The literature on management accounting Performance Measurement (PM) focuses on the manufacturing industry, and relatively little emphasis is given on services including Financial Services Industry (FSI) in developing countries. An attempt has been made in this multiple case study to examine PM...

The National Audit Office of the People's Republic of China issued thirty eight auditing standards and guidelines on 1 January 1997. This was the culmination of a variable historical development during which audit activity was either emphasized or downplayed altogether. With the open door policy...

Using the procedures stipulated by the grounded theory, this study reports the findings of in-depth semi-structured interviews with five owners-managers of small and medium sized enterprises (SMEs)on how performance is being measured. The findings reveal that the owners-managers use a hybrid...

Management relies upon the results of performance evaluation to assess achievements and to formulate strategies. Traditional approach of evaluations focuses mainly on the financial achievements. This paper argues that companies need to use both financial and non-financial elements.Various...

A parent firm has many choices when it comes to selecting the indicators for measuring performance of its international joint ventures (IJVs). This paper identifies the indicators, discusses the reasons and factors that influence these choices. Semi-structured interviews with five US parent...

In this paper, we employ econometric techniques to examine the impact of political variables on investor sentiment, stock market returns, and the covariance between investor sentiment and equity returns. Similar to prior studies our results indicate that stock market returns are higher during...

The National Audit Office of the People's Republic of China has taken a giant leap forward in 1997 by issuing 38 auditing guidelines for the government audits. This is a step forward to harmonize audit processes and procedures throughout the country, and an attempt to harmonize with...

Risk is closely associated with return of investments and materiality. Investments with considerably higher risk normally attract a higher rate of return. Whereas, higher level of risk needs a higher threshold of materiality. There are occasions in which financial managers, fail to take the...

High-profile fraud cases have continued to make the news over the past few years. But exactly what are auditors' responsibilities when it comes to detecting fraud? The author of this article reveals that the auditing profession has come full circle-from being responsible to not being responsible...

This paper assesses the income smoothing strategies and analyzes what motivates organizations to engage in smoothing their earnings. An ethical framework is drawn upon to evaluate the implications of these issues. It concludes with suggestions and implications for the policy makers, researchers...