Journal of Accounting and Management Information Systems最新文献

{"title":"The perception of audit quality among financial statements users, preparers and auditors, in Tunisia","authors":"Mouna Hamza, Salma Damak Ayadi","doi":"10.24818/jamis.2023.02002","DOIUrl":"https://doi.org/10.24818/jamis.2023.02002","url":null,"abstract":"","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"112 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78197292","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Sustainability reporting and earnings management engagement from an emerging economy perspective","authors":"Elena Turuianu (Nechita)","doi":"10.24818/jamis.2023.02007","DOIUrl":"https://doi.org/10.24818/jamis.2023.02007","url":null,"abstract":"","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"29 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90509738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The moderating role of good corporate governance on the relationship between corporate social responsibility and real earnings management","authors":"Sawssen Khlifi, Ghazi Zouari","doi":"10.24818/jamis.2022.04003","DOIUrl":"https://doi.org/10.24818/jamis.2022.04003","url":null,"abstract":"Research Question: Does Good Corporate Governance have a moderating effect on the relationship between Corporate Social Responsibility and Real earnings management? Motivation: Nowadays, the relationship between responsible governance and REM has gained momentum in the accounting and financial studies. In this context, the present work will provide more insight into the relationship between responsible governance factors (GCG, CSR) and REM in the presence of R&D and M&A. Idea: this paper is to examine the moderating effect of good corporate governance (GCG) on the relationship between corporate social responsibility (CSR) and real earnings management (REM) level in innovative firms during mergers and acquisitions (M&A) transactions. Data: Using the corporate governance ratio and CSR scores calculated by the Thomson Reuters Eikon ASSET4 database, this study was developed to investigate these issues on a sample of 113 U.S. S&P 500 index firms between 2015 and 2021. This study adopted a sampling process that divides the total sample into two sub-samples according to whether the companies are involved in M&A transactions (test sample) or not (control sample). Tools: Multiple regressions on panel data is used to estimate our hypotheses. Findings: The empirical results reveal that CSR score has a negative and statistically significant effect on REM in highly R&D-intensive firms involved in M&A. Furthermore, the findings suggest that that good corporate governance variable plays a moderating role in the relationships between CSR and REM of these firms but not for the non-merged ones. Contribution: This research contributes to the literature by providing the significant links between some CSR, good corporate governance and the REM level within R&D-intensive firms in the American M&A market.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"46 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77260636","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Machine learning and external auditor perception: An analysis for UAE external auditors using technology acceptance model","authors":"Ahmad Faisal Hayek, Noraini Noordin, K. Hussainey","doi":"10.24818/jamis.2022.04001","DOIUrl":"https://doi.org/10.24818/jamis.2022.04001","url":null,"abstract":"Research Question: Do external auditors in the United Arab Emirates (UAE) perceive the ease of use and usefulness of Machine Learning (ML)? Motivation: This study aims to investigate external auditors' perceptions of the ease of use and usefulness of Machine Learning in auditing in the UAE. In addition, the study intends to examine the difference in perceived ease of use of Machine Learning between local and international audit companies in the UAE. Data: Data for this study were gathered from 63 external auditors working for local and global audit firms in the UAE. The study's population comprises external auditors from national and international audit companies in UAE. Tool: The questionnaire was deployed through an online survey tool. Findings: The results have shown that the findings do not support the idea that there is a different perception of the Perceived Ease of Use of Machine Learning in auditing between local and international audit firms. According to the conclusions of this study, external auditors have a restricted perception of the simplicity of use and utility of Machine Learning. Practical implications: The importance of the findings of such research stems from the lack of research evidence on the perceived ease of use and usefulness of Machine Learning in external auditing in the UAE. As a result, this paper provides new empirical evidence by assessing external auditors' assessments of the usage of Machine Learning in the UAE.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"47 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87731396","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Financial auditing during crisis: Assessing and reporting fraud and going concern risk in Lebanon","authors":"K. Feghali, Reine Najem, B. Metcalfe","doi":"10.24818/jamis.2022.04004","DOIUrl":"https://doi.org/10.24818/jamis.2022.04004","url":null,"abstract":"Research Question: What is the impact of the Lebanese crisis on the financial auditing mission, mainly during assessing and reporting fraud and going concern risk? Motivation: So far, the academic research covering the Lebanese crisis is still rare. Hence, the spillover of the financial distress is an under researched area. Our aim to investigate the impact of financial and economic disruption on financial auditing mission, together with assessing and reporting fraud and going concern risk is an important contribution to risk literature. Idea: The article examines the impact of the Lebanese crisis on financial auditing mission, mainly during assessing and reporting fraud and going concern risk. More specifically, based on fraud triangle theory and bankruptcy theory, this study investigates the response of Lebanese financial auditors to the increase of fraud and going concern risk during crisis. Data: The questionnaire survey was used to collect responses from 239 external and internal auditors. Tools: Univariate descriptive statistics have been used to describe the respondents’ profile, the Principal Component Analysis (PCA) as a data reduction method and the Kendall’s Tau B, Anova and Logistic Regression for hypotheses testing. Findings: The empirical study suggests the presence of a significant relationship between the propagation of fraud and the going concern risk. Facing this situation, Lebanese financial auditors modified the audit reports, by issuing a going concern opinion through the adoption of a hierarchical system based on the severity of the assessed risk. Contributions: The research illustrates how regulators, shareholders and several bodies can effectively evaluate financial auditors’ roles during crisis, especially in terms of fraud and going concern risk. Additionally, the findings invite several bodies to never separate fraud from going concern principle during the evaluation of the trustworthiness of financial statements, and the overall credibility of business continuity.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75147449","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Value relevance of general government national accounts with ESA2010 accrual accounting framework. Association of ESA2010 reporting quality with decision making and accounting standardisation","authors":"Michalis Bekiaris, Antonia Markogiannopoulou","doi":"10.24818/jamis.2022.04005","DOIUrl":"https://doi.org/10.24818/jamis.2022.04005","url":null,"abstract":"Purpose: The necessity for a reliable set of international standards for the compilation of national accounts introduced the accrual accounting framework of the European System of Accounts (ESA 2010). Extensive efforts are made for convergence between Government Accounts (GA) and National Accounts (NA) under accounting standards. Design/methodology/approach: This study investigated the quality of governmental NA, in the context of ESA 2010, from 1999 through 2019, using relative value relevance models of long-term government bond yields. Findings: i) The accrual accounting framework ESA2010 generates value relevant (thus qualitative) NA financial reporting in EU member states and the United Kingdom (UK); ii) The financial variables that better interpret bonds’ return, thus governments’ necessity to borrow money, are showcased; iii) The usefulness of the ESA2010 conceptual framework for decision and policy making process considering that the accrual accounting basis fosters the financial reporting quality, is demonstrated; iv) The quality results set the premise for further discussion for the harmonization and alignment process of accounting standardisation with the ESA2010 accrual accounting framework as a resource for policy and decision making. Limitations: The methodology of value relevance models that is employed to assess the governmental statistical reporting quality with the ESA2010 accrual accounting framework is a private sector technique. Originality: This study contributes theoretically as it fosters the quality of accrual accounting basis. It moreover provides an empirical and practical contribution by introducing relative value relevance econometric models that provide stakeholders with reliable information on the financial position and performance of the government. It showcases significant financial variables and coefficients of statistical reporting for each government. With its value relevant results, it supports evidence-based decision making, allows comparisons between EU governments and the UK, and contributes to increased transparency and accountability.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"119 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77734677","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Do key audit matters signal corporate bankruptcy?","authors":"Mahmoud Elmarzouky, K. Hussainey, Tarek Abdelfattah","doi":"10.24818/jamis.2022.03001","DOIUrl":"https://doi.org/10.24818/jamis.2022.03001","url":null,"abstract":"Research Question: This paper aims to answer whether the Key Audit Matters (KAMs) Signaling Corporate Bankruptcy and investigate auditor responsibility versus the lack of auditing standards, and examine whether the disclosure of the KAMs by independent auditors enhances the prediction of corporate bankruptcy and the extent to which the KAMs reduce the information asymmetry between firm managers and shareholders. Motivation: We analyse the risk topics in the annual reports, then the KAMs highlighted by the auditor and then the KAMs are disclosed by adopting a case study approach. Data: We use a single descriptive case study approach and read the relative academic and professional literature to explore the KAMs included in the auditors' reports before the Thomas Cook Group Plc bankruptcy. Findings: We find no significant predicting power of KAMs disclosed by Ernst & Young (EY) on Thomas Cook's annual reports. We found that the auditor is not responsible for indicating financial failure. Contribution: We suggest that the regulators and the accounting boards adopt more restrictive standards and improve the International Standards on Auditing (ISA) 701. Furthermore, attention should be focused on the reliability of KAMs specified in ISA 701. We conclude that the KAMs are ineffective in disclosing bankruptcy risk. Our paper concludes that the current auditing standards should be more instructive in preventing corporate bankruptcy. We contribute to the literature in a unique and core research area not researched previously.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"48 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81513481","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Mandatory extraction payment disclosures and tax haven use: Evidence from United Kingdom","authors":"Sameh Kobbi-Fakhfakh, Fatma Driss","doi":"10.24818/jamis.2022.03006","DOIUrl":"https://doi.org/10.24818/jamis.2022.03006","url":null,"abstract":"Research Question: Does public country by country reporting (CbCr) deter multinationals' tax avoidance practices operating in extractive industries? Motivation: Public CbCr has already been implemented for two specific sectors, namely the financial and extractive sectors. Prior studies have focused on tax avoidance of EU banks around the implementation of public CbCr requirement (Joshi et al., 2020; Eberhartinger et al., 2020; Overesch & Wolff, 2021). However, studies on how resource-extracting multinationals respond to the CbCr regulation are scarce. This study seeks to fill this gap by examining the effect of public CbCr on tax avoidance with a special focus on extractive industries. Idea: To improve fiscal transparency, Canadian and European legislators have adopted regulations requiring multinational corporations (MNCs) to provide, annually, their Extraction Payment Disclosures (EPD) (Public CbCr standard for extractive industries) to governments (EC, 2013; Natural Resource Canada, 2014). This study examines the effect of mandatory EPD adoption on the extent of tax haven use. Data: For a 10-year period surrounding the mandatory EPD adoption (2010-2019), we selected a sample of UK MNCs operating in the oil, gas, and mining sectors and listed on the London Stock Exchange. The analysis is mainly based on firm-level information taken from DATASTREAM database. Based on hand-collected data from annual reports, we measured the extent of tax haven use using the percentage of multinational subsidiaries located in tax haven jurisdictions/countries as listed in Dyreng and Lindsey (2009). An alternative list identified by the Organization for Economic Co-operation and Development (OECD) (2006) was also used in a robustness test. Tools: To examine our research question, we estimated a linear regression model with panel data using STATA software. Findings: The results show that the increased transparency resulting from public EPD does not appear to significantly affect the intensity of tax haven use. Contribution: This study extends and complements prior literature examining the effect of CbCr on tax avoidance and profit shifting by focusing on a specific setting i.e. extractive sector. To the best of our knowledge, apart from Johannesen and Larsen (2016) and Rauter (2020), no studies have provided empirical evidence on how resource-extracting multinationals respond to the EPD regulation.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"59 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86892302","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Security breaches and modifications on cybersecurity disclosures","authors":"Jacob Peng, Chang-Wei Li","doi":"10.24818/jamis.2022.03007","DOIUrl":"https://doi.org/10.24818/jamis.2022.03007","url":null,"abstract":"Research Question: How do firms approach their cybersecurity disclosure obligations, especially for those who experienced a cyber-attack? Prior research has found that year-after-year modification on textual disclosures adds more appreciable information that makes it more relevant. But do firms provide meaningful disclosures to promote market transparency? Motivation: Because of growing cybersecurity threats in recent years, the U.S. Securities and Exchange Commission (SEC) has issued several regulations and guidance that emphasized on the disclosure of material information on cybersecurity. Given that the mandatory risk factor disclosures in SEC Form 10-K is the first place firms are encouraged to disclose cybersecurity-related assessment, it is important to examine how firms approach their disclosure expectations. Idea: To examine whether firms respond to cyber-attacks with meaningful disclosures, we use the Vector Space Model (VSM) to calculate disclosure modifications before and after major cyber-attack incident. Data: We extracted cybersecurity breach incidents from the Data Breach Database, a centralized and global database of data breaches maintained by a leading security company. In addition, we use the SEC data depository to find firms’ 10-K disclosures. Findings: We find that firms modify their cybersecurity disclosures by increasing the quantity of disclosures, but not necessarily the quality of disclosures as measured by document similarity. Furthermore, we find partial evidence that the degree of modification is positively associated with the severity of cyber-attacks. Contribution: Our evidence suggests that firms tend to use boilerplate language to disclose cybersecurity-related issues. This finding is consistent with prior research. That is, consistent with prior literature, the information content in public company 10-Ks is limited. We find that this seems to be the case as well when it comes to cybersecurity disclosures.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84129869","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Applying, updating and comparing bankruptcy forecasting models. The case of Greece","authors":"N. Daskalakis, Nikolaos Aggelakis, John Filos","doi":"10.24818/jamis.2022.03002","DOIUrl":"https://doi.org/10.24818/jamis.2022.03002","url":null,"abstract":"Research Question: This study examines whether bankruptcy prediction models work well during recessionary periods, on an advanced economy, and how their results can be improved, via a methodological approach to change the coefficients of their variables. Motivation: This is the first study to follow a methodological approach of a simultaneous comparison-update-comparison task, during a recessionary period, for an advanced economy. Idea: The paper explores, updates and compares the effectiveness of five of the most common bankruptcy prediction models on the listed companies of an advanced economy (Greece), covering the recessionary period of 2010-2019. Data: The study sample consists of Greek companies, listed in the Athens Stock Exchange, covering the period 2010-2019, classified into viable and non-viable, based on specific criteria. The final sample consists of fifty-two (52) companies, listed in the Athens Stock Exchange during the period from 2010 to 2019. Tools: We follow a two-stage analysis. First, we apply the original five bankruptcy prediction models of Altman (2000) and Grammatikos and Gloubos (1984), MDA and LPM models, Taffler (1983) and Dimitras et al. (1999) Next, we recalculate their coefficients, keeping the variables stable, and we again apply them to the same sample and compare them again. Findings: We find that the original models are significantly biased against viable companies, but predict with almost perfect accuracy non-viable companies’ bankruptcy. Once we update the variables’ coefficients, we get significantly improved results as regards correctly predicting viable companies, at the expense of slightly decreased, but still high, non-viable companies’ bankruptcy prediction rates. We suggest a similar methodology to be applied in other similar economies, to increase models’ accuracy. Contribution: The contribution of the paper is threefold. First, we show how we can develop highly accurate bankruptcy prediction models that can be applied in the economic environment of a developed economy. Second, we show that these models work well during recessionary periods as well, and can also be improved when their coefficients are changed. Third, we suggest a methodology of applying, comparing and updating such models, thus showing in detail this improvement process per model.","PeriodicalId":14716,"journal":{"name":"Journal of Accounting and Management Information Systems","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82356753","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}