This paper investigates the effect of adoption of audit committee on the information usefulness and value-relevance of accounting earnings. It analyzes discretionary accruals, earnings-return multiples and earnings-price multiples to see if there ar
audit committees are associated with management earning forecast which was a proxy for voluntary financial disclosure practices. The characteristics of audit committee here are proxies as control mechanism about voluntary disclosure. We used forecas
Since the Blue Ribbon Committee(BRC)’s 1999 report and the Sarbanes-Oxley Act (SOX) of 2002, the role of the audit committee has been more crucial to regulator, accounting profession, and business world. This study examines how the quality of
audited periodically to
ensure that the measuring device is being used correctly and
consistently by all.
SUMMARY OF CHANGES
Committee E28 has identi®ed the location of selected changes to this standard since the last issue
(E 8 ± 00b) that may impact the use of this standard.
(1) Uniform elongation was added.
(2) Paragraph 7.2.2 was clari®ed.
(3) Paragraph 7.2.3 was moved to 7.3.2.
50. If it is required by ASIC or by the shareholder of 5% voting power, small proprietary company also needs to prepare GPFRs. If it is disclosing entity, it also required to prepare GPFRs, even if it is small company. Disclosing entities are essentially the companies that raise the money from the public. If you are required to prepare GPFRs, also to be audited.
Under the Conceptual framework
Committee of the Party(당중앙위원회) and Central Auditing Committee of the Party(당중앙검사위원회)
②to adopt and supplement the code and rule of party
③determine the basic problems respecting the party line, policy and strategy
④election Central Committee of the Party and Central Auditing Committee of the Party etc. they have enormous authority
․ North Ko