We examine whether the Financial Accounting Standards Board (FASB) Codification made it easier for preparers and auditors to locate relevant accounting guidance. We find that areas of U.S. GAAP with more dispersed and voluminous guidance before the Codification experience a larger post-Codification reduction in restatements. We find a similar decline in SEC comment letter questions referencing areas of U.S. GAAP with more dispersed and voluminous pre-Codification guidance. Our results suggest that before the Codification, preparers and auditors had difficulty in locating the appropriate accounting guidance and that the Codification mitigated this difficulty.

中文翻译：

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FASB 编纂是否降低了应用美国公认会计准则的复杂性？

我们研究财务会计准则委员会 (FASB) 的编纂是否使编制者和审计师更容易找到相关的会计指南。我们发现，在编纂之前具有更分散和大量指导的美国公认会计准则领域在编纂后经历了更大的重述减少。我们发现美国证券交易委员会评论信中引用美国公认会计准则领域的评论信问题也出现了类似的下降，其中的编前指南更加分散和大量。我们的结果表明，在编纂之前，编制者和审计师很难找到适当的会计指南，而编纂减轻了这一困难。