Consequences of state-level regulations in accounting, finance, and corporate governance: A review

Al‐Hadi, Ahmed; Habib, Ahsan

doi:10.1016/j.adiac.2022.100630

Cited by 4 publications

(4 citation statements)

References 108 publications

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“…Channels of state intervention include state regulations relating to auditor responsibilities, director responsibilities, and shareholder litigation rights (Al-Hadi & Habib, 2023). Violations of auditor ethics damage the auditor's reputation and the company he or she audits.…”

Section: Discussionmentioning

confidence: 99%

“…Auditors tend to issue opinions going-concern (GC) to financially distressed clients headquartered in states that have adopted such laws, particularly the good faith exception, versus clients in states that have not adopted such laws. Channels of state intervention that include state regulations relating to auditor responsibilit ies, director responsibilities, and shareholder litigation rights (Al-Hadi & Habib, 2023). Violations of auditor ethics damage the reputation of the auditor and the company being audited.…”

Section: Auditor Ethics (Ae) and Audit Opinion (Ao)mentioning

confidence: 99%

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The effect of brainstorming, auditor ethics, and whistleblowers on audit opinions of government financial reports: The moderating role of management support

Yasmin,

Haliah,

Kusumawati

et al. 2024

5002

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This research aims to explore the impact of brainstorming (BR), auditor ethics (AE), and whistleblowers (WH) on audit opinions (AO). It also aims to assess the moderating role of management support (MS) in these relationships. The population of this study was 166 auditors from the Supreme Audit Agency (BPK-Badan Pemeriksa Keuangan) spread across the Papua region of Indonesia. The data were analyzed using Partial Least Square-Structural Equation Modeling (PLS-SEM) analysis. The findings show that there is a significant influence of brainstorming and auditor ethics on audit opinion, but whistleblowers do not influence audit opinion. In addition, management support moderates the influence of auditor ethics but not brainstorming and whistleblowers. Management that supports auditor ethics strengthens the positive effect of auditor ethics on audit opinions, ensuring that auditors can operate independently and objectively. However, the findings demonstrate that management support is unable to control the impact of brainstorming and whistleblowing on audit opinion, which is a result of other factors that are more important in influencing audit results. This research suggests that effective organizational management is crucial for maintaining auditor ethics and enhancing auditor independence in delivering unbiased audit opinions. Therefore, organizations must pay more attention to the role and support of management in creating a culture that supports integrity and ethics in the audit process.

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Section: Discussionmentioning

confidence: 99%

Section: Auditor Ethics (Ae) and Audit Opinion (Ao)mentioning

confidence: 99%

The effect of brainstorming, auditor ethics, and whistleblowers on audit opinions of government financial reports: The moderating role of management support

Yasmin,

Haliah,

Kusumawati

et al. 2024

5002

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“…Research on the consequences of business strategy using Bentley et al (2013) measure on various finance outcomes provides some interesting insights. General findings suggest that firms following prospector strategies pay less dividends, hold more cash, make less efficient 7 IDD is a state level regulation which enables employers to enter into contracts with their employees forbidding them from working in competitor firms for a certain period of time (Al-Hadi & Habib, 2023).…”

Section: Business Strategy and The Stock Price Informativenessmentioning

confidence: 99%

Business strategy and strategic deviation in accounting, finance, and corporate governance: A review of the empirical literature

Habib

Ranasinghe

Perera

2023

Accounting & Finance

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We review the empirical archival literature on the consequences of business strategy and strategic deviation on accounting, finance, and corporate governance outcomes. We use Miles and Snow's (Organizational strategy, structure, and process. McGraw‐Hill, 1978; Organizational strategy, structure and process. Stanford University Press, 2003) strategy typology that has been quantified using financial statement data by Bentley et al. (Contemporary Accounting Research, 2013, 30, 780). Research has used this strategy score to investigate the consequences of firms following two distinct strategies namely, prospectors versus defenders, on various organisational outcomes. Our survey provides mixed evidence on the relationship between business strategy, financial reporting quality, finance outcomes, and corporate governance including corporate social responsibility (CSR) activities. We offer some suggestions for future research.

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“…Na taj način zakonska regulativa obezbeđuje strategije identifikacije koje su superiornije od internih odluka koje donose menandžeri računovodstva na bazi profesionalne regulative. Drugim rečima, donošenje propisa na državnom nivou smatra se egzogenim za odluke pojedinačne firme i stoga obezbeđuje strategije identifikacije koje su superiornije od endogenih ili internih odluka koje donose menadžeri (Huang, 2020, p. 251-278;Al-Hadi and Habib, 2023). Područje zakonske računovodstvene regulative obuhvata u osnovi sve segmente računovodstva preduzeća, a posebna pažnja je usmerena na računovodstvenu proceduru i finansijsko izveštavanje.…”

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Legal and professional accounting regulations as strategic components of financial reporting quality

Anđelković,

Petrović,

Liberakos

2023

Ekon: teor praks

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The basic aim of the research in this paper is to answer the question of whether the financial statements defined by the legislation in the Republic of Serbia, based on the IASB IAS/IFRS project implementation, could be comparable with the EU financial statements in terms of quality. The main reason for this research is to point out the necessity of including other international accounting regulations, such as EU Directive 34, for financial reporting harmonization and standardization needs. The research results show that the existing legal accounting regulations implementation defined by the IFRS has become the limiting factor for financial reporting quality. Additionally, the research results indicate the need to overcome the existing concept of technically oriented accounting and consider a broader, more completely expressed power of financial reporting that includes other non-financial determinants. In order to reach the set aim, the methodology used in this paper includes qualitative research based on secondary data sources. On that basis, the first part of the paper provides an indicator analysis that illustrates the existing financial reporting quality situation as a result of legal and professional accounting regulations implementation in the Republic of Serbia. In the second part of the paper, based on the research results, we provide suggestions for improving accounting regulations for financial reporting quality needs.

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Consequences of state-level regulations in accounting, finance, and corporate governance: A review

Cited by 4 publications

References 108 publications

The effect of brainstorming, auditor ethics, and whistleblowers on audit opinions of government financial reports: The moderating role of management support

The effect of brainstorming, auditor ethics, and whistleblowers on audit opinions of government financial reports: The moderating role of management support

Business strategy and strategic deviation in accounting, finance, and corporate governance: A review of the empirical literature

Legal and professional accounting regulations as strategic components of financial reporting quality

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