ABSTRACT Since the mandate by U.S. Securities and Exchange Commission (SEC) to begin interactive data reporting in June 2009, according XBRL Cloud, an product service provider, more than 4,000 filing errors have been identified. We examine overall changing pattern of understand whether large number may hamper transition reporting. Using a sample 4,532 filings that contain 4,260 errors, we document significant learning curve exhibited filers. Specifically, find per is significantly decreasing...

Purpose The purpose of this paper is to examine whether audit committee members the board prove be better monitors if they are also on compensation committee, as would more attuned related earnings management incentives. Design/methodology/approach uses archival data a sample nonfinancial S&P 500 firms representing 1,032 firm years over period 2003‐2005, and discretionary accruals proxy for financial reporting quality. Findings Firms with overlapping committees have higher quality than...

Abstract: This research examines the relative efficiency of 11 major Chinese ports by using an innovative adopted version Data Envelopment Analysis (DEA). DEA is a non‐parametric approach to weigh inputs/outputs and measure decision‐making units. paper adopts output‐oriented based on financial ratios in which no inputs are utilized. The new model provides rounded judgement port taking into consideration multiple simultaneously combining them single efficiency. mathematical solved for every...

Taurochenodeoxycholic acid (TCDCA), one of the bile acids, is thought to be involved in regulation muscle nutrient metabolism and gut microbial homeostasis. However, effect dietary addition TCDCA on Procambarus clarkii unclear. Therefore, this study, an 8-week feeding experiment was conducted explore potential regulatory mechanisms P. growth, physiology, quality microbes. The results indicated that not only improved growth performance (final weight; weight gain; specific rate) but also...

ABSTRACT While many colleges and universities publicize CPA examination pass rates as evidence of having a high-quality accounting program, some have questioned whether program-specific characteristics are legitimate predictors success. To examine this issue, we empirically investigate the link between faculty performance on examination. We results from nearly 700,000 first-time exam sittings taken during period 2005–2013 find that research teaching specialization has significant impact...

Purpose This paper examines the relationship between accounting outsourcing and audit lag. Accounting may reduce misstatement risk, reducing amount of effort necessary thereby decrease Alternatively, increase coordination auditor, client management outside service provider Design/methodology/approach The outsourcing/audit lag is examined among closed-end mutual funds. These funds often outsource their functions disclose names services provided by any company providing to fund. disclosures...

Abstract Closed‐end fund investors may view assets valued using level 2 and 3 inputs more sceptically because of the subjectivity these (valuation scepticism), or could be viewed favourably they allow small to access illiquid securities (liquidity benefit). We find that funds holding have higher value when trade at a premium, but lower discount. Both effects are magnified for with levels unrealized appreciation. Our results suggest liquidity benefit scepticism) is important premium (discount).

We consider the mathematical transformations used for assets of different valuation complexity in audit fee models.These (such as logs and square roots) relate to non-linear relationship between client size fees.We use closed-end mutual fund audits examine this question because virtually all are reported at fair value.We find that more complexly valued less likely follow traditional log transformation presence these has a stronger with fees is not fully captured by coefficient on logged...

This paper examines whether the presence of a lead independent director improves firm performance and reduces financial misstatements. Using sample Fortune 1000 companies in year 2013, we find that effect directors on hinges CEO –Chair duality. For with CEO-Chair duality, existence is positively associated improved as measured by Tobin's Q. In contrast, do not similar association for separating board chair positions. addition, an between likelihood These results suggest helps improve...

The most economically important trait of the Procambarus clarkii is meat quality. Protein deposition essential in muscle growth and nutritional quality formation. effects potential mechanisms feed protein sources on crustaceans' have not been elucidated. This study established an all-animal source (AP) all-plant group (PP), with a feeding period 8 weeks (four replicates per group, 45 individuals replicate). results demonstrated that deposition, fiber diameter, hardness were significantly...

In this study, we assess whether the liquidity of a closed-end mutual fund's investments (measured based on fair value disclosures) is related to management fee charged by investment advisor. We posit that there will be incremental effort part advisor identify and analyze less liquid investments, fund investors would willing pay for these costs access less-liquid segments market. Consistent with expectation, find significantly positive relationship between percentage level 3 assets (the...

For irregular LDPC codes,the density evolution method can track the messages to find out noise threshold, enabling optimization of degree distribution. A new optimized scheme for codes is proposed in this paper, which combining Zhengya He's modified particle swarm (PSO) algorithm with discrete (DDE) offset BP-based decoding algorithm. Several distribution pairs and corresponding threshold over Rician channel were given using scheme. The performance was also analyzed. Simulation results shows...