Ua80/4 Treasurer's Report,
2016
Western Kentucky University
Ua80/4 Treasurer's Report, W Club
University Organizations
Treasurer's report for August 2016 meeting of the W Club Board of Directors.
Comment Letter Onproposed Changes To The Aicpa Standards For Performing And Reporting On Peer Reviews, Modifications To Peer Review Report To Specifically Disclose The Selection And Review Of Single Audits As Must-Select Engagements, Modifications To Representation Letter To Reflect Scope Of Engagements Performed And Selected, August 17, 2016, American Institute Of Certified Public Accountants. Peer Review Board
Exposure Drafts, Comment Letters, and Statements of Position
No abstract provided.
Proposed Changes To The Aicpa Standards For Performing And Reporting On Peer Reviews, Modifications To Peer Review Report To Specifically Disclose The Selection And Review Of Single Audits As Must-Select Engagements, Modifications To Representation Letter To Reflect Scope Of Engagements Performed And Selected, August 17, 2016 Comments Are Requested By September 30, 2016; Exposure Draft (American Institute Of Certified Public Accountants), 2016, August 17, American Institute Of Certified Public Accountants. Peer Review Board
Exposure Drafts, Comment Letters, and Statements of Position
No abstract provided.
Size Variables In Audit Fee Models: An Examination Of The Effects Of Alternative Mathematical Transformations,
2016
Bryant University
Size Variables In Audit Fee Models: An Examination Of The Effects Of Alternative Mathematical Transformations, Charles Cullinan, Hui Du, Xiaochuan Zheng
Accounting Department Faculty Journal Articles
We consider the mathematical transformations used for assets of different valuation complexity in audit fee models. These mathematical transformations (such as logs and square roots) relate to the non-linear relationship between client size and audit fees. We use closed-end mutual fund audits to examine this question because virtually all fund assets are reported at fair value. We find that more complexly valued assets are less likely to follow the traditional log transformation because the presence of these assets has a stronger relationship with audit fees that is not fully captured by the coefficient on the logged variable alone. The significance …
Analyst Coverage And Stock Price Crash Risk,
2016
University of Texas at Arlington
Analyst Coverage And Stock Price Crash Risk, I-Fang Lee Yvonne
Accounting Dissertations - Archive
In this study, I investigate the impact of analyst coverage changes on firms’ subsequent firm-specific crash risk. Using a sample of 24,228 firm-year observations from 2000 to 2013, I show that changes in analyst coverage are negatively associated with changes in one-year-ahead crash risk. This result is consistent with analysts’ information gathering activities and analyses limiting bad news hoarding behavior, and is generally inconsistent with analyst pressure leading to more bad news hoarding by managers. Moreover, I find the negative association between coverage changes and changes in subsequent crash risk to be more pronounced when the coverage change is attributable …
Capital Market Reactions To Ifrs In The United States: Evidence From Foreign Private Issuers,
2016
University of Texas at Arlington
Capital Market Reactions To Ifrs In The United States: Evidence From Foreign Private Issuers, Jennifer Yardley
Accounting Dissertations - Archive
The rise of International Financial Reporting Standards (IFRS) as a contender to be the single globally-accepted set of accounting standards has been accompanied by a wealth of research studying the consequences of IFRS adoption. However, prior research does little to address the potential effects of and market sentiment toward the use of IFRS rather than U.S. GAAP in the United States. This study fills this gap by examining the accounting standard choices of foreign private issuers in the United States. In addition to identifying the factors that are associated with a firm's accounting standard choice in the U.S., this study …
Does Assurance Matter? Evidence From U.S. Financial Institutions,
2016
University of Arkansas, Fayetteville
Does Assurance Matter? Evidence From U.S. Financial Institutions, Ashley Warwick Douglass
Graduate Theses and Dissertations
In this paper, I explore the determinants and consequences of the level of assurance that a bank selects. Using a sample of small, privately held U.S. (United States) financial institutions (banks), I find that two differing types of banks are more likely to purchase more assurance. First, larger banks that are experiencing growth purchase relatively more assurance than other banks. Second, more complex banks with lower returns on assets, losses, and higher leverage are more likely to purchase an audit than a lower level of assurance. This may indicate the influence of regulators on banks’ assurance purchasing decisions. I also …
"Other Information" In An Audit (Part 2),
2016
Singapore Management University
"Other Information" In An Audit (Part 2), Foo S.L.
Research Collection School Of Accountancy
In light of the new reporting requirements, SSA 720 (Revised) articulates a systematic approach on Other Information (OI) work. It comprises five key elements. These are Obtaining, Reading and Considering, Responding, Reporting and Documentation of OI (Figure 1). Invariably, these enhancements provide useful guidance to the auditors. With additional prescribed work efforts, it also calls for a greater integration of OI work scope with the overall audit planning.
Thoughts From The Iaaer’S 12th World Congress Of Accounting Educators And Researchers,
2016
Singapore Management University
Thoughts From The Iaaer’S 12th World Congress Of Accounting Educators And Researchers, Greg Stoner, Themin Suwardy
Research Collection School Of Accountancy
No abstract provided.
In Fair Value We Trust, Or Not,
2016
Singapore Management University
In Fair Value We Trust, Or Not, Joyce Tang, Nick Leong, Pan, Gary, Keng Kevin Ow Yong, Chu Yeong Lim, Tee Yong Jeffrey Ng
Research Collection School Of Accountancy
The objective of financial reporting is to provide financial information that is useful to existing and potential investors, lenders and other creditors (IASB’s Conceptual Framework ED/2015/3). General purpose financial reports provide information about the financial position of a reporting entity, as well as information about the effects of transactions and other events that will change a reporting entity’s economic resources and claims (para 1.12 ED/2015/3). Investor confidence and trust in the financial statements is a crucial component for financial markets to function smoothly. This report presents the attitudes and concerns of over 700 respondents toward fair value accounting. The survey …
Preparing Students For The Future Workforce: An Experiential Learning Approach To Deliver An Accounting Analytics Course,
2016
Singapore Management University
Preparing Students For The Future Workforce: An Experiential Learning Approach To Deliver An Accounting Analytics Course, Gary Pan, Venky Shankararaman, Poh Sun Seow, Gan Hup Tan
Research Collection School Of Accountancy
This paper describes an undergraduate accounting analytics course which was delivered based on an experiential learning approach. This accounting analytics course is timely as, with the proliferation of Big Data, several accounting professional bodies have highlighted the importance of developing analytical skills among accounting graduates. The experiential learning approach was adopted because there is a need to equip students with future work skills so as to tackle increasingly complex problems. The professors collaborate with external partners to design a course which combines theory with experiential learning through heavy use of projects involving real world problems. Students rated the course favourably. …
Preparing Students For The Future Workforce: An Experiential Learning Approach To Deliver An Accounting Analytics Course,
2016
Singapore Management University
Preparing Students For The Future Workforce: An Experiential Learning Approach To Deliver An Accounting Analytics Course, Gary Pan, Venky Shankararaman, Poh Sun Seow, Gan Hup Tan
Research Collection School Of Accountancy
This paper describes an undergraduate accounting analytics course which was delivered based on an experiential learning approach. This accounting analytics course is timely as, with the proliferation of Big Data, several accounting professional bodies have highlighted the importance of developing analytical skills among accounting graduates. The experiential learning approach was adopted because there is a need to equip students with future work skills so as to tackle increasingly complex problems. The professors collaborate with external partners to design a course which combines theory with experiential learning through heavy use of projects involving real world problems. Students rated the course favourably. …
Impact Of Assurance Level And Tax Status On The Tendency Of Relatively Small Manufacturers To Manage Production And Earnings,
2016
University of Louisville
Impact Of Assurance Level And Tax Status On The Tendency Of Relatively Small Manufacturers To Manage Production And Earnings, Benjamin P. Foster, John M. Mueller, Trimbak Shastri
Faculty and Staff Scholarship
The number and importance of private companies in the United States indicates that reliable quality of financial accounting reports (QFAR) of private companies that are useful for decision making is likely to be important for economic growth. Most previous research examining QFAR addressed earnings management among publicly-traded companies. This study extends prior literature by examining whether abnormal production of public and private companies is impacted by (i) assurance type (PCAOB-audit, GAAS-audit, and SSARS-Review), (ii) tax status (separately taxed versus pass-through entity) of private companies, and (iii) relative size. An audit of financial statements provides a high degree of assurance, whereas …
The Relationship Between Income Taxes And Market Returns,
2016
Utah State University
The Relationship Between Income Taxes And Market Returns, Chelsea Hepworth
Undergraduate Honors Capstone Projects
This paper investigates the relationship between book to tax differences and market returns. Prior research has been conducted that shows the ability of book to tax differences to predict future earnings, and this study expands that research to see if book to tax differences have predictive value in terms of actual market returns. This study uses a sample of firms from the Compustat database and runs a regression using book to tax differences and company returns as compared to the market. Results show that book to tax differences do have some predictive value which could potentially allow an investor to …
Audit-Related Services And Audit Quality: Evidence From Benefit Plan Audits,
2016
University of Arkansas, Fayetteville
Audit-Related Services And Audit Quality: Evidence From Benefit Plan Audits, Jaclyn Prentice
Graduate Theses and Dissertations
The following study examines a material but less understood component of the public audit marketplace, namely the provision of “audit-related” services to financial statement audit clients. I use the benefit plan audit service setting to examine the company and benefit plan characteristics associated with auditor selection and the impact of audit-related services on financial statement audit quality. I provide market evidence of distinct shifts in the use of the same audit firm for the financial statement audit and other audit-related services over time as well as characteristics of the choice of auditors. I then test whether having the same audit …
Aggregate Earnings Surprises, Monetary Policy, And Stock Returns,
2016
University of Michigan - Ann Arbor
Aggregate Earnings Surprises, Monetary Policy, And Stock Returns, Lindsey A. Gallao, Rebecca N. Hann, Congcong Li
Research Collection School Of Accountancy
This paper examines whether the negative association between aggregate earnings and returns is explained by the monetary policy news in aggregate earnings. Using Federal funds futures data to construct a measure of policy news, we find that aggregate earnings convey information about the Fed׳s policy actions. Additionally, the negative aggregate earnings-returns association is muted when we control for policy surprises. This result is more pronounced in periods with negative policy surprises, which tend to trigger a more significant market reaction. Taken together, these results suggest that aggregate earnings convey policy news and the market reacts negatively to policy surprises, which …
Getting Your Company Ready For Sustainability Reporting,
2016
Singapore Management University
Getting Your Company Ready For Sustainability Reporting, Themin Suwardy, Melvin Yong
Research Collection School Of Accountancy
No abstract provided.
Auditing Standards Board (Asb) Meeting Summary, August 1-4, 2016, Milwaukee, Wi,
2016
University of Mississippi
Auditing Standards Board (Asb) Meeting Summary, August 1-4, 2016, Milwaukee, Wi, American Institute Of Certified Public Accountants. Auditing Standards Board
Association Sections, Divisions, Boards, Teams
No abstract provided.
Auditing Standards Board (Asb), August 1-4, 2016, Meeting Agenda, Milwaukee, Wi,
2016
University of Mississippi
Auditing Standards Board (Asb), August 1-4, 2016, Meeting Agenda, Milwaukee, Wi, American Institute Of Certified Public Accountants. Auditing Standards Board
Association Sections, Divisions, Boards, Teams
No abstract provided.
The Timeliness Of State And Local Governments By Gasb: An Evaluation Of Efficacy Of Financial Reports,
2016
CUNY Borough of Manhattan Community College
The Timeliness Of State And Local Governments By Gasb: An Evaluation Of Efficacy Of Financial Reports, Achraf Seyam, Alexander Hinners, Lauren Freire, Victor Parbat
Publications and Research
In March 2011, the Governmental Accounting Standards Board (GASB) issued a research brief titled “The Timeliness of Financial Reporting by State and Local Governments Compared with the Needs of Users.” This study formally exposed an apparent gap between the time-of-issuance of governmental financial reports and their usefulness according to a large and diverse group of survey participants. According to the GASB in the aforementioned report, nearly a quarter of the government entities take longer than six months to issue their annual reports, with many evidencing release times of a year or more. Comparatively, the users surveyed indicated that report usefulness …
