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Full-Text Articles in Business
Incentives For Prior Period Error Corrections Under Ias 8, Amanda Carol, Pamela Kent
Incentives For Prior Period Error Corrections Under Ias 8, Amanda Carol, Pamela Kent
Pamela Kent
This study examines whether International Financial Reporting Standard IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors (IAS 8) is used to engage in opportunistic reporting practices by Australian companies. IAS 8 requires prior period errors to be amended retrospectively by restating the comparatives as if the error had never occurred (International Accounting Standards Board, 2009). Hence, the impact of any prior period errors is shown through retained earnings rather than being included in the current period’s profit or loss. Managers could use this treatment for prior period errors as a method for manipulating current period earnings. If this …
Board Gender Diversity And Going Concern Audit Options, Larelle Law Chapple, Pamela Kent, James Routledge
Board Gender Diversity And Going Concern Audit Options, Larelle Law Chapple, Pamela Kent, James Routledge
Pamela Kent
This paper examines the relation between gender diversity on the board of directors and audit committee and the likelihood that a company receives a going concern audit opinion. We find that, after controlling for the strength of corporate governance and relevant financial characteristics, boards with at least one female director are less likely to receive a going concern opinion. We attribute this result to the improved monitoring and risk aversion of female directors. We find that the presence of an audit committee is associated with an increased likelihood of a going concern opinion indicating the important role that the audit …
Choice Of Non-Audit Services' Supplier: Other Consultants Versus The External Auditor, Jacqueline Christensen, Pamela Kent, Jenny Stewart
Choice Of Non-Audit Services' Supplier: Other Consultants Versus The External Auditor, Jacqueline Christensen, Pamela Kent, Jenny Stewart
Pamela Kent
Extract: The research problem for this study is to identify factors that influence a company’s decision to purchase non-audit services (NAS) from their external auditor rather than from an alternative external NAS provider (hereafter described as an external consultant). The study examines whether a company’s competitive position and its corporate governance characteristics influence its choice of NAS provider. It also explores whether receiving a qualified audit opinion is associated with its decision to source NAS from an external consultant.