Real options, enforcement of goodwill/intangibles rules, and associated behavioural issues

Mike Nwogugu

Journal of Money Laundering Control, 2015, vol. 18, issue 3, 330-351

Abstract: Purpose - – The purpose of this paper is to introduce new economic psychology theories that can explain fraud, misconduct and non-compliance that may arise from the implementation and enforcement of accounting standards codification (ASC) 805/350, international financial reporting standards (IFRS) 3R and IAS-38. Design/methodology/approach - – The approach is entirely theoretical. The paper analyzes existing theories about real options and enforcement of regulations/statutes, and introduces new psychological biases that can arise. Findings - – The real options approach suggested for handling the enforcement of goodwill/intangibles regulations is not effective. Research limitations/implications - – The research is limited to international accounting standards board (IASB)/IFRS and financial accounting standards board (FASB) accounting standards. Originality/value - – The critiques and theories developed in the paper can be used in the analysis of selection of disputes for litigation, anti-corruption programs and regulation of transactions that are susceptible to fraud.

Keywords: Enforcement; Goodwill/Intangibles; Selection of disputes (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:jmlc-02-2014-0008

DOI: 10.1108/JMLC-02-2014-0008

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