Business Commons^™

Analyst Ratings For Firms Filing And Reorganizing Under Chapter 11, Elena Precourt, Henry Oppenheimer

Accounting Department Faculty Journal Articles

Purpose

The purpose of this paper is to examine analyst followings of firms starting from one year prior to their filing for Chapter 11 and as the firms progress through bankruptcy proceedings with a focus on firms receiving “Hold” or better recommendations. The authors attempt to answer questions such as what the common characteristics of the firms receiving stronger than expected recommendations one year prior to filing for bankruptcy reorganization or while in bankruptcy are, and how the market reacts to the issuance of stronger ratings for those firms.

Design/methodology/approach

The authors design various regressions and apply them to a …

Auditing Organizational Governance: Internal Audit Has An Integral Role To Play In Improving The Organization's Strategic Performance, Sridhar Ramamoorti, Alan N. Siegfried, P. Alan White

Accounting Faculty Publications

Organizational governance is a broad concept that ensures superior strategy formulation, development, and execution in ways that balance performance, conformance, and accountability. It includes systems, controls, and associated processes that promote ethics and values, performance and accountability, and risk communication and coordination among the board, external and internal auditors, and management in meeting and exceeding stakeholder expectations. Internal audit’s role in organizational governance has always been recognized and valued, but it has become increasingly important in the wake of governance failures in financial and public sectors throughout the world. As a result, more and more boards as well as executive …

Auditor's Consideration Of An Entity's Ability To Continue As A Going Concern; Statement On Auditing Standards, 132, American Institute Of Certified Public Accountants. Auditing Standards Board

Statements on Auditing Standards

No abstract provided.

When The Going Gets Tough, The Tough Get Going, Antti Fredriksson, Daniela Maresch, Matthias Fink, Andrea Moro

The Journal of Entrepreneurial Finance

A bank’s lending decision is affected by the amount of information it can access and by its capability to manage this information. The latter aspect implies that the bank has to decide whether borrowers should be managed in a local branch of the bank or in its headquarters. By looking at a sample of Finnish banks, the present research investigates a bank’s capability to extract profitability from both locally and centrally managed firms. We find that banks are able to properly discriminate between firms: those which should be managed by loan managers with expert knowledge in the bank’s headquarters due …

Essays In Corporate Responsibility And Finance, Mert Demir

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters:

Chapter 1: The Effects of Corporate Social Performance and Social Norms on Market Valuation of Nonfinancial Disclosures Using a novel measure of the quality of corporate social responsibility (CSR) disclosures by global companies, this paper analyzes how CSR report quality affects firm value when mediating roles of social pressure and CSR performance are considered. I find that firms operating in socially controversial industries enjoy higher valuations when they issue high-quality CSR reports. I also find that for firms with poor CSR performance, higher-quality CSR disclosure is associated with a decline in firm value, while …

Are You Ready? Data Analytics Is Reshaping The Work Of Accountants, Clarence Goh

Research Collection School Of Accountancy

According to the 2016 State of Analytics and Data Science reportpublished by data analytics firm Mu Sigma, 65% of senior business leaderssurveyed in the United States believe that data analytics has influenced theirbusiness in a positive way.

A Dominant Logic View Of Managing It Innovation, Gary Pan

Research Collection School Of Accountancy

With rapid technological advances and increased competition, managing innovation has become increasingly challenging. There are two possible causes for the innovation project failure. First, owing to incomplete market information, poor product management decision is made that may result in delayed market entry. Second, challenging project management activities such as inefficient communication among project teammates and mishandling complex stakeholder relationships. To gain insight into successful IT innovation project management, a theoretical lens that is able to facilitate the understanding of issues arising from these two causes is necessary. Dominant logic, which can be viewed as both an information filter and routine, …

Industry-University Partnership Through Experiential Project-Based Learning: A Singapore Case Study, Gary Pan, Gan Hup Tan, Yvonne Tan

Research Collection School Of Accountancy

A radical approach to preparing university students with future work skills, by combining academic with experiential learning through real projects faced by client partners. Learn how a university can create opportunities for collaborative learning and a tripartite learning relationship for academia, students and industry. Outcomes and impact of the case Post-module feedback surveys conducted over AY2015/16 showed that over 80% of the students who took an SMU-X module reported enhanced problem-solving, analytical, reasoning and communication skills, all of which were skills highly valued by employers. These results also dovetailed with SMU-X’s learning outcomes. More than 85% felt that the SMU-X …

Are You Ready? Data Analytics Is Reshaping The Work Of Accountants, Clarence Goh

Research Collection School Of Accountancy

According to the 2016 State of Analytics and Data Science reportpublished by data analytics firm Mu Sigma, 65% of senior business leaderssurveyed in the United States believe that data analytics has influenced theirbusiness in a positive way.

Comment Letters On Omnibus Proposal: Proposed Revised And New Interpretations Applicable To Members In Business, January 9, 2017, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Omnibus Proposal: Proposed Revised And New Interpretations Applicable To Members In Business;, January 9, 2017, Comments Are Requested By April 17, 2017 Exposure Draft (American Institute Of Certified Public Accountants), 2017, January, American Institute Of Certified Public Accountants. Professional Ethics Executive Committee

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Auditing Standards Board (Asb) Meeting Highlights (Draft), January 9-12, 2017, Fort Lauderdale, Fl, American Institute Of Certified Public Accountants. Auditing Standards Board

Association Sections, Divisions, Boards, Teams

No abstract provided.

Auditing Standards Board(Asb), January 9-12, 2017 Meeting Agenda, Fort Lauderdale, Fl, American Institute Of Certified Public Accountants. Auditing Standards Board

Association Sections, Divisions, Boards, Teams

No abstract provided.

It Risk Management: Fundamental Issues Impacting Auditors And Audit Committees, Daniel Dellapina

Undergraduate Honors College Theses 2016-

This research identifies key areas of interest regarding IT risk management for accountants and CPAs in the field of auditing and those on an audit committee. It identifies IT risks which threaten the security of organizations. These include both internal and external threats. It explores the motivations and methods of cyber-attacks. It presents security challenges that are created by outsourcing IT to the cloud and key topics to consider before moving to the cloud. This research also examines IT risk management and IT governance using the COSO Internal Control Framework and COBIT 5 framework for the governance and management of …

Do Women Have What It Takes? A Study Of Advancement And Leadership In Accountancy, Michelle Saturnino

Undergraduate Honors College Theses 2016-

This paper examines prior quantitative and qualitative research and statistical data relative to the issue of gender inequality that persists within accounting careers at upper-level management and partnership positions. The paper raises questions pertaining to the inequality that exists in upperlevel management and partner-level accounting positions in the United States. This may be true because, the work place in the accounting profession is not responding to its environment in ways that accommodate changes at a fast-enough pace, given that there is a shift to Generation X accounting professionals upon the retirement of the Baby Boomers. As different generations progress toward …

2016-2017 Financial Summary, Morehead State University. Budget & Financial Planning Office.

Morehead State University Financial Summaries Archive

2016-2017 Financial Summary of Morehead State University.

Exploring Alternative Funding Methods For The Lead Remediation Program In Scott County, Iowa, Brittany A. Poynor, Layne Porembski, Arielle Bloemer, Brandon Schattner, Sarah Hanson

2016-2017: Scott County, Iowa and the Scott County Health Department

For this project, five students worked to put together five alternative funding solutions for the Scott County Health Department's lead remediation program. With limited government grants available, the health department is now considering local funding in order to address the issue of lead poisoning in Davenport, Iowa. These reports, along with other SWLI research, provide valuable information and are the foundation of the up-and-coming remediation program for the county.

Exploring Alternative Funding Methods For The Lead Remediation Program In Scott County, Iowa, Dr. John Delaney, Brittany A. Poynor

2016-2017: Scott County, Iowa and the Scott County Health Department

Lead poisoning is an environmental as well as social problem. Areas with more older housing and higher rates of poverty are also the areas with the most lead poisoned children. Though the United States banned the use of lead paint in in 1978 and lead poisoning is preventable, lead poisoning remains a public health problem. Homes built before 1978 may pose risk of lead paint exposure, but of special concern to Scott County are the number of homes built before 1950.

Scott County, Iowa is home to some of the oldest housing units in the U.S. Iowa ranks fifth among …

Academic Accounting Salaries In The Southwest: A Revisitation And Exploration, Kelly Noe, Mary Fischer, Treba Marsh, Dana A. Forgione

Faculty Publications

This study examines the faculty located in the Southwest Region of the American Accounting Association to ascertain salary determinants as well explore salary compression and inversion. This study finds there are differences among faculty salaries based on longevity, institutional type and size. Typically larger, public institutions pay higher salaries. Further this study finds that salary, perceived salary compared to others, institutional longevity, marital status, institutional type and size are significantly associated with faculty’s gender.

Lumberjack Construction: Job-Order Costing & Manufacturing Simulation, Marie Kelly, Nikki Shoemaker

Faculty Publications

This paper describes a classroom Job-Order Costing and manufacturing simulation called Lumberjack Construction. This simulation is used in introductory managerial accounting and cost accounting courses to help students understand the various parts of the manufacturing process and the application of Job-Order Costing principles. For this simulation, students are placed into manufacturing groups. Each group is responsible for manufacturing a building and calculating the cost of that building using job-order costing.

Unveiling Informal Business Networks, Singapore Management University

Research@SMU: Connecting the Dots

Research by Professor Zang Yoonseok is uncovering the implications of informal business networks between top executives and their independent auditors.

See the papers:

• Client conservatism and auditor-client contracting
• The downside of the network ties between CEO/CFOs and auditors through external directorships

The Importance Of Being An Ethical Company, Singapore Management University

Research@SMU: Connecting the Dots

Firms must fine-tune their corporate governance mechanisms to prevent unethical behaviour and take quick action once they are found, says Professor Cheng Qiang.

See the papers:

• Is the decline in the information content of earnings following restatements short-lived?
• CEO contractual protection and managerial short-termism

Encouraging Corporate Fair Play In Family-Run Businesses, Singapore Management University

Research@SMU: Connecting the Dots

Professor Chen Xia studies corporate governance and financial management of family firms.

See her paper: Family ownership and CEO turnovers

Accounting Outsourcing And Audit Lag, Charles Cullinan, Xiaochuan Zheng

Accounting Department Faculty Journal Articles

This paper examines the relationship between accounting outsourcing and audit lag. Accounting outsourcing may reduce misstatement risk, reducing the amount of audit effort necessary and thereby decrease audit lag. Alternatively, outsourcing may increase the amount of coordination necessary between the auditor, client management and the outside accounting service provider and thereby increase audit lag.

2017-2018 Operating Budget, Morehead State University. Budget & Financial Planning Office.

Morehead State University Operating Budgets Archive

2017-2018 Operating Budget of Morehead State University.

Who’S Watching The Auditors?, Singapore Management University

Research@SMU: Connecting the Dots

Professor Lim Chee Yeow is studying whether the provision of non-audit services affects the independence of auditors and the quality of their audit work.

See the papers:

• Non-audit service fees and audit quality: The impact of auditor specialization
• Effects of national culture on earnings quality of banks
• The price contagion effects of financial reporting fraud and reputational losses: Evidence from the individual audit partner level

Ole Miss Accountant – 2017, University Of Mississippi. School Of Accountancy

Ole Miss Accountant

Cover story: Faculty Chair Pays Tribute to UM Alumnus Don Jones

Fixed Costs, Audit Production, And Audit Markets: Theory And Evidence, Tracy Gu, Dan A. Simunic, Michael T. Stein

Accounting Faculty Publications

We analyze the role of discretionary joint fixed costs in audit production. Given such costs, the investment decision and production of audit services must be analyzed over a client portfolio. We model this problem, and use monotone comparative statics (Milgrom and Shannon [1994]) to show the implications of variations in client-specific losses and the number of clients for the optimum level of fixed investment and auditassurance. We develop four hypotheses concerning the relations between audit quality and (1) the magnitude of potential client-specific losses; (2) average client losses in a portfolio; (3) the number of clients in a portfolio; and …

The Importance Of Internal Controls, Singapore Management University

Research@SMU: Connecting the Dots

Professor Goh Beng Wee investigates the benefits and consequences of internal controls to corporate organisations.

See the papers:

• Internal controls and conditional conservatism
• Internal control and operational efficiency

U.S. Gaap Financial Statements Best Practices In Presentation And Disclosure, 71th Edition; Accounting Trends & Techniques, American Institute Of Certified Public Accountants (Aicpa)

Accounting Trends and Techniques

No abstract provided.