Reaching key financial reporting decisions : how directors and auditors interact / Vivien Beattie, Stella Fearnley, Tony Hines.

Format:

Book

Author/Creator:

Beattie, Vivien A.

Contributor:

Fearnley, Stella.

Hines, Tony.

Language:

English

Subjects (All):

Financial statements--Great Britain.

Financial statements.

Corporate governance--Great Britain.

Corporate governance.

Physical Description:

1 online resource (386 p.)

Edition:

1st edition

Place of Publication:

Chichester, West Sussex, United Kingdom : John Wiley & Sons, 2011.

Language Note:

English

System Details:

text file

Summary:

The regulatory framework for financial reporting, auditing and governance has changed radically in recent years, as a result of problems identified from the Enron scandal and more recently from the drive to implement global standards. In a key regulatory change, a company audit committee is now expected to play a significant role in agreeing the contents of the financial statements and overseeing the activities of the auditors. Finance Directors, Audit Committee Chairs and Audit Engagement Partners are required to discuss and negotiate financial reporting and auditing issues, a significant

Contents:

Reaching Key Financial Reporting Decisions : How Directors and Auditors Interact; Contents; List of Figures; List of Tables; Foreword; Preface; Acknowledgements; Abbreviations; PART I THE BACKGROUND; 1 Introduction and Background; 1.1 What This Book is About; 1.2 Recent Regulatory Changes; 1.3 Contribution of This Book in the 2010/2011 Regulatory Environment; 1.4 Research Approach; 1.5 Outline of Book; 1.6 Key Findings and Conclusions; 2 Review of Relevant Literature; 2.1 Overview; 2.2 Regulation; 2.2.1 Regulation Theory; 2.2.2 Regulatory Policy and Structures

2.2.3 International Standards on Auditing (ISAs)2.2.4 Ethical Standards for Auditors; 2.3 IFRS; 2.3.1 Rules versus Principles Debate; 2.3.2 Complexity Debate; 2.3.3 New Business Reporting Models; 2.4 Audit Quality; 2.4.1 Definition of Audit Quality; 2.4.2 Audit Quality Research; 2.4.3 Non-Audit Services; 2.4.4 Auditor Tenure; 2.4.5 Individual Audit Partner Effects; 2.4.6 Survey Research; 2.5 Enforcement; 2.5.1 The FRRP; 2.5.2 Audit Firm Review and Inspection; 2.6 Corporate Governance and the Role of the Audit Committee; 2.6.1 General Evolution of Audit Committees

2.6.2 The UK Corporate Governance System 2.7 Interactions and Negotiation in Non-Audit Settings; 2.7.1 Theory; 2.7.2 Empirical Studies; 2.8 Interactions and Negotiation in Audit Settings; 2.8.1 The Audit Setting; 2.8.2 Archival Studies Using Public Data; 2.8.3 Experimental Studies; 2.8.4 Questionnaire Studies; 2.8.5 Interview Studies; 2.8.6 Link Between Audit Committee and Financial Reporting Quality; 3 The Survey; 3.1 Overview; 3.2 Methods; 3.3 Findings; 3.3.1 Background Characteristics of the Companies; 3.3.2 Audit Committees Characteristics; 3.4 Interaction Issues

3.5 Financial Statement Changes 3.6 Summary; PART II THE CASE STUDIES; 4 Case Studies; 4.1 Introduction to the Case Studies; 4.2 How the Case Companies were Selected and Approached; 4.3 Broad Approach to the Grounded Theory Analysis; 4.4 Writing Up Each Case (Matched Set of Interviews) -The Stories; 4.5 Preliminary Within-Case Analysis: Attaching Labels to the Key Categories; 4.5.1 Labeling the Concepts Described in the Stories; 4.5.2 Preliminary Analysis of Context; 4.5.3 The Interactions; 4.5.4 The Outcomes; 4.6 Within-case Analysis; 4.7 Tabular Summary of Cases; 5 Case 1-Sandpiper plc

5.1 Background to the Case 5.2 Corporate Governance; 5.2.1 Attendees at the Audit Committee; 5.2.2 Cycle of Meetings; 5.2.3 The Chairman's Management of the Audit Committee and Key Relationships; 5.2.4 The Nature of the Relationship; 5.2.5 Satisfaction with Auditors and Partner Changes; 5.3 Key Interactions Between Stuart, Duncan and Patrick; 5.3.1 Audit Fees; 5.3.2 The Accounting Treatment of Costs Associated with a Major Change in the Company's Computer System; 5.3.3 Re-Organization Costs; 5.3.4 Inventory Provisions; 5.3.5 Dividends from Subsidiaries; 5.3.6 Pension Liabilities

5.4 Contextual Factors and Analysis of the Interactions

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786613405470

9781119973751

1119973759

9781119973775

1119973775

9781283405478

1283405474

9781119993292

1119993296

OCLC:

731512543