The book reflects his concern for the societal impact of the significant wealth transfers from nonprofits and the public service sector to big banks to settle obligations arising from being counterparties to IRS.
[6] Abdel-khalik conducted an empirical study regarding the usefulness of disaggregated financial information for commercial lending decision making.
[8] In 2015, Abdel-khalik, jointly with Po-Chang Chen, published a paper linking the growth in OTC derivatives and accounting.
[10] In 2017, Abdel-khalik published an article showing that, for an entire decade, Enron Corporation has borrowed huge amounts of money from both JPMorgan Chase and Citibank under contracts camouflaged as derivative contracts of commodity swaps, but reported these loans as sales revenues and as cash flow from operations.
[11] In 2019, Abdel-khalik published a paper critical of some aspects of accounting standards which reflects his recent research genre.
[12] Abdel-khalik published a paper regarding the motivation of private company owners' demand for audit assurance.
[14] Abdel-khalik conducted two experiments in the 1980s and presented the findings regarding the effects of various organizational structures on external auditors planning audit programs.
[16] Additionally, in another study he assessed the value of major transfer pricing models and discussed their development in the context of a firm's economic performance.
[17] Abdel-khalik and Thomas Keller conducted an experiment on the decision effects of changes in earnings vs. changes in cash flow.
They found results consistent with the semi-strong form of market efficiency—private information are not reflected in security prices.