scholarly journals The Impact of Sarbanes Oxley 404 Exemption on; Non-accelerated filers, Investor’s Confidence And External Audit Fees

2016 ◽  
Vol 6 (1) ◽  
pp. 20
Author(s):  
Osama Omar Jaara ◽  
Maen Reda Oweis
Keyword(s):  
Correlation Analysis ◽  
Audit Fees ◽  
Internal Controls ◽  
Share Price ◽  
Negative Effects ◽  
External Audit ◽  
Sarbanes Oxley ◽  
Financial Restatements ◽  
Negative Effect ◽  
The Impact

This study adds on prior studies that have examined SOX 404 effect on external audit fees, internal controls and financial restatements. The paper examined the outcomes of Dodd–Frank Act that have exempted non-accelerated filers from SOX 404 (B). Where through this paper it has been assumed that this Act has decreased SOX 404 compliance costs on non-accelerated filers, and it also suggested that this Act did not have any negative effects on the effectiveness of the internal controls forthese companies.   After performing a correlation analysis on this assumption the results turned out to be consistent with what was previously assumed. Where the correlation results indicated that external audit fees for non-accelerated filers had declined, and the internal controls deficiencies count showed a constant declining trend. The paper examined also the extent to which investor’s confidence has been enhanced through the implementation of SOX 404. The assumption that was assumed in this paper was that; when a restatement is announced the amount of demand on that company’s share will decline resulting in a decrease in the share price. The results of the correlation analysis that was performed on this assumption showed that after implementing SOX 404 the financial restatements announcements stopped to have the same negative effect on share prices, in relation to the before implementation period. The finding that led to the conclusion that SOX 404 has successfully enhanced investors’ confidence.

Impact of the Global Financial Crisis on IT Sector. The Case of Greece

2022 ◽  
Vol 9 (1) ◽  
pp. 0-0
Keyword(s):  
Global Financial Crisis ◽  
Extended Period ◽  
Early Years ◽  
Negative Consequences ◽  
Negative Effects ◽  
Innovation Development ◽  
Negative Effect ◽  
Greek Economy ◽  
The Global Financial Crisis ◽  
The Impact

The impact of the Information and Technology (IT) sector on the countries’ innovation development has been recognized as crucial in prior and recent research studies. Moreover, firms’ innovativeness affects positively countries’ economies. Nevertheless, the global economic crisis of the last decade constituted a significant barrier to the development of country economies and had a negative effect on firms’ performance. Specifically, the negative consequences of the global crisis became harder for Southern Europe Countries. More specifically the Greek economy was suffered by an extended period of crisis with harder consequences than those of other European countries. The main purpose of this study was to examine the financial performance of Greek IT firms in the early years of crisis. Our findings have been relevant to those of previous studies which observed negative effects of the financial recession on firms profitability.

The Impact of Client and Misstatement Characteristics on the Disposition of Proposed Audit Adjustments

2011 ◽  
Vol 30 (2) ◽  
pp. 103-124 ◽  
Author(s):  
Jennifer Joe ◽  
Arnold Wright, and ◽  
Sally Wright
Keyword(s):  
Financial Reporting ◽  
Internal Controls ◽  
Data Availability ◽  
Audit Firm ◽  
Sarbanes Oxley ◽  
Big 4 ◽  
Time Period ◽  
Confidentiality Agreement ◽  
Financial Scandals ◽  
The Impact

SUMMARY We present evidence on the resolution of proposed audit adjustments during a unique time period, immediately following several U.S. financial scandals and surrounding calls for reforms in auditing and financial reporting, which culminated in the passage of the Sarbanes-Oxley Act (SOX). During this period, auditors and their clients faced increased scrutiny from investors and regulators. In addition, auditors had to contend with changed incentives, a new external regulator (i.e., the PCAOB), and upcoming annual PCAOB inspections. We extend prior studies by considering a broader range of factors potentially impacting the resolution of proposed adjustments, including the effect of client tenure, strength of internal controls, and repeat adjustments. Data on 458 proposed adjustments are obtained from the working papers of a sample of 163 audit engagements conducted during 2002 by a Big 4 firm. We find that 24.2 percent of proposed adjustments were subsequently waived. The results indicate audit adjustments are more likely to be waived for clients with whom the audit firm has had a longer relationship, although the pattern does not reflect favoring such clients. We also find that adjustments are more likely to be waived for repeat adjustments. Data Availability: Due to a confidentiality agreement with the participating audit firm the data are proprietary.

Impact of the Menu Labeling Act Upon the Market Value of Foodservice Firms

2020 ◽  
pp. 109634802097101
Author(s):  
Eojina Kim ◽  
Juan Luis Nicolau
Keyword(s):  
Service Industry ◽  
Food Service ◽  
Market Value ◽  
The United States ◽  
Share Price ◽  
Negative Effects ◽  
Menu Labeling ◽  
Positive Effects ◽  
Restaurant Firms ◽  
The Impact

The Menu Labeling Act (MLA), which requires restaurants to provide customers with nutritional information, has encountered implementation difficulties for more than 8 years, owing to the imposition of administrative costs on restaurant firms. By investigating the market value of 46 restaurant firms that publicly trade in the United States, this research analyzes the impact of MLA-related announcements on the market value of foodservice firms. Announcements associated with restrictions tend to reduce restaurant market value by 0.29% per day (market value is defined as the number of shares times the share price), whereas announcements related to flexibility increase such market value by 0.80%. The final guideline and compliance date announced by the Food and Drug Administration has provoked significant negative effects on restaurant market value. Meanwhile, the congress’ proposed opposition act has elicited great positive effects. This study provides important implications for policy makers and practitioners in the food service industry.

scholarly journals The Effect of Pesticides on the Microbiome of Animals

Agriculture ◽  
2020 ◽  
Vol 10 (3) ◽  
pp. 79 ◽  
Author(s):  
Mikhail Y. Syromyatnikov ◽  
Mariya M. Isuwa ◽  
Olga V. Savinkova ◽  
Mariya I. Derevshchikova ◽  
Vasily N. Popov
Keyword(s):  
Intestinal Microbiota ◽  
Mating Success ◽  
Taxonomic Composition ◽  
Scientific Data ◽  
Negative Effects ◽  
Negative Effect ◽  
Bacterial Biodiversity ◽  
Induced Changes ◽  
The Impact ◽  
Impact Of Pesticides

In recent decades an increase in the use of pesticides to protect plants from pests, diseases and weeds has been observed. There are many studies on the effects of various pesticides on non-target organisms. This review aims to analyze and summarize published scientific data on the effects of pesticides on the animal microbiome. Pesticides can affect various parameters of the animal microbiome, such as the taxonomic composition of bacteria, bacterial biodiversity, and bacterial ratios and modify the microbiome of various organisms from insects to mammals. Pesticide induced changes in the microbiome reducing the animal’s immunity. The negative effects of pesticides could pose a global problem for pollinators. Another possible negative effect of pesticides is the impact of pesticides on the intestinal microbiota of bumblebees and bees that increase the body’s sensitivity to pathogenic microflora, which leads to the death of insects. In addition, pesticides can affect vitality, mating success and characteristics of offspring. The review considers methods for correcting of bee microbiome.

The Impact of Internal Controls and Penalties on Fraud

2010 ◽  
Vol 24 (1) ◽  
pp. 1-21 ◽  
Author(s):  
Roberta Ann Barra
Keyword(s):  
Internal Control ◽  
Internal Controls ◽  
Reliability Engineering ◽  
Ceteris Paribus ◽  
Sarbanes Oxley ◽  
Internal Control System ◽  
Analytical Reliability ◽  
Net Assets ◽  
Managerial Employees ◽  
The Impact

ABSTRACT: Little prior research exists on the parameters of internal control activities. The Sarbanes-Oxley Act of 2002 (SOX 2002) makes identifying the properties of these parameters under various conditions important. In this paper, an analytical/reliability engineering methodology is used to investigate the relative impact of penalties versus other types of internal controls on managerial and non-managerial employees’ propensity to commit fraud. Ceteris paribus, increasing required effort with internal controls and/or increasing employee penalties, increases the minimum amount stolen when a fraud incident occurs; that is, more net assets will be taken per fraud incident with controls than without controls. The findings show that the firm’s least-cost scenario with managerial employees is to enforce maximum penalties. The firm’s least-cost scenario with non-managerial employees is to utilize alternative internal controls while imposing minimum penalties. Further, the effectiveness of separation of duties is dependent on the detective controls in the internal control system.

scholarly journals Optimizing the seismic effects of blasting in quarries by timing

2019 ◽  
pp. 48-62
Author(s):  
Ján Baulovič ◽  
Blažej Pandula ◽  
Julián Kondela ◽  
Marta Prekopová
Keyword(s):  
Natural Environment ◽  
Technical Problem ◽  
The Other ◽  
Negative Effects ◽  
Seismic Effects ◽  
Seismic Safety ◽  
Blasting Operation ◽  
Negative Effect ◽  
The Impact ◽  
Positive Effect

Recently, negative effects of the blasting operations and quantification of the seismic safety are regarded as very important technical problem in quarries. The impact of blasting operations is accompanied by both positive and negative seismic effects. For example, vibrations generated by explosion create very positive effect − when help to break the rocks, but, on the other hand, also result in negative effect − when affect constructions and natural environment in the vicinity of a blasting works site. If the vibrations are large enough, then the nearby objects could be damaged or destroyed. This article highlights the results of the blasting operation monitoring in limestone Lopušné Pažite quarry on Slovakia, which based on the rule that the negative effects depend on their range and strength. This method is applied in all quarries in Slovakia, which are close to settlements.

scholarly journals An Examination Of Underreporting Of Time And Premature Signoffs By Internal Auditors

2010 ◽  
Vol 14 (4) ◽  
Author(s):  
Qianhua (Q) Ling ◽  
Michael D. Akers
Keyword(s):  
Internal Audit ◽  
Internal Controls ◽  
Professional Skepticism ◽  
Internal Auditors ◽  
External Auditors ◽  
Considerable Research ◽  
Internal Audit Function ◽  
Sarbanes Oxley ◽  
Audit Team ◽  
The Impact

The passage of the Sarbanes-Oxley Act of 2002 (SOX) heightened the importance of internal controls and accordingly, a key control - the internal audit function.  Consequently, management and external auditors have both increased their reliance on internal auditors’ work.  While there has been considerable research regarding the impact of the underreporting of time and premature sign-offs on the external audit, there has only been one study that has examined the impact of these two items on the internal auditors’ work.  Such research is dated (1994) and prior to the passage of SOX.  We surveyed members of the Institute of Internal Auditors (IIA) in the Midwest to examine their behavior and perceptions regarding these two items.  The respondents in our study believe the underreporting of time is unethical and is supported by their reporting of all time worked, even if such time exceeded the budget.  Our findings also show that the respondents feel premature sign-offs are unethical and result primarily from lack of professional skepticism and inadequate training.  Increasing training in audit areas and improving communications within the audit team are possible solutions to reduce premature sign-offs.  Premature sign-offs are more likely to occur in operational audits and to a lesser degree in financial audits and compliance audits. 

scholarly journals Impact of Protein Diet Supplements on Athletes

2021 ◽  
Vol 6 (2) ◽  
pp. 1-3
Author(s):  
Mohammad Athar
Keyword(s):  
Muscle Growth ◽  
The Body ◽  
Protein Diet ◽  
Negative Effects ◽  
Protein Supplements ◽  
Diet Supplements ◽  
Negative Effect ◽  
The Impact ◽  
Protein Diets ◽  
Day By Day

Protein supplements are one of the most commonly consumed nutritional supplements, whether by professional athletes or amateurs, even by those who use them for aesthetic purposes instead of sporting ones. The thirst for becoming better is increasing day by day and so is the quest for competition. Sports have been one of the greatest of platforms to showcase one’s talent, thus leading to constant hustle for getting better day by day. To improve the performance, diet and physical appearance of the body i.e. muscle growth of athletes, sports nutrient products are developed. The use of these protein supplements in diet has increased the physiological requirement of protein but whether the use of these supplements is having positive or negative effect on the host is still a topic of debate for many. Large amount of protein derived constituents end up in the large intestine in case of high protein diets as compared to medium or low protein diets, leading to more bacterial amino acid metabolism in colon having positive as well as negative effects on the host. We, here, will try to summarize the impact of protein diet supplements on athletes.

scholarly journals Effects of COVID-19-Related School Closures on Student Achievement-A Systematic Review

2021 ◽  
Vol 12 ◽  
Author(s):  
Svenja Hammerstein ◽  
Christoph König ◽  
Thomas Dreisörner ◽  
Andreas Frey
Keyword(s):  
Student Achievement ◽  
Low Socioeconomic Status ◽  
Evidence Based ◽  
Negative Effects ◽  
School Closures ◽  
Low Socioeconomic ◽  
Primary And Secondary Education ◽  
Negative Effect ◽  
The Impact ◽  
Future School

The COVID-19 pandemic led to numerous governments deciding to close schools for several weeks in spring 2020. Empirical evidence on the impact of COVID-19-related school closures on academic achievement is only just emerging. The present work aimed to provide a first systematic overview of evidence-based studies on general and differential effects of COVID-19-related school closures in spring 2020 on student achievement in primary and secondary education. Results indicate a negative effect of school closures on student achievement, specifically in younger students and students from families with low socioeconomic status. Moreover, certain measures can be identified that might mitigate these negative effects. The findings are discussed in the context of their possible consequences for national educational policies when facing future school closures.

scholarly journals Effects of COVID-19-Related School Closures on Student Achievement—A Systematic Review

2021 ◽  
Author(s):  
Svenja Hammerstein ◽  
Christoph König ◽  
Thomas Dreisoerner ◽  
Andreas Frey
Keyword(s):  
Student Achievement ◽  
Low Socioeconomic Status ◽  
Evidence Based ◽  
Negative Effects ◽  
School Closures ◽  
Low Socioeconomic ◽  
Negative Effect ◽  
K 12 ◽  
The Impact ◽  
Future School

The COVID-19 pandemic led to numerous governments deciding to close schools for several weeks in spring 2020. Empirical evidence on the impact of COVID-19-related school closures on academic achievement is only just emerging in the literature. The present work aimed to provide a first systematic overview of evidence-based studies on general and differential effects of COVID-19-related school closures in spring 2020 on student achievement in K–12. The findings indicate a considerably negative effect of school closures on student achievement specifically in younger students and students from families with low socioeconomic status. At the same time, certain measures can be identified that might mitigate these negative effects. The findings are discussed in the context of their possible consequences for future national educational policies when facing future school closures.

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