Reputation Concerns of Independent Directors: Evidence from Individual Director Voting1 Wei Jiang2 Columbia Business School Hualin Wan3 Shanghai Lixin University of Commerce Shan Zhao4 Shanghai University of Finance and Economics This Draft: July 2012 1 The authors benefit from discussions with seminar and conference participants at ESCP Europe‚ EM Lyon‚ Grenoble School of Management‚ Reims Management School‚ the
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which were approved. d. 2 of the declined transactions were perfect rounded numbers $20 and $30 unlike the other transactions b. Additional analysis that I would recommend to be performed and to obtain other indicator to help plan the audit e. List the details of the 2 declined transactions that were exact round numbers f. Add employee details in the transaction list g. Expand the time scope of the first report to coincide with the second report h. Get the
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Organizational capabilities are stable over time and more difficult to copy than other competitive advantages like product strategy or technology. A capabilities audit can show a company how measure up and how to build on intangible strengths to implement cultural interchange and communal harmony among employees. Some capabilities that well-managed companies all tend to have are as follows Talent: Talent is the organizational capability that attracts‚ motivates and retains competent and committed people. Productivity
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Independent Reading Reflection My independent reading goal for this quarter was to read two or more books of a different genre variety. I read two books‚ one fiction and one non-fiction‚ meaning I met my goal. I had to make time to read with a busy schedule making me use my time management skills in bettering me for college level reading. One book I read‚ was Sickened by Julie Gregory. This is a biography so it’s a non-fiction book making this book out of my comfort zone. I am usually not interested
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addition implementing effective auditing and the encouragement of careful observation of public accounting followed by an enforcement of intense criminal and civil charges liabilities for violations of the securities law was also taking place. The article went on to mention that “the primary goal of SOX was to fix auditing of U.S. public companies‚ consistent with its full‚ official name: the Public Company Accounting Reform and Investor Protection Act of 2002.” Coates mentioned that auditing within
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support the particular figure or disclosure in the financial statements. A scope limitation is usually imposed by circumstances and sometimes imposed by the reporting entity. In both cases‚ the auditor is prevented from carrying out a particular audit procedure that is considered necessary to obtain evidence that reasonably can be expected to be available. Inherent uncertainties about the outcome of future events do not arise from‚ or give rise to‚ a limitation on the auditor’s work since it
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financial statements are correct or not. B. Auditors must balance the cost of the audit with the need for precision. C. Auditors must limit their exposure to their client to maintain independence. D. The auditor’s relationship with the client is generally adversarial‚ so the auditor will not have access to all of the financial information of the company. 3. The basic purpose of a financial statement audit is to A. Detect fraud. B. Examine individual transactions so that the auditor may
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Acct 4400.002 Case Set 2 Case 2a Questions: 1. Read AU 110 (a) What are management’s responsibilities pertaining to the independent audit? According to the PCAOB Standards‚ section AU 110.03 clearly states that management shall bear responsibility for all issued financial statements‚ the adoption of sound accounting policies‚ and for establishing and maintaining a system of internal controls that will record‚ track and process transactions‚ events and conditions. Management shall also maintain
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1. When Annie Dillard says “I’ll do it in the evenings‚ after skiing‚ or on the way home from the bank…” she is referring to writing‚ and how writing is something that you have to take on completely and make it your whole life. 2. The most climactic event of Dillard’s narrative is when the female moth goes into the flame of the candle and her body is shriveling and crumbling away. She connects it with what she sees in the bathroom because the hollow body of the female moth didn’t crumble and became
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include Lil Wayne and Eminem. These artists make it hard for independent artists to showcase their talent. Loads of upcoming and current artists make it hard for independent artists to have a successful career. Independent artists have a lot of competition to go through to have a successful career. They need talent in music and they need an interest in the music industry. They need to work hard and overcome the obstacles they face. Independent artists today have many obstacles in getting their music
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