August 2007

Domestic Accounting Standards, International Accounting Standards, and the Predictability of Earnings

By. Hollis Ashbaugh dan Morton Pincus
We investigate (1) whether the variation in accounting standards across national boundaries relative to International Accounting Standards (IAS) has an impact on the ability of financial analysts to forecast non-US firms’ earnings accurately, and (2) whether analyst forecast accuracy changes after firms adopt IAS. IAS are a set of financial reporting [...]