Corporate governance in Japan in the 1930s and its impact on financial reporting practice

A very significant change to the accounting profession occurred in 2002 when the Sarbanes-Oxley Act of 2002 (SOX) was enacted. This legislation had a significant impact on corporations and their audit firms. The objective was to improve corporate governance and its quality of financial reporting to improve investor confidence. This paper provides instructors with a background on SOX and suggests readings and activities that reflect the requirements of SOX as it relates to the AIS environment and the analysis of internal controls. These activities can strengthen students' understandings of how corporations respond to the various reporting requirements of this Act.

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Corporate Governance and Stock Prices of Japanese Firms Adopting International Financial Reporting Standards: Early Evidence

SSRN Electronic Journal ◽

10.2139/ssrn.2538622 ◽

2015 ◽

Author(s):

Fumiko Takeda ◽

Takeshi Watanabe

Keyword(s):

Corporate Governance ◽

Financial Reporting ◽

Stock Prices ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

Financial Reporting Standards ◽

Japanese Firms ◽

Early Evidence

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Summarizing Articles about Corporate Governance and International Financial Reporting Standards

SSRN Electronic Journal ◽

10.2139/ssrn.3314809 ◽

2019 ◽

Cited By ~ 1

Author(s):

Khulood Alsaffar

Keyword(s):

Corporate Governance ◽

Financial Reporting ◽

International Financial Reporting Standards ◽

Reporting Standards ◽

Financial Reporting Standards

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THE STOCKHOLDER REVIEW COMMITTEE OF THE CHESAPEAKE AND OHIO CANAL COMPANY, 1828–1857: EVIDENCE OF CHANGES IN FINANCIAL REPORTING AND CORPORATE GOVERNANCE

Accounting Historians Journal ◽

10.2308/0148-4184.33.1.125 ◽

2006 ◽

Vol 33 (1) ◽

pp. 125-143 ◽

Cited By ~ 3

Author(s):

Robert W. Russ ◽

Gary J. Previts ◽

Edward N. Coffman

Keyword(s):

Corporate Governance ◽

19Th Century ◽

Financial Reporting ◽

Financial Management ◽

Governance Structure ◽

The Political ◽

Review Committee ◽

Corporate Governance Structure ◽

Corporate Form ◽

The 19Th Century

Canal companies were among the first enterprises to be organized in the corporate form and to require large amounts of capital. This paper examines the stockholder review committee of a 19th century corporation, the Chesapeake and Ohio Canal Company (C&O), and discusses how the C&O used this corporate governance structure to monitor and improve financial management and operations. A major strength was the concern and dedication of the stockholders to the company, while a major weakness was the political control exerted by the State of Maryland. The paper provides an historical perspective on corporate governance in the 19th century. This research contributes to the literature by providing detailed workings and practices of a stockholder review committee. The paper documents corporate governance efforts in archival sources that provide an early example of accountability required in a corporate charter and the manner in which the stockholders carried out this responsibility.

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Bookkeeper-Controller-CFO: The Rise of the Chief Financial and Chief Accounting Officer

Accounting Historians Journal ◽

10.2308/aahj-52538 ◽

2019 ◽

Vol 46 (2) ◽

pp. 1-8 ◽

Cited By ~ 1

Author(s):

Michael Doron ◽

C. Richard Baker ◽

Kiren Dosanjh Zucker

Keyword(s):

Corporate Governance ◽

Corporate Finance ◽

20Th Century ◽

Financial Reporting ◽

Legal Liability ◽

Senior Management ◽

Chief Financial Officers ◽

Management Positions ◽

The Impact

ABSTRACT This paper traces the evolution of the chief accounting and chief financial officers from minor figures in corporate governance for most of the 20th century to senior management positions by the late 1970s. The paper begins with the testimony before Congress of Arthur Tucker during the debates over the legislation that would become the 1933 Securities Act. Tucker's testimony resulted in the controller or chief accounting officer being included among those persons specifically listed as potentially liable for fraudulent statements or omissions under Section 11 of the Act. The impact of Tucker's efforts, the evolution of the legal liability of financial and accounting officers over the next several decades, the increasing complexity of corporate finance and financial reporting that led to the establishment of the CFO as a position second only to the CEO, and the place of the accounting officer among senior management, are analyzed in the subsequent sections.

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Contemporary issues in financial reporting, auditing and corporate governance

10.32890/9789670474564 ◽

2013 ◽

Author(s):

Noor Afza Amran

Keyword(s):

Corporate Governance ◽

Financial Reporting ◽

Ethnic Diversity ◽

Good Governance ◽

Internal Auditors ◽

Corporate Managers ◽

Auditor Choice ◽

External Auditors ◽

Expectation Gap ◽

Corporate Social

Contemporary Issues in Financial Reporting, Auditing and Corporate Governance offers theoretical and empirical background on three fundamental areas of accounting, namely financial reporting, auditing and corporate governance.This book is written in a clear and reader-friendly manner to create readers interest in the central issues of discussion. The uniqueness of this book is in its extensive coverage of national and internationally-oriented issues of financial reporting, auditing and corporate governance. This book is ideal for accounting and business related courses at upper undergraduate and post-graduate levels. With its broad coverage, the book should also be of interest to academicians, professionals, corporate managers, regulatory bodies and researchers.The articles written in this book are: Corporate Social Responsibility and Post-Crisis StrategyEmployee Stock Options Popularity of Financial Ratios in the Annual ReportsThe Relationship between Pension Funds and Dividend PayoutDoes Audit Firm Merger Add Value to Its Clients? Co-operation between Internal and External Auditors: From the Perspective of Internal Auditors in Malaysian Local Authorities Auditor Choice: Events and TheoriesThe Global Audit Expectation Gap: Within and between Muslim CountriesOwnership Holdings: Selected Malaysian Family Businesses Ethnic Diversity in Malaysian Initial Public OfferingsCEO Succession in Malaysian PLCs: Does Firm Characteristic Make a Difference?A Framework of Good Governance: Lessons for the Inland Revenue Board Malaysia.

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