Annual Reports: Fact or Fiction? Are There Governance Implications?

Garrow, Nigel; Awolowo, Ifedapo Francis; Growe, Glenn A.

doi:10.33423/jlae.v16i1.1360

Cited by 7 publications

(3 citation statements)

References 0 publications

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“…Because entities are assumed to continue in the foreseeable future, costs and other overhead expenses are allocated over expected lives to specific periods (Effendi & Fatmawati, 2021). Without the going concern assumption, the matching of the cost of a project to revenue, such as contract revenue that stretches over more than a year, may not be feasible (Garrow et al, 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Assessing the Mediation Role of Corporate Governance on the Relationship between Going Concern and Investor Confidence

Hammond¹,

Opoku²

2023

IJEBMR

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The confidence of investors is essential to the survival and growth of business. Strong corporate governance is one of the key ingredients for business continuity and as such investors use it as a yardstick to make economic decisions. The study aimed at examining the role corporate governance plays in influencing the connection between going concern and investor confidence. The study used data from fifteen commercial banks from Ghana and ten banks from Nigeria. The dataset spans ten year period, from 2011 to 2020. The data were analysed using partial least square structural equation modelling to model the relationships between the variables. The results showed that there are positive associations between corporate governance and going concern, governance and investor confidence; and going concern and investor confidence. Corporate governance was found to have an indirect effect between going concern and investor confidence, however, the mediation role is not significant. The implication is that, although there is no mediation effect of corporate governance on the relationship between going concern and investor confidence, investors are influenced by the mechanism of corporate governance in an organization. This research contributes to the body of knowledge on the important role of good corporate governance mechanisms in managing organisations as well as its impacts on the performance of businesses and investor confidence.

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Section: Literature Reviewmentioning

confidence: 99%

Assessing the Mediation Role of Corporate Governance on the Relationship between Going Concern and Investor Confidence

Hammond¹,

Opoku²

2023

IJEBMR

View full text Add to dashboard Cite

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“…For instance, Germany's Wirecard fraud case shows the lapses in audits conducted by Ernst and Young (EY) over the course of ten years (Storbeck, 2021;Awolowo & Garrow, 2020). Also, the Carillion fraud scandal in the United Kingdom (UK) reveals KPMG's unprofessional performance on audits carried out over nineteen years (Jolly, 2022;Garrow, Awolowo, & Growe, 2019;Izza, 2019;Plimmer, 2018). The profound impact of Carillion's collapse on the UK's public sector has triggered a realisation of the imperative for strategic interventions in corporate governance and audits.…”

Section: Contextual Backgroundmentioning

confidence: 99%

Bridging the Gap: Integrating Forensic Accounting Skillsets for Enhanced Audit Quality in the Post-Pandemic Era

Abidoye,

Awolowo,

Chan

2023

Journal of Forensic Accounting Profession

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In response to recent high-profile accounting scandals, the auditing sector is undergoing a critical review of practices. Despite regulatory changes and technological advancements, doubts persist about auditors' effectiveness in identifying financial statement fraud. This article advocates for a paradigm shift in auditors' skillsets, especially amid challenges posed by remote and hybrid work scenarios.

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“…Second, inspections have "moved more toward judgment areas," which indicates auditors should better support their judgments during the audit instead of returning days (sometimes months) later to strengthen their workpapers (e.g., Dowling et al, 2018;Johnson et al, 2019). If firm leaders can predict affected areas, they can be more effective in audit planning and documenting decision support (Garrow, Awolowo, & Growe, 2019). Finally, one's dominant social group plays a large part in determining behavior.…”

Section: Introductionmentioning

confidence: 99%

Auditors’ Perception of Their Regulator Within Their Social Group

2022

JLAE

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Although copious literature exists on the judgment and decision-making (JDM) process, there is primarily anecdotal research on the personal perception of a regulatory body, such as the US Public Company Accounting Oversight Board (PCAOB). However, none have investigated its statistical impact on experts' evaluation of another expert's decision. A survey was conducted on 74 experienced auditors' in-group members' judgments and their perception of the regulator (PCAOB) to better understand the social group's impact on professional judgments. The results reveal auditors' evaluative decisions are positively associated with their perceptions of the regulator, inspection reports usage, and views of the PCAOB's effectiveness.

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Annual Reports: Fact or Fiction? Are There Governance Implications?

Cited by 7 publications

References 0 publications

Assessing the Mediation Role of Corporate Governance on the Relationship between Going Concern and Investor Confidence

Assessing the Mediation Role of Corporate Governance on the Relationship between Going Concern and Investor Confidence

Bridging the Gap: Integrating Forensic Accounting Skillsets for Enhanced Audit Quality in the Post-Pandemic Era

Auditors’ Perception of Their Regulator Within Their Social Group

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