Critical Accounting Policy Disclosures
研究了美国证监会要求公司披露关键会计政策后，这些披露与现有财务信息的关系、是否提供新信息，以及是否支持自愿披露理论，发现披露决策更接近组合方式而非逐项账户方式。
To increase investor awareness of the sensitivity of financial statements to the methods, assumptions, and estimates underlying their preparation, the Securities and Exchange Commission (SEC) proposed that firms include disclosures about critical accounting policies (CAPs) in their 10-Ks. Using a large sample of CAP disclosures from SEC filers, we provide evidence on the extent to which CAP disclosures correlate with existing financial statement information, provide new information, and corroborate theories of voluntary disclosure. We also consider the interaction among disclosures, finding limited support for disclosure decisions following a portfolio rather than an account by account approach.