Purpose The aim of this paper is to examine empirically the managerial earnings management practices financially distressed firms, and consider whether these changed during recent global financial crisis. Although corporate distress has been a topic research interest for many years, manipulation by firms received relatively little attention. Design/methodology/approach uses three measures distress, discretionary accruals, popular proxy management, investigate impact on management. Findings...

The impact of the adoption International Financial Reporting Standards (IFRS) on accounts and quality earnings New Zealand firms is examined. Our analysis IFRS adjustments for last period under pre‐IFRS NZ Generally Accepted Accounting Principles (GAAP) reveals that total assets, liabilities net profit were significantly higher than GAAP. Profit equity increased by goodwill other intangibles investment property, decreased employee benefits share‐based payments. Using data 2002–2009, we find...

Abstract: Conflicting evidence on weak form efficiency of the Dhaka Stock Market appears to stem from use monthly versus daily data, structural changes after 1996 market crash, and tests with or without heteroscedasticity adjustment. Heteroscedasticity‐robust indicate short‐term predictability share prices prior but not afterwards. Although a heteroscedasticity‐robust Box‐Pierce test was used by Lo MacKinlay (1989) in their simulations, our study be first apply this stock prices. Typical...

Purpose Bangladesh is an emerging economy and international audit firms operate there through affiliated local firms. The market can be characterized as intensely competitive small with relatively poor demand for high‐audit quality. In addition, has a under developed but growing capital that by corporate regulation weak investor protection. purpose of this paper to examine the association between Big 4 auditors accruals quality in Bangladesh. Design/methodology/approach Following prior...

Purpose This paper aims to provide preliminary evidence on the determinants of non‐audit service provision and whether such services impairs auditors' independence in context Bangladesh. Design/methodology/approach Both univariate multivariate regression methodologies are used test hypotheses. Signaling theory is auditors from a non‐litigious environment concerned about signaling their quality market by constraining clients' earnings management behavior. Findings Results show that larger...

Intellectual capital (IC) is considered as a key resource in business. However, it difficult to measure and compare across firms due its intangible nature. The Value Added Coefficient (VAIC) model proposed by Pulic (1998; 2000) might be used overcome these issues. purpose of this study apply the VAIC investigate impact IC on market performance among R&D engaging firms. sample for comprises multinational listed United States (U.S.) stock exchanges which engaged activity during period...

This research investigates whether auditor competition is associated with low audit fees and a country's implementation of mandatory firm rotation requirements as well strong auditing reporting standards weaken the negative effect on fees. Using 41,811 firm‐year observations from 10 emerging markets—specifically China, India, Malaysia, Pakistan, Philippines, Poland, Russia, South Africa, Thailand, Turkey—we find that has decreasing We also firms countries have higher than weak no...

Purpose This paper aims to investigate the effect of auditor switching and lowballing on conditional conservatism, particularly how different types switching, namely, upward, downward lateral to/from Big 4 industry specialists, affect earnings quality in following selected Asian countries: Indonesia, Malaysia, Philippines, South Korea Thailand. Design/methodology/approach Using conservatism as a proxy for quality, this study hypothesises that upward from non-Big auditors, or non-specialist...

In common with many developing countries, Bangladesh faces problems in raising sufficient tax revenues to fund its economic and social development. To address this problem improve efficiency growth, a major reform program was initiated 1991 which centred on the introduction of valued-added (VAT) replace range narrowly-based consumption taxes.

There is a widespread public perception that the provision of NAS undermines auditor independence. In order to protect independence, regulatory frameworks many countries include regulations and guidelines which auditors are required observe. This paper provides comparative analysis selected frameworks. Regulatory frameworks, with respect make distinctions between independence mind in appearance. It clear from can threaten both inpendence some for no safeguard seem be adequate therefore...

In common with many developing countries, Bangladesh faces problems in raising sufficient tax revenues to fund its economic and social development. To address this problem improve efficiency growth, a major reform program was initiated 1991 which centred on the introduction of valued-added (VAT) replace range narrowly-based consumption taxes. A review existing VAT regime suggests it not producing as much revenue could be expected from such tax. This paper analyses possible reasons for poor...