报告题目：Labor Costs of Implementing New Accounting Standards
报 告 人：黄钟伟
报告地点：腾讯会议（会议号：229 941 391）
While much research focuses on the informational benefits of new accounting standards, the costs of implementing new standards remain unclear. We examine the adoption of two new major standards: ASC 842 leases and ASC 606 revenue recognition. We find an increase in the number of accounting job postings related to those standards as firms prepare to implement the new standards. Firms most affected by the new standards, measured by accounting complexity and early adoption behavior, post a higher number of accounting jobs. We estimate incremental labor costs at about 30 percent of median audit fees for each standard for the most affected firms. These costs, as a percentage of their total employee cost, are higher for smaller firms, indicating a greater regulatory-compliance burden. We provide large-sample evidence on the direct labor costs and thus on the lower bound of implementation costs associated with new accounting standards. Our findings should interest standard setters as they evaluate cost-benefit tradeoffs before issuing new standards.
黄钟伟，复旦大学管理学院副教授，博士毕业于ESSEC Business School。研究方向主要为会计准则制定、证券市场监管、信息中介。研究成果发表于The Accounting Review、Review of Accounting Studies、Journal of Corporate Finance、Journal of Business Finance & Accounting、Auditing: A Journal of Practice & Theory等期刊。
撰稿：曲琦 审核：许浩然 单位：开云手机版官方登录会计学院 辽宁省资本市场财务与会计研究生创新与学术交流中心