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Articles 1 - 13 of 13

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

Disclosures In Audit Committee Charters And Reports, Joseph Carcello, Dana Hermanson, Terry Neal Nov 2002

Disclosures In Audit Committee Charters And Reports, Joseph Carcello, Dana Hermanson, Terry Neal

Joseph V. Carcello

In response to recent criticisms of audit committee performance, new SEC and stock exchange rules require companies to prepare an audit committee charter and to publish the charter in their proxy statement at least once every three years. Audit committees also must disclose how they discharged their responsibilities during the year.We study the disclosures in audit committee charters and reports by examining a random sample of 150 proxy statements filed in Spring 2001. The primary purposes of this analysis are to understand audit committee activities and to identify possible areas for further audit committee reform.We find that what ...


An Innovative Public-Private Partnership: New Approach To Development, Ramina Samii, Wassenhove Ln Van, Shantanu Bhattacharya Jun 2002

An Innovative Public-Private Partnership: New Approach To Development, Ramina Samii, Wassenhove Ln Van, Shantanu Bhattacharya

Research Collection Lee Kong Chian School Of Business

This paper is focused on the development of new services by nonprofit organizations for groups of companies within a particular sector in industry. It is based oil a case study of ail actual implementation by United Nations Industrial Development Organization (UNIDO) in collaboration with a number of other organizations to upgrade the capabilities of automotive component suppliers in India, to enable them to supply to world-class Manufacturers. We draw upon the traditional literature available on new product and service development for firms introducing new products and services for maximizing profit, and contrast those approaches with the approach adopted by nonprofit ...


Fraudulent Financial Reporting In The Oil And Gas Industry, M. Beasley, Joseph Carcello, D. Hermanson May 2002

Fraudulent Financial Reporting In The Oil And Gas Industry, M. Beasley, Joseph Carcello, D. Hermanson

Joseph V. Carcello

No abstract provided.


Appearances Are Important: Outsourced Internal Audit Services And The Perception Of Auditor Independence, Marshall A. Geiger, D. Jordan Lowe, Kurt J. Pany Apr 2002

Appearances Are Important: Outsourced Internal Audit Services And The Perception Of Auditor Independence, Marshall A. Geiger, D. Jordan Lowe, Kurt J. Pany

Accounting Faculty Publications

The appearance of independence is an important facet of the regulation of auditor independence. The authors conducted a research study to gauge how some financial statement users—loan officers—view and make decisions based on loan proposals that present various types of relationships between the applicant, the auditor that performs the external audit, and the auditor that performs the internal audit function (whether performed in-house or outsourced to the hypothetical loan applicant's external auditor).

The results are insightful: The closer the relationship between the external auditor and the audit client, the higher the perception of inappropriateness, and the less ...


Social Entrepreneurship In Singapore (German Version), Wee Liang Tan, Teck Meng Tan Mar 2002

Social Entrepreneurship In Singapore (German Version), Wee Liang Tan, Teck Meng Tan

Research Collection Lee Kong Chian School Of Business

No abstract provided.


Sampling Concepts, Paul Boyd, Ph.D. Jan 2002

Sampling Concepts, Paul Boyd, Ph.D.

MBA Faculty Conference Papers & Journal Articles

The usefulness of any research is dependent upon how well the group studied represents the group about which decisions are to be made or conclusions drawn. That is, it depends upon how well the sample reflects relevant characteristics of the population. When it is possible to study every member of that group there is no problem, for on these occasions we can easily calculate the exact attribute (parameter) of interest for our population.

For example, if we were interested in determining the average number of gallons of gasoline sold to customers at our service station yesterday, we could add up ...


Enron And The Dark Side Of Shareholder Value, William W. Bratton Jan 2002

Enron And The Dark Side Of Shareholder Value, William W. Bratton

Faculty Scholarship at Penn Law

No abstract provided.


Proposal For A Centralized And Integrated Registry For Security Interests In Intellectual Property, William J. Murphy Jan 2002

Proposal For A Centralized And Integrated Registry For Security Interests In Intellectual Property, William J. Murphy

Law Faculty Scholarship

As the world economy enters the twenty-first century, job and wealth creation is increasingly based on innovation and creativity that, in turn, can give rise to important intellectual property rights. For many companies and individuals these intellectual property rights may represent their most valuable assets, or in some cases, their only valuable assets. As a result, intellectual property rights increasingly play a critical the role in financing.

Unlocking the job and wealth creating potential of intellectual property assets requires putting these assets into use, and that often requires a capital investment. Unfortunately, many entrepreneurs and innovators lack the capital necessary ...


How I Learned To Stop Worrying And Love The Pill: Adaptive Responses To Takeover Law, Marcel Kahan, Edward B. Rock Jan 2002

How I Learned To Stop Worrying And Love The Pill: Adaptive Responses To Takeover Law, Marcel Kahan, Edward B. Rock

Faculty Scholarship at Penn Law

No abstract provided.


Audit Committee Effectiveness: A Synthesis Of The Empirical Audit Committee Literature, F. Todd Dezoort, Dana R. Hermanson, Deborah S. Archambeault, Scott A. Reed Jan 2002

Audit Committee Effectiveness: A Synthesis Of The Empirical Audit Committee Literature, F. Todd Dezoort, Dana R. Hermanson, Deborah S. Archambeault, Scott A. Reed

Accounting Faculty Publications

The empirical audit committee literature is both diverse and expansive, with rapid growth in recent years based on increased concerns about corporate governance and the quality of financial reporting. Our objective in this paper is to synthesize empirical literature on audit committee effectiveness to guide future thinking and research on audit committees. To organize our review, we focus on four components that we believe contribute to audit committee effectiveness (ACE) - audit committee composition, authority, resources, and diligence.


Auditor Industry Specialization And Fraudulent Financial Reporting, Joseph Carcello, A. Nagy Dec 2001

Auditor Industry Specialization And Fraudulent Financial Reporting, Joseph Carcello, A. Nagy

Joseph V. Carcello

No abstract provided.


Preventing And Detecting Financial Statement Fraud, M. Beasley, Joseph Carcello, D. Hermanson Dec 2001

Preventing And Detecting Financial Statement Fraud, M. Beasley, Joseph Carcello, D. Hermanson

Joseph V. Carcello

No abstract provided.


Board Characteristics And Audit Fees, Joseph Carcello, Dana Hermanson, Terry Neal, Richard Riley Dec 2001

Board Characteristics And Audit Fees, Joseph Carcello, Dana Hermanson, Terry Neal, Richard Riley

Joseph V. Carcello

This paper examines the relations between three board characteristics (independence, diligence, and expertise) and Big 6 audit fees for Fortune 1000 companies. To protect its reputation capital, avoid legal liability, and promote shareholder interests, a more independent, diligent, and expert board may demand differentially higher audit quality (greater assurance, which requires more audit work) than the Big 6 audit firms normally provide. The audit fee increases as the auditor's additional costs are passed on to the client, such that we expect positive relations between audit fees and the board characteristics examined. We find significant positive relations between audit fees ...