Audit committee quality indices,reporting quality and firm value

We investigate the relation between audit committee (AC) quality indices, financial reporting, internal control quality and firm value using a US dataset for the period 2002–12. The indices are developed by linking firm value with principal component analysis (PCA) factors based on a broad set of 82 AC variables, some of which influence the quality of the AC, but are not addressed in prior literature. Significant AC factors include ‘overlapping directors’, ‘busyness’ and ‘foreign director’, and we use these factors to develop ‘high’ and ‘low’ AC quality indices. We show that low AC quality firms are more likely to manage earnings, be external auditor dependent with respect to non‐audit tax services, and switch to a lower quality auditor. Low AC quality firms are also more likely to have internal control concerns disclosed by predecessor auditors, including accounting issues, financial restatements, audit opinion concerns and deficiencies that undermine internal control effectiveness. Further, they are more likely to receive an audit report containing additional explanatory notes. Conversely, high AC quality firms are significantly less likely to have these concerns. Our findings highlight the value of using AC quality indices in delivering greater oversight of the financial reporting process.     

改革创新企业党建工作 提高企业党委领导能力

党的十七届四中全会明确提出建设＂马克思主义学习型政党＂的战略任务,新使命、新任务对各级党委领导抓学习、强素质提出了新的与更高的要求。抓好企业发展的各项工作,党委班子的领导水平是关键,因此,各级党委必须着眼新使命、新任务要求,把建设学习型党委作为重大的政治任务和强基固本工程,凝神聚力,紧抓不放,努力提高党委班子领导企业科学发展的能力。     

企业转型升级影响女职委工作的思考

目前,企业在转型升级过程中采取＂抢抓机遇开拓市场,优化结构加快转型,强化管理增创效益＂等一系列措施,造成不少女职工转岗、待岗、内退,从而引发家庭矛盾。文章从法律角度探究女职工待岗、内退引发家庭矛盾的问题,并提出相应对策,值得转型企业深入思考。     

我国上市公司审计委员会有效性研究——基于上市公司年报补丁的实证分析

当前,国内外监管政策日益重视审计委员会在保障财务报告质量中的作用。事实上,审计委员会是否已提高财务报告的质量,是一个实证检验的问题。本文的研究结果表明,设立审计委员会的上市公司发布年报补丁的概率比较低,与此同时,随着审计委员会独立性的增强、权威性的提高、主任委员独立性的增加,公司发布年报补丁的概率进一步降低。这些研究结果说明,当前我国上市公司已设立的审计委员会能有效地发挥提高财务报告质量的作用。     

新农村建设之“合村并居”改革刍议——基于浙江省“合村并居”改革试点的思考

"合村并居"是推进农村城镇化进程、加快社会主义新农村建设、整合开发与集约利用土地的一项重要举措,在一些经济发达地区已经进行试点。浙江省的"合村并居"试点工作启动于2003年杭州地区各县市部分乡镇及其他地区的个别乡镇。"合村并居"是否真正有益于新农村建设,关键在于"合村并居"后村级领导班子的构建。然而,"合村并居"后村级领导班子构建的不尽理想及由此带来的在村级民主管理、村民民主参与等的不足也是显而易见的,从"合村并居"之于中国农村实际、村民民主意识、村干部素质、村级管理重点等角度剖析个中原因,据此提出相应的完善"合村并居"有效治理模式的对策思考。     

Audit Committees,Boards, and the Quality of Reported Earnings*

I use data on 252 U.S. firms between 1994 and 2000 to study the relationship between audit committees and boards of directors with financial reporting quality. I initially document several changes in committee and board profile during the sample period. Results from logistic regressions suggest that measures of audit committee and board structure are related to earnings quality in a manner that is generally consistent with the predictions of agency theory. This study contributes to extant knowledge by employing different earnings quality measures from prior studies, and by expanding the range of audit committee attributes deemed important in determining audit committee performance.     

基于村级财务管理的村委会职责问题研究

加强农村财务管理，村委会应当是实施管理活动的主体，有权利按照国家统一财务会计制度的要求选择适应本村特点的财务管理模式，建立健全村级财务内部控制。村委会在农村财务审计活动中则处于被审计者的地位，应当配合乡镇政府，逐步推行由会计师事务所定期审计、由经管站日常监督，两者各有侧重的有效审计监督机制。     

Equity recognition of mandatory accounting changes: the case of transitional goodwill impairment losses

This study investigates if and how the use of the retroactive method to account for a mandatory accounting change affects a firm's measurement and recognition choices. We examine if reporting incentives and constraints are associated with the magnitude of transitional goodwill impairment losses reported by Canadian firms implementing Section 3062 on purchased goodwill. Our results indicate firms have an incentive to both overstate and understate transitional goodwill impairment losses. We also show that financially literate and independent audit committees constrain managerial opportunism. Copyright © 2008 ASAC. Published by John Wiley & Sons, Ltd.     

完善全国人大专门委员会制度的思考

作为人大及其常委会的辅助性机构,专门委员会的存在和作用的充分发挥将使人大的职能更好地得到行使。本文将在阐述完善全国人大专门委员会的必要性的过程中,说明当前我国全国人大专门委员会运行中所存在的不足及议会制度成熟国家的专门委员会运行状况,并提出建议。     

业主委员会制度的缘起、现实困境与制度选择

认为新的"物权"形式的出现是业主委员会制度产生的法理基础,社区自治制度的推行是业主委员会制度产生的政治基础,公共物品理论是业主委员会制度产生的经济学基础;业主委员会的法律地位定位不准确,业主委员会的成立难以启动;对业主委员会缺乏有效的监督机制和公民参与不足是目前业主委员会制度的现实困境.指出合理定位业主委员会的法律地位,强化政府在业主委员会组建中的作用,建立合理的组织构架,完善对业主委员会的监督机制,培养社区意识,引导居民参与社区管理,是完善业主委员会制度的制度选择.