scholarly journals Code of ethics for professional accountants and change the external auditor: A study of the emerging markets

2021 ◽  
Vol 18 (3) ◽  
pp. 201-212
Author(s):  
Abdel Razaq Farah Freihat ◽  
Ismail Hamad Al-Shaar ◽  
Ayda Farahn
Keyword(s):  
Code Of Ethics ◽  
Stock Exchange ◽  
Financial Statements ◽  
Manufacturing Firms ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
External Auditors ◽  
Industrial Companies ◽  
Amman Stock Exchange ◽  
External Auditor

To ensure the independence of auditors and the credibility of financial statements, this study investigates if Jordanian manufacturing companies change their external auditors. Moreover, assess if that change is influenced by the International Code of Ethics for Professional Accountants (ICEPA). The study figured out the viewpoints of external auditors and financial managers of public industrial companies listed on the Amman Stock Exchange. Auditor’s changing data is gathered from the annual reports of (59) manufacturing firms from 2006 to 2015. (280) questionnaires were collected from financial managers and auditors of manufacturing firms to assess if auditors comply with ICEPA. The binomial test and the logistic regression analysis were used. The study showed that the change of the external auditor in Jordanian companies is significantly affected by the ICEPA. However, external auditors and financial managers have different views of the effects of the ICEPA on the change of the external auditor in Jordan.

scholarly journals PENGARUH BIAYA AUDIT, AUDIT TENURE DAN ROTASI AKUNTAN PUBLIK TERHADAP PEMILIHAN AUDITOR EKSTERNAL: STUDI EMPIRIS PADA PERUSAHAAN BUMN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Hendi Hendi ◽  
Desiana Desiana
Keyword(s):  
Stock Exchange ◽  
Financial Statements ◽  
Audit Fees ◽  
Annual Reports ◽  
Purposive Sampling ◽  
External Auditors ◽  
External Auditor ◽  
Positive Effect ◽  
Independent Person ◽  
Selection Of

<p><em>The purpose of an audit is to increase the confidence level of the users to the financial statements which are achieved through a statement from an opinion by the auditor. The selection of an external auditor is defined as a process to selecting an independent person who audits the company's financial statements in order to produce a quality independent auditor's report and provides an independent auditor's report that can provide information to stakeholders and company management. This study used 20 state-owned enterprises listed on the Indonesia Stock Exchange, which were selected by purposive sampling method. The selected companies report annual reports during 2013 to 2017. Based on the results of the study, the samples that met the study criteria were 98 samples. The results of this study indicate that audit fees have a significant positive effect on the selection of external auditors while the audit of tenure and rotation of public accountants has no significant effect on the selection of external auditors.</em></p><p><em><br /></em></p><p>Tujuan suatu audit adalah untuk meningkatkan tingkat keyakinan pengguna laporan keuangan yang dicapai melalui pernyataan suatu opini oleh auditor. Pemilihan auditor eksternal diartikan sebagai suatu proses memilih seseorang independen yang mengaudit laporan keuangan perusahaan agar menghasilkan laporan auditor independen yang berkualitas dan menyediakan laporan auditor independen yang dapat memberikan informasi bagi para pemangku kepentingan dan pihak manajemen perusahaan. Penelitian ini menggunakan 20 perusahaan Badan Usaha Milik Negara yang terdaftar di Bursa Efek Indonesia, yang dipilih dengan metode <em>purposive sampling</em>. Perusahaan yang dipilih melaporkan laporan tahunan selama tahun 2013 sampai dengan 2017. Berdasarkan hasil penelitian, sampel yang memenuhi kriteria penelitian adalah 98 sampel. Hasil dari penelitian ini menunjukkan bahwa biaya audit berpengaruh signifikan positif terhadap pemilihan auditor eksternal sedangkan audit <em>tenure</em> dan rotasi akuntan publik tidak berpengaruh signifikan terhadap pemilihan auditor eksternal.  </p>

scholarly journals Financial Leverage on Earnings Management of Quoted Manufacturing Companies in Nigeria

2020 ◽  
pp. 7-21
Author(s):  
Ogiriki Tonye ◽  
Iweias Seth Sokiri
Keyword(s):  
Earnings Management ◽  
Positive Impact ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Ordinary Least Squares ◽  
Manufacturing Firms ◽  
Real Earnings Management ◽  
Manufacturing Companies ◽  
Financial Leverage

This study investigated financial leverage on earnings management in manufacturing firms in Nigeria. A total of twenty-nine (29) listed firms on the Nigeria Stock Exchange (NSE) were studied, and secondary data were extracted from their annual financial statements as reported in the factbook. Ordinary least squares (OLS) method was used to analyze the data. The results revealed that: the management of manufacturing companies in Nigeria employs all the three strategies of earnings management in their companies. The relationships between financial leverage and each of the dependent variables are positive but weak. Financial leverage does not have a significant impact on accruals earnings management in listed manufacturing firms in Nigeria; but it does on real earnings management and deferred tax earnings management; The study concludes that financial leverage has a positive impact on accrual earnings management, while both financial leverage and total leverage has a negative effect on real earning management. The study recommends that users of financial statements should factor in financial leverage in assessing reported earnings by lowering/upping their expectations as to the reliability of the earnings, depending on whether financial leverage is high or low.

scholarly journals PERAN PEMODERASI TRANSPARANSI INFORMASI : PENGHINDARAN PAJAK DAN NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur di Indonesia)

2019 ◽  
Vol 14 (2) ◽  
pp. 407-418
Author(s):  
Andi Kartika ◽  
Sri Sudarsi ◽  
Moch Irsad
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Tax Avoidance ◽  
Financial Statements ◽  
Positive Influence ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Effective Tax Rate ◽  
Tax Rate ◽  
Significant Positive Influence

This study aims to examine and obtain empirical evidence about the effect of tax avoidance on firm value with transparency as a moderating variable in manufacturing companies listed on the Stock Exchange in 2013-2017. The data used is archived data in the form of annual reports and financial statements of manufacturing companies listed on the IDX. The results of this study indicate that tax avoidance as measured by the Effective Tax Rate (ETR) proxy which has a significant positive influence on firm value measured using Tobins' Q ratio and transparency can weaken the moderation between the effect of tax avoidance on firm value

scholarly journals Pengaruh Fraud Hexagon Model Terhadap Fraudulent Laporan Keuangan pada Perusahaan Sub Sektor Makanan dan Minuman yang Terdaftar di BEI Tahun 2016-2019

2021 ◽  
Vol 13 (2) ◽  
pp. 245-259
Author(s):  
Samuel Gevanry Sagala ◽  
Valentine Siagian
Keyword(s):  
Financial Stability ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Financial Statements ◽  
Annual Reports ◽  
Political Connections ◽  
Manufacturing Companies ◽  
Food And Beverage ◽  
Fraudulent Financial Statements

Abstract This study aims to determine the effect of the fraud hexagon model, namely pressure (stimulus) which is proxied by financial targets and financial stability, capabilities that are proxied by changes in directors, opportunities proxied by ineffective monitoring, rationalization proxied by change in auditors, arrogance proxied by frequent number of CEO's picture, and collusion proxied by government projects, political connections and state-owned enterprises to fraudulent financial statements. The sample of this study is the food and beverage sub sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2016-2019. This study uses secondary data, namely financial reports and annual reports. Based on the purposive sampling method, the number of companies sampled in this study was 18 companies from a total of 32 companies registered and analyzed by multiple linear regression analysis using the SPSS 25 program. The results of this study found that the elements of pressure that are proxied by financial targets and financial stability had a significant effect on fraudulent financial statements. Meanwhile, change of directors, ineffective monitoring, change in auditors, frequent number of CEO's pictures, government projects, political connections and state-owned enterprises have no significant effect on fraudulent financial statements in food and beverage sub sector manufacturing companies listed on the IDX in 2016- 2019. Keywords: Fraudulent Financial Statement, and Fraud Hexagon Model

scholarly journals PENGARUH KEBIJAKAN DIVIDEN TERHADAP VOLATILITAS HARGA SAHAM DENGAN INFLASI SEBAGAI VARIABEL MODERASI

2020 ◽  
Vol 2 (2) ◽  
pp. 85-94
Author(s):  
Patricia Maurin Aten ◽  
Dade Nurdiniah
Keyword(s):  
Stock Price ◽  
Sampling Method ◽  
Stock Exchange ◽  
Price Volatility ◽  
Financial Statements ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Dividend Yield ◽  
Stock Price Volatility ◽  
Dividend Payout

This study aims to analyze the effect of dividend payout ratio and dividend yield on stock price volatility with inflation as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange for the period 2013-2017. Documentary data (secondary) from financial statements and annual reports are used in this study. The population of this study includes manufacturing companies listed on the Stock Exchange from 2013-2017 and IPOs at least from 2013. The sampling method used in this study was purposive sampling, of which 44 companies were included in the criteria of this study. The analytical method carried out in this study is multiple regression. The results show that the variable that has a significant influence on stock price volatility is only the dividend payout ratio. The more dynamic the dividend payout ratio, the higher the stock price volatility, and vice versa. Research also shows the results that the inflation variable does not moderate the effect of dividend payout ratio and dividend yield on stock price volatility. Keywords: dividend payout ratio, dividend yield, stock price volatility, inflation

scholarly journals Audit Lag, Tenure, Age, Size, Profitability and Solvent Resistance to Stock Volatility with Public Accountant Reputation as Moderation

2021 ◽  
Vol 20 (1) ◽  
pp. 45
Author(s):  
Niken Savitri Primasari ◽  
Mohammad Ghofirin
Keyword(s):  
Annual Report ◽  
Stock Exchange ◽  
Financial Statements ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Negative Effects ◽  
Stock Volatility ◽  
The Public ◽  
Public Company ◽  
Public Accountant

Accordance with the principle of transparancy of financial statements and annual reports announce by the public company as an important element to avoid the gap time that might causing potentially negative effects information for investors, which thus delayed information phenomenon of the annual report issuer's in year 2019 recorded still reaching 2.4 highest from the year 2018, while the largest increase delayed reporting in the year 2020 for financial performance year end 2019 occurs because of covid-19 pandemic. The research will be conducted on a group of manufacturing companies listed on the Indonesia Stock Exchange with period year 2015 until 2020 and not included in the delisting list until the year 2020. The results obtained audit report lag has significant effect on the stock volatility. Keywords:  Audit Tenure, Lag, Age, Size, Profitability, Solvability, Stock Volatility

scholarly journals Board and auditor interlocks and voluntary disclosure in annual reports

2014 ◽  
Vol 12 (2) ◽  
pp. 135-160 ◽  
Author(s):  
Geert Braam ◽  
Lex Borghans
Keyword(s):  
Voluntary Disclosure ◽  
Information Exchange ◽  
Stock Exchange ◽  
Ordinary Least Squares ◽  
Annual Reports ◽  
Voluntary Disclosures ◽  
Content Type ◽  
External Auditors ◽  
External Auditor ◽  
The Cross

Purpose – The purpose of this study is to explore whether interlock ties between the board of directors and the external auditors facilitate the cross-firm diffusion of voluntary disclosures in annual reports. Design/methodology/approach – Using a sample of 149 non-financial companies publicly listed on the New York Stock Exchange (NYSE) Euronext Amsterdam, we use ordinary least squares (OLS) regression analysis to examine the relationships between the incidence of financial and non-financial voluntary disclosures in the focal firms’ annual reports and the annual reports of other companies to which the firms are related via the interlock ties of its board members and external auditor. Findings – The results show significant associations between financial and non-financial voluntary disclosures in the focal and related firms’ annual reports when there were board interlocks. Differences in the diffusion of specific types of disclosures are found depending on the type of interlocking director. The results also show that interlock ties of the external auditors positively influence the associations with voluntary financial disclosures in the annual reports. Practical implications – We find clear indications that board and auditor interlocks form important sources of inter-organisational information exchange that can drive changes in voluntary disclosure practices in annual reports. The networks of social relationships between firms may play a significant incremental role in the cross-firm diffusion of corporate voluntary disclosure practices, particularly in complex and ambiguous situations. Originality/value – This paper is the first empirical study to investigate how board and external auditor interlock ties are related to the levels of financial and non-financial voluntary disclosures in the focal and related firms’ annual reports.

scholarly journals ANALISIS UKURAN PERUSAHAAN DAN PELUANG INVESTASI DI MASA DEPAN TERHADAP KUALITAS LABA PERUSAHAAN

2020 ◽  
Vol 7 (2) ◽  
pp. 117-125
Author(s):  
R. Aditya Kristamtomo Putra
Keyword(s):  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Financial Statements ◽  
Multiple Linear Regression Analysis ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Investment Opportunity ◽  
Process Data ◽  
Investment Opportunity Set

This research aims to test, analyse and explain the influence of corporate assets and Investment Opportnity Set to profit. The method used in this research is a descriptive method of verifiable with a quantitative approach that is sourced from financial statements and annual reports in various industry sector manufacturing companies listed on the Indonesia Stock Exchange period 2013-2018. Sampling techniques using the purposive sampling method. The Data obtained is analyzed by classical assumption test testing, multiple linear regression analysis and hypotheses test using T test and F test. This research uses SPPS version 25 program to process data. The results showed that the company asset has significant effect on the profit and investment opportunity set has no effect on the quality of profit while simultaneously the company size and investment opportunity set does not affect the quality of profit

scholarly journals PENGARUH PAJAK, EXCHANGE RATE, TUNNELING INCENTIVE, DAN LEVERAGE TERHADAP TRANSFER PRICING

2018 ◽  
Vol 19 (3) ◽  
pp. 90
Author(s):  
Bela Pratiwi
Keyword(s):  
Exchange Rate ◽  
Stock Exchange ◽  
Transfer Pricing ◽  
Sampling Technique ◽  
Financial Statements ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Related Party Transaction ◽  
Industry Sectors ◽  
Positive Effect

This study aims to determine the effect of tax, Exchange rate, tunneling incentive, and leverageto Transfer Pricing. Dependent variable in this study is Transfer Pricing which is proxied withthe value from a related party transaction (RPT) of sale. The independent variables in this studyare tax, Exchange rate, tunneling incentive, and leverage. This study took the secondary datain financial statements or annual reports that have been published by companies in IndonesiaStock Exchange. The population in this study are all the manufacturing companies listed on theIndonesia Stock Exchange in 2012-2016. This study took manufacturing companies listed on theIndonesia Stock Exchange as sample, especially the various industry sectors from years 2012-2016. Sampling technique used in this study was purposive sampling method. The total numberof sample in this study is 35 firm years from seven companies. The analytical method used waslogistic regression analysis using SPSS program version 16. The results of the analysis inthis study indicate that tax, Exchange rate, and tunneling incentive have no significant effect onTransfer Pricing, whereas leverage has a significant positive effect on Transfer Pricing.Keywords: Transfer Pricing, Tax, Exchange rate, Incentive Tunneling, Leverage.

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