Business Commons^™

Coso Internal Control - Integrated Framework: Guidance On Monitoring Internal Control Systems, Volume Iii: Examples, Committee Of Sponsoring Organizations Of The Treadway Commission

Association Sections, Divisions, Boards, Teams

No abstract provided.

Exploring Accounting Fraud In The Subsidiary Environment, Carmelita J. Troy, Madeline Ann Domino, Steven P. Landry

Faculty Publications

This research explores accounting fraud in the subsidiary environment. Utilizing institutional theory, we propose that the subsidiary environment provides an opportune setting and vehicle for individuals to commit accounting fraud. While a growing body of literature exists on accounting fraud, minimal work has focused on the role of the subsidiary in accounting fraud, as reported by the Securities and Exchange Commission (SEC). We sample companies for which the SEC has documented accounting fraud in their enforcement releases. We then analyze the related SEC documents to determine to what extent, if any, a subsidiary is involved in the accounting fraud. Our …

Accurals Quality And Price Synchronicity, Joseph Atkins Johnston

LSU Doctoral Dissertations

This study examines the relation between accruals quality and price synchronicity, a measure of the relative amount of firm-specific information reflected in price. Higher accruals quality imply better quality earnings news, hence, more firm-specific information is incorporated into price for firms with higher accruals quality. More firm-specific information reduces price synchronicity, hence, we hypothesize a negative relation between accruals quality and price synchronicity. On the other hand, literature shows that accruals quality reduces idiosyncratic volatility which tends to be negatively correlated with price synchronicity. If the latter effects dominate the relation between accruals quality and price synchronicity, we should observe …

Guide To Fraud In Governmental And Not-For-Profit Environment, Lynda M. Dennis

Guides, Handbooks and Manuals

No abstract provided.

Independence Compliance : Checklists And Tools For Complying With Aicpa, Sec, And Pcaob Independence Requirements, Dennis W. Ridge, American Institute Of Certified Public Accountants

Guides, Handbooks and Manuals

No abstract provided.

Independence Compliance : Checklists And Tools For Complying With Aicpa And Gao Independence Requirements, Catherine R. Allen, Karin Glupe, Robert Durak, American Institute Of Certified Public Accountants

Guides, Handbooks and Manuals

No abstract provided.

Audits Of Futures Commission Merchants, Introducing Brokers, And Commodity Pool, American Institute Of Certified Public Accountants. Commodity Practice Aid Task Force, American Institute Of Certified Public Accountants. Stockbrokerage And Investment Banking Committee

Guides, Handbooks and Manuals

No abstract provided.

Guide To Investigating Business Fraud, Ernst & Young, Ruby Sharma, Michael H. Sherrod, Richard Corgel, Steven J. Kuzma

Guides, Handbooks and Manuals

No abstract provided.

Aicpa Technical Practice Aids As Of June 1, 2009, Volume 1, American Institute Of Certified Public Accountants

Guides, Handbooks and Manuals

No abstract provided.

Aicpa Technical Practice Aids As Of June 1, 2009, Volume 2, American Institute Of Certified Public Accountants

Guides, Handbooks and Manuals

No abstract provided.

Aicpa Audit And Accounting Manual As Of June 1, 2009 : Nonauthoritative Technical Practice Aid, American Institute Of Certified Public Accountants

Guides, Handbooks and Manuals

No abstract provided.

Forensic Accounting For Divorce Engagements : A Practical Guide, Ezra Huber, Donald A. Glenn

Guides, Handbooks and Manuals

No abstract provided.

Guide To Financial Decisions : Implementing An End-Of-Life Plan, American Institute Of Certified Public Accountants. Personal Financial Planning Division, 360 Degrees Of Financial Literacy

Guides, Handbooks and Manuals

No abstract provided.

Introduction To Civil Litigation Services; Special Report 09-1, American Institute Of Certified Public Accountants. Forensic And Valuation Services Section

Guides, Handbooks and Manuals

No abstract provided.

Characteristics And Skills Of The Forensic Accountant, Charles Davis, Ramona Farrell, Suzanne Ogilby

Guides, Handbooks and Manuals

No abstract provided.

Cpa's Handbook Of Fraud And Commercial Crime Prevention, Tracy Coenen

Guides, Handbooks and Manuals

No abstract provided.

Comment Letters On Proposed Statement On Auditing Standards: Compliance Audits, December 24, 2008, American Institute Of Certified Public Accountants. Auditing Standards Board

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Letter From Alan R. Einhorn, Chair, Aicpa Tax Executive Committee, To Douglas H. Shulman, Commissioner Of Internal Revenue, Re: Proposed Revenue Procedure To Exempt Certain S Corporations From Failure To Timely File Penalty Under Section 6699., Alan R. Einhorn, American Institute Of Certified Public Accountants. Tax Executive Committee

Association Sections, Divisions, Boards, Teams

No abstract provided.

Cpa Client Bulletin, December 2008, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Financial Risk Management: Lessons From The Current Crisis ... So Far, Knowledge@Smu

Knowledge@SMU

The current economic recovery looks long and difficult, and makes providing for an ageing population an even greater challenge. Will economies rebound to provide for the health care needs of retirees? At a conference organised in November 2008 by the Sim Kee Boon Institute’s newly launched Center for Silver Security at the Singapore Management University, Todd Groome of the International Monetary Fund spoke on how the ongoing financial crisis could shape retirement risk.

Component Materiality For Group Audits, Steven M. Glover, Jonathan T. Liljegren, Douglas F. Prawitt, William F. Messier

Faculty Publications

Determining overall group materiality and materiality levels for individual components is becoming more of a hot-button issue as the number and complexity of large and international group audits increases. Auditing standards and other professional materials offer little practical guidance on the topic. Internal and peer reviews and regulatory inspections have revealed a variety of approaches in this area. In some instances, reviews have discovered potentially troubling practices. Our conversations with regulators and practitioners indicate an intense and growing interest in the development of conceptually sound guidance. This article outlines a practical approach that group engagement partners can consider in establishing …

Profitability Analysis Of Chinese Listed Firms: 1992-2004, Jianjun Niu, Heng Yue, Guohua Jiang

Research Collection School Of Accountancy

This research collects and analyses the profitability data of Chineselisted companies from 1992 to 2004. Results show that, on average, theprofitability of Chinese listed companies has declined over the period. Post-IPOearnings also exhibit a downward trend. A further analysis reveals that changes inlisted firms’ profitability ratio follow a strong mean reversion pattern.

The Timeliness Of Accounting Disclosures In International Security Markets, C. Mitchell Conover, Robert E. Miller, Andrew Szakmary

Finance Faculty Publications

In this study, we examine financial reporting lags, the incidence of late filing, and the relationship between reporting lags, firm performance and the degree of capital market scrutiny. We use a large sample of firms spanning 22 countries over an eleven-year period. A focal point of our analysis is whether the incidence of late filing, and the relations between reporting days and other variables, differ systematically between common and code law countries. Relative to U.S. firms, we report that the time taken and allowed for filing is usually longer in other countries and that the statutory requirement is more frequently …

Does Convergence Of Accounting Standards Lead To The Convergence Of Accounting Practices? A Study From China, Songlan Peng, Rasoul H. Tondkar, Joyce Van Der Van Der Laan Smith, David W. Harless

Accounting Faculty Publications

In this empirical study we examine whether China's efforts to converge domestic accounting standards with International Financial Reporting Standards (IFRS) over the past 15 years have resulted in the successful convergence of Chinese listed firms. This study is unique in that we evaluate convergence of firms' accounting practices from three perspectives: (1) the level of compliance with Chinese GAAP and IFRS, (2) the consistency of accounting choices under Chinese GAAP and IFRS, and (3) identification of significant differences in the net incomes produced under Chinese GAAP and IFRS (earnings gap).

Using the 1999 and 2002 annual reports of 79 Chinese …

Quality Control Defects Revealed In Smaller Firms' Pcaob Inspection Reports, Dana R. Hermanson, Richard W. Houston

Faculty Articles

The article reports the study of Public Company Accounting Oversight Board (PCAOB) on the quality control (QC) defects of small audit firms. Topics including the accounting lapses of small auditing firms, tips on complying QC standards and importance of inspection on the auditing industry are discussed. Study reveals that smaller firms have deficient processes in conducting audit quality. The article notes that PCAOB is expected to increase campaign in assisting audit firms while small audit firms are encouraged to address their QC deficiencies.

The Viability Of The Fair Tax, Jonathan M. Clark

Senior Honors Theses

This thesis begins by investigating the current system of federal taxation in the United States and examining the flaws within the system. It will then deal with a proposal put forth to reform the current tax system, namely the Fair Tax. The Fair Tax will be examined in great depth and all aspects of it will be explained. The objective of this paper is to determine if the Fair Tax is a viable solution for fundamental tax reform in America. Both advantages and disadvantages of the Fair Tax will objectively be pointed out and an educated opinion will be given …

Proposed Statements On Standards For Tax Services, November 26, 2008; Exposure Draft (American Institute Of Certified Public Accountants), 2008, November 26, American Institute Of Certified Public Accountants. Tax Executive Committee

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Comment Letters On Proposed Statements On Standards For Tax Services, November 26, 2008, American Institute Of Certified Public Accountants. Tax Executive Committee

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Comment Letters On Proposed Statement On Standards For Accounting And Review Services, Applicability Of Statements On Standards For Accounting And Review Services, November 17, 2008, American Institute Of Certified Public Accountants. Accounting And Review Services Committee

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.

Comment Letters On Proposed Statement On Standards For Attestation Engagements: Reporting On Controls At A Service Organization , November 17, 2008, American Institute Of Certified Public Accountants. Auditing Standards Board

Exposure Drafts, Comment Letters, and Statements of Position

No abstract provided.