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dc.contributor.authorMinnis, Michael
dc.contributor.authorShroff, Nemit
dc.date.accessioned2019-03-26T13:11:40Z
dc.date.available2019-03-26T13:11:40Z
dc.date.issued2017-06
dc.identifier.issn0001-4788
dc.identifier.issn2159-4260
dc.identifier.urihttp://hdl.handle.net/1721.1/121089
dc.description.abstractPrivate firms face differing financial disclosure and auditing regulations around the world. In the US and Canada, for example, private firms are generally neither required to disclose their financial results nor have their financial statements audited. By contrast, many firms with limited liability in most other countries are required to file at least some financial information publicly and are also required to have their financial statements audited. This paper discusses and analyzes the reasons for differential financial reporting regulation of private firms. We first discuss various definitions of a private firm. Next, we examine theoretical arguments for regulating the financial reporting of these firms, particularly related to public disclosure and auditing. We then provide new survey-based evidence of firms’ and standard setters’ views of regulation. We conclude by identifying future research opportunities.en_US
dc.description.sponsorshipMassachusetts Institute of Technology. Junior Faculty Research Assistance Programen_US
dc.publisherInforma UK Limiteden_US
dc.relation.isversionofhttp://dx.doi.org/10.1080/00014788.2017.1303962en_US
dc.rightsCreative Commons Attribution-Noncommercial-Share Alikeen_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-sa/4.0/en_US
dc.sourceMIT web domainen_US
dc.titleWhy regulate private firm disclosure and auditing?en_US
dc.typeArticleen_US
dc.identifier.citationMinnis, Michael, and Nemit Shroff. “Why Regulate Private Firm Disclosure and Auditing?” Accounting and Business Research 47, no. 5 (June 8, 2017): 473–502.en_US
dc.contributor.departmentSloan School of Managementen_US
dc.contributor.mitauthorShroff, Nemit
dc.relation.journalAccounting and Business Researchen_US
dc.eprint.versionAuthor's final manuscripten_US
dc.type.urihttp://purl.org/eprint/type/JournalArticleen_US
eprint.statushttp://purl.org/eprint/status/PeerRevieweden_US
dc.date.updated2019-02-28T16:18:11Z
dspace.orderedauthorsMinnis, Michael; Shroff, Nemiten_US
dspace.embargo.termsNen_US
dc.identifier.orcidhttps://orcid.org/0000-0002-3472-5443
mit.licenseOPEN_ACCESS_POLICYen_US


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