定性財務報表的披露法律和道德方面的考慮【外文翻譯】

1、1本科畢業(yè)論文（設計）外文翻譯外文題目Qualitativefinancialstatementdisclosures:legalethicalconsiderations外文出處BusinessEthicsQuarterly2004(3):433451.外文作者ShaferWilliamE原文：原文：QualitativeFinancialStatementDisclosures:LegalEthicalConsiderations.

2、Abstract:ThereisalongrunningdebateamonglegalscholarsregardingtheproprietyenfceabilityofSECattemptstomatedisclosuresofantisocialillegalcpateactivitiesthatdonotmateriallyimpactacompanysfinancialstatements.Thisdebatewasrece

3、ntlyrevivedbytheissuanceofSECStaffAccountingBulletin99MaterialityinFinancialStatement(SEC1999)whichsuggeststhatquantitativelyimmaterialinfmationrelatingtounlawfultransactionsregulatynoncomplianceshouldbeconsideredfdisclo

4、sure.Thisissuehasimptantimplicationsftheaccountingprofessionalthoughithasgenerallybeenignedintheaccountingliterature.Thispaperreviewslegalethicalconsiderationsraisedbytheissueofqualitativedisclosuresalsopresentstheresult

5、sofapreliminaryempiricaltestoftheimpactofsuchdisclosuresonfinancialstatementusersjudgments.Theresultsofthisstudyindicatethatinvestsconsiderthenondisclosureofimmaterialillegalactstobeuhicalrejectsuggestionsthatsuchinfmati

6、onlacksmalintensity.Theresultsalsosuggestthatimmaterialillegalactshaveasignificanteffectoninvestsperceptionsofthequalityofcpatemanagementthelikelihoodofinvestmentinacompany.Thiseffectwasmepronouncedwhentheillegalactwasco

7、mbinedwithselfdealingonthepartofcpateexecutives.3providednoempiricalevidencetosuppttheclaimthatinvestscareaboutinfmationthatdoesnotmateriallyimpactthefinancialstatements(Miller2000)alsoassertthatinvestsrespondedwithindif

8、ferencetopreviouslymateddisclosuresrelatingtomanagementintegrity(Fedders1998).Howeversuchclaimsappeartoconflictwithobservedmarketreactionstorevelationsofquestionablebehavibyofficersofpubliccompanies.Avividexampleistherec

9、entmarketreactiontothelegalcontroversysurroundingMarthaStewart.Toaddressthisissuethecurrentstudyinvestigatesinvestsresponsestodisclosuresofimmaterialillegalactsmanagementselfdealinginanexperimentalsetting.Thefindingsindi

10、catethatinvestsconsidernondisclosureofknownillegalactivitiestobeclearlyuhicalratethemalintensityofnondisclosurehighly.Inadditionrevelationsofillegalactivityhadasignificantimpactoninvestsassessmentsofmanagementqualitythel

11、ikelihoodofinvestmentinacompany.Theseeffectsweremepronouncedwhentheillegalactivitywascombinedwithselfdealingonthepartofcompanymanagement.Thenextsectionreviewsthehistyofthedebatesurroundingqualitativematerialitydiscussest

12、heroleofSAB99intherevivalofthisdebate.Areviewofrelevantresearchstatementofresearchquestionsfollowsthisdiscussion.Thepaperthendescribestheresearchmethodfindings.Thefinalsectionprovidesadiscussionofthefindingssuggestionsff

13、urtherresearchonqualitativemateriality.Althoughtherelatedissuesoffinancialstatementmanipulationearningsmanagementareoftendiscussedintheaccountingliterature(DechowSkinner2000HealyWahlen1999)relativelyfewstudieshaveaddress

14、edthe“abusesofmateriality“discussedinSAB99.InastudythatinvestigatestheeffectsofsanctionthreatsonauditsdecisionsShaferetal.(1999)manipulatedthedollaramountofapotentialmisstatementonabetweensubjectsbasis.Thefindingsindicat

15、ethatthesizeofamisstatement(abovevs.belowconventionalmaterialitythresholds)hasasignificantimpactonauditswillingnesstosubdinatetheirjudgmentwhichisconsistentwithSECallegations.Theperceivedlikelihoodofsanctionssuchasadvers