会计
  • pension 年金
  • reporting 申报
  • financial 财政的
  • actuary 精算专业人员
  • discount 折扣
  • economically 经济地
  • aggressive 侵蚀的
  • their 他们的
  • rates 地方税