We examine institutional trading surrounding corporate news by combining a comprehensive database of newswire releases on U.S. firms with a high-frequency database of institutional trades.
Recent accounting research indicates that capital markets price firms' greenhouse gas (GHG) emissions and that disclosed emissions levels are negatively associated with firms' market values.
This paper examines how the interaction of perceived subjectivity and pay transparency in profit allocation is associated with an important aspect of law partners' professional judgment, namely their tendency to accede to the wishes of their client and fellow partner (labeled hereafter as partner accedence). Based on interviews with 56 corporate law partners working in large Canadian law firms, we find higher partner accedence in a less subjective system than in a more subjective system, but only under no pay transparency.
We examine whether prior findings on the market pricing of accruals quality (AQ) can be attributed to other forms of accounting-based anomalies. Using hedge portfolio analysis and cross-sectional regressions, we find that the return predictive power of AQ overlaps with several other accounting signals.
Regulators are concerned that auditors do not sufficiently identify and report material weaknesses in internal control over financial reporting (ICFR).
Prior research documents that auditors fail to revise audit plans to effectively address identified fraud cues. While auditors may understand what evidence would address such cues, we propose that auditors fail to apply this understanding because they use implemental mindsets when making decisions for themselves (i.e., deciding). However, we also propose that auditors use deliberative mindsets when advising.
Upkar Arora (BA '85, MAcc '85) understands just how powerful our investments can be.
He joins us to talk about his work at Rally Assets, an impact investment firm. Plus, he speaks about his personal investments to Waterloo as an alumnus, donor and committed volunteer. Why does he care so deeply about our University community? How does he hope these investments will impact the world? How can others make an impact too?
Every year, we have a challenge: to select just 100 women to receive our Canada’s Most Powerful Women: Top 100 Awards. These are women who personify what it means to be powerful through the way they empower and champion others, influence change and stand up for all of us. And as Top 100 winners, they stand among more than 1,000 powerful leaders across Canada who share that honour… and our thanks.
The Chartered Professional Accountants of Ontario (CPA Ontario) celebrated the appointments of those named to CPA Fellowship. Among the 50 newly named FCPAs, were 8 SAF alumni and Dave Vert, retired faculty member of Waterloo’s School of Accounting and Finance (SAF).
Mike focuses on financial literacy month. First, Judith Robertson, Commissioner of the Financial Consumer Agency of Canada, speaks about what her organization does and what they’re focusing on during financial literacy month. Then Tracy Hilpert, a Lecturer of Managerial Accounting with the University of Waterloo’s School of Accounting and Finance and the Director of the department’s Financial Literacy Competition joins to explain how their competition teaches financial literacy to high school students and how classes can get involved.