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Full-Text Articles in Business
Assessing Internal Audit Quality, Audrey A. Gramling, Scott D. Vandervelde
Assessing Internal Audit Quality, Audrey A. Gramling, Scott D. Vandervelde
Faculty and Research Publications
Internal audit quality is an issue of great importance to both the internal and external audit professions. PCAOB Auditing Standard No 2 highlights this importance when addressing the reliance that the external auditor can place on the internal audit work product. The study discussed here experimentally tests the influence of the source of the internal audit function on both the internal and external auditors' evaluation of the quality of the internal audit function. To assess the importance of the internal audit function's sourcing arrangement in the internal audit function's quality assessment, the researchers employ a case study approach, modifying a …
The High Road, Jane E. Campbell, Heather M. Hermanson, John P. Mcallister
The High Road, Jane E. Campbell, Heather M. Hermanson, John P. Mcallister
Faculty and Research Publications
Discusses the obstacles to international accounting standards convergence. Effort of the International Accounting Standards Committee (IASC) to promote to convergence theme; Comparison between the convergence frameworks of the U.S. Securities and Exchange Commission and the Financial Accounting Standards Board; Sections of the 'Framework for the Preparation and Presentation of Financial Statements' document issued by the IASC.
Global Auditing And Accounting Confusion, John P. Mcallister, Larry L. Orsini, John D. Gould
Global Auditing And Accounting Confusion, John P. Mcallister, Larry L. Orsini, John D. Gould
Faculty and Research Publications
The article discusses about the accounting and audit standards in the United States, which is different from one country to another due to business practices, fiscal systems and the law regulating a company. The International Federation of Accountants and the International Accounting Standards Committee aimed to a have a consistency of audit and accounting standards around the world, although these diversities can easily identify a company's national origin and as a basis of the financial statements presentation.
Raising Capital Overseas, John D. Gould, John P. Mcallister, Larry L. Orsini
Raising Capital Overseas, John D. Gould, John P. Mcallister, Larry L. Orsini
Faculty and Research Publications
The article states that more and more companies are trying to raise capital by listing their securities for sale on foreign exchanges.More and more companies are trying to raise capital by listing their securities for sale on foreign exchanges. However, the way financial statements are prepared varies from one country to the next. U.S. companies looking to raise capital abroad must consider the myriad rules regarding financial statement presentation just as foreign companies listing stock in the United States must adhere to the rules and regulations of the Securities and Exchange Commission. Similarly, the costs of reconciling U.S. accounting standards …