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Accounting Restatements and Key Audit Matters disclosure - e-Book

2022-07-15 Business & Economics
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Release : 2022-07-15
Genre : Business & Economics
Kind : eBook
Book Rating : 550/5 ( reviews)

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Book Synopsis Accounting Restatements and Key Audit Matters disclosure - e-Book by : MATOZZA FELICE

Download or read book Accounting Restatements and Key Audit Matters disclosure - e-Book written by MATOZZA FELICE. This book was released on 2022-07-15. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is one of the few books to investigate the understudied but fascinating topic of accounting restatement in the European context. In the first chapter, substantial changes over time in treatments for correction of errors under the International Financial Reporting Standards and Italian generally accepted accounting principles are examined. Following that, a brief overview of the literature, mainly concerning the United States environment, and characteristics of and trends in accounting issues drawn from restatements announced by a sample of firms listed in European countries from 2016 to 2020 are presented. After a review of multi-country empirical research, chapter 3 presents an assessment of the frequency and severity of restatements at the country, industry and year levels. Finally, chapter 4 considers the forewarning effect of topics communicated in the key audit matters in relation to subsequently revealed account-specific misstatements by proposing a new matching procedure. Throughout the work, the author provides frequent comparisons with findings obtained by United States scholars.

Accounting Restatements and Key Audit Matters disclosure

2022-07-15 Business & Economics
Download Accounting Restatements and Key Audit Matters disclosure PDF Online Free

Author :
Release : 2022-07-15
Genre : Business & Economics
Kind : eBook
Book Rating : 363/5 ( reviews)

GET EBOOK


Book Synopsis Accounting Restatements and Key Audit Matters disclosure by : MATOZZA FELICE

Download or read book Accounting Restatements and Key Audit Matters disclosure written by MATOZZA FELICE. This book was released on 2022-07-15. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is one of the few books to investigate the understudied but fascinating topic of accounting restatement in the European context. In the first chapter, substantial changes over time in treatments for correction of errors under the International Financial Reporting Standards and Italian generally accepted accounting principles are examined. Following that, a brief overview of the literature, mainly concerning the United States environment, and characteristics of and trends in accounting issues drawn from restatements announced by a sample of firms listed in European countries from 2016 to 2020 are presented. After a review of multi-country empirical research, chapter 3 presents an assessment of the frequency and severity of restatements at the country, industry and year levels. Finally, chapter 4 considers the forewarning effect of topics communicated in the key audit matters in relation to subsequently revealed account-specific misstatements by proposing a new matching procedure. Throughout the work, the author provides frequent comparisons with findings obtained by United States scholars.

Financial Reporting Handbook

2003 Business & Economics
Download Financial Reporting Handbook PDF Online Free

Author :
Release : 2003
Genre : Business & Economics
Kind : eBook
Book Rating : 029/5 ( reviews)

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Book Synopsis Financial Reporting Handbook by : Michael R. Young

Download or read book Financial Reporting Handbook written by Michael R. Young. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt: Never before has a single reference provided such quick access to every critical aspect of financial reporting. In addition to covering the new Sarbanes-Oxley legislation, SEC rules and regulations, and corporate governance standards promulgated by the Independence Standards Board and the AICPA at institutions such as New York Stock Exchange, NASDAQ, and the American Stock Exchange, the Financial Reporting Handbook tackles important underlying themes such as the centrality of the audit committee, the individual responsibility of executives, and the integrity of the outside auditor. Best of all, the Financial Reporting Handbook will be updated every quarter with the relevant laws and regulations that are developed and implemented.

Financial Statement Restatements

2002 Financial statements
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Author :
Release : 2002
Genre : Financial statements
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Financial Statement Restatements by : United States. General Accounting Office

Download or read book Financial Statement Restatements written by United States. General Accounting Office. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt:

The Effects of Critical Audit Matter Paragraphs and Accounting Standard Precision on Auditor Liability

2016
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Release : 2016
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis The Effects of Critical Audit Matter Paragraphs and Accounting Standard Precision on Auditor Liability by : Christine Gimbar

Download or read book The Effects of Critical Audit Matter Paragraphs and Accounting Standard Precision on Auditor Liability written by Christine Gimbar. This book was released on 2016. Available in PDF, EPUB and Kindle. Book excerpt: The Public Company Accounting Oversight Board recently proposed amendments to the standard audit report that would require the disclosure of critical audit matters (CAMs), and the Securities and Exchange Commission continues to evaluate the use of principles-based (imprecise) accounting standards within U.S. generally accepted accounting principles. We assert that precise accounting standards are perceived by jurors to constrain auditors' control over financial reporting outcomes, resulting in a lower propensity for negligence verdicts when the accounting treatment conforms to the precise standard. However, we hypothesize that the use of either imprecise standards or CAMs removes this constraint, leading to increased auditor liability. We present experimental evidence, including a mediation analysis, supporting this argument. Our results highlight the similarities between the effects of imprecise accounting standards and CAMs on negligence assessments. The results provide insight for regulators and the profession about the potential interactive consequences of the proposed regulatory changes.

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