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Special Report - Special Report - January 31, 2013 |
Newswise
Disgruntled shareholders are more likely to sue firms that use principles-based accounting standards instead of rules-based standards, according to a recent study by a University of Iowa accounting researcher.
The study, by Richard Mergenthaler, assistant professor of accounting in the Tippie College of Business at Iowa, found that the more detailed and complex nature of rules-based standards shields firms from lawsuits. However, when a suit was filed, the study found no relation b...
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The study, by Richard Mergenthaler, assistant professor of accounting in the Tippie College of Business at Iowa, found that the more detailed and complex nature of rules-based standards shields firms from lawsuits. However, when a suit was filed, the study found no relation b...
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