Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 9 of 9
Full-Text Articles in Accounting
Goodwill And Goodwill Write-Downs: Their Effects On Earnings Quality For 2008 And 2009, Don Giacomino, Michael Akers
Goodwill And Goodwill Write-Downs: Their Effects On Earnings Quality For 2008 And 2009, Don Giacomino, Michael Akers
Accounting Faculty Research and Publications
This paper examines goodwill on corporate balance sheets. Specifically, the paper measures the extent to which goodwill exists on corporate balance sheets and the degree of goodwill write-downs that have occurred recently. We report on our study and a study by Intangible Business, which show that many firms carry substantial amounts of goodwill on their 2008 balance sheets. Thus, because of the recent downturn in the economy and the markets, the potential for big bath earnings management for 2008 and 2009 exists. In addition, because of reductions in expected returns on pension plan assets, many firms are likely to record …
Testing The Financial Literacy And Expertise Of Audit Committee Members, Don E. Giacomino, Michael D. Akers, Joseph Wall
Testing The Financial Literacy And Expertise Of Audit Committee Members, Don E. Giacomino, Michael D. Akers, Joseph Wall
Accounting Faculty Research and Publications
No abstract provided.
Revisiting Financial (Accounting) Literacy: A Comparison Of Audit Committee Members And Business Students, Don Giacomino, Joseph Wall, Michael D. Akers
Revisiting Financial (Accounting) Literacy: A Comparison Of Audit Committee Members And Business Students, Don Giacomino, Joseph Wall, Michael D. Akers
Accounting Faculty Research and Publications
While financial literacy is important for an audit committee in discharging its duties there is no authoritative guidance or definition and limited empirical research as to what constitutes financial literacy of audit committees and business students. Coates et al. conducted a study that examined the financial literacy of corporate board members and MBA students at the University of Chicago using an instrument developed by Schipper and WeiL Their findings suggest that both groups lack the appropriate level of financial literacy. This paper extends that research by using the same instrument to examine the financial literacy of undergraduate accounting finance students …
Applying Sarbanes-Oxley Principles To Colleges And Universities, Sean Goins, Don Giacomino, Michael D. Akers
Applying Sarbanes-Oxley Principles To Colleges And Universities, Sean Goins, Don Giacomino, Michael D. Akers
Accounting Faculty Research and Publications
In the wake of the financial scandals that have occurred in the corporate sector, the public is demanding more accountability not only from corporations but also from nonprofit organizations such as universities. Institutions can enhance corporate governance by implementing some of the principles and procedures the Sarbanes-Oxley Act of 2002 (SOX) have mandated for public companies. Because public accounting firms audit universities, the firms can provide a valuable service to such clients by recommending ways in which universities can implement SOX practices that are appropriate and applicable. Although SOX does not currently apply to colleges and universities, it has created …
Reduced Income Can Translate Into Larger Tax Deductions And Credits, James Trebby
Reduced Income Can Translate Into Larger Tax Deductions And Credits, James Trebby
Accounting Faculty Research and Publications
No abstract provided.
Trading In Co2 Credits: Tax Issues To Consider, Maureen Mascha, J. William Harden, James Trebby
Trading In Co2 Credits: Tax Issues To Consider, Maureen Mascha, J. William Harden, James Trebby
Accounting Faculty Research and Publications
The issue of limiting carbon emissions has recently commanded international attention. Starting with the 1997 Kyoto Protocol, world markets have begun to coalesce around the notion that carbon dioxide (CO2) emissions should be controlled or capped. There are three generally accepted methods for limiting the emission of CO2: 1) a carbon tax that charges producers a fee for emissions that exceed a prespecified amount; 2) an auction, in which organizations bid on credits that are then used to offset the amount of actual CO2 emitted; and 3) a “cap and trade” system.
International Perception Of Corruption, Bina Menon, Michael D. Akers
International Perception Of Corruption, Bina Menon, Michael D. Akers
Accounting Faculty Research and Publications
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 …
An Examination Of The Use Of The Board Balanced Scorecard By Large Public Corporations, Qianhua Ling, Don Giacomino, Michael Browne, Michael D. Akers
An Examination Of The Use Of The Board Balanced Scorecard By Large Public Corporations, Qianhua Ling, Don Giacomino, Michael Browne, Michael D. Akers
Accounting Faculty Research and Publications
While the Balanced Scorecard (BSC) developed by Norton and Kaplan has gained global prominence as a management tool and there is qualitative accounting literature that discusses the benefits of the Board BSC, there is limited empirical evidence that examines the use of the Board BSC. We surveyed Chairs of large public companies to determine the extent to which they use the Board BSC and the reasons why. Our findings suggest that the Board BSC is currently not a widely used technique by Boards of Directors. We also found that the Sarbanes-Oxley Act of 2002 wasn't an influencing factor for those …
An Empirical Examination Of Whistleblowing Policies And Mechanisms At Universities, Michael D. Akers, Tim V. Eaton
An Empirical Examination Of Whistleblowing Policies And Mechanisms At Universities, Michael D. Akers, Tim V. Eaton
Accounting Faculty Research and Publications
This study empirically examines the implementation of whistleblowing policies and mechanisms at universities.