ETHICS, EQUITY, AND REGULATION ADVANCES IN PUBLIC INTEREST ACCOUNTING Series Editor: Cheryl R. Lehman Recent Volumes: Volume 1: Volume 2: (1986) (1987) Volume Volume Volume Volume (1990) (1991) (1993) (1995) 3: 4: 5: 6: Volume 7: Volume 8: Volume 9: Volume 10: Volume 11: Volume 12: Volume 13: Volume 14: (1998) (2001) Advances in Accountability: Regulation, Research, Gender and Justice (2002) Mirrors and Prisms: Interrogating Accounting (2005) Re-inventing Realities (2005) Corporate Governance: Does Any Size Fit? (2006) Independent Accounts (2008) Envisioning a New Accountability (2009) Extending Schumacher’s Concept of Total Accounting and Accountability into the 21st Century ADVANCES IN PUBLIC INTEREST ACCOUNTING VOLUME 15 ETHICS, EQUITY, AND REGULATION SERIES EDITOR CHERYL R. LEHMAN Hofstra University, New York, USA ASSOCIATE EDITORS TONY TINKER Baruch College, The City University of New York, USA BARBARA MERINO University of North Texas, USA MARILYN NEIMARK Baruch College, The City University of New York, USA United Kingdom – North America – Japan India – Malaysia – China Emerald Group Publishing Limited Howard House, Wagon Lane, Bingley BD16 1WA, UK First edition 2010 Copyright r 2010 Emerald Group Publishing Limited Reprints and permission service Contact:
[email protected] No part of this book may be reproduced, stored in a retrieval system, transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without either the prior written permission of the publisher or a licence permitting restricted copying issued in the UK by The Copyright Licensing Agency and in the USA by The Copyright Clearance Center. No responsibility is accepted for the accuracy of information contained in the text, illustrations or advertisements. The opinions expressed in these chapters are not necessarily those of the Editor or the publisher. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library ISBN: 978-1-84950-728-8 ISSN: 1041-7060 (Series) Awarded in recognition of Emerald’s production department’s adherence to quality systems and processes when preparing scholarly journals for print CONTENTS LIST OF CONTRIBUTORS vii AD HOC REVIEWERS ix THE IMPACT OF REGULATION ON ECONOMIC BONDING AND AUDITOR INDEPENDENCE: AN ANALYSIS OF SOX AND SUGGESTIONS FOR FUTURE RESEARCH Denise Dickins and Terrance Skantz 1 ROLE PERCEPTIONS OF ACCOUNTANTS: TEN MORE YEARS THROUGH THE LOOKING GLASS Charles R. Enis 23 SUSTAINABILITY REPUTATION AND ENVIRONMENTAL PERFORMANCE OR ‘‘THE PROOF OF THE PUDDING IS IN THE EATING’’ Martin Freedman and A. J. Stagliano 61 A STUDY OF THE EXPECTATIONS GAP FOR NOASSURANCE SERVICES Brian Patrick Green, Alan Reinstein and Cathleen L. Miller DOES EQUITY COMPENSATION INDUCE EXECUTIVES TO MAXIMIZE FIRM VALUE OR THEIR OWN PERSONAL WEALTH? Theresa F. Henry v 75 111 vi CONTENTS THE GAME OF FRAUDULENT FINANCIAL REPORTING: ACCOUNTING FOR ETHICS Keith L. Jones 141 STAKEHOLDERS’ PERCEPTIONS ON THE ACCOUNTABILITY OF MALAYSIAN LOCAL AUTHORITIES Stuart Tooley, Jill Hooks and Norida Basnan 161 AN EXPERIMENTAL INVESTIGATION OF THE INTENTIONS TO ACCRUE AND DISCLOSE ENVIRONMENTAL LIABILITIES Stephanie M. Weidman, Anthony P. Curatola and Frank Linnehan 195 LIST OF CONTRIBUTORS Norida Basnan Universiti Kebangsaan Malaysia, Bangi Selangor, Malaysia Anthony P. Curatola