The paper empirically examines whether profitable corporates (positive earnings after tax) are also creating value for shareholders measured by EVA (economic value added), particularly in view of the global financial crisis of 2008. In addition, a comparison between India and China, the...

While the auditing profession in the USA and UK has developed ‘from the bottom up' over more than a century and a half, the Chinese profession has effectively been created ‘from the top down' in just over 20 years. Based mainly on information obtained from interviews we have conducted in...