Worldwide application of IFRS (International Financial Reporting Standard) not only standardize the accounting treatments but also helpful in producing true and fair financial statements. All the counties using IFRS (International Financial Reporting Standard) can easily make comparisons of...

An efficient corporate governance system ensures that an organization runs smoothly, protects shareholders, and ensures that directors conduct their duties in the best interests of the company. Because of their dominant position and voting power, majority shareholders can abuse their power by...

A significant role for hypothesis testing in econometrics involves diagnostic checking. When checking the adequacy of a chosen model, researchers typically employ a range of diagnostic tests, each of which is designed to detect a particular form of model inadequacy. A major problem is how best...