auditor s report an international comparison
encyclopedia of accounting (colin clubb)
... (1985) An analysis of lease disclosures by Australian companies Abacus, 21, 44–62 Deloitte, Haskins and Sells (1985) Accounting by lessees following SSAP 21 London: Deloitte, Haskins and Sells El-Gazzar, ... ‘‘the risks and rewards incident to 30 accounting for leases standards ownership’’ remain with the lessor Thus, lessors would treat assets held for operating leases as depreciable assets, and would ... Analysis of Standards Conceptually, the various regulations governing the accounting for and reporting of lease transactions in published financial statements of lessees and lessors are based...
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Mental Health Policy and Service Guidance Package: QUALITY IMPROVEMENT FOR MENTAL HEALTH potx
... problems associated with establishing criteria for standards rather than with scores per se In order to resolve this difficulty, quality assessments should cover specific aspects of services It should ... to assess the quality of care This monitoring can take the following forms: > use of standards to assess the service annually; > use of accreditation procedures to assess and accredit new service ... process and enable long-term sustainability They build consensus and consistency in messages related to the need for quality and can also serve to mobilize resources and other necessary supports...
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a comparison of dividend cash flow and earnings approaches to equity valuation
... , describes an accounting system that tracks financial assets (or debt) Free cash flows are invested in financial assets (or reduce debt) and dividends are paid out of financial assets This merely ... non-cash terminal distribution per share, all adjusted for stock splits and stock dividends Tracking subsequent dividends on non-cash distributions is difficult so the assumption is that securities ... Analysts also discuss equity values in terms of forecasted earnings and the classical "residual income" formula directs how to calculate price from forecasted earnings and book values It is surprising...
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kowalewski et al - 2007 - corporate governance and dividend policy in poland [pcgi-tdi]
... Dividends to sales Cash dividends to sales 0.014 0.166 Assets The company s total assets 625 620 038 420 Debt to Assets Total debt to assets 0.517 0.389 Primary Dummy This variable takes the value ... a company follows one of the corporate governance standards and zero otherwise The TDI consists of three subindices: Board, Disclosure and Shareholders The subindex Board measures the structure, ... TDI and dividend payout, which is robust across different regression specifications and time subsamples Our measure for corporate governance, the TDI, and its subindices enter positively and significantly...
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chen et al - 2004 - audit partner tenure, audit firm tenure, and discretionary accruals does long auditor tenure impair earnings quality
... rest of the paper is organized as follows The next section discusses the related studies and develops the hypotheses Section describes the research design and sample selection Section discusses ... empirical results, and Section provides conclusions Related studies and hypotheses development Prior studies have used auditor litigation (Palmrose 1988), earnings response coefficients (Teoh and Wong ... such as going concern opinions and earnings restatements also have been used (e.g., Geiger and Raghunandan 2002; Myers, Myers, Palmrose, and Scholz 2003), the number of such cases is very small...
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chen et al - 2005 - audit quality and earnings management for taiwan ipo firms
... industry specialist auditors engage in less earnings management Similar to Zhou and Elder (2003), we seek to address these two research questions: (1) Do big five auditors constrain earnings management ... engage in less earnings management in the IPO process Audit quality for Taiwan IPO firms 95 IV Sample selection and results The sample consists of 367 observations of new issues between 1999 and 2002 ... monitoring systems which operate across all accountancy forms, the client s demand for auditor reputation and auditor quality should not have changed, since all Andersen s clients in Taiwan were transferred...
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chi et al - 2010 - the effects of auditors’ pre-client and client-specific experience on earnings quality and perceptions of earnings quality in taiwan
... public companies A company is included in TEJ s public company database for the years in which it is listed on a Taiwanese stock exchange and is 10 Public companies are those whose stocks are traded ... reduce auditor reliance on management s favorable assessments (Kaplan et al 2008).7 Specifically, Tubbs (1992) investigates how experience changes auditors’ knowledge of errors and irregularities ... address several research questions in this paper First, findings in Ball and Shivakumar (2005) and Burgstahler et al (2006) suggest that financial reporting quality is lower for private companies...
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chi et al - 2011 - the effects of audit partner pre-client and client-specific experience on earnings quality and on perceptions of audit quality
... identity as part of the financial statement disclose We investigate these issues using a sample of Taiwanese companies because audit reports in Taiwan reveal the names of the audit firm and of two signing ... interest rate spread, consistent with Hypothesis In addition, the joint tests on PreListPT and PreListFT, and on PostListPT and PostListFT are also significantly negative (p < 0.01) Thus, our results ... statements (just like public companies), we can perform analyses using samples of both public and private companies These important features of the Taiwanese audit market allow us to measure various...
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hamilton et al - 2005 - audit partner rotation, earnings quality and earnings conservatism [mapr]
... clients of large and small audit firms Table reports the results of our second set of conservatism tests, where accruals are regressed on contemporaneous operating cash flow as suggested by Ball and ... losses, and so an asymmetry is expected In contrast to the smoothing role of accruals, timely recognition of gains and losses creates a positive correlation between accruals and cash flows An ... suggests that prior to the changes to F1, clients were more able to resist audit partner changes that assist the audit firm to restrict aggressive accounting Table reports results of tests using...
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chung - 2004 - selective mandatory auditor rotation and audit quality - an empirical investigation of auditor designation policy in korea [mar]
... Accounting Standards for Business Enterprises Improper auditor change Designated as poor quality stock by the KSE IPO planned in subsequent fiscal year Excess loans to related parties Failed to ... auditors, more aggressive legal actions against audit failures, and severer sanctions by the regulatory bodies against audit deficiencies, could yield results other than those shown in this study.16 ... transparency is an essential element in the issuing and trading o f securities The securities market in Korea is no exception Many securities-related laws and regulations exist to provide this basic foundation...
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lee et al - 2006 - auditor conservatism and audit quality - evidence from ipo earnings forecasts
... advisors would reasonably require and expect in the prospectus for the purpose of making an informed assessment as to: a) the assets and liabilities, financial position, profits and losses and prospects ... Panel A reports regression models of determinants of accuracy, while Panel B reports regression models of determinants of bias The first model in each of Panels A and B (i.e., Models and 3) report ... (i) issue size and (ii) on a per share basis with the deflation by the issue price per share This results in two measures of forecast accuracy: error as a percentage of issue size and per share...
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myers et al - 2003 - exploring the term of the auditor-client relationship and the quality of earnings a case for mandatory auditor rotation
... Relationship Lasts at Least Five Years and Observations Where the Auditor- Client Relationship Lasts for Less than Five Years t-statistics for Tests of Differences in Means (Z-statistics for Tests of ... aggressive in their oversight of management early in an auditor s tenure First, Geiger and Raghunandan (2002) suggest that one reason new auditors are less aggressive in their oversight is because ... years; and more than years (when an auditor- client relationship lasts for at least years).14 We selected these stages (or groupings) for two reasons First, drafts of the Congressional bills cited...
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![kowalewski et al - 2007 - corporate governance and dividend policy in poland [pcgi-tdi]](https://media.store123doc.com/images/document/2015_01/06/small_yva1420548426.jpg)
kowalewski et al - 2007 - corporate governance and dividend policy in poland [pcgi-tdi]
... Dividends to sales Cash dividends to sales 0.014 0.166 Assets The company s total assets 625 620 038 420 Debt to Assets Total debt to assets 0.517 0.389 Primary Dummy This variable takes the value ... a company follows one of the corporate governance standards and zero otherwise The TDI consists of three subindices: Board, Disclosure and Shareholders The subindex Board measures the structure, ... TDI and dividend payout, which is robust across different regression specifications and time subsamples Our measure for corporate governance, the TDI, and its subindices enter positively and significantly...
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vafeas - 2005 - audit committees, boards, and the quality of reported earnings
... les changements dans la gouvernance qui réduisent les risques d’omission de variables souvent présents dans les tests transversaux L’étude des tendances chronologiques est également importante, ... Research des résultats et de la prévention des résultats négatifs Des régressions des changements observ s dans les conseils d’administration et les comit s de vérification sur les indicateurs ... des résultats négatifs, les deux variables substituts de la qualité des résultats Ses observations découlent de régressions logistiques multivariées expliquant la probabilité de faibles hausses...
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tendeloo et al - 2008 - earnings management and audit quality in europe
... research hypotheses Section describes the research design The results of the study and sensitivity analyses are presented in Section We conclude in Section with summarizing our results and discussing ... auditor in private firms is relevant The main users of private firms’ financial statements are stakeholders other than equity investors, such as employees, bankers, customers, suppliers and the government ... Francis, Ann Jorissen, Steven Maijoor, Jeffrey Pittman, Carl Reyns, Srinivasan Sankaraguruswamy, Stuart Turley and the participants of the 2005 Annual ¨ Congress of the European Accounting Association...
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lin and hwang - 2010 - audit quality, corporate governance, and earnings management
... number of studies in the meta-analysis and z is the combined standard z-value for the metaanalysis The robustness of a significant relationship as represented by its fail-safe number can be compared ... individual existing studies We convert all t-statistics and c2-statistics to their corresponding p-values and then to Z-statistics as the measure of effect size The individual Z-statistics are then ... Earnings Management: A Meta-Analysis is necessary, through which management is overseen and supervised to reduce the agency costs and align the interests of management with those of the investors While...
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Chapter 17 dividends and dividend policy
... Concepts and Skills • Understand dividend types and how they are paid • Understand the issues surrounding dividend policy decisions • Understand the difference between cash and stock dividends • ... Dividends • Pay additional shares of stock instead of cash • Increases the number of outstanding shares • Small stock dividend – Less than 20 to 25% – If you own 100 shares and the company declared ... Repurchases • Stock repurchases send a positive signal that management believes the current price is low • Tender offers send a more positive signal than open market repurchases because the company is...
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Cash flow volatility and dividend policy
... dataset used in this study Chapter presents the empirical results and makes a discussion based on them Chapter summarizes the findings from the empirical analysis, gets main conclusions and points ... Industry This chapter introduces the characteristics of Real Estate Investment Trust The reasons and advantages to choose REIT data in this study are discussed based on these characteristics in ... owning, and in most cases, operating income-producing real estate, such as apartments, shopping centers, offices and warehouses Some REITs also engage in financing real estate The U .S Congress created...
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Relationship between ownership concentration and dividend policy evidence from listed companies in HOSE
... bondholders) Managers usually have more information about the firm s performance and future prospects than which is outsiders possessed These gaps of information between managers and investors may cause ... This theory is based on the fact that, there always is an existence of asymmetric information between the insiders (such as managers and directors) and the outsiders (such as shareholders and ... variables consist of year dummies, DLOSS dummy disclose that ROA is negative, and finally KD dummies are business group dummies A logit regression was used to analyze data The result of this study is...
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World Bank Lending and the Quality of Economic Policy
... with system generalized methods of moments and cross-sectional two-stage least squares The more positive results in the study relative to some previous studies based on earlier loans are consistent ... preparation: An empirical analysis of World Bank projects Villanova School of Business Department of Economics and Statistics Working Paper Series 14, Villanova School of Business Department of Economics ... Policy and Institutional Assessment (CPIA) ratings The CPIA assessments are subjective ratings of 16 policy indicators, grouped into “clusters”, updated annually by World Bank staff.7 Possible scores...
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