Title

Political Strategies Used By The Us Public Accounting Profession During Auditor Liability Reform: The Case Of The Private Securities Litigation Reform Act Of 1995

Keywords

Accounting regulation; Auditor liability; Political strategy

Abstract

In this paper we examine the US public accounting profession's use of political strategies during the eight-year period leading up to the passage of the Private Securities Litigation Reform Act of 1995. Our analysis is organized and interpreted within the framework of a recently developed theoretical model of corporate political strategy. Much prior research has addressed the question of why the US public accounting profession would promote litigation reform. However, this study is the first to provide a detailed analysis of how the US profession acted to obtain such reform. The study contributes to the development of a general model of public accounting profession political strategy - a stream of research that is of critical importance given the vital role the federal government plays in the survival of the profession, the significant resources that the profession devotes to political activities, and the recent accounting industry reforms passed by the US Congress. © 2003 Elsevier Inc. All rights reserved.

Publication Date

9-1-2003

Publication Title

Journal of Accounting and Public Policy

Volume

22

Issue

5

Number of Pages

433-457

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1016/j.jaccpubpol.2003.08.001

Socpus ID

0141987802 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/0141987802

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