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on Accounting and Auditing |
| By: | Mehdi Gharrafi (The Sidi Bennour Higher School of Technology University of Chouaib Doukkali– Morocco,); Nacer Mahouat (UH2MC - Université Hassan II de Casablanca = University of Hassan II Casablanca = جامعة الحسن الثاني (ar)); Kaoukabi Mohammed (Sidi Mohammed Ben Abdellah University, Fez, Morocco); Hajar Kobi (University Mohamed 5 of Rabat); Benlakouiri Abderrahim (University Hassan II [Casablanca]); Habbani Souad (USMBA - Université Sidi Mohamed Ben Abdellah) |
| Abstract: | The context of this research is that there are still many cases of fraud that occur in companies, central government, local authorities or public institutions. The purpose of this study is to determine whether and to what extent internal audit and good governance play a role in preventing fraud in Moroccan public enterprise. The independent variable is "internal audit" and "good governance, " while the dependent variable is "fraud prevention." We adopted a post-positivist posture, a hypothetico-deductive logic and a quantitative approach. The research population is made up of internal auditors, a total of 35 people in Moroccan public enterprise. We used a non-probability sampling technique, more precisely, the saturated sample technique, and then multiple regression to model fraud prevention and its determinants. The results of the study show that internal audit and good governance have a positive and significant role in fraud prevention. In addition, internal audit and good governance contribute 49.2% in the prevention of fraud. |
| Keywords: | Internal audit good corporate governance fraud prevention Moroccan public enterprise, Internal audit, good corporate governance, fraud prevention, Moroccan public enterprise |
| Date: | 2024–09–27 |
| URL: | https://d.repec.org/n?u=RePEc:hal:journl:hal-04744632 |
| By: | YiLi Chien; Ashley Stewart |
| Abstract: | An analysis breaks down Japan’s consolidated balance sheet and considerations surrounding fiscal and monetary policies. |
| Keywords: | Japan; fiscal policy; monetary policy |
| Date: | 2024–10–24 |
| URL: | https://d.repec.org/n?u=RePEc:fip:l00001:99027 |
| By: | Heng Geng (Victoria University of Wellington); Harald Hau (University of Geneva - Geneva Finance Research Institute (GFRI); Swiss Finance Institute; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute)); Hanzhang Zheng (University of Geneva and Swiss Finance Institute) |
| Abstract: | China's IPO approval process co-opts audit firm representatives into the regulatory decision body, which creates conflict of interest and potential channels for corruption. We show evidence that co-opted auditors (i) do not differ in their auditing practice of listed firms from other auditors, but (ii) attract more borderline IPO clients that do not fully comply with the listing requirements, contributing to higher audit revenue growth, (iii) increase the chance of IPO approval for their borderline candidates, which (iv) afterwards underperform regular IPO stocks by 39% in terms of their average two-year buy and hold return. Moreover, (v) these borderline IPO firms show poorer profitability than matched firms, suggesting potential misrepresentation of firm prospects at the IPO stage. |
| Keywords: | corruption of professional standards, IPO underperformance, regulatory failure |
| JEL: | G14 G15 G18 G38 H11 P27 |
| Date: | 2024–10 |
| URL: | https://d.repec.org/n?u=RePEc:chf:rpseri:rp2454 |
| By: | Ropponen, Olli |
| Abstract: | Abstract The purpose of this brief is, on the one hand, to shed light on the key features of the tax system for unlisted companies in Finland, and on the other hand, to provide insight into the need for development within the system. The starting point is the dual income tax system, which justifiably aims to tax capital income differently from earned income. The need for development, in turn, is focused on the system’s parameters, not its structure. |
| Keywords: | Dual Income Tax, Income-splitting, Neutral Taxation, Investment, Depreciation Allowances |
| JEL: | H21 H24 H25 H32 |
| Date: | 2024–10–23 |
| URL: | https://d.repec.org/n?u=RePEc:rif:briefs:139 |
| By: | Oz Shy |
| Abstract: | Sales tax is generally not included in the advertised price quoted to consumers in the United States. In contrast, value added taxes (VAT) are embedded into the price in most other countries. This article investigates how the two different pricing structures and consumers' decision-making process affect the intensity of price competition. The two pricing structures yield identical market outcomes with fast-computing consumers who are willing and able to recompute the exact sales tax each time there is a price change. With slow-computing consumers, prices and profits are higher when sellers quote and compete in prices without sales tax. In this case, a model extension with two-stage decision making shows that the entire tax burden is shifted to the consumers when they completely ignore sales tax during their initial search. |
| Keywords: | price competition; price comparisons; sales tax; value added tax; fast and slow-computing consumers; mental accounting; inattention; consumer decision making |
| JEL: | D43 H29 L13 M3 |
| Date: | 2024–06–18 |
| URL: | https://d.repec.org/n?u=RePEc:fip:fedawp:99031 |
| By: | Wilhelm Breuer; Julius König |
| Abstract: | The paper compares the risk-adjusted performance of German open-ended funds and listed real estate companies (LRE) using the Sharpe ratio concept in the short, medium and long term. The results show that both outperform depending on the term and that the different reporting standards of the two vehicles play an important role in explaining the outperformance. |
| Keywords: | Listed Real Estate (LRE); Open-ended Funds; Reporting standards; Sharpe Ratio |
| JEL: | R3 |
| Date: | 2024–01–01 |
| URL: | https://d.repec.org/n?u=RePEc:arz:wpaper:eres2024-133 |