Article: Asset impairment accounting and appraisers: evidence from Japan.

ABSTRACT

The asset impairment accounting system has been introduced throughout the world since the mid-1990s. Even in Japan it has been extensively introduced since 2006. This article clarifies the characteristics of companies that used asset impairment accounting and the actual conditions of appraisers' involvement. The analysis shows that companies with high land-impairment ratios are conspicuously likely to select an appraiser's valuation. Appraisers' participation in asset impairment accounting restricts directors' discretionary behavior and suggests the possibility of increasing financial reports' reliability.

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Japan experienced a sudden rise and ...

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