Questions from General Accounting

Q: What are the arguments against regulation of financial reporting?

What are the arguments against regulation of financial reporting?

Q: If accounting were not regulated, we would not be facing the

If accounting were not regulated, we would not be facing the difficult problems that have arisen as a result of Enron and other corporate auditing failures. Do you agree with this statement? Explain....

Q: Why do you think that ethnographic research (footnote 65) would

Why do you think that ethnographic research (footnote 65) would be difficult to apply to organizations such as the SEC and FASB?

Q: In accounting, deductive approaches are generally normative. Why do you

In accounting, deductive approaches are generally normative. Why do you think this is the case?

Q: A frequent argument is that inductive reasoning is value-free because

A frequent argument is that inductive reasoning is value-free because it simply investigates empirical evidence. Yet some charge that it is not value-free. What do you think is the basis for this char...

Q: Why does accounting information have some features of a public good?

Why does accounting information have some features of a public good? What are the implications for information production in both unregulated and regulated markets?

Q: Why can’t optimal regulation be determined? If optimal accounting regulation cannot

Why can’t optimal regulation be determined? If optimal accounting regulation cannot be determined, how can a regulatory body such as the SEC or FASB make good decisions?

Q: A distinction was made in the chapter between two types of regulation

A distinction was made in the chapter between two types of regulation: (a) the refinement and standardization of financial statements and (b) expanded disclosure. Why is the distinction important in...

Q: Can accounting standards and policy making be neutral? In what sense

Can accounting standards and policy making be neutral? In what sense is neutrality really important?

Q: Arrow (1963) warns that public participation and a consensual approach

Arrow (1963) warns that public participation and a consensual approach to social issues can lead to democratic paralysis; that is, to a failure to act due to an inability to agree on goals or objectiv...