Accounting and the global economy after Sarbanes-Oxley:
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Armonk, N.Y. [u.a.]
Sharpe
2008
|
| Subjects: | |
| Online Access: | Table of contents only Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XII, 258 S. |
| ISBN: | 9780765613769 |
Staff View
MARC
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| 100 | 1 | |a Garner, Don E. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Accounting and the global economy after Sarbanes-Oxley |c Don E. Garner, David L. McKee, Yosra AbuAmara McKee |
| 264 | 1 | |a Armonk, N.Y. [u.a.] |b Sharpe |c 2008 | |
| 300 | |a XII, 258 S. | ||
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| 500 | |a Includes bibliographical references and index | ||
| 610 | 2 | 4 | |a United States |t Sarbanes-Oxley Act of 2002 |
| 630 | 0 | 7 | |a International Accounting Standard 12 |0 (DE-588)7567999-1 |2 gnd |9 rswk-swf |
| 630 | 0 | 7 | |a International Standards on Auditing |0 (DE-588)4490663-8 |2 gnd |9 rswk-swf |
| 650 | 7 | |a Accounting |2 gtt | |
| 650 | 7 | |a Algemene beginselen van behoorlijk bestuur |2 gtt | |
| 650 | 7 | |a Internationalisatie |2 gtt | |
| 650 | 4 | |a Globalisierung | |
| 650 | 4 | |a Weltwirtschaft | |
| 650 | 4 | |a Corporations |x Accounting |x Standards | |
| 650 | 4 | |a Corporations |x Auditing |x Standards | |
| 650 | 4 | |a International economic relations | |
| 651 | 4 | |a USA | |
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| 689 | 0 | 1 | |a International Standards on Auditing |0 (DE-588)4490663-8 |D u |
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| 700 | 1 | |a MacKee, David L. |e Verfasser |4 aut | |
| 700 | 1 | |a MacKee, Yosra AbuAmara |e Verfasser |4 aut | |
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Record in the Search Index
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| adam_text | Contents
Introduction ix
Part I. The General Frame of Reference
1. Accounting and Auditing Standards as Operating
Parameters in the Global Economy 3
Accounting and Auditing Failures Unique
in Financial History 7
Andersen Failed to Follow Professional Standards 14
Consulting Became an Overriding Concern 17
Rise and Demise of Self-Regulation
of Public Company Auditors 20
2. Overview of Accounting Standards in the Global Economy 24
International Accounting Standards in Transition 27
Convergence to International Accounting Standards 30
Europe Adopts International Standards 35
3. The Role of Auditing Standards 39
Improved Audit Standards Needed to Restore
Public Confidence 41
Structural Weaknesses in Financial Reporting 43
Improving Systemic Weaknesses 46
4. Changing Realities in the Sarbanes-Oxley Era • 54
Sarbanes-Oxley Act Provisions 55
Benefits and Costs of Sarbanes-Oxley Compliance 64
Opposition to Sarbanes-Oxley 69
V
vi
Unexpected Benefits for Accountants 70
Worldwide Reforms 71
International Organizations 75
Partn. Some Specific Issues Facing
Accounting and Auditing Practice
5. The Harmonization of Auditing Standards 83
International Self-Regulation by Large Firms 86
Even Without the United States, More Countries Adopt
International Audit Standards 87
Meaning of Adoption of International Auditing Standards 89
U.S. and International Auditing Standards 90
Problems on the Convergence Path 93
6. Independence as a Growing Problem for Accounting Firms 100
SEC s versus Firms View of Independence 102
Independence Standards Board Too Late
to Avoid Sarbanes-Oxley 104
SEC Independence Rules After Sarbanes-Oxley 108
AICPA Compared to SEC Independence Rules 113
EU Auditor Independence 113
Comparison of U.S. and EU Approaches 134
Public Companies as Owners of Public Accounting Firms 134
7. The Firms and Locational Adjustments
in the Global Financial System 137
Adjustments to the Arthur Andersen Collapse 138
Market Changes Caused by Reform Legislation 141
Concentration in the Market for Large Public
Corporation Audits 145
Geographical Expansion 150
8. The Impact of the Internet and Improving
Communications Systems 156
Internet Productivity Gains, Cost Reductions 157
Public Accountant Use of the Internet 162
XBRL on the Horizon 169
Financial Statements on the Internet 179
vii
Part III. The Firms in the New Global Environment
9. Firm Effectiveness in the Face of Emerging Accounting
and Auditing Standards 187
Accountants Adjust and Are in High Demand 189
Firms of All Sizes Gain 193
Accounting Fees and Salaries Rising 196
Accountants in Short Supply 197
Sarbanes-Oxley Section 404 Is Controversial 198
Private Companies Adopt Sarbanes-Oxley Procedures 201
Accountants Favor Sarbanes-Oxley and PCAOB 205
The SEC Assesses Public Accounting and Looks
to the Future 207
10. The Firms and the Practical Issues of Adjustment
in the Global Economy 211
Concentration of the Market for Large Company Audits 212
Restatements on the Rise 215
Auditor Liability a Major Hurdle 218
Engagement Letter Contract Provisions May Reduce
Litigation Costs 223
Peer Reviews 226
The Case for Peer Review Results Transparency 233
Problems Difficult but Not Insurmountable 236
References 237
Index 249
About the Authors 259
|
| adam_txt |
Contents
Introduction ix
Part I. The General Frame of Reference
1. Accounting and Auditing Standards as Operating
Parameters in the Global Economy 3
Accounting and Auditing Failures Unique
in Financial History 7
Andersen Failed to Follow Professional Standards 14
Consulting Became an Overriding Concern 17
Rise and Demise of Self-Regulation
of Public Company Auditors 20
2. Overview of Accounting Standards in the Global Economy 24
International Accounting Standards in Transition 27
Convergence to International Accounting Standards 30
Europe Adopts International Standards 35
3. The Role of Auditing Standards 39
Improved Audit Standards Needed to Restore
Public Confidence 41
Structural Weaknesses in Financial Reporting 43
Improving Systemic Weaknesses 46
4. Changing Realities in the Sarbanes-Oxley Era • 54
Sarbanes-Oxley Act Provisions 55
Benefits and Costs of Sarbanes-Oxley Compliance 64
Opposition to Sarbanes-Oxley 69
V
vi
Unexpected Benefits for Accountants 70
Worldwide Reforms 71
International Organizations 75
Partn. Some Specific Issues Facing
Accounting and Auditing Practice
5. The Harmonization of Auditing Standards 83
International Self-Regulation by Large Firms 86
Even Without the United States, More Countries Adopt
International Audit Standards 87
Meaning of Adoption of International Auditing Standards 89
U.S. and International Auditing Standards 90
Problems on the Convergence Path 93
6. Independence as a Growing Problem for Accounting Firms 100
SEC's versus Firms' View of Independence 102
Independence Standards Board Too Late
to Avoid Sarbanes-Oxley 104
SEC Independence Rules After Sarbanes-Oxley 108
AICPA Compared to SEC Independence Rules 113
EU Auditor Independence 113
Comparison of U.S. and EU Approaches 134
Public Companies as Owners of Public Accounting Firms 134
7. The Firms and Locational Adjustments
in the Global Financial System 137
Adjustments to the Arthur Andersen Collapse 138
Market Changes Caused by Reform Legislation 141
Concentration in the Market for Large Public
Corporation Audits 145
Geographical Expansion 150
8. The Impact of the Internet and Improving
Communications Systems 156
Internet Productivity Gains, Cost Reductions 157
Public Accountant Use of the Internet 162
XBRL on the Horizon 169
Financial Statements on the Internet 179
vii
Part III. The Firms in the New Global Environment
9. Firm Effectiveness in the Face of Emerging Accounting
and Auditing Standards 187
Accountants Adjust and Are in High Demand 189
Firms of All Sizes Gain 193
Accounting Fees and Salaries Rising 196
Accountants in Short Supply 197
Sarbanes-Oxley Section 404 Is Controversial 198
Private Companies Adopt Sarbanes-Oxley Procedures 201
Accountants Favor Sarbanes-Oxley and PCAOB 205
The SEC Assesses Public Accounting and Looks
to the Future 207
10. The Firms and the Practical Issues of Adjustment
in the Global Economy 211
Concentration of the Market for Large Company Audits 212
Restatements on the Rise 215
Auditor Liability a Major Hurdle 218
Engagement Letter Contract Provisions May Reduce
Litigation Costs 223
Peer Reviews 226
The Case for Peer Review Results Transparency 233
Problems Difficult but Not Insurmountable 236
References 237
Index 249
About the Authors 259 |
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| spelling | Garner, Don E. Verfasser aut Accounting and the global economy after Sarbanes-Oxley Don E. Garner, David L. McKee, Yosra AbuAmara McKee Armonk, N.Y. [u.a.] Sharpe 2008 XII, 258 S. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index United States Sarbanes-Oxley Act of 2002 International Accounting Standard 12 (DE-588)7567999-1 gnd rswk-swf International Standards on Auditing (DE-588)4490663-8 gnd rswk-swf Accounting gtt Algemene beginselen van behoorlijk bestuur gtt Internationalisatie gtt Globalisierung Weltwirtschaft Corporations Accounting Standards Corporations Auditing Standards International economic relations USA International Accounting Standard 12 (DE-588)7567999-1 u International Standards on Auditing (DE-588)4490663-8 u DE-604 MacKee, David L. Verfasser aut MacKee, Yosra AbuAmara Verfasser aut http://www.loc.gov/catdir/toc/ecip0710/2007005349.html Table of contents only HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016084729&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Garner, Don E. MacKee, David L. MacKee, Yosra AbuAmara Accounting and the global economy after Sarbanes-Oxley United States Sarbanes-Oxley Act of 2002 International Accounting Standard 12 (DE-588)7567999-1 gnd International Standards on Auditing (DE-588)4490663-8 gnd Accounting gtt Algemene beginselen van behoorlijk bestuur gtt Internationalisatie gtt Globalisierung Weltwirtschaft Corporations Accounting Standards Corporations Auditing Standards International economic relations |
| subject_GND | (DE-588)7567999-1 (DE-588)4490663-8 |
| title | Accounting and the global economy after Sarbanes-Oxley |
| title_auth | Accounting and the global economy after Sarbanes-Oxley |
| title_exact_search | Accounting and the global economy after Sarbanes-Oxley |
| title_exact_search_txtP | Accounting and the global economy after Sarbanes-Oxley |
| title_full | Accounting and the global economy after Sarbanes-Oxley Don E. Garner, David L. McKee, Yosra AbuAmara McKee |
| title_fullStr | Accounting and the global economy after Sarbanes-Oxley Don E. Garner, David L. McKee, Yosra AbuAmara McKee |
| title_full_unstemmed | Accounting and the global economy after Sarbanes-Oxley Don E. Garner, David L. McKee, Yosra AbuAmara McKee |
| title_short | Accounting and the global economy after Sarbanes-Oxley |
| title_sort | accounting and the global economy after sarbanes oxley |
| topic | United States Sarbanes-Oxley Act of 2002 International Accounting Standard 12 (DE-588)7567999-1 gnd International Standards on Auditing (DE-588)4490663-8 gnd Accounting gtt Algemene beginselen van behoorlijk bestuur gtt Internationalisatie gtt Globalisierung Weltwirtschaft Corporations Accounting Standards Corporations Auditing Standards International economic relations |
| topic_facet | United States Sarbanes-Oxley Act of 2002 International Accounting Standard 12 International Standards on Auditing Accounting Algemene beginselen van behoorlijk bestuur Internationalisatie Globalisierung Weltwirtschaft Corporations Accounting Standards Corporations Auditing Standards International economic relations USA |
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