Cheryl L. Linthicum

• The University of Texas at San Antonio

Purpose This study investigates the influence of the Securities and Exchange Commission (SEC) on the interpretation and application of International Financial Reporting Standards (IFRS) by examining a group of SEC-selected foreign private issuers filing 2005 annual reports in the United States (U.S.) and reporting using IFRS for the first time. D...

International Financial Reporting Standards (IFRS) allow managers flexibility in classifying interest paid, interest received, and dividends received within operating, investing, or financing activities within the statement of cash flows. In contrast, U.S. Generally Accepted Accounting Principles (GAAP) requires these items to be classified as oper...

For fiscal years starting on or after January 1, 2011, Canada abandoned Canadian Generally Accepted Accounting Principles (GAAP) and adopted International Financial Reporting Standards (IFRS), but permitted firms cross-listed in the United States to adopt U.S. GAAP instead. We document that the number of Canadian firms reporting under U.S. GAAP inc...

SYNOPSIS As mandated by Sarbanes-Oxley, the SEC reviews the financial reports of public companies and challenges the appropriateness of accounting that seems questionable or unclear. We investigate whether the likelihood of an SEC comment (challenge), and the time needed to resolve such comments, depends upon either of two characteristics of the un...

While U.S. Generally Accepted Accounting Principles (U.S. GAAP) require interest paid, interest received, and dividends received to be classified as operating cash flows (OCF) within the statement of cash flows, International Financial Reporting Standards (IFRS) allow more flexibility in classifying these items within operating, investing or financ...

We compare various earnings attributes of two accounting standards in one regulatory environment. We consider all firms that file Form 20-F reconciliations from IFRS to USGAAP with the SEC for 2004-2006. We find USGAAP and IFRS share many earnings attributes with two notable exceptions: USGAAP exhibits higher cash persistence and value relevance. B...

We examine the influence of social responsibility ratings on market returns to Arthur Andersen (AA) clients following the Enron audit failure. Chaney and Philipich (2002) found that AA's loss of reputation resulted in negative market returns to AA clients following the Enron audit failure. Proponents of social responsibility argue that social respo...

Mary Barth, Board Member, IASB, Stanford University Greg Burton, SEC Academic Fellow, Brigham Young University David Cairns, International Financial Reporting, Former Secretary-General of the IASC Ian Hague, Accounting Standards Board, Canada Steve Krohn, KPMG LLP, New York Cheryl Linthicum, Former SEC Academic Fellow, University of Texas at San An...

The EU's adoption of IFRS, combined with the SEC's removal of the US GAAP reconciliation requirement for non‐US registrants reporting under IFRS, signifies a major shift towards the acceptance of global standards. Based on 20‐F reconciliations provided by the population of US listed European companies filing IFRS‐based statements with the SEC in 20...

We compare various earnings attributes of two accounting standards in one regulatory environment. We consider all firms that file Form 20-F reconciliations from IFRS to USGAAP with the SEC for 2004-2006. We find USGAAP and IFRS share many earnings attributes with two notable exceptions: USGAAP exhibits higher cash persistence and value relevance. B...

In recent years, the Securities and Exchange Commission (SEC) has grown in size and scope. The implementation of Sarbanes-Oxley (SOX) and the globalization of accounting standards have increased the SECs workload and brought forth important questions regarding the development and application of accounting and auditing standard setting and regulatio...

In April 2007, the Securities and Exchange Commission (SEC) announced the Commission's plan to seek comments on its intension to allow foreign private issuers a choice between International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles (GAAP). Even more significant, the Commission announced that it may, at s...

This report describes a water audit of San Antonio Water System (SAWS) using International Water Association (IWA) standards that was prepared by the Center for Water Research (CWR) at the University of Texas at San Antonio (UTSA) and the Texas Engineering Experiment Station (TEES) at Texas A&M University (TAMU). IWA methodology was followed to pro...

Water accountability standards are increasing for many water utilities as supplies are progressively strained. Water demand for San Antonio, Texas, the eighth largest city in the United States, is expected to double by 2050. At this time, San Antonio is solely dependent upon groundwater, the majority of which comes from a capped withdrawal of the E...