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

Alternative Corporate Governance Systems In Japanese Firms: Implications For A Shift To Stockholder-Centered Corporate Governance, Toru Yoshikawa, Phillip H. Phan Jun 2001

Alternative Corporate Governance Systems In Japanese Firms: Implications For A Shift To Stockholder-Centered Corporate Governance, Toru Yoshikawa, Phillip H. Phan

Research Collection Lee Kong Chian School Of Business

In Asia, the recent catastrophic decline in regional stock markets, continuing currency crisis and failures of major financial institutions and industrial corporations have increased domestic and international interest in corporate governance. Nowhere is this greater than in Japan where financial institution reform has catapulted this to the fore. Agency theory and institutional theory, together with comparative case examples, are used in a study to derive some propositions on the dynamics of changing corporate governance systems in Japanese firms. The study argues for the co-existence of stakeholder and shareholder-centered corporate governance systems in Japan. This argument has an important implication for ...


Prevention And Detection Of Financial Statement Fraud, M. Beasley, Joseph Carcello, D. Hermanson Apr 2001

Prevention And Detection Of Financial Statement Fraud, M. Beasley, Joseph Carcello, D. Hermanson

Joseph V. Carcello

No abstract provided.


Financial Reporting Fraud: Could It Happen To You?, Mark Beasley, Joseph Carcello, Dana Hermanson Apr 2001

Financial Reporting Fraud: Could It Happen To You?, Mark Beasley, Joseph Carcello, Dana Hermanson

Joseph V. Carcello

You think it can't happen to you. But so did more than 200 companies, slammed hard by the SEC for reporting fraud. Almost immediately, company stock prices plummeted—followed by shareholder lawsuits, bankruptcy, civil fines, and even jail time for some execs. However, say the authors, those companies could have saved themselves—by focusing on four key areas. Here are some clear “dos” and “don'ts” you can't afford to ignore.


Berle And Means Reconsidered At The Century's Turn, William W. Bratton Apr 2001

Berle And Means Reconsidered At The Century's Turn, William W. Bratton

Faculty Scholarship at Penn Law

No abstract provided.


Top 10 Audit Deficiencies, Mark S. Beasley, Joseph V. Carcello, Dana R. Hermanson Apr 2001

Top 10 Audit Deficiencies, Mark S. Beasley, Joseph V. Carcello, Dana R. Hermanson

Faculty Publications

The article focuses on financial statement fraud based on cases wherein the U.S. Securities and Exchange Commission sanctioned auditors for their association with fraudulent financial statements. All of the cases involved public companies, most of which engaged ill fraudulent financial reporting. Only a few engaged in misappropriation of assets or defalcation. The most common problem, alleged in 90% of the cases, was the auditor's failure to gather sufficient evidence. In some instances, this failure was pervasive throughout the engagement while in other instances the allegations were more specific. For example, many of the cases involved inadequate evidence in ...


Top 10 Audit Deficiencies, Mark Beasley, Joseph Carcello, Dana Hermanson Mar 2001

Top 10 Audit Deficiencies, Mark Beasley, Joseph Carcello, Dana Hermanson

Joseph V. Carcello

No abstract provided.