integrity auditor independence and the protection of investors

... (SOX) mandate the rotation of the lead audit partner, but not the audit firm itself, every years However, because of concerns about the threat to auditor independence, SOX also directed the United ... as they further consider the need for mandated audit firm rotation The following section reviews prior literature and develops research questions Then, the experimental design is described and the ... unobservable, investors perceptions matter and perceived lack of independence can be as damaging as an actual violation of independence (Olazabal and Almer, 2001) The importance of investors perceptions...

Ngày tải lên: 06/01/2015, 19:43

... statements, and memoranda have dealt with the status, function, and the (il)legality of the use and possession of this category of ‘weapons of mass destruction’,1 and almost all of them agree ... Weapons, pp 3–4 For a discussion of these early days of nuclear physics and the lives, education and work of Rutherford and Bohr see the chaps and in: Rhodes, The Making of the Atomic Bomb, pp 29–77 ... on the illegality of the use of nuclear weapons In operative para 1, the Assembly declared: ‘(a) The use of nuclear and thermo-nuclear weapons is contrary to the spirit, letter and aims of the...

Ngày tải lên: 16/03/2014, 13:20

... warming and loss of biodiversity It is in the context of the huge (but largely unaccountable) impact of accounting and accountants that the demise of Arthur Andersen and the financial scandals of the ... After the enactment of the United States Securities Acts at the beginning of the 1930s, and the subsequent creation of the Securities and Exchange Commission (SEC), the concept of auditor independence ... scandals of 2002 and the enactment of the Sarbanes-Oxley Act, which modifies the concept of auditor independence once again towards the concept of protecting the interests of investors and creditors...

Ngày tải lên: 01/11/2014, 23:07

... consider rotation of auditors as a means of enhancing auditor independence and building investor confidence The Commission believes that the cost of auditor rotation is less than the costs of crises in ... length of the auditor tenure within rotation have on the bank loan of cers’ perceptions of audit firms’ independence? RQ2a: Does the rotation of the external audit firm affect the bank loan of cers’ ... six-year auditor tenure (AFR6 hereafter) Loan of cers were instructed to read the case materials, render their perceptions of the independence of the CPA performing the financial statement audit, and...

Ngày tải lên: 06/01/2015, 19:42

... America and the Law of the Sea’, in L M Alexander (ed.), The Law of the Sea: A New Geneva Conference Proceedings of the 6th Annual Conference of the Law of the Sea Institute, Kingston, Rhode Island, ... effective execution of the object and purpose of the Convention or which affect either the application of the basic principles embodied herein’ or the rights and obligations of other parties This ... globalism and regionalism in the law of the sea is at its most evident and most complex in Part XII of the LOS Convention There is no doubt that the fundamental elements of the law of the marine...

Ngày tải lên: 01/11/2013, 09:20

... identification theory than with the competition theory III THE A "COMPETITION" THEORY OF FUNcTIONALriY AND ITs TESTS The "Competition" Theory The "competition" theory of functionality142 is currently the ... because they possess some quantum of value beyond the identification of their source On the other hand, the competition theory maintains the opposite view-these features are not functional because they ... loss to the plaintiff, both by reason of confusing the source of the defendant's product, and by reason of the peculiarly unwholesome associ"39 ation of [other] ideas By permitting the owner of a...

Ngày tải lên: 07/03/2014, 12:20

... judgments, including the nature and degree of risk, the condition of the particular population involved, and the nature and level of the anticipated benefits (v) Relevant risks and benefits must ... investigators and members of their institutions are obliged to give forethought to the maximization of benefits and the reduction of risk that might occur from the research investigation In the case of ... the subjects should understand clearly the range of risk, and the voluntary nature of participation A special problem of consent arises, where informing subjects of some pertinent aspect of the...

Ngày tải lên: 22/03/2014, 15:21

... explanation of: The purpose and scope of the ISA, including how the ISA relates to other ISAs • The subject matter of the ISA • The respective responsibilities of the auditor and others in relation to the ... of other relevant ISAs A70 The requirements of the ISAs are designed to enable the auditor to achieve the objectives specified in the ISAs, and thereby the overall objectives of the auditor The ... achieved, the auditor shall evaluate whether this prevents the auditor from achieving the overall objectives of the auditor and thereby requires the auditor, in accordance with the ISAs, to modify the...

Ngày tải lên: 29/03/2014, 18:20

... above) consisting of the freedom of appropriation of GR and of TK on the part of the inventor on one side, while on the other the users in the country in question had to purchase the secondary products ... engine, other uses of oil, gas, and mineral resources, and the advancement of fishing technology.27 The codification of the CBD marks the same tendency of defining the expanding sovereign rights of States ... the Protection of New Varieties of Plants (UPOV)37 and the FAO’s ITPGRFA The Patent Cooperation Treaty (PCT) and the Substantive Patent Law Treaty (SPLT), on the one hand, and the relevant soft...

Ngày tải lên: 30/03/2014, 10:20

... indicates the tryptic C- and N-lobe fragments derived from bLF bearing either 3, or N-linked glycans Left-hand numbers (10)3 · Mr) indicate the migration of the protein standards protein band of Mr ... numbers (10)3 · Mr) indicate the migration of the protein standards hC2-tryp, hC1-tryp and hN1-tryp represent the tryptic C- and N-lobe fragments of hLF bearing either or N-linked glycans Ó FEBS ... is rather subtle and did not appear from comparative studies of natural hLF and rhLFcDNA by in vitro and in vivo antigenicity, ironbinding and release and binding to several ligands [21] The only...

Ngày tải lên: 30/03/2014, 13:20

... by the firm to the NIAO The statutory responsibility rests with the NIAO and the C&AG certifies the account Tender Evaluation 2.14 The NIAO will award a contract for each lot on the basis of the ... knowledge of the issues and problems relating to the public sector and of the corporate governance framework in place in the sector Only staff who are trained and suitably qualified to undertake the ... International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board The C&AG has personal responsibility for signing the audit certificate for the accounts of all of the organisations...

Ngày tải lên: 19/06/2014, 21:20

... provided by the continuous performance of the freezer engine Thermal homogeneity was achieved through a microfan system arranged inside of the chamber This device provided a thermal stability of ± 0.1 ... remarkable the arrangement of the threshold values of frost resistance obtained in both the thermal analysis and polyelectrolyte leakage (Figs and 3) It can be observed that seeds of evergreen ... [36] could act extensively until acorn shedding These results suggest the benefits of the generation and conservation of mixed stands of deciduous and evergreen oaks to encourage seedling recruitment...

Ngày tải lên: 08/08/2014, 01:22

... contraventions of the auditor independence requirements of the Corporations Act 2001; and (b) no contraventions of any applicable code of professional conduct in relation to the audit CLERP also mandated the ... Quality between the auditor and audit clients and their effects on auditor independence There is presently a lack of empirical evidence on the impact of CLERP on audit quality Therefore, this ... declare that the provision of NAS has not compromised auditor independence Therefore, the objective of the current study is to investigate whether the implementation of CLERP mitigates the association...

Ngày tải lên: 06/01/2015, 19:42

... of the accruals measures presented in Figure 1; the number of consecutive years that the firm has retained the auditor; the number of years of data available on Compustat since 1980; the log of ... calculate auditor tenure as the number of years that the firm has retained the given auditor, and code auditor changes attributable to audit firm mergers as a continuation of the prior auditor We ... deal of attention from regulators and the popular press as of late.4 The remainder of the paper is organized as follows In Section II, we summarize the arguments supporting and opposing mandatory...

Ngày tải lên: 06/01/2015, 19:43

... Introduction Auditor independence is the cornerstone of the auditing profession In general, auditor independence can be of two forms: independence in fact” and independence in appearance” The former ... protecting auditor independence in the country The paper proceeds as follows The next section discusses the literature review and the development of the hypotheses Sections and present the research ... three years of engagement However, in light of the Enron case, the Chairman of the Malaysian Accounting Standard Board announced the intention of the board to make it mandatory to rotate the audit...

Ngày tải lên: 06/01/2015, 19:43

... resulting in a further sharp increase in the demand for external audits The establishment of the Shanghai and Shenzhen stock exchanges and the promulgation of new accounting and auditing standards also ... profitability, and whether there is new issue of equity after the auditor switching Prior auditor switching studies focus mainly on the auditing markets in the Western countries Nonetheless, the basic theories ... positive and significant at the per cent level (Coeff = 1.28, Wald = 3.85, p < 05) If the current status is the separation of the CEO and the board of directors’ chairman and the probability of a...

Ngày tải lên: 06/01/2015, 19:43

... the assurance provider and the information intermediater Nonetheless, the utility of the auditing function depends upon audit quality which is determined by the independence of auditors and the ... by the management (Jensen and Meckling, 1976) Thus, a series of mechanisms or measures are imposed to bind the managers and to induce them to act in the best interest of the owners One of the ... order to mitigate the negative impact of the unclean audit report on the firm's stock price in the market, and on the self-interests of the management or the controlling shareholders Auditor switching...

Ngày tải lên: 06/01/2015, 19:43

... the food stocks, and the mood of the garrison The tactics of the Daily Mail captured the attention of the nation; the newspaper dramatized the situation of the town by emphasizing the danger that ... examine both the role of the press in the formation of public opinion about imperialism and the role of the press in the formation of the concept of public opinion itself Mafeking Night marks the powerful ... powerful beginning of the New Journalism at the same time as it marks the beginning of the end of the New Imperialism The coincidence of these occasions arises from the nature of the South African...

Ngày tải lên: 21/09/2012, 10:54

... of individual, hand-to-hand combat Grand strategy, on the other hand, remained the preserve of Tiw.11 In India, too, much the same phenomenon was apparent in the role of Indra, the chief of the ... the mainstream of legal analysis, largely as a result of the crumbling of older conceptions of legitimacy and the rise of new aspirations for democracy and the self-determination of peoples The ... testimony both to the warlike character of the Greeks and to their feeling of cultural unity, the cities of the Amphictyonic League of Delphi agreed that, in the event of war, the combatant states...

Ngày tải lên: 21/09/2012, 11:02

... creating and advancing liquidity to producers; along the circuit, the financial system governs the supply and demand of funds and, at the end of the process, it determines the condition for the closure ... functioning and integrity of the circuit is the improvement of the quality and quantity of available information To the extent that financial institutions invest in reputational capital and financial investors ... institutions and strengthen the complementarity between the formal and the informal sectors The poorest people of rural and urban societies live beyond the frontier of formal finance, or outside the formal...

Ngày tải lên: 24/10/2012, 09:33