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Articles 1 - 7 of 7
Full-Text Articles in Business
Continuous Improvement Systems, Balanced Scorecard Systems And Organisational Performance, Errol Iselin, John Sands, Lokman Mia
Continuous Improvement Systems, Balanced Scorecard Systems And Organisational Performance, Errol Iselin, John Sands, Lokman Mia
Errol Iselin
The use of multi-perspective performance reporting systems (MPRS), such as the balanced scorecard (BSC), is widespread. This study's motivation comes from the importance of these systems and the lack of knowledge about them. Continuous improvement systems (CIS) are another accounting innovation. CIS constantly look for ways to improve performance and are used in conjunction with performance reporting systems. The research objectives are to study MPRS users and to investigate: (1) the dimensions of multi-perspective performance reporting and organisational performance, and (2) the relationship between CIS and performance. We found 10 dimensions of performance reporting, 11 dimensions of performance, and that …
Reputation, Tenure And Compensation Of Independent Audit Committee Members And Financial Restatements, Vineeta Sharma, Errol Iselin
Reputation, Tenure And Compensation Of Independent Audit Committee Members And Financial Restatements, Vineeta Sharma, Errol Iselin
Errol Iselin
We investigate the association between the reputation, tenure and cash compensation of independent audit committee members and the likelihood of financial restatements. We examine these associations for 138 U.S. public firms that announced their restatements from 1 January 2001 to 31 December 2002 and a set of control firms matched on industry and size. We observe a negative association between financial restatements and (i) reputation of independent audit committee members and (ii) the cash compensation paid to independent audit committee members. Our results suggest that independent audit committee members holding multiple directorships have incentives to enhance and protect their reputation …
An Analysis Of Consensus Among Auditors During Internal Control Evaluations – Australian Evidence, Conor O'Leary, Errol Iselin, Divesh Sharma
An Analysis Of Consensus Among Auditors During Internal Control Evaluations – Australian Evidence, Conor O'Leary, Errol Iselin, Divesh Sharma
Errol Iselin
This study evaluates consensus among Australian auditors in performing internal control evaluations. It extends previous international studies by utilising sufficient cues to enable valid assessment, by including all elements of internal control structure concurrently, and by using appropriate subjects. Ninety-four practicing auditors, representing five firms, evaluated two internal control structures using their current firms' evaluation techniques and a structured model. Results yielded predominantly moderate to high levels of consensus, justifying confidence in the audit profession to act in a self-regulatory manner, as current standards and training appear to be achieving inter-professional agreement.
Audit Firm Manuals And Audit Experts’ Approaches To Internal Control Evaluation, Conor O'Leary, Errol Iselin, Divesh Sharma
Audit Firm Manuals And Audit Experts’ Approaches To Internal Control Evaluation, Conor O'Leary, Errol Iselin, Divesh Sharma
Errol Iselin
Internal control evaluation is a crucial component of external auditing. This study uses more direct research techniques than traditional studies, to investigate what practising auditors consider to be good internal control evaluation methods. It then compares these with the current Australian auditing standard (AUS 402). A review of audit methodologies of three of Australia's largest firms, and interviews with five audit experts were conducted. The results demonstrated a shift towards a 'business risk' approach to internal control evaluation. AUS 402 may not always reflect the modern practice, particularly in relation to the significance of individual control elements. The results therefore …
The Balanced Scorecard And Related Systems: The Information Dimensions In Their Performance Reporting Systems, And Their Effects On Performance, Errol Iselin, Lokman Mia, John Sands
The Balanced Scorecard And Related Systems: The Information Dimensions In Their Performance Reporting Systems, And Their Effects On Performance, Errol Iselin, Lokman Mia, John Sands
Errol Iselin
The Balanced Scorecard (BSC) and related systems have become popular in recent times due to problems associated with traditional financial systems. The BSC incorporates a multi-perspective performance reporting system that reports information about four perspectives - learning and growth, internal business processes, customer, and financials. BSC theory argues that there is a cause and effect relationship from the first perspective to the last. There are broader multi-perspective systems in practice that have two additional perspectives to these four - social and environmental. Atkinson et al. (1997) have argued that the BSC is among the most significant developments in management accounting …
The Relative Relevance Of Cash Flow And Accrual Information: A Multi-Method Approach, Divesh Sharma, Errol Iselin
The Relative Relevance Of Cash Flow And Accrual Information: A Multi-Method Approach, Divesh Sharma, Errol Iselin
Errol Iselin
This multi-method study reports the results of two complementary experiments investigating the relevance of cash flow and accrual information. A behavioural field experiment investigated differences in the accuracy of solvency assessments between commercial lending managers using cash flow information and those using accrual information. Results indicated that commercial lending managers using cash flow information made more accurate solvency assessments than managers using accrual information. Results of an archival quantitative modeling experiment complemented these results and indicated cash flow information had incremental information content beyond accrual information. Our results confirmed the decision-usefulness of cash flow information and supported the mandate of …
The Decision Usefulness Of Reported Cash Flow And Accrual Information In A Behavioural Field Experiment, Divesh Sharma, Errol Iselin
The Decision Usefulness Of Reported Cash Flow And Accrual Information In A Behavioural Field Experiment, Divesh Sharma, Errol Iselin
Errol Iselin
While recent capital market studies tend to reveal some information content in cash flows, their results may not be generalisable to other contexts such as the assessment of solvency. Mandated accounting standards on cash flow emphasise the relevance of cash flow data for assessing solvency. However, there is a paucity of research that specifically investigates this contention. Accordingly, this study investigates the decision usefulness of reported cash flow and accrual information in a behavioural field solvency assessment experiment. Using a two-group between-subjects field experiment design, bankers with at least three years corporate lending experience made solvency judgments using either cash …