We aim to investigate the impact of mandatory key audit matters (KAMs) disclosure on audit report lag (ARL). Additionally, we examine the potential moderat
Non‐profit organizations account for a significant share of the U.S. national economy. Some recent scandals and governance failures in non‐profits have led to increased scrutiny of non‐profits, including new...
Michael Goh Seng Kim has been appointed by the Company to act as a non-executive director under a service agreement dated 30thDecember 2022. His appointment commenced on 1stJanuary 2023 and is terminable on six months' written notice on either side. He is entitled to a fee of£12,000 pe...
We investigate the determinants of key audit matters (KAMs) in the auditor’s report. In particular, we examine the impact of overlapped audit committee (AC) directors on the quantity of KAMs disclosure. We also examine the consequences of KAMs disclosure. We test to see if the quantity of ...
When I was a very young practitioner, we had to attach receipts for every item of expenditure to our expense report. But while that might minimize expense fraud, the cost of AP time was more than the risk. So most if not all organizations have raised the threshold at which you need to...
BOLEAD The presence of supervisory board members with leadership backgrounds A dummy variable coded 1 if one or more members of the supervisory board are classified as politicians, heads of non-profit organizations, or other significant public positions, and 0 otherwise BOACAD The presence of superv...
We investigate whether key audit matter (KAM) paragraphs disclosed in extended audit reports—paragraphs in which the auditor highlights significant r
There are 11,895 nonfinancial firms Descriptive statistics Table 2 presents the descriptive statistics for the audit report lag and the likelihood of a restatement variables. The mean and median audit report lag are 56.812 and 57 days, respectively. The mean and median REST (REST_CORE) are ...
The Institute of Internal Auditors (IIA) announced that it has appointed former Global Board Chair J. Michael Peppers as its new representative to the Committee of Sponsoring Organizations of the Treadway Commission (COSO) Board of Directors. Peppers has over three decades of experience in the prof...
Healthcare organizations undoubtedly felt a sense of relief as 2022 faded in the distance, taking with it a devastating financial performance that resulted in negative profit margins for more than half of U.S. hospitals – theworst year hospitals have facedsince the start of the pandemic, accordi...