Following the withdrawal of IFRIC 3: Emissions Rights in 2005, European Union (EU) companies participating an Trading Scheme (ETS) do not have definitive guidelines as to how account for carbon emissions allowances. Using a content analysis methodology, this study examines disclosed accounting policies EU ETS, and reveals how, absence clear guidance, they their As method adopted will impact upon company's financial statements, these findings are interest standards setters, investors,...

According to Economist Intelligence Unit (Economist Limited and SAS, 2008), risk management failure is one of the major triggers recent global financial crisis. Enterprise (ERM), an organisation wide process which identifies potential adverse events provides strategies manage risks, has been suggested as approach combat volume complexities risks faced by today's organisations (see, for example, Beasley et al., 2009). Despite emphasis given Australian Securities Exchange (ASX), there scant...

In the public sector, corporate governance is an expression that yet to be explicitly defined. This paper examines existing sector literature in order derive a set of broad principles sector. These are then applied through content analysis disclosures group government‐owned corporations, state government departments, local governments and statutory bodies. The results indicate derived generally applicable various forms entities. However, due lack established framework, disclosure piecemeal....

This Australian study seeks to better understand the disparity between positive attitudes towards Socially Responsible Investing (SRI) and level of investment in SRI, by examining both SRI choices that are made. It is hypothesised those who more committed principles environmental sustainability likely invest SRI. To test this, 318 people from two large Queensland organisations surveyed relation their preferences. We find there significant differences with environmentalists placing importance...

Abstract Purpose The purpose of this paper is to identify factors that affect corporate governance in Australian state government departments. Design/methodology/approach A qualitative analysis semi-structured interviews with 65 executives and middle managers from 25 departments across Australia used. identified ' perceptions the structures practices four nominated areas: strategic planning, auditing, risk management capacity building. social capital model utilised analyse data along...

Purpose The purpose of this paper is to examine the relative predictive ability earnings, cash flow from operations as reported in statement, and two traditional measures flows (i.e. earnings plus depreciation amortisation expense, working capital operations) forecasting future for Australian companies. Further, an empirical investigation extent which firm size, a contextual factor, influences predictability presented. Design/methodology/approach authors' sample includes 323 companies listed...

This Australian study seeks to better understand the disparity between positive attitudes towards Socially Responsible Investing (SRI) and level of investment in SRI (Saulwick & Associates 2001; Watmore Bradley Williams 2007; Arjalies 2010), by examining both choices that are made. It is hypothesised those who more committed religious belief principles likely invest SRI.

Purpose This paper aims to investigate the determinants of women representation on Australian corporate boards under ASX’s “if not, why not” governance framework. It further improve study Geiger and Marlin (2012) by using a theoretically sound two-limit Tobit model examine determinants. Design/methodology/approach uses ASX 500 boards. approach is used due censored nature dependent variable. Findings finds that an appropriate methodology accommodate firm size, as chair boards, index, Global...

A study of Queensland public‐sector entities suggests outsourcing internal audit services to be extensive (88%), with 51% respondent agencies adopting co‐sourcing and 37% the fully outsourcing. Results suggest that is largely adopted for non‐financial reasons such as lack technological know‐how service quality rather than financial reasons. Deficiencies current governance arrangements concerning include (1) a committee involvement in processes, particularly entities, (2) inadequate...

We investigate the consequences of Australia’s ‘say on pay’ regulation chief executive officer (CEO) compensation using recent data. find that, for ‘first-strike’ firms that avoided a ‘second strike’ (the treatment firms), reduction in CEO total remuneration is positively associated with lower level shareholder dissent votes following report. also unlike control firms, increased proportion CEO’s performance-based pay year ‘first and such an increase negatively related to change shareholders’...

This paper examines corporate governance disclosures on the websites of Australian state government departments. The study focuses nature and extent information ease finding this directly department also in annual reports which are downloadable from websites. Our sample comprises six departments each states Australia, giving a size 36 findings indicate considerable variability both level disclosure accessibility disclosed. highlights lack consensus regarding meaning what comprises, together...

“Probity audits” are a new type of audit gaining some popularity in the Australian public sector. Probity audits refer to independent reviews government privatisations, contracting out projects (government procurements), and expression interests ascertain whether procedures followed consistent with appropriate regulations, guidelines best practice principles openness transparency. In recent times probity have been used by sector agencies such activities as procurement, disposal assets...

First year accounting has generally been perceived as one of the more challenging first business courses for university students. Various Classroom Assessment Techniques (CATs) have proposed to attempt enrich and enhance student learning, with these studies positioning students learners alone. This paper uses an educational case study approach examines implementation IGCRA (individual, group, classroom reflective action) technique, a Technique, on students’ learning performance. Building...

This paper examines the effect of one form board diversity on incidence receiving a ‘strike’ (i.e., 25 percent or more ‘no’ votes) remuneration report by ASX companies in Australia. More specifically, research hypothesises that there is negative association between women presence corporate boards and likelihood reports. Using Financial Review Business Intelligence’s voting database, this study constructs matched-pair sample 314 strike firms control from 2011 to 2013. After controlling for...

Modern governments are increasingly making legislative commitments to adopt responsible fiscal policies and, as part of those commitments, undertaking maintain their net worth and report against that undertaking. With recent developments in public‐sector accounting, reporting government change has become possible. This paper examines some major issues relating the worth. As attempts provide for measurement assets liabilities (the components worth) on a current value basis have met...

Probity audits, real time audits which review compliance with process and conformance guidelines, are gaining popularity in the Australian public sector. Prior research has noted that conduct of probity by auditors‐general may pose problems for their independence. This paper provides empirical evidence on extent to performed Australia, perceptions any dilemmas posed. The study finds approximately half “independence” is a key concern those who do not perform these tasks. in‐depth contributes...