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Author: Jagan Krishnan Publisher: ISBN: Category : Languages : en Pages : 44
Book Description
The Securities and Exchange Commission (SEC) recently made timely reviews of quarterly financial statements mandatory for all registrants. The objective is to improve corporate quarterly reporting. However, formal review reports are not required to be included in 10-Q filings, and may not even be issued by auditors. A priori, one would expect these reports to be useful to investors if they imply added auditor diligence or if they contain modifications to the standard report. We find that only 5.7% of the companies in our sample attached the auditor's review report in their 10-Q filings. Also the majority of these reports are clean, suggesting that clients may not be disclosing the reports when they are modified. After controlling for factors such as auditor type, agency costs, capital market transactions, and company size, we find a significant negative association between auditor's litigation risk and disclosure of a review report. In addition, we find that the disclosure of a review report is associated with auditor type and company size.
Author: Jagan Krishnan Publisher: ISBN: Category : Languages : en Pages : 44
Book Description
The Securities and Exchange Commission (SEC) recently made timely reviews of quarterly financial statements mandatory for all registrants. The objective is to improve corporate quarterly reporting. However, formal review reports are not required to be included in 10-Q filings, and may not even be issued by auditors. A priori, one would expect these reports to be useful to investors if they imply added auditor diligence or if they contain modifications to the standard report. We find that only 5.7% of the companies in our sample attached the auditor's review report in their 10-Q filings. Also the majority of these reports are clean, suggesting that clients may not be disclosing the reports when they are modified. After controlling for factors such as auditor type, agency costs, capital market transactions, and company size, we find a significant negative association between auditor's litigation risk and disclosure of a review report. In addition, we find that the disclosure of a review report is associated with auditor type and company size.
Author: United States Government Accountability Office Publisher: Lulu.com ISBN: 0359536395 Category : Reference Languages : en Pages : 234
Book Description
Audits provide essential accountability and transparency over government programs. Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever. Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future. The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services. These standards, commonly referred to as generally accepted government auditing standards (GAGAS), provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. This revision contains major changes from, and supersedes, the 2011 revision.
Author: S. Rao Vallabhaneni Publisher: John Wiley & Sons ISBN: 0471718793 Category : Business & Economics Languages : en Pages : 333
Book Description
The Wiley CIA Exam Review is the best source to help readers prepare for the Certified Internal Auditor (CIA) exam, covering the Sarbanes-Oxley Act and more. Wiley CIA Exam Review, Volume 1: Internal Audit Activity’s Role in Governance, Risk, and Control covers establishing a risk-based plan, understanding the internal audit activity’s role in organizational governance, performing other internal audit roles and responsibilities, planning an audit, and more. Every volume in the Wiley CIA Exam Review series offers a successful learning system of visual aids and memorization techniques. Each volume is a comprehensive, single-source preparation tool that features theories and concepts, indicators that help candidates allot study time, full coverage of the IIA’s Attribute and Performance Standards, and in-depth of theory and practice.
Author: American Bar Association. House of Delegates Publisher: American Bar Association ISBN: 9781590318737 Category : Law Languages : en Pages : 216
Book Description
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
Author: Jay Brown Publisher: Wolters Kluwer ISBN: 9781567066623 Category : Law Languages : en Pages : 1664
Book Description
Providing actual documents created by the nation's leading law firms, this comprehensive, Second Edition, five-volume library gives you virtually every form you need to meet today's corporate legal and procedural requirements -- from the simplest, to the most sophisticated corporate action -- for all types of corporate entities. From closely-held companies to public corporations, its approximately 500 forms provide practical, easy-to-use tools that have been proven in the field. In addition, in recognition of the increased use of noncorporate business entities, coverage has been expanded and the set now includes information on forming limited partnerships, limited liability companies, and limited liability partnerships. All of the forms are complete and unabridged, so you have a full template for the finished product. Contemporary Corporation Forms covers practically every corporate function and situation under such topics as: Shareholder agreements Registered agent filings Foreign qualifications Board meetings: directors, officers, and managers Private placement Shareholders' meetings, elections, voting, and notice Compensation of directors, officers, and managers Warrants, options, dividends, and spinoffs Equity transfers Amendments and changes in capital Initial public offerings Merger, consolidation, and sale of assets Dissenters' rights, environmental concerns Professional corporations, nonprofit corporations Inspection of records Dissolution
Author: Jagan Krishnan
Author: Jagan Krishnan
Author: United States Government Accountability Office
Author: 
Author: 
Author: S. Rao Vallabhaneni
Author: International Accounting Standards Board
Author: 
Author: American Bar Association. House of Delegates
Author: Jay Brown
Author: United States. Office of the Comptroller of the Currency