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Full-Text Articles in Business Law, Public Responsibility, and Ethics

Qualitative Materiality In Government Audit Planning, Sridhar Ramamoorti, Andrea Lee Hoey Mar 1998

Qualitative Materiality In Government Audit Planning, Sridhar Ramamoorti, Andrea Lee Hoey

Accounting Faculty Publications

The political sensitivity of the area under audit to adverse media exposure and litigation concerns the nature rather than the size of an amount, such as illegal acts, bribery and corruption, related party transactions, snowballing patterns of error and other risks that grow over time. Qualitative materiality considerations should not be ignored-they can and frequently do influence the nature and scope of governmental audits. Financial Accounting Standards Board Concepts Statement No. 2 defines materiality as the magnitude of an omission or misstatement that would influence the decisions of a user of financial statements. Audit planning needs to incorporate considerations of ...


Political Institutions And Electric Utility Investment: A Cross-Nation Analysis, Mario E. Bergara, Witold J. Henisz, Pablo T. Spiller Jan 1998

Political Institutions And Electric Utility Investment: A Cross-Nation Analysis, Mario E. Bergara, Witold J. Henisz, Pablo T. Spiller

Management Papers

While cross-border investment flows are surging to levels not witnessed since before the Great Depression, the evaluation of political risk inherent in these projects has changed little since the 1960s. Since 1983, foreign direct investment inflows to developing countries have increased five-fold. From 1989 to 1992, the stock of American affiliates infrastructure assets grew by 153% leading to the share of total assets invested in infrastructure doubling from 1.6% to 3.0%. While this is but a fraction of the peak of 22% reached in 1940, recent research by the World Bank suggests that more than $2.0 trillion ...


Can Internet Offerings Bridge The Small Business Capital Barrier?, Jill E. Fisch Jan 1998

Can Internet Offerings Bridge The Small Business Capital Barrier?, Jill E. Fisch

Faculty Scholarship at Penn Law

No abstract provided.


Factors Associated With Audit Client Relationships “At Risk”, Joseph Carcello, Dana Hermanson, Roger Hermanson Dec 1997

Factors Associated With Audit Client Relationships “At Risk”, Joseph Carcello, Dana Hermanson, Roger Hermanson

Joseph V. Carcello

On occasion, rather than having a successful relationship, an audit client relationship is “at risk”—the client is giving consideration to changing auditors in the next few years. Can client relationships “at risk” be predicted or at least identified early enough to minimize the damage? This exploratory study provides insight into this important question. Based on a large sample of Fortune 1000 companies, the results indicate that client satisfaction, corporate controller work experience, and audit firm executive involvement in the engagement all are important determinants of the success of the relationship.