Download or read book Client to Auditor Employment Offers and Auditor Independence in the Post Sarbanes Oxley Era written by Reginald Wilson and published by . This book was released on 2018 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ninety-six nonprofessional investors indicate that public accounting firms' independence is perceived to be more impaired than non-public firms when the firm audits a client who has offered a job to a member of the audit team. Although perceptions of both firms' objectivity improve as the strength of the independence safeguards increase, public company auditors are perceived as being more objective than non-public company auditors. These results bolster the argument for unified accounting standards. This study is the first to investigate nonprofessional investors' perceptions of the issue, despite their prominence in the capital markets.
Download or read book Accounting and the Global Economy After Sarbanes Oxley written by Don E. Garner and published by Routledge. This book was released on 2014-12-18 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is essential for students and practitioners in accounting, international business, finance, and economics. In a straightforward and readable style, it focuses on the changing accounting and auditing standards in national and global economies in the post-Enron/Arthur Andersen era. The authors clarify the reasons behind and consequences of the accounting profession's failure in auditing and self-regulation, as most firms placed consulting profits ahead of public audit duties. They show how Sarbanes-Oxley solutions, while not perfect, are major contributors to the profession's redemption, and have enabled it to rise to new heights of service and revenue. The book offers a detailed examination of accounting practitioners' past challenges and future prospects. It provides a realistic analysis of specific issues facing accounting and auditing firms today, including the growing problem of independence; the need for one set of international accounting standards and one set of auditing standards; adjustments facing the global financial system; and the impact of the Internet and communication systems on accounting firms.
Download or read book Sarbanes Oxley For Dummies written by Jill Gilbert Welytok and published by John Wiley & Sons. This book was released on 2011-02-08 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: You may not believe that there’s a fun and easy way to comply with Sarbanes –Oxley, but once you have Sarbanes-Oxley For Dummies, Second Edition in front of you, you’re sure to change your mind. This friendly guide gets you quickly up to speed with the latest SOX legislation and shows you safe and effective ways to reduce compliance costs. In plain English, this completely reliable handbook walks you through the new and revised SOX laws, introduces compliance strategies for changed and unchanged guidelines, and gives you an effective framework for implementation You’ll find out how to create an efficient audit committee, purchase and use SOX software solutions, and make practical, cost-effective decisions in your initial compliance year and beyond. You’ll also find proven strategies for staying public or going private and learn how to deal with all those SOX forms. Discover how to: Establish SOX standards for IT professionals Minimize compliance costs in every area of your company Survive a section 404 audit Avoid litigation under SOX Anticipate future rules and trends Create a post-SOX paper trail Bolster your company’s standing and reputation Work with SOX in a small business Meet new SOX standards Build a board that can’t be bought Comply with all SOX management mandates Complete with invaluable tips on how to form an effective audit committee, Sarbanes-Oxley For Dummies is the resource you need to keep your SOX clean.
Download or read book Understanding Auditor client Relationships written by Gary Kleinman and published by Gary Kleinman. This book was released on 2001 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work is intended to assist researchers, regulators, and practitioners who are interested in the topic of auditor independence. It presents a comprehensive model of the individual, work place, organization, inter-organizational, and organizational field level determinants of the topic.
Download or read book The Sarbanes Oxley Section 404 Implementation Toolkit written by Michael J. Ramos and published by John Wiley & Sons. This book was released on 2005-04-15 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tools to manage ongoing Sarbanes-Oxley compliance In The Sarbanes-Oxley Section 404 Implementation Toolkit, author and consultant Michael Ramos provides a detailed road map to help companies not only streamline their compliance process, but also make the process manageable and repeatable year after year. The first book to provide detailed implementation practice aids for Sarbanes-Oxley 404 compliance, The Sarbanes-Oxley Section 404 Implementation Toolkit is packed with work programs, audit checklists, and examples that readers can tailor to meet their own unique needs. Featuring a useful CD-ROM that contains all of the tools from the book, this timely workbook includes best practices that will benefit anyone who participates in the planning or performance of the effectiveness of internal control. A must-read for all CFOs, internal auditors, CPA firms, and independent auditors involved in the compliance process, The Sarbanes-Oxley Section 404 Implementation Toolkit embraces the common approaches and methodologies that have proven successful in the new world of Sarbanes-Oxley internal control testing and reporting.
Download or read book Auditor Independence Revisited written by Asokan Anandarajan and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Much has been written about Section 404 of the Sarbanes Oxley Act, especially the great expense that it inflicts upon SEC registrants preparing their annual reports. Less remarked on, though, is whether the restrictions that SOX imposes on the auditing profession in its relationship to its clients has significantly improved auditor independence. This question can only be answered by researchers. We seek to shed some light on this by examining what researchers learned about the impact of Sarbanes Oxley on auditor independence since SOX's passage. We also examine if researchers have studied the key ramifications of the requirements of SOX. We address the deficiencies of extant published literature and discuss what areas need to be looked at. Finally, we discuss potential alternative audit market structures developed overseas and briefly discuss their relevance here. In essence, we examine whether there is a gap between what regulators want to see addressed and what researchers have actually looked at with respect to issues concerning auditor independence in the post-Sarbanes Oxley period.
Download or read book Understanding Accounting Academic Research written by Stephen R. Moehrle and published by Emerald Group Publishing. This book was released on 2013-06-25 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accounting scandals such as Enron and WorldCom ushered in several regulatory overhauls including Sarbanes-Oxley. This monograph summarizes and synthesize a decade of academic research to develop an evolving dominant explanation around these myriad changes.
Download or read book Corporate Governance Post Sarbanes Oxley written by Zabihollah Rezaee and published by John Wiley & Sons. This book was released on 2007-10-05 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate Governance Post Sarbanes-Oxley introduces a corporate governance structure consisting of seven interrelated mechanisms of oversight: managerial, compliance, audit, advisory, assurance, and monitoring. The book begins with a discussion of the new requirements for corporate governance and financial reporting brought about by Sarbanes-Oxley and then shows how a well-balanced functioning of the seven mechanisms produces a responsible corporate governance structure that ensures quality financial reporting and credible audit services. Each chapter includes checklists, real-world case studies, and best practice tips.
Download or read book The Sarbanes Oxley Act Auditor Independence and Accounting Accruals written by Anwer S. Ahmed and published by . This book was released on 2006 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: We provide evidence on the relation between office-level client importance and abnormal accruals in a pre-SOX period and a post-SOX period. We find that in the pre-SOX period the relation is not significant for the overall sample. However, it is significantly positive for the sub-sample of firms with relatively weak governance mechanisms. More importantly, we find that for this sub-sample the positive relation between client importance and abnormal accruals remains statistically significant even in the post SOX period. Our results suggest that (i) auditor independence was not widely compromised in pre-SOX periods as presumed by the proponents of SOX, (ii) strong governance mechanisms mitigate the potentially adverse effects of client importance on auditor independence, and (iii) SOX has not been successful in mitigating the adverse effects of client importance on auditor independence for firms with weak governance.
Download or read book Auditor Independence written by Ismail Adelopo and published by Routledge. This book was released on 2016-04-08 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Auditor Independence, Ismail Adelopo argues that the importance of auditors' independence cannot be over-emphasised. Not only do auditors provide certification of the truth and fairness of the information prepared by managers, they also have a duty to express opinions on the degree of compliance with laws and regulations guiding a firm's operations. Theirs is a socially important responsibility. In all that has been proposed to mitigate the governance crisis and restore confidence in the market system, relatively little attention has been paid to auditor independence. Examining the historical role of auditing in corporate governance and the regulatory context, this book sets the function within a theoretical framework and then provides empirical analysis of the problem issues such as the relationship between audit committees and external auditors and the probity of providing non-auditing services to audit clients. The focus on matters that are damaging to market confidence and threatening to the reputation of the auditing profession, means the conclusions and recommendations in this book are important for key stakeholders, including policy makers, regulators, those running companies, and their investors and customers. This is also a book for those responsible for training in the auditing profession and for others with a research or academic interest in the matters addressed.
Download or read book Auditor Independence and the Quality of Information in Financial Disclosures written by James R. Brown and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Does auditor independence increase the quality of financial disclosures, and is regulation necessary to realize such improvements? Conventional wisdom answers “yes!,” but lacks support from scholarly studies. We thus investigate whether auditor independence affects earnings quality in ways that prior research would have missed, and consider the efficiency-consequences of regulation that restricts auditors from producing non-audit services (NAS). Results from our research design offer stronger evidence that auditor independence increases earnings quality. Importantly, however, they offer little evidence that a client-firm's choice of auditor independence creates externalities, and thus speak more directly against the recent Sarbanes-Oxley restriction on NAS.
Download or read book Sarbanes Oxley Institute written by and published by . This book was released on 2005 with total page 672 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Sarbanes Oxley and the New Internal Auditing Rules written by Robert R. Moeller and published by John Wiley & Sons. This book was released on 2004-05-10 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sarbanes-Oxley and the New Internal Auditing Rulesthoroughly and clearly explains the Sarbanes-Oxley Act, how itimpacts auditors, and how internal auditing can help with itsrequirements, such as launching an ethics and whistle-blowerprogram or performing effective internal controls reviews under theCOSO framework. With ample coverage of emerging rules that have yetto be issued and other matters subject to change, this bookoutlines fundamental blueprints of the new rules, technologicaldevelopments, and evolving trends that impact internal auditprofessionals. Order your copy today!
Download or read book Summary of the Accounting Establishment written by United States. Congress. Senate. Committee on Government Operations. Subcommittee on Reports, Accounting, and Management and published by . This book was released on 1976 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Seven Signs of Ethical Collapse written by Marianne Jennings and published by Macmillan. This book was released on 2006-08-22 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you're interested in understanding the (not-so) ethical underpinnings of business today, this book is both a must-have tool and a fascinating window into today's business world.
Download or read book Sarbanes Oxley written by Michelle M. Henkel and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "... presents a detailed study of the requirement that an accountant auditing the financial statements of a public company must be independent in fact and in appearance of that company. This portfolio analyzes the historical auditor independence rules under the U.S. securities laws, the changes to these rules as a result of the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act"), and the reasons for these changes. Because the Public Company Accounting Oversight Board (the "PCAOB") is responsible for implementing the Sarbanes-Oxley Act, the portfolio also includes a general discussion of the establishment, purpose, and operation of the PCAOB. "
Download or read book Auditor Independence After Sarbanes Oxley written by Dechert LLP. and published by . This book was released on 2003 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
