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Public Accounting And The Myth Of The Public Interest.Pdf, Wm. Dennis Huber 2016

Public Accounting And The Myth Of The Public Interest.Pdf, Wm. Dennis Huber

Wm. Dennis Huber

For decades it has been drummed into the conscience, the consciousness, and the subconscious of accounting students, researchers, and practitioners alike that the public interest is the sine qua non of the public accounting profession. Accounting researchers have attempted to explore the multi-faceted nature of what is referred to as the public interest based on the assumption that the public interest actually exists in the public accounting profession (including professional accounting organizations, government and quasi-government regulatory agencies, and auditing and accounting standard setting bodies). This paper questions that assumption by conducting an exegesis of the texts of the legislative findings ...


Public Accounting And The Myth Of The Public Interest.Pdf, Wm. Dennis Huber 2016 Capella University

Public Accounting And The Myth Of The Public Interest.Pdf, Wm. Dennis Huber

Wm. Dennis Huber

For decades it has been drummed into the conscience, the consciousness, and the subconscious of accounting students, researchers, and practitioners alike that the public interest is the sine qua non of the public accounting profession. Accounting researchers have attempted to explore the multi-faceted nature of what is referred to as the public interest based on the assumption that the public interest actually exists in the public accounting profession (including professional accounting organizations, government and quasi-government regulatory agencies, and auditing and accounting standard setting bodies). This paper questions that assumption by conducting an exegesis of the texts of the legislative findings ...


Essays On Foreign Firms Following Deregistration From U.S. Exchanges, Kathleen Michelle Bakarich 2016 Graduate Center, City University of New York

Essays On Foreign Firms Following Deregistration From U.S. Exchanges, Kathleen Michelle Bakarich

All Dissertations, Theses, and Capstone Projects (2014-Present)

In 2007 the SEC introduced Rule 12h-6, which significantly reduced the requirements for cross-listed firms to leave U.S. markets. While the benefits and costs of cross-listing in the U.S. have been widely analyzed in prior literature, questions as to the impact of deregistration on firms, investors, and other parties have been raised given the increase in foreign firms leaving the U.S. over the past decade. In addition, the growing global adoption of International Financial Reporting Standards (IFRS) and worldwide regulatory developments over this time period have brought changes to the home markets to which deregistering firms return ...


Student Debt: Impact On Student Choices, Kelsey Cavanaugh 2016 College of Saint Benedict/Saint John's University

Student Debt: Impact On Student Choices, Kelsey Cavanaugh

Celebrating Scholarship & Creativity Day

In 2010 student loans became the second largest portion of US debt. Today, the estimated total is 1.4 trillion. Over the last decade the average debt per student has increased 56%, which is double the inflation rate for that period. The graduating class of 2014 left college with an average of about $29,000 of debt. Lastly, the number of federal borrowers today is 7.5 million and growing. This presentation examines how student debt affects students’ spending choices after college and what has changed in these patterns over the last decade.


Initial Public Offerings (Ipos), Kevin Keller 2016 College of Saint Benedict/Saint John's University

Initial Public Offerings (Ipos), Kevin Keller

Celebrating Scholarship & Creativity Day

As an investor, the first rule is to never get caught up in your emotions. There are thousands of different (exciting) investment opportunities in today’s world, and some of them tend to be a bit riskier than others. These consist of stocks, bonds, certificates of deposit, mutual funds, exchange-traded funds, and several others. However, where do most of these investment tools originate? In order for a stock to be publicly traded on the stock exchange, it must undergo what it called an initial public offering (which I will refer to as an IPO). Since the primary objective is to ...


Accounting For The Government Funding Of Non-Profits And The Planned Parenthood Federation Of America, Rachel E. Brown 2016 Liberty University

Accounting For The Government Funding Of Non-Profits And The Planned Parenthood Federation Of America, Rachel E. Brown

Senior Honors Theses

Accounting creates a framework for providing transparency in an organization. This foundation is especially important in not-for-profit entities because government grants and contributions often compose significant portions of overall revenues and receipts. An overview of non-profit standards and the government system of distributing funds provides insight into non-profits as a whole and enables the study of specific organizations. As the nation’s largest provider of abortion and family planning services, the Planned Parenthood Federation of America is an especially important organization to study and understand. It receives significant funds from federal and state governments and should receive equally significant evaluation ...


Voluntary Internal Control Weakness Disclosures In Initial Public Offerings: Determinants And Subsequent Financial Reporting Quality, Tiffany Jo Westfall 2016 University of Nebraska-Lincoln

Voluntary Internal Control Weakness Disclosures In Initial Public Offerings: Determinants And Subsequent Financial Reporting Quality, Tiffany Jo Westfall

Dissertations and Theses from the College of Business Administration

This study examines registrants’ incentives to disclose internal control weaknesses (ICWs) voluntarily in IPO registration statements and their post-IPO financial reporting quality. Using a sample of initial public offering (IPO) registrants from 2005-2013, I find that increasing management’s disclosure credibility, by hiring a new CEO in the IPO, is an incentive to include ICWs in IPO registration statements. I find that management does build credibility with underwriters evidenced by IPO registrants that disclose ICWs voluntarily are associated with higher IPO offer prices. The results suggest that registrants including voluntary ICW disclosures are more likely to receive an adverse SOX ...


Transfer Pricing Equity: An Examination Of Reported Revenue Versus Expected Revenue, Justin Moore, Harold Harold, Clarence Coleman 2016 Winthrop University

Transfer Pricing Equity: An Examination Of Reported Revenue Versus Expected Revenue, Justin Moore, Harold Harold, Clarence Coleman

The Winthrop McNair Research Bulletin

This research examines whether African crude oil and natural gas liquids (NGLs) sales revenue deviates from expected sales revenue based on market prices. The deviation may be the result of International Oil Companies (IOCs) transferring a significant amount of crude oils and NGLs to other regions of the world to be turned into finished goods, due to the lack of refining capacity in Africa. This situation suggests that the African region’s governments are placed at a significant disadvantage from profiting off the crude oils and NGLs reserves in their countries because they cannot turn the majority of crude oils ...


Audit Committee Incentive Compensation And Accounting Restatements, Deborah Archambeault, F. Todd DeZoort, Dana Hermanson 2016 SUNY Albany

Audit Committee Incentive Compensation And Accounting Restatements, Deborah Archambeault, F. Todd Dezoort, Dana Hermanson

Deborah Archambeault

This study investigates whether incentive-based compensation for audit committee members is associated with accounting restatements. We use an agency framework to predict that short-term (long-term) incentive compensation for audit committee members will increase (decrease) the likelihood of accounting restatements due to error or fraud. Using a matched-sample logistic regression with 153 restatement and 153 nonrestatement companies, we find the predicted positive relation between short-term incentive compensation (short-term stock option grants) for audit committee members and likelihood of restatement. However, the long-term incentive compensation results contradict prediction and indicate a significant positive relation between audit committee member long-term incentive compensation {long-term ...


Analyst Reputation And Management Earnings Forecasts, Joonho LEE, Jae Bum KIM, Yongtae KIM 2016 Singapore Management University

Analyst Reputation And Management Earnings Forecasts, Joonho Lee, Jae Bum Kim, Yongtae Kim

Yongtae Kim

No abstract provided.


Sec's Ultra Vires Recognition Of The Fasb.Pdf, Wm. Dennis Huber 2016 Capella University

Sec's Ultra Vires Recognition Of The Fasb.Pdf, Wm. Dennis Huber

Wm. Dennis Huber

The Sarbanes-Oxley Act of 2002 conferred upon the Securities and Exchange
Commission (“SEC”) the authority to recognize as “‘generally accepted’
for purposes of the securities laws, any accounting principles established
by a standard setting body” provided that the standard setting body
met certain conditions. Two weeks after the Sarbanes-Oxley Act was
signed into law in July, 2002 the Financial Accounting Standards Board
(“FASB”) and its parent organization, the Financial Accounting Foundation,
submitted a letter to the SEC declaring that it met the conditions set
forth in the Sarbanes-Oxley Act. Eight months later, in April, 2003 the SEC
issued a policy ...


Corporate Tax Inversions: The New Business Strategy, Lynelle Fung 2016 University of Redlands

Corporate Tax Inversions: The New Business Strategy, Lynelle Fung

Undergraduate Honors Theses

Throughout the past century, with our world becoming ever smaller as a result of new-age technology and transportation, it has become increasingly important for companies to expand in the international market. With the United States' capitalist mindset in full swing, companies are becoming bigger than ever before with all eyes set on the next challenge and to outperform the competition. With strong competitors rising from various countries, the different environments of operation are apparent as a result of each country's regulations, tax laws, and reporting requirements. One major discrepancy is that of corporate tax laws and rates. With the ...


Ceo Overconfidence And Management Forecasting, Paul HRIBAR, Holly I. YANG 2016 University of Iowa

Ceo Overconfidence And Management Forecasting, Paul Hribar, Holly I. Yang

Research Collection School Of Accountancy

This paper examines how overconfidence affects the properties of management forecasts. Using both the ‘over‐optimism’ and ‘miscalibration’ effects of overconfidence to generate our predictions, we examine three research questions. First, we examine whether overconfidence increases the likelihood of issuing a forecast. Second, we examine whether overconfidence increases the amount of optimism in management forecasts. Third, we examine whether overconfidence increases the specificity and precision of the forecast. We use both options‐ and press‐based measures to proxy for individual overconfidence, and find support for all three research questions. We further find that the results are concentrated among firms that ...


Analysts, Macroeconomic News, And The Benefit Of Active In-House Economists, Artur HUGON, Alok KUMAR, An-Ping LIN 2016 Singapore Management University

Analysts, Macroeconomic News, And The Benefit Of Active In-House Economists, Artur Hugon, Alok Kumar, An-Ping Lin

Research Collection School Of Accountancy

Although macroeconomic news has a major impact on corporate earnings, anecdotal evidence suggests that financial analyst research is inefficient with respect to such news. Examining analysts' earnings research, we find that they underreact to negative macroeconomic news. Analysts are not all equal, though, as analysts employed at the same firm as an active macroeconomist underreact much less. We find that the benefit of analyst access to an economist is concentrated in firms that are high in cyclicality relative to their industry, high in cyclicality in general, and that are smaller in size. In addition, analysts who are exposed to more ...


Fin 48: The Impact On Staffing, Internal Control Processes And Expertise Of Privately-Held Companies, Reed Kirschling, Michael Akers 2016 Marquette University

Fin 48: The Impact On Staffing, Internal Control Processes And Expertise Of Privately-Held Companies, Reed Kirschling, Michael Akers

Michael D. Akers

While FASB Interpretation 48 (FIN 48), Accounting for Uncertainty in Income Taxes-An Interpretation of Statement of Financial Accounting Standards (SFAS) 109, Accounting for Income Taxes applies to both privately-held and publicly traded companies, privately-held companies have characteristics that can impact implementation. This paper reports the findings of a survey of the top 100 privately-held companies to determine how these organizations are addressing the staffing of tax department personnel, process controls and knowledge acquisition during the implementation of FIN 48.


International Perception Of Corruption, Bina Menon, Michael Akers 2016 Marquette University

International Perception Of Corruption, Bina Menon, Michael Akers

Michael D. Akers

The discussion of corruption and bribery in most auditing textbooks focuses only on the Foreign Corrupt Practices Act which is an amendment to the Securities Exchange Act of 1934. As the US moves toward the implementation of International Financial Reporting Standards (IFRS) and international auditing standards, an understanding of international legislation pertaining to corruption and the perception of corruption in specific countries are important. This paper provides an overview of the Foreign Corrupt Practices Act (FCPA) and the Organization for Economic Co-operation and Development (OECD) Anti-bribery Convention. While prior literature has discussed the impact of both the FCPA and OECD ...


Review Of Modern Auditing, Michael Akers 2016 Marquette University

Review Of Modern Auditing, Michael Akers

Michael D. Akers

No abstract provided.


Global Dental Equipment: How Variance Analysis Can Help A Startup Business Survive Growing Pains, Michael Lee, Celia Renner 2016 Boise State University

Global Dental Equipment: How Variance Analysis Can Help A Startup Business Survive Growing Pains, Michael Lee, Celia Renner

Michael Lee

This educational case study describes an entrepreneurial crisis at Global Dental Equipment (GDE), a company selling used dental equipment. GDE had grown from a startup and reached a volume of activity such that the founder was no longer able to personally manage all of the dayto- day aspects of the business. The evolution of GDE from startup to rapid growth to bringing in outside investors and a Board of Directors is described. During its early years, GDE’s accounting system supported historical reporting, compliance, and taxation requirements. However, GDE reached a point where it needed to use more detailed and ...


Female Board Representation And Corporate Acquisition Intensity, Guoli CHEN, Craig CROSSLAND, Sterling Zhenrui HUANG 2016 INSEAD

Female Board Representation And Corporate Acquisition Intensity, Guoli Chen, Craig Crossland, Sterling Zhenrui Huang

Research Collection School Of Accountancy

This study examines the impact of female board representation on firm-level strategic behavior within the domain of mergers and acquisitions (M&A). We build on social identity theory to predict that greater female representation on a firm's board will be negatively associated with both the number of acquisitions the firm engages in and, conditional on doing a deal, acquisition size. Using a comprehensive, multi-year sample of U.S. public firms, we find strong support for our hypotheses. We demonstrate the robustness of our findings through the use of a difference-in-differences analysis on a sub-sample of firms that experienced exogenous ...


Preparing Accounting Graduates For Digital Revolution: A Critical Review Of Information Technology Competencies And Skills Development, Gary PAN, Poh-Sun SEOW 2016 Singapore Management University

Preparing Accounting Graduates For Digital Revolution: A Critical Review Of Information Technology Competencies And Skills Development, Gary Pan, Poh-Sun Seow

Research Collection School Of Accountancy

The pervasiveness of information technology (IT) in businesses has altered the nature and economies of accounting activities. In particular, the emergence of cloud computing, eXtensible Business Reporting Language, and business analytics in recent years have transformed the way companies report financial performance and make business decisions. As a consequence, there is a surge in demand for advanced IT skills among accounting professionals. In this research, we aim to review selected articles published between 2004 and 2014 based on selected search phrases. The outcome of the review may serve as an important input for current and future accounting curriculum revisions.


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