Accounting Commons^™

Aicpa Professional Standards As Of June 1, 2017, Volume 1: U.S. Auditing Standards-Aicpa (Clarified), U.S. Attestation Standards -- Aicpa (Clarified), American Institute Of Certified Public Accountants (Aicpa)

AICPA Professional Standards

No abstract provided.

Aicpa Technical Questions And Answers, As Of June 1, 2017, American Institute Of Certified Public Accountants (Aicpa)

Guides, Handbooks and Manuals

No abstract provided.

Ceo Contractual Protection And Debt Contracting, Qiang Cheng, Xia Chen, Alvis K. Lo, Xin Wang

Research Collection School Of Accountancy

CEO employment agreements and severance pay agreements are prevalent among S&P1500 firms. While prior research has examined their impact on corporate decision from shareholders’ perspective, there is little research on their impact from debtholders’ perspective. We examine the effect on debt contracting of CEO contractual protection, in the form of employment agreements and severance pay agreements. We find that compared with other loans, loans issued by firms with CEO contractual protection contain more financial covenants, particularly performance covenants, are more likely to have performance pricing provisions, and have higher loan spreads. We further find that this effect increases with the …

Sharing Risk With The Government: How Taxes Affect Corporate Risk Taking, Alexander Ljungqvist, Liandong Zhang, Luo Zuo

Research Collection School Of Accountancy

Using 113 staggered changes in corporate income tax rates across U.S. states, we provide evidence on how taxes affect corporate risk-taking decisions. Higher taxes reduce expected profits more for risky projects than for safe ones, as the government shares in a firm's upside but not in its downside. Consistent with this prediction, we find that risk taking is sensitive to taxes, albeit asymmetrically: the average firm reduces risk in response to a tax increase (primarily by changing its operating cycle and reducing R&D risk) but does not respond to a tax cut. We trace the asymmetry back to constraints on …

Attestation Engagements On Sustainability Information (Including Greenhouse Gas Emissions Information), June 1, 2017; Guide, American Institute Of Certified Public Accountants (Aicpa)

Industry Guides (AAGs), Risk Alerts, and Checklists

No abstract provided.

Preparation, Compilation, And Review Engagements, June 1, 2017; Guide, American Institute Of Certified Public Accountants (Aicpa)

Industry Guides (AAGs), Risk Alerts, and Checklists

No abstract provided.

Aicpa Professional Standards As Of June 1, 2017, Volume 2: Statements Of Position — Auditing And Attestation, Statement Of Position — Accounting, Accounting And Review Services, Accounting And Review Services (Clarified), Code Of Professional Conduct, Bylaws, Valuation Services, Consulting Services, Quality Control, Peer Review, Tax Services, Personal Financial Planning, Continuing Professional Education, American Institute Of Certified Public Accountants (Aicpa)

AICPA Professional Standards

No abstract provided.

Determinants Of Internet Financial Reporting By Egyptian Companies, Laila Aboutera, Amani Hussein

Business Administration

This research aims at examining the determinants of internet financial reporting by Egyptian companies through

measuring the extent of internet financial reporting (IFR) practices in Egypt and the association between IFR and

the Egyptian listed companies’ characteristics. The research sample consists of 133 Egyptian companies listed on

the Egyptian stock exchange as well as Nile stock exchange. The sample includes only those companies that

disclose financial information on the internet. This research considers; company’s size, profitability, liquidity,

leverage, company’s age, auditor type and ownership structure as the independent variables that might impact

the company’s’ corporate IFR practices. Moreover, a disclosure …

Aicpa Audit And Accounting Manual, June 1, 2017: Practice Aid, American Institute Of Certified Public Accountants (Aicpa)

Guides, Handbooks and Manuals

No abstract provided.

Critical Evaluation Of Action 14 Recommendations And The Suggested Way Forward For Singapore, Luis Coronado, Jerome Van Staden

Research Collection School Of Economics

The final report on Action 14 of the Base Erosion and Profit Shifting (BEPS) project, Making Dispute Resolution Mechanisms More Effective presents a commitment by countries to implement certain “minimum standards” on dispute resolution. In many ways, Action 14 is the linchpin to the success of the entire BEPS project. To implement the significant changes developed under the BEPS project and make certain that there is neither unintended double taxation nor double non-taxation, there must be a strong and effective mechanism in place when disputes do (inevitably) arise. While the goal of the BEPS project is to create a more …

The Contemporary Tax Journal's Interview Of Mr. Gary Sprague, Xuan Hong

The Contemporary Tax Journal

No abstract provided.

Cpa Exam Review

The Contemporary Tax Journal

No abstract provided.

Spring Meeting Of Council, May 21-23, 2017 Washington, D. C. Volume 2, American Institute Of Certified Public Accountants. Council

Association Sections, Divisions, Boards, Teams

No abstract provided.

Spring Meeting Of Council, May 21-23, 2017 Washington, D. C. Volume 1, American Institute Of Certified Public Accountants.Council

Association Sections, Divisions, Boards, Teams

No abstract provided.

Presenting Financial Information In An Understandable Way, Annetta M. Gibson

Faculty Publications

Presentation for the SPD 2017 Business Professional ConventionMay 17, 2017

General Counsel Characteristics And Financial Reporting Quality, John R. Sparger

Doctor of Business Administration Dissertations

The general counsel (GC) plays a key role in a firm’s financial reporting system as a participant and governance monitor. As a participant in various disclosure and filing processes and advisor in transactional activities reflected in the firm’s reported results, the GC directly influences a firm’s reported results and disclosures. As a governance monitor, the GC holds a position of public trust and duty to investors based on various laws, rulings and regulations. Accordingly, accounting literature has begun to examine the role of the GC in financial reporting quality. The results of this research have produced conflicting results which indicate …

Internal Control: The Human Risk Factor, Annetta M. Gibson

Faculty Publications

Presentation for the SPD new CFO orientation program, May 15, 2017

Auditing Standards Board (Asb) Meeting Highlights, May 15-18, 2017, Chicago, Il, American Institute Of Certified Public Accountants. Auditing Standards Board

Association Sections, Divisions, Boards, Teams

No abstract provided.

Auditing Standards Board (Asb), May 15-18, 2017, Meeting Agenda, Chicago, Il, American Institute Of Certified Public Accountants. Auditing Standards Board

Association Sections, Divisions, Boards, Teams

No abstract provided.

The Expanded Auditor's Report: A Case Study From The United Kingdom, Maria Jones

Senior Honors Projects, 2010-2019

This paper examines whether or not the Public Company Accounting Oversight Board should adopt new standards similar to those recently adopted in the United Kingdom by performing a qualitative analysis of the information provided in the expanded auditor’s reports of four major UK grocery store chains both prior to and after the adoption of the new standard. In my analysis I find that the external auditor is frequently reporting on key audit matters and risks that are already being reported by management, and therefore already known to investors, suggesting little to no added value in the expanded auditor’s report.