***SO SORRY I ACCIDENTLY POSTED TWICE, I TRIED TO CANCEL, BUT IT WOULD NOT ALLOW
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Question
***SO SORRY I ACCIDENTLY POSTED TWICE, I TRIED TO CANCEL, BUT IT WOULD NOT ALLOW ME TOO.***
I ONLY NEED THIS ANSWEREED ONE TIME. THANK YOU!
After reading the article please share your findings on how improvements in corporate governance affect financial reporting? Also should CPAs take corporate governance in account, while auditing companies?
David B. Farber (2005) Restoring Trust after Fraud: Does Corporate Governance Matter?. The Accounting Review: April 2005, Vol. 80, No. 2, pp. 539-561. Retrieved from http://web.a.ebscohost.com.csuglobal.idm.oclc.org/ehost/detail/detail?sid=62c7048a-21c2-4a4b-abeb-a528eb8464c8%40sessionmgr4004&vid=0&hid=4101&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=bth&AN=16778849
Explanation / Answer
Q ) How improvements in corporate governance affect financial reporting? Also should CPAs take corporate governance in account, while auditing companies?
A ) From the article : Restoring Trust after Fraud
Summary of the article :
Accounting research paves way to find the affects of the corporate governance on financial reporting.This is done by regression discontinuity to analyze the patterns of threshold events that are related to shareholders proposals.We try to examine the quality of the financial reports on the shareholders proposals.These proposals pass if they have a 50.1% votes and the changes in corporate governance ( for treatment firms ) are implemented as per the proposals.The empirical strategy provides a solution to the endogenity problem.
Corporate Governance :
Defintiion : This explains the nature of relationships of networks between Company's Management and its Shareholders, Stakeholders.This ensures fair rate of return on investments to its shareholders.
4 Core values of Corporate Governance :
Improvements for Corporate Governance ( C G ):
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