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on Accounting and Auditing |
| By: | Rachid Awad; Mr. Luc Riedweg |
| Abstract: | The paper explores the role of banking supervisors with respect to banks’ implementation of IFRS 9. It discusses: the benefits associated with IFRS 9 as well as the main challenges from banking soundness and risk management perspectives; the role that banking supervisors should play in achieving a robust implementation of IFRS 9; and steps that can be taken to implement IFRS 9 in a proportionate and sound manner while minimizing procyclicality. It argues that authorities should consider introducing a transition period to provide sufficient preparation time for banks and banking supervisors, with an appropriate sequencing of key tasks to be completed; IFRS 9 should be implemented in a proportionate and sound manner; and regulatory provisioning systems used as prudential backstop should be maintained until supervisors have gained sufficient experience with IFRS 9. |
| Keywords: | financial stability; banking supervision; provisioning; procyclicality; proportionality; International Financial Reporting Standards; credit; credit risk; loans |
| Date: | 2026–03–27 |
| URL: | https://d.repec.org/n?u=RePEc:imf:imftnm:2026/004 |
| By: | Wissem Ajili Ben Youssef (Métis Lab EM Normandie - EM Normandie - École de Management de Normandie = EM Normandie Business School); Najla Bouebdallah (Excelia Group | La Rochelle Business School); Meriem El Bouhali (ESLSCA Business School - École Supérieure Libre des Sciences Commerciales Appliquées) |
| Abstract: | This study aims to identify factors affecting auditors' intention to use blockchain among the Big Four firms. The research proposes an extended technology acceptance model by integrating the technology acceptance model (TAM) with innovation diffusion theory (IDT). A quantitative approach was employed, utilizing questionnaires to collect data from 130 auditors working at the Big Four. The data were analyzed using partial least squares structural equation modeling (PLS-SEM). The results indicate that auditors' intention to use blockchain is significantly influenced by perceived usefulness (PU) and perceived ease of use (PEOU). The study highlights relative advantage and trialability as the most important attributes of IDT affecting auditors' perceived usefulness and ease of use of blockchain. Observability has a significant positive relationship with perceived ease of use but a nonsignificant correlation with perceived usefulness. However, complexity is statistically insignificant in explaining perceived ease of use. Finally, access to big data significantly enhances auditors' perception of the usefulness of blockchain technology. Therefore, our results recommend communication strategies and training policies to enhance the perceived usefulness of blockchain technology in auditing. Reducing uncertainty about emerging technologies, primarily through standardization, will also improve auditors' intention to use blockchain. |
| Keywords: | Audit, Blockchain, Technology acceptance model, Innovation diffusion theory, Big Four |
| Date: | 2025–06–23 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-05568241 |
| By: | Quentin Belot Couloumies (UGA - Université Grenoble Alpes, UGA INP IAE - Grenoble Institut d'Administration des Entreprises - UGA - Université Grenoble Alpes - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - UGA - Université Grenoble Alpes) |
| Abstract: | This article explores the transformation of French capitalism in the 1970s by examining budgetary control practices at PSA (Peugeot SA). Drawing on internal archives and interviews with former executives, it analyses how state-led planning, élite networks, and corporate restructuring shaped a hybrid model of management control. Rather than a straightforward ‘Americanisation', the system that emerged combined long-term planning logics with increasing financial discipline. The case illustrates how budgetary tools became instruments of organisational control and financial rationalisation, reconfigured through engineering expertise, internal experimentation, and institutional entrenchment. This study contributes to the socio-historical analysis of accounting change and offers insights into the evolving architecture of post-war French capitalism. |
| Abstract: | Cet article explore la transformation du capitalisme français dans les années 1970 en examinant les pratiques de contrôle budgétaire chez PSA (Peugeot SA). S'appuyant sur des archives internes et des entretiens avec d'anciens dirigeants, il analyse comment la planification étatique, les réseaux d'élite et la restructuration du groupe ont façonné un modèle hybride de contrôle de gestion. Loin d'une simple « américanisation », le système qui en a résulté combinait des logiques de planification à long terme avec une discipline financière croissante à court terme. Ce cas illustre comment les outils budgétaires sont devenus des instruments de contrôle organisationnel et de rationalisation financière, reconfigurés grâce à l'expertise en ingénierie, à l'expérimentation interne et à l'ancrage institutionnel. Cette étude contribue à l'analyse socio-historique de l'évolution de la comptabilité et offre un éclairage sur l'architecture en mutation du capitalisme français d'après-guerre. |
| Keywords: | Budgetary control, Accounting History, Management Control, French Business System, Peugeot, Financial Performance, Accounting History Management Control Budget Financial Performance Peugeot |
| Date: | 2025–11–11 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04911538 |
| By: | Masahiro Kato; Kei Nakagawa |
| Abstract: | Financial statement auditing is conducted under a risk-based evidence approach to obtain reasonable assurance. In practice, auditors often perform additional sampling or related procedures when an initial sample does not provide a sufficient basis for a conclusion. Across jurisdictions, current standards and practice manuals acknowledge such extensions, while the statistical design of sequential audit procedures has not been fully explored. This study formulates audit sampling with additional, sequentially collected items as a sequential testing problem for a finite population under sampling without replacement. We define null and alternative hypotheses in terms of a tolerable deviation rate, specify stopping and decision rules, and formulate exact sequential boundary conditions in terms of finite-population error probabilities. For practical implementation, we calibrate those boundaries by Monte Carlo simulation at least-favorable deviation rates. The exact design yields ex ante control of decision error probabilities, and the simulation-based implementation approximates that design while allowing the computation of expected stopping times. The framework is most naturally suited to attribute auditing and deviation-rate auditing, especially tests of controls, and it can be extended to one-sided, two-stage, and truncated designs. |
| Date: | 2026–04 |
| URL: | https://d.repec.org/n?u=RePEc:arx:papers:2604.06116 |
| By: | Piotr Denderski |
| Keywords: | heterogeneous returns; financial assets; income tax; financial literacy |
| JEL: | H24 D31 E21 G11 |
| Date: | 2025–12 |
| URL: | https://d.repec.org/n?u=RePEc:cxu:wpaper:60 |
| By: | Alyssa G. Anderson; Alessandro Barbarino; Anthony M. Diercks; Stephen I. Miran |
| Abstract: | For the avoidance of doubt: 1) This catalogue presents and analyzes a variety of options for reducing the Federal Reserve’s balance sheet. Nothing here is an endorsement of any specific policy option; this is a menu of options. Combined, we estimate these options open the door to balance sheet reduction of $1.2 to $2.1 trillion within the Fed’s current ample reserves framework. Further reductions would be possible with a return to scarce reserves. 2) The process of materially shrinking the balance sheet would require a great deal of implementation and rulemaking work in advance and will take time, at least a year and quite possibly several, before the Fed can begin shrinking its balance sheet. If undertaken, there are good reasons for moving slowly and gingerly, and to take steps to ensure financial markets are able to absorb the reissue of securities that roll off the Federal Reserve’s balance sheet. |
| Keywords: | Monetary policy; Open market operations (OMO); Reserves; Federal Reserve balance sheet; Federal funds rate |
| JEL: | E52 E58 |
| Date: | 2026–03–26 |
| URL: | https://d.repec.org/n?u=RePEc:fip:fedgfe:103000 |
| By: | Wei Cai; Andrea Prat; Jiehang Yu |
| Abstract: | Prior research has pointed to differences in organizational capital as a reason for the persistent performance discrepancies among otherwise similar firms. In this paper, we develop and validate a new measure of organizational capital. Based on over a million crowd-sourced employee reviews scraped from Glassdoor, we construct the measure of organizational capital at the firm-year level using the word embedding model and ChatGPT-generated synthetic reviews. Our measure varies over time in accordance with macro trends, and differs both across and within firms, reflecting firm heterogeneity and major internal changes. We validate our measure by testing empirical predictions of the properties of organizational capital discussed in prior literature. Our findings suggest that this measure captures a slowly evolving intangible asset that is significantly associated with firm performance and top management’s influence, aligning with the conceptualization of organizational capital by Dessein and Prat (2022). We further showcase applications of our measure in accounting, economics, finance, and management literature. Taken together, the paper provides implications for various stakeholders who are interested in assessing and managing firms’ organizational capital. |
| JEL: | D22 |
| Date: | 2026–04 |
| URL: | https://d.repec.org/n?u=RePEc:nbr:nberwo:35039 |