Auditor switching, lowballing and conditional conservatism: evidence from selected Asian countries

Purpose This paper aims to investigate the effect of auditor switching and lowballing on conditional conservatism, particularly how different types of auditor switching, namely, upward, downward and lateral switching to/from Big 4 and industry specialists, affect earnings quality in the following selected Asian countries: Indonesia, Malaysia, the Philippines, South Korea and Thailand. Design/methodology/approach Using conditional conservatism as a proxy for earnings quality, this study hypothesises that upward switching from non-Big 4 to Big 4 auditors, or from non-specialist to specialist auditors, would result in high conditional conservatism, while downward switching would lead to low conditional conservatism. The study further tests whether lowballing provides a viable explanation for reduced earnings conservatism in firms that switch from Big 4 to non-Big 4 auditors, or from specialist to non-specialist auditors. Findings The analysis, on a sample of 28,073 firm-year observations from 2007 to 2016, shows that the decision to downgrade auditors leads to lower conditional conservatism in the year of switching, compared with other firms and the pre-switching year. The evidence further shows that, when firms downgrade their auditors, lowballing contributes to a decrease in conditional conservatism in the first year of audit switching. Further, this research finds that switching to specialist auditors will result in increased conditional conservatism, while switching from specialist auditors to non-specialist auditors will result in reduced conditional conservatism. Practical implications The findings of this study are useful to investors who are looking to diversify their investment portfolio in developing markets, as evidence about auditor switching and quality of financial reporting may be an important factor in their investment decisions. Downward auditor switches and lowballing could act as red flags to investors in the sense that these events could signal a decrease in conditional conservatism and, hence, quality of earnings. Originality/value This research offers new evidence to support the view that management decisions to switch to lower-quality auditors will force newly appointed auditors to acquiesce to clients’ demands for reporting low-quality earnings.

Developing Self-Directed Learning Skills for Lifelong Learning

This chapter seeks to provide guidance to learners on what may be for many a new perspective on learning that is different from learning styles developed in 13 years of K-12 education. Strategies such as rote memorization and other passive learning techniques may have been sufficient for K-12 classroom learning, but higher education, workplace, and online learning environments require more active and sophisticated learning strategies. It is the perspective of this chapter that the fundamentally different nature of post-K-12 learning and the constant acceleration of changes in knowledge will force learners to develop a more active and self-directed learning style.

The effect of climate change on future Common Security and Defence Policy missions and operations

Never before in the known history of the world people had such a great impact on climate change as since the beginning of the era of industrialization. Industrial production on a huge, unprecedented scale, apart from its benefits, causes climate change on a global scale through the emission of greenhouse gases into the atmosphere. According to the AR5 IPCC report, it is expected that the ever-increasing CO2 emissions and the lack of action to reduce it will increase the average global temperature from the pre-industrial era by up to 4 degrees Celsius to 2100. Such significant climate change can have catastrophic and irreversible consequences for the inhabitants of our planet. Exhausting sources of drinking water, land that cannot be cultivated and depleting natural resources will force people to fight for what will remain. The emergence of military groups will result in both internal armed conflicts and international tensions caused by mass migration of people from countries with the least vulnerability to the effects of climate change, to highly developed regions such as EU countries. Climate change in the context of security is multidimensional and affects almost every sector. EU countries will be forced to counteract the effects of climate change not only through agreements or declarations within the UN, but also by involving their own forces and resources in CSDP missions and operations. The current activities under CSDP will be intensified as well as diversified by implementing support for technological adaptation to new climate conditions in undeveloped countries.

Harmonising public sector accounting laws and regulations of the European Union member states: powers and competences

This paper analyses the powers and competences of the EU to standardise public sector accounting of the member states and to take other EU action in the field of public sector accounting. We argue that public sector accounting forms part of the administrative organisation of the member states that is not a core EU competence. EU initiatives such as the European Public Sector Accounting Standards project, which aim to increase transparency and comparability, therefore need to follow the rules set out for administrative matters in general. The study reveals on the one hand that EU actions are essentially limited to voluntary cooperation and influences of other policy areas. But on the other hand, it shows that they do not need to be limited to the initiatives currently driven by Eurostat. Points for practitioners The future of the European Public Sector Accounting Standards project is uncertain. However, it is very unlikely that it will take the shape of a top-down set of readymade EU accounting standards that will force public administrations to adjust their inner workings. Public sector accounting is not (yet) a (typical) European policy, but simply a national one that the EU can support. The EU initiative can be considered as an opportunity for collaboration and knowledge sharing on how to increase transparency of public sector accounting.

Teknik Uji Penetrasi Web Server Menggunakan SQL Injection dengan SQLmap di Kalilinux

<p><em>In recent years cases of cyber attacks that lead to website security have increased. The most widely used website hacking threat is sql injection. By using the sqlmap tool that runs on the Kalilinux operating system, attackers can easily take over very important user authentication data with their passwords. Attackers only use a special SQL query script using the python programming language will force the web server to output database information, tables, columns and data contents. This sql injection technique is not difficult, knowing how sql injection works is expected to be useful for web admins and web application developers to be able to secure user access from attackers. This attack simulation uses a virtual machine, by creating two virtual computers that are scripted as the attacker and the target server. By testing through this simulation, we can find out how the attack process and the consequences of attacks carried out by attackers.</em></p>

How 4Ms Age-Friendly Care Led to Improved Compliancy of Older Adult Fall Screenings in Rural Primary Care Clinics

Past medical history of falls and fear of falling are reliable indicators of future fall risk of an older adult (OA). As one of the HRSA funded Geriatric Workforce Enhancement recipients, the AR Geriatric Education Collaborative (AGEC) worked with a rural federally qualified healthcare clinic system to help incorporate fall screens to satisfy the Mobility factor in the 4Ms age-friendly care framework. After consultation with the practitioners, it was decided to use the Timed-Up-And-Go (TUAG) screen because it is evidence-based and appropriate for OAs. Training on the use of the TUAG was completed next as was the addition of the screen into the EMR. Fall screens in one clinic were only completed 7% before training and 7 months after the training, this rose to almost 100%. In a second clinic, the screens were completed 22% of the time and this was increased to 66% after training. Training on mobility continues to occur on a regular basis as staff turns over and as new priorities arise, but the use of the TUAG as a mobility screen has been a critical component in the process of these rural clinics providing age-friendly care. Next steps with improving fall risks will be the development of flags within the EMR that will force practitioners to complete a full falls plan of care if the OA scored within the moderate or high fall risk categories. The plan will include home safety education and/or evaluation, PT or OT referrals to further support healthy aging for the OA.

Arduino-based night return mechanism for passive solar trackers

<p>Solar trackers are support platforms that keep photovoltaic panels facing the sun by following the sun from dusk to dawn. There exist active solar trackers that make use of motors and gears to orientate the photovoltaic panels towards the sun; and passive solar trackers that operate through the differential heating of the fluid in the tracking rack to follow the sun. Passive solar trackers suffer from the lack of a night return mechanism and a slow wake-up response in the mornings due to the limitations on the surface inclination angle of the rack. This paper seeks to address these issues by proposing an Arduino-based night return mechanism for passive solar trackers. An energy-saving heating element such as the ultra heating fabric manufactured by WireKinetics Co. is installed on the west-side canister of the tracker. Before dawn, the fabric is automatically heated and this will force the refrigerant in the west-side canister to vaporize and cool in the east- side canister, forcing the tracker to return and face eastward before sunrise. The night return mechanism is designed and simulated using Proteus profesional. Simulation results show that this system can significantly optimize the function of passive solar trackers.</p>

Second Life of Post-Mining Infrastructure in Light of the Circular Economy and Sustainable Development—Recent Advances and Perspectives

Current EU policy will force a significant reduction of hard coal mines in the near future due to environmental restrictions. There are also numerous non-coal underground mines that will be excavated in the next few years. Taking the above into consideration, it is worth starting to plan further steps in terms of reclamation of these facilities. Within this manuscript, both recently used and novel approaches to underground space reclamation have been reviewed. Selected methods of reclamation were analyzed in terms of their strengths and weaknesses, and the results were compared with the effect of a commonly used approaches (i.e., filling or flooding of underground space after mine termination). The analysis has been performed in the scope of sustainable development. Taking into account the opinion of many stakeholder groups and underground facilities, reuse was considered as an action aimed at fulfilling sustainable development goals and the circular economy concept. Based on numerous surveys, the challenges and opportunities have been determined as well. Finally, most perspectives concerning underground mine reclamation, including environmental impact, social acceptance, and profitability have been proposed and described.

Driver Perceptions on Taxi-sharing and Dynamic Pricing in Taxi Services: Evidence from Athens, Greece.

The taxi industry has changed dramatically during the last decade, as ride-sourcing applications, ride-sharing and alternative pricing schemes have emerged, either as complementing or competitive services and strategies. After some years of familiarity with such trends, it is interesting to explore where the taxi industry stands with respect to possible service innovations. This paper explores behavioral patterns of drivers, focusing on issues such as their preferred way of conducting business, and their views on introducing taxi-sharing and dynamic pricing. Data collected from a face-to-face questionnaire survey in Athens, Greece are exploited, and appropriate econometric models are developed for the purposes of the study. The analysis shows that young and/or educated drivers, as well as those who are familiar with new technologies are more willing to accept innovations in taxi services. Results from a stated choice experiment show that on average 3.5 euros is the extra charge that the taxi market would accept to offer a taxi-sharing service. However, results reveal that the value of taxi-sharing varies across different groups of drivers. Overall, findings indicate that in the years to come, competition by other services, (e.g. ridesharing) will force the taxi industry to adopt new models of operation and pricing.

Myanmar opposition cannot defeat regime militarily

Significance The NUG announced the formation of a People’s Defence Force (PDF) in May. It urges PDF combatants and ethnic armed organisations (EAOs) embroiled in long-running conflicts with the military to attack targets linked to the regime. Impacts The NUG will continue to press for international recognition. Military-imposed restrictions on telecoms and opposition attacks on related infrastructure will further damage the business environment. Panic buying among ordinary citizens will force up the price of household goods and worsen food insecurity.