The Effect of Voluntary Disclosure of the Schedule of Manufacturing Cost on Audit Report Lag

2021 ◽  
Vol 26 (4) ◽  
pp. 135-166
Author(s):  
Hyun－Min Oh ◽  
Sam－Bock Park
Keyword(s):  
Voluntary Disclosure ◽  
Manufacturing Cost ◽  
Audit Report

scholarly journals Effects Of Voluntary Disclosure Of The Schedule Of Manufacturing Cost On Analysts’ Earnings Forecasts: Evidence From Korea

2017 ◽  
Vol 33 (3) ◽  
pp. 623-636
Author(s):  
Hyunmin Oh ◽  
Sambock Park ◽  
Heungjoo Jeon
Keyword(s):  
Capital Market ◽  
Voluntary Disclosure ◽  
Earnings Forecasts ◽  
Manufacturing Cost ◽  
Positive Direction ◽  
Negative Direction ◽  
Supervisory Authority ◽  
Set Up ◽  
The Relationship ◽  
The Capital Market

We provide the effects of voluntary disclosure of the schedule of manufacturing cost on analysts’ earnings forecasts. We set up and analyze the disclosure of the schedule of manufacturing cost as a proxy for voluntary disclosure. Specifically, we examine the associations between voluntary disclosure of it and the accuracy of analysts’ earnings forecasts and bias in earnings forecasts. The results of our study are as follows. First, the relationship between voluntary disclosure of the schedule of manufacturing cost and the accuracy of analysts’ earnings forecasts is significant in the positive (+) direction. This means that the accuracy of analysts’ earnings forecasts is higher in the case of the firms that voluntarily disclosed the schedule of manufacturing cost, as compared to other firms. Second, the relationship between voluntary disclosure of the schedule of manufacturing cost and analysts’ bias in earnings forecasts is significant in the negative (-) direction. This means that analysts underestimate earnings in the case of the firms that voluntarily disclose the schedule of manufacturing cost, as compared to other firms. Since the schedule of manufacturing cost is still an interesting item and useful information in the capital market, the results of our study provide important implications not only to managers, but also to investors and supervisory authority. Limitations of our study include the fact that not all diverse variables that affect voluntary disclosure and analysts’ forecasts are considered. 

scholarly journals The Effect of Voluntary Disclosure of the Schedule of Manufacturing Cost on Cost of Debt

2013 ◽  
Vol null (37) ◽  
pp. 25-43
Author(s):  
Bae,Byung-Han ◽  
이란 ◽  
노용성 ◽  
신지현 ◽  
한은정 ◽  
...  
Keyword(s):  
Voluntary Disclosure ◽  
Cost Of Debt ◽  
Manufacturing Cost

Who Really Performs the Audit? Examining the Effects of Voluntary Disclosure of the Use of Other Auditors on Investors' Perceptions of Audit Quality

2020 ◽  
Vol 39 (1) ◽  
pp. 1-19
Author(s):  
Kristina C. Demek ◽  
Steven E. Kaplan ◽  
Amanda Winn
Keyword(s):  
Voluntary Disclosure ◽  
Audit Quality ◽  
Mandatory Disclosure ◽  
Audit Report ◽  
Joint Effects ◽  
The Public ◽  
Public Company

SUMMARY Under Rule 29, the Public Company Accounting Oversight Board (PCAOB) requires principal auditors to disclose the extent of use of other auditors on an audit engagement. This mandatory disclosure occurs on Form AP, available on the PCAOB's website. Principal auditors may voluntarily disclose this same information in an appendix to the audit report. We experimentally examine how the joint effects of the principal auditor's extent of use of other auditors and their use of voluntary disclosure influence investors' perceptions of audit quality. Results indicate that investors perceive audit quality to be lowest when principal auditors use other auditors to a greater extent and only file the mandatory disclosure. We find voluntary disclosure in the audit report attenuates the perceived effect of using other auditors. Additionally, after a restatement, investors place no additional blame or liability on principal auditors that use other auditors to a greater extent or choose voluntary disclosure.

Determinant of Audit Report Lag Among Mining Companies in Indonesia

2019 ◽  
Vol 15 (1) ◽  
pp. 68
Author(s):  
Sari Angriany Natonis ◽  
Bambang Tjahjadi
Keyword(s):  
Stock Exchange ◽  
Sampling Technique ◽  
Annual Reports ◽  
Fiscal Year ◽  
Company Size ◽  
Audit Report ◽  
Public Accounting ◽  
Audit Opinion ◽  
Accounting Firm ◽  
Mining Companies

Time period in completing the audit work until the date of publishing audit report is called audit report lag. BAPEPAM requires each of going-public companies to publish their annual reports not later than three months after the fiscal year ends. The aim of this research was to determine the effect of profitability, solvency, company size, audit opinion, and size of public accounting firm on audit report lag at mining companies listed on Indonesia Stock Exchange during the period of 2013-2017. As many as 12 samples were obtained through purposive sampling technique. The data analysis technique used was the multiple regression analysis. The results showed that the profitability and company size negatively affected the audit report lag, while the other variables, such as solvency, audit opinion, and size of public accounting firm, had no significant effect on the audit report. The result of simultaneous test showed that all independent variables influenced audit report lag with 32.8% of determination coefficient.

Possible examinations of stone machining focused on the relationship between technological parameters and surface quality

2013 ◽  
Vol 4 (1) ◽  
pp. 63-68 ◽  
Author(s):  
Zs. Kun ◽  
I. G. Gyurika
Keyword(s):  
Surface Roughness ◽  
Metal Cutting ◽  
Cutting Speed ◽  
Theoretical Background ◽  
Motion Path ◽  
Depth Of Cut ◽  
Manufacturing Cost ◽  
Technological Parameters ◽  
The Relationship ◽  
Manufacturing Time

Abstract The stone products with different sizes, geometries and materials — like machine tool's bench, measuring machine's board or sculptures, floor tiles — can be produced automatically while the manufacturing engineer uses objective function similar to metal cutting. This function can minimise the manufacturing time or the manufacturing cost, in other cases it can maximise of the tool's life. To use several functions, manufacturing engineers need an overall theoretical background knowledge, which can give useful information about the choosing of technological parameters (e.g. feed rate, depth of cut, or cutting speed), the choosing of applicable tools or especially the choosing of the optimum motion path. A similarly important customer's requirement is the appropriate surface roughness of the machined (cut, sawn or milled) stone product. This paper's first part is about a five-month-long literature review, which summarizes in short the studies (researches and results) considered the most important by the authors. These works are about the investigation of the surface roughness of stone products in stone machining. In the second part of this paper the authors try to determine research possibilities and trends, which can help to specify the relation between the surface roughness and technological parameters. Most of the suggestions of this paper are about stone milling, which is the least investigated machining method in the world.

A Research on the Relation between Voluntary Disclosure Leveland Downward Cost Behavio

2020 ◽  
Vol 29 (3) ◽  
pp. 1-26
Author(s):  
Hyunuk Jung ◽  
Miyoung Lee
Keyword(s):  
Voluntary Disclosure

What Determines the Voluntary Disclosure of CEO Succession Planning?

2020 ◽  
Vol 45 (5) ◽  
pp. 115-159
Author(s):  
Min Kwan Ahn ◽  
Jeong Hwan Joo
Keyword(s):  
Succession Planning ◽  
Voluntary Disclosure ◽  
Ceo Succession
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