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Articles 1 - 8 of 8
Full-Text Articles in Business
Audit Committee Incentive Compensation And Accounting Restatements, Deborah Archambeault, F. Todd Dezoort, Dana Hermanson
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 …
Audit Committee Effectiveness: A Synthesis Of The Empirical Audit Committee Literature, F. Todd Dezoort, Dana R. Hermanson, Deborah S. Archambeault, Scott A. Reed
Audit Committee Effectiveness: A Synthesis Of The Empirical Audit Committee Literature, F. Todd Dezoort, Dana R. Hermanson, Deborah S. Archambeault, Scott A. Reed
Deborah Archambeault
The article describes the factors that contribute to audit committee effectiveness. An effective audit committee has qualified members with the authority and resources to protect stakeholder interests by ensuring reliable financial reporting, internal controls, and risk management through its diligent oversight efforts. The determinants of audit committee effectiveness includes the audit committee composition, authority, resources and diligence. The major U.S. stock exchanges require that audit committees be composed of at least three independent, financially literate directors. Team issues also are relevant when considering audit committee composition. The audit committee derives its authority from the full board of directors, federal law …
Fin 48: The Impact On Staffing, Internal Control Processes And Expertise Of Privately-Held Companies, Reed Kirschling, Michael Akers
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
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
An Empirical Analysis Of Cash Flow, Working Capital, And The Stability Of Financial Ratio Groups In The Hospital Industry, David Chun, Terrell Zollinger, Anne Kelly, Robert Sawyer
An Empirical Analysis Of Cash Flow, Working Capital, And The Stability Of Financial Ratio Groups In The Hospital Industry, David Chun, Terrell Zollinger, Anne Kelly, Robert Sawyer
Anne Kelly
Hospitals are facing stringent financial constraints as well as proposed changes in their financial reporting. Three issues were explored: (a) whether hospital financial ratio groups differed from industrial firm financial ratio groups found in previous studies; (b) whether hospital financial ratio groups remained stable over a five-year period 1983–1987; and (c) whether there was a difference between working capital flow, cash flow, and net income plus depreciation as alternative hospital asset flow measures. The results of our study confirmed the existence of five hospital ratio groups that were identical to industrial ratio groups. A separate Cash Flow group emerged for …
Assessing Accountability In U.S. Public Education, Anne Kelly, J. Orris
Assessing Accountability In U.S. Public Education, Anne Kelly, J. Orris
Anne Kelly
Public education accountability rests almost exclusively with schools rather than governments. This paper explores its three dimensions: economy, efficiency, and effectiveness. Performance indicators of these dimensions were developed which facilitated testing of significant differences in means over time using analysis of variance. Only salary and wage expenditures per instruction personnel exhibited greater economy. Instructional equipment per pupil was related to increased efficiency. Several indicators suggested enhanced effectiveness. Student/teacher ratio declined and top performers in public schools improved in achievement. Graduation rate, an indicator of achievement and participation, significantly rose in recent years. In summary, several effectiveness indicators revealed encouraging trends …
The Impact Of Group Selection On Student Performance And Satisfaction, Sakthi Mahenthiran, Pamela Rouse
The Impact Of Group Selection On Student Performance And Satisfaction, Sakthi Mahenthiran, Pamela Rouse
Pamela J. Rouse
Investigates whether the performance and attitudes of students could be improved by giving them some control over the group selection process. Groups were formed either by randomly combining paired friends or by randomly assigning all students. Students completed a group exercise and a group case. The dependent variables were the project grades and student satisfaction. Student satisfaction was measured using a questionnaire. The results show that attitudes of students were more positive when they were allowed to choose a single friend in the group. The project grades were significantly higher when students were paired, and this result was true regardless …