Showing 1 - 10 of 27,448
Chinese firms listing in the U.S. via reverse mergers (CRMs) have dominated prior media, regulator and research attention. Yet CRMs have effectively ceased, leaving Chinese firms listing via initial public offerings (CIPOs) as the relevant remaining class of Chinese firms listing on U.S....
Persistent link: https://www.econbiz.de/10012940181
We examine the impact of adverse auditors' opinions on clients' internal control over financial reporting (ICFR), issued under SOX Section 404, on auditor dismissals. Companies receiving adverse ICFR opinions are more likely to subsequently dismiss their auditors. This association between...
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Recent increases in the occurrence and magnitude of goodwill impairment charges highlight the increasing importance of … the role of the auditor in goodwill accounting. This study examines the association between disclosures about the fair … value measurement of goodwill and audit fees. We find that goodwill-related disclosures are positively related to audit fees …
Persistent link: https://www.econbiz.de/10012899690
The elimination of goodwill amortization in 2001 brought about significant change in how companies are required to … account for goodwill. This change in accounting also brought with it new challenges for auditors, namely evaluating the … reasonableness of management's assumptions related to goodwill valuation. In addition to introducing technical challenges, this task …
Persistent link: https://www.econbiz.de/10012937856
This study investigates the determinants of goodwill impairment decisions by firms applying IFRS based on a … comprehensive sample of stock-listed firms from 21 countries. Multivariate logistical regression findings indicate that goodwill …-level incentives. In addition, whereas goodwill impairment tends to be timely for firms in high enforcement countries, firms in low …
Persistent link: https://www.econbiz.de/10012940826
This study investigates the determinants of firms' decision to impair goodwill under IFRS. Our empirical analysis is … whether or not to impair goodwill. We find that firms' decisions are related to measures of performance, but also to proxies … for managerial and firm-level incentives. We also find that goodwill impairment is associated with lagged stock …
Persistent link: https://www.econbiz.de/10013022446
There has been a steady growth of goodwill impairments in the Chinese stock market since the adoption of the impairment … approach in accounting. The influence of goodwill impairments on a firm's financial position and profitability give reason to … information risks of goodwill impairments and express their concerns about financial reporting quality in their audit opinions …
Persistent link: https://www.econbiz.de/10012582454
statement item which provides a most significant reporting latitude, namely goodwill, using data collected through a survey of … current goodwill accounting standards and one that reflects a trusting attitude to the current standards. A structural … an analyst. In addition, experience is associated with a sceptical perception of the current goodwill accounting model …
Persistent link: https://www.econbiz.de/10012967553