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内部控制报告和会计保守性外文文献和翻译

更新时间:2012-11-12:  来源:毕业论文

Abstract : One objective of the internal control reporting requirements of the Sarbanes-Oxley Act of 2002 (SOX) is to improve the quality of financial reporting. This study examines whether a relation exists between internal control quality and accounting conservatism, which is an important feature of high financial reporting quality. Using a sample of firms which disclose material weaknesses (MWs) in internal control under SOX, we find that firms with MWs exhibit less accounting conservatism than firms with no such weaknesses. However,  firms  that  disclose  MWs  andwhose  auditors  subsequently  confirm  the remediation of these weaknesses exhibit more conservative accounting  earnings than firms  that  学习林俊德心得体会continue  to  have  MWs.  We  also  find  that  the  internal  control  reporting requirements have a disciplining effect on firms’ financial reporting. Specifically, firms with MWs exhibit more conservative earnings after the disclosure of such weaknesses, regardless of whether or not these weaknesses are remediated. Overall, our results show that the quality of internal control affects  accounting conservatism and underscore the importance of the internal control reporting requirements  in  enhancing the quality of financial reporting.
Key words:   internal control  conservatism  disclosure; 本文来自六.维,论-文·网原文请找腾讯324,9114

1. Introduction

“This law (Sarbanes-Oxley Act) says to shareholders that the financial information you receive from a company will be true and reliable.This law says to workers: we will not tolerate reckless practices that artificially drive up stock prices and eventually destroy the companies, and the pensions, and your jobs.”1
 In 2002, following a series of high-profile cases of corporate improprieties, the U.S. Congress  passed the Sarbanes-Oxley Act (SOX), which is widely considered to contain the most important and sweeping corporate reforms since the 1930s. As can be seen from the above excerpt from President Bush’s speech, made during his signing of the Act, one of the objectives of regulators in passing SOX is to ensure the reliability of financial reporting and to prevent companies from artificially driving up stock prices to mislead investors. 2  In  this  study,  we  examine  whether  the  internal  hindi sms control  reporting requirements of SOX help to enhance the quality of financial reporting by ensuring conservative accounting practices.3,2552

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