Gary Entwistle | University of Saskatchewan (original) (raw)

Papers by Gary Entwistle

Research paper thumbnail of The Value Relevance of Alternative Earnings Measures: A Comparison of Pro Forma, GAAP, and I/B/E/S Earnings

This article explores whether pro forma earnings, GAAP earnings, and I/B/E/S earnings are value r... more This article explores whether pro forma earnings, GAAP earnings, and I/B/E/S earnings are value relevant and, more important, which in comparative terms has the greatest value relevance. In addition to using actual pro forma measures contained in earnings press releases of Standard and Poor's (S&P) 500 firms, our design employs both traditional price and returns association models and incorporates both

Research paper thumbnail of The incomplete disclosure of litigation-type contingencies: Contemporary Canadian evidence

Journal of International Accounting, Auditing and Taxation, 1994

... For example, in Canada, Chesley (1986), using experiments, and Chesley and Weir (1985), using... more ... For example, in Canada, Chesley (1986), using experiments, and Chesley and Weir (1985), using surveys, found a wide variation in the interpretation of Section 3290 terms "probable ... Haley Industries Limited Hammond Manufacturing Company Limited Harris Steel Group Inc. ...

Research paper thumbnail of The Voluntary Disclosure of Pro Forma Earnings: A U.S.‐Canada Comparison

Journal of International Accounting Research, 2005

Research paper thumbnail of Misleading Disclosure of Pro Forma Earnings: An Empirical Examination

Journal of Business Ethics, 2006

The Sarbanes–Oxley (SOX) Act was passed in 2002 in response to various instances of corporate mal... more The Sarbanes–Oxley (SOX) Act was passed in 2002 in response to various instances of corporate malfeasance. The Act, designed to protect investors, led to wide-ranging regulation over various actions of managers, auditors and investment analysts. Part of SOX, and the focus of this study, targeted the disclosure by firms of “pro forma” earnings, an alternate (from GAAP earnings), flexible and

Research paper thumbnail of VOLUNTARY DISCLOSURE PRACTICES: THE USE OF PRO FORMA REPORTING

Journal of Applied Corporate Finance, 2004

Research paper thumbnail of Relevance, Reliability, and the Earnings Quality Debate

Issues in Accounting Education, 2003

These instructional materials are designed to elicit debate about the primary accounting qualitie... more These instructional materials are designed to elicit debate about the primary accounting qualities of relevance and reliability, and to encourage you to consider how these qualities are linked to the debate over earnings quality. The case material comprises two narrative essays, which elicit divergent views about relevance and reliability, and several discussion questions. You will use these essays and discussion questions as the foundation for a discussion and building a deeper understanding of earnings quality, through extensive inquiry of fundamental financial accounting concepts.

Research paper thumbnail of An Archival Study of the Existence, Cause, and Discovery of Income-Affecting Financial Statement Misstatements

Contemporary Accounting Research, 1994

Abstract. This paper reports the results of an archival study of the existence, cause, and discov... more Abstract. This paper reports the results of an archival study of the existence, cause, and discovery of income-affecting financial statement misstatements documented in the working papers of a major Canadian public accounting firm. In addition, it provides finer evidence ...

Research paper thumbnail of The Life and Death of the Canadian Contingent Gains and Losses Accounting Standards Project*

Canadian Accounting Perspectives, 2004

In April 1994, the Canadian Accounting Standards Board formally approved a new accounting standar... more In April 1994, the Canadian Accounting Standards Board formally approved a new accounting standard for contingent gains and losses. The new standard would have increased the frequency of recording contingent losses, enabled the accrual of some contingent gains, and enhanced disclosures for all contingencies. The changes would primarily have been achieved by requiring management, and their legal advisers, to make predictions, estimates, and disclosures that the existing accounting standard enabled them to avoid. Over two years later, and following numerous changes to the implementation date, the board ultimately decided not to release the new standard, and in July 1999, formally abandoned the contingencies project. This study provides a telling of the standard's genesis, development, and ultimate demise, which should prove instructive to those parties with an interest and a stake in accounting standard setting.

Research paper thumbnail of Financial Reporting Regulation and the Reporting of Pro Forma Earnings

Accounting Horizons, 2006

SYNOPSIS: A primary objective of the Sarbanes-Oxley Act is to bolster public confi- dence in the ... more SYNOPSIS: A primary objective of the Sarbanes-Oxley Act is to bolster public confi- dence in the U.S. capital markets. The SEC aims to achieve this objective in part by regulating the use of alternate earnings measures (colloquially referred to as ''pro forma'' earnings) that differ from generally accepted accounting principles. This paper examines whether firms change their reporting practice in

Research paper thumbnail of The Value Relevance of Alternative Earnings Measures: A Comparison of Pro Forma, GAAP, and I/B/E/S Earnings

This article explores whether pro forma earnings, GAAP earnings, and I/B/E/S earnings are value r... more This article explores whether pro forma earnings, GAAP earnings, and I/B/E/S earnings are value relevant and, more important, which in comparative terms has the greatest value relevance. In addition to using actual pro forma measures contained in earnings press releases of Standard and Poor's (S&P) 500 firms, our design employs both traditional price and returns association models and incorporates both

Research paper thumbnail of The incomplete disclosure of litigation-type contingencies: Contemporary Canadian evidence

Journal of International Accounting, Auditing and Taxation, 1994

... For example, in Canada, Chesley (1986), using experiments, and Chesley and Weir (1985), using... more ... For example, in Canada, Chesley (1986), using experiments, and Chesley and Weir (1985), using surveys, found a wide variation in the interpretation of Section 3290 terms "probable ... Haley Industries Limited Hammond Manufacturing Company Limited Harris Steel Group Inc. ...

Research paper thumbnail of The Voluntary Disclosure of Pro Forma Earnings: A U.S.‐Canada Comparison

Journal of International Accounting Research, 2005

Research paper thumbnail of Misleading Disclosure of Pro Forma Earnings: An Empirical Examination

Journal of Business Ethics, 2006

The Sarbanes–Oxley (SOX) Act was passed in 2002 in response to various instances of corporate mal... more The Sarbanes–Oxley (SOX) Act was passed in 2002 in response to various instances of corporate malfeasance. The Act, designed to protect investors, led to wide-ranging regulation over various actions of managers, auditors and investment analysts. Part of SOX, and the focus of this study, targeted the disclosure by firms of “pro forma” earnings, an alternate (from GAAP earnings), flexible and

Research paper thumbnail of VOLUNTARY DISCLOSURE PRACTICES: THE USE OF PRO FORMA REPORTING

Journal of Applied Corporate Finance, 2004

Research paper thumbnail of Relevance, Reliability, and the Earnings Quality Debate

Issues in Accounting Education, 2003

These instructional materials are designed to elicit debate about the primary accounting qualitie... more These instructional materials are designed to elicit debate about the primary accounting qualities of relevance and reliability, and to encourage you to consider how these qualities are linked to the debate over earnings quality. The case material comprises two narrative essays, which elicit divergent views about relevance and reliability, and several discussion questions. You will use these essays and discussion questions as the foundation for a discussion and building a deeper understanding of earnings quality, through extensive inquiry of fundamental financial accounting concepts.

Research paper thumbnail of An Archival Study of the Existence, Cause, and Discovery of Income-Affecting Financial Statement Misstatements

Contemporary Accounting Research, 1994

Abstract. This paper reports the results of an archival study of the existence, cause, and discov... more Abstract. This paper reports the results of an archival study of the existence, cause, and discovery of income-affecting financial statement misstatements documented in the working papers of a major Canadian public accounting firm. In addition, it provides finer evidence ...

Research paper thumbnail of The Life and Death of the Canadian Contingent Gains and Losses Accounting Standards Project*

Canadian Accounting Perspectives, 2004

In April 1994, the Canadian Accounting Standards Board formally approved a new accounting standar... more In April 1994, the Canadian Accounting Standards Board formally approved a new accounting standard for contingent gains and losses. The new standard would have increased the frequency of recording contingent losses, enabled the accrual of some contingent gains, and enhanced disclosures for all contingencies. The changes would primarily have been achieved by requiring management, and their legal advisers, to make predictions, estimates, and disclosures that the existing accounting standard enabled them to avoid. Over two years later, and following numerous changes to the implementation date, the board ultimately decided not to release the new standard, and in July 1999, formally abandoned the contingencies project. This study provides a telling of the standard's genesis, development, and ultimate demise, which should prove instructive to those parties with an interest and a stake in accounting standard setting.

Research paper thumbnail of Financial Reporting Regulation and the Reporting of Pro Forma Earnings

Accounting Horizons, 2006

SYNOPSIS: A primary objective of the Sarbanes-Oxley Act is to bolster public confi- dence in the ... more SYNOPSIS: A primary objective of the Sarbanes-Oxley Act is to bolster public confi- dence in the U.S. capital markets. The SEC aims to achieve this objective in part by regulating the use of alternate earnings measures (colloquially referred to as ''pro forma'' earnings) that differ from generally accepted accounting principles. This paper examines whether firms change their reporting practice in