evidence from non professional investors

... switch from aggressive to conservative À  ÃÁ auditors In a non- MAR regime, for firms with poorer prospects k kà ; , the benefit from the incum2 bent auditor’s good knowledge exceeds the benefit from ... more firms switch from conservative to aggressive  à auditors In a non- MAR regime, for firms with k ; kÃà , the benefit from the incumbent auditor’s good knowledge exceeds the benefit from a fresh look, ... 1.1 Nonexistence of a pooling equilibrium In a pooling equilibrium, firms with different values of k choose the same level of investment, so that outside investors cannot perfectly infer k from...

Ngày tải lên: 06/01/2015, 19:43

... can be obtained from an early liquidation of the firm If investors could distinguish between successful and failing firms, they would thus liquidate9 the latter 154 P FRANTZ firms Investors however ... expected value derived from hiring each potential auditor The owners of each firm then either hire an auditor from amongst those offering the highest audit value or hire none, depending on which ... obtained from Lemma and Proposition when auditors’ levels of skill are observable and from Lemma and Proposition when auditors’ levels of skill are unobservable by substituting R with A switch from...

Ngày tải lên: 06/01/2015, 19:42

Ngày tải lên: 18/02/2014, 11:20

... recover from its contractor for the estimated costs (damages) resulting from schedule delays caused by the contractor Before our performance audit was terminated, we obtained project data from the ... $244,817,000 on capital projects from 2005 through 2007 Using lists provided by King County departments and divisions, we identified 2,046 projects with expenditures of $2.9 billion from July 1, 2005 through ... audit were selected using financial transactions from July 1, 2007, through June 30, 2008 For the audit of construction management, we examined from July 1, 2005 through June 30, 2008 We audit...

Ngày tải lên: 06/03/2014, 23:20

... this study are 101 Executive and Evening MBA students from a large, public university They serve as a proxy for individual, nonprofessional investors Participants were randomly assigned to one ... with more experienced investors (i.e., professional investors) In addition, future research might examine whether the investment decisions would be affected by the ability for investors to diversify ... inexperienced individual investors This study contributes to the auditing literature by providing early empirical evidence regarding the possible effects on individual investors caused by the...

Ngày tải lên: 01/06/2014, 14:04

... and our audit of the primary government financial statements disclosed an immaterial instance of noncompliance with state laws and regulations governing the central purchasing system Our finding...

Ngày tải lên: 20/06/2014, 02:20

... any holder of professional certificate accredited by professional body such as AICPA The law specifies that auditors should ensure the fairness of the financial statements based on professional ... auditors conducted from the website of the Jordan Association of Certified Public Accountants (JACPA) for the year 2011 The total number of female licensed auditors consists of auditors from the total ... asked about fees charged for non- audit services, some of them replied that they charge fees similar to male auditors, but in general they have very limited number of non- audit services This result...

Ngày tải lên: 06/01/2015, 19:41

... percent approval from the shareholders, so even if you get 90 or 95 percent approval, there are bound to be questions from the audit committee; in addition, even if remote, there is a non- zero probability ... 602 firms with SIC codes from 6000–6999 We obtain data about audit fees, audit opinions, and auditor changes from the Audit Analytics database, while financial data are from the Compustat database ... assets for firm i from year tÀ1 to year t; DCLit ¼ change in current liabilities for firm i from year tÀ1 to year t; DCashit ¼ change in cash and short-term investment for firm i from year tÀ1 to...

Ngày tải lên: 06/01/2015, 19:42

... independence From the mean analysis in Table III to investigate and rank the six suggested causes selected from the literature, it was found that the most agreed upon by the majority was the lack of professional ... fees: evidence from the Sarbanes-Oxley Act”, working paper, available at: http://papers.ssrn.com/sol3/papers cfm?abstract_id¼1032642 Ghosh, A., Kallapur, S and Moon, D (2005), “Audit and non- audit ... procedures’ among Big versus non- Big audit firms in Egypt”, Managerial Auditing Journal, Vol 25 No 9, pp 882-911 Schelker, M (2007), “Auditors and corporate governance: evidence from the public sector”,...

Ngày tải lên: 06/01/2015, 19:43

Ngày tải lên: 19/06/2014, 15:20

Ngày tải lên: 19/06/2014, 15:20

... independence: Evidence from non- professional investors Journal of Accounting and Public Policy 27 (2): 177-192 Kinney, W., Z.-V Palmrose, and S Scholz 2004 Auditor independence, non- audit services, ... Empirical evidence from Taiwan Journal of Contemporary Accounting and Economics (1): 65-92 , , Y Liao, and H Xie 2009 Mandatory audit partner rotation, audit quality, and market perception: Evidence from ... type of restatement Secondly, we consider restatements from the Audit Analytics Non- Reliance Restatements database, which includes items from both Form 8-K, item 4.02 disclosures, as well as other...

Ngày tải lên: 06/01/2015, 19:43

... loafing or soldiering proceeds from two causes First, from the natural instinct and tendency of men to take it easy, which may be called natural soldiering Second, from more intricate second thought ... work can be done in a day from either their own experience, which has frequently grown hazy with age, from casual and unsystematic observation of their men, or at best from records which are kept, ... memory, an effort of the imagination And for this reason, even though our daily loss from this source is greater than from our waste of material things, the one has stirred us deeply, while the other...

Ngày tải lên: 23/12/2013, 19:15

... of yard laborers was reduced from between 400 & 600 down to about 140 Average number of tons per man per day went from 16 to 59 Average earnings per man per day went from $i.15 to $1.88 Average ... the slightest difficulty in getting all the men who were needed some of them from inside of the works and others from the neighboring country who were exactly suited to the job Under the management ... because they were not suited to this kind of work would entirely prevent them from properly selecting themselves, that is, from removing the seven out of eight men on the gang who were unsuited to...

Ngày tải lên: 21/01/2014, 01:20

... audit evidence that is sufficient and appropriate to provide a basis for our opinion The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from ... research on user perceptions of the standard auditor’s report in 2006 Findings from this research, the input obtained from the IAASB’s dialogue with various stakeholders around the world, and the ... reporting more broadly It is notable that the call for change initially came primarily from institutional investors and financial analysts who are looking to auditors to help assist in navigating...

Ngày tải lên: 23/03/2014, 04:20

... Quality Assurance CHAPTER Audit Evidence Process Audit Evidence Audit Evidence Procedures Criteria for Success Statistical Sampling Why Sample? Judgmental (or Non- Statistical) Sampling Statistical ... meet the new professional requirements regarding fraud and internal control IDEA can read, display, analyze, manipulate, sample or extract from data files from almost any source from SAP to QuickBooks— ... as well as professional development through certifications, professional involvement, and training (both internal and external) are reviewed Chapter exposes the fundamental audit evidence process...

Ngày tải lên: 25/03/2014, 11:07

... or make another decision (or look for a better position) High Hire Sunk Sure Look for confirming evidence: Seek out the information to support an existing preselection and opposing ones decry ... convenient strategies, and with either, we dispense the need to think for ourselves." for to with (none) Be too prudent: Our doubts are traitors and make us lose opportunities by fearing to make...

Ngày tải lên: 26/07/2014, 15:21

... irrelevant irreverent 10 False alternative: This attempts to the decision-maker into a corner from which there is no escape except to accept the alternative box frame screw wrestle ...

Ngày tải lên: 26/07/2014, 15:21

... consultations with health professionals, either with the professional who is directly dealing with the patient or by asking the patient to receive guidance by another health professional Therefore, ... as health care professionals, to take decisions on their behalf Although numerous reviews have considered how best to implement clinical guidelines and other forms of evidence or evidence- based ... ▪ Assessing the value of evidence ▪ Understanding professional engagement ▪ Defining and evaluating 'best practice' ▪ Linking DST to evidence base ▪ Confidence...

Ngày tải lên: 11/08/2014, 16:21

... demand for knowledge has fostered the development of translation and it seems that many nonprofessionals and semi -professional translators undertake the task of translating Hopefully, this study will ... analysis which differentiates errors 14 resulting from a lack of comprehension and those resulting from other shortcomings or problems Errors from a lack of comprehension is then divided into ... Covertly erroneous errors: those which result from a mismatch in one situational dimension  Overtly erroneous errors: those which result from a non- dimensional mismatch Such errors can be divided...

Ngày tải lên: 30/03/2015, 15:48