After many years of debating the appropriate treatment for goodwill, Malaysia finally has an enforceable accounting standard on this topic. Applicable for business combinations with reporting dates commencing on or after 1 January 2006, FRS 136 - Impairment of Assets requires that goodwill...

Discount rate selection represents a centrally material factor impacting valuation models. Given the strong reliance on discounted cash flow modelling as a basis for determining an assets recoverable amount, the judgement exercised by reporting entities regarding rate selection is of paramount...

The introduction of an impairment test for goodwill under IFRS is seen as another step toward moving financial accounting and reporting from its traditional historical cost paradigm to one of fair value. This regulatory change has been the subject of a growing body of literature which has often...

In 2005, Rainmaker (2004b) predicts the total value of Australian sourced investment funds will, for the first time, exceed AUD$1 trillion ($1,000,000,000,000). This phenomenal achievement has been fuelled in part by compulsory superannuation and an insatiable appetitive among Australian...

By convention, the quality of an audit is understood to relate to the joint probability that its conduct results in the detection and reporting of material financial statement errors. Early research into this phenomenon suggested a positive relationship between audit firm size and audit quality....

The 2006 reporting year represents the first year in which substantial quantities of financial statements prepared by Australian listed corporations in accordance with the requirements of A-IFRS have become available for inspection. It is the purpose of this paper to develop an impression of the...

Mandatory disclosure of director and executive remuneration is a relatively new phenomenon and has only been a requirement in Australia since 2004. This paper will examine the current practice of disclosure of director and executive remuneration across a sample of Australian listed firms,...

This paper examines the disclosure of intangible assets by 'high user' industrial firms in the Australian market subsequent to the introduction in 2005 of AASB 136 and AASB 138. Using a sample of ten large industrial firms with combined intangible assets of $37,758 million as at 2006, the paper...

Expense ratios are an important impersonal data source and one of the major factors influencing the purchase decision for an investor in an investment fund. Growth in Australian sourced investment funds has now eclipsed $1 trillion, with predictions that the whole market will compound by 12...

The event of a rising share price for a firm following the announcement of its intentions to acquire another firm is generally recognised as a sign of market support for the deal. If the price continues to rise over the offer period, as the market fully digests various items of information...