Reviewers in the intervention group took significantly longer than controls over reports on papers eventually accepted (41 minutes, 95% CI 2.0 to 78.7), but the difference was smaller and non-significant for papers that they recommended accepting (22 minutes, 95% CI −7.5 to 52.2); that is, those for which reviews would more likely be posted online.
She also sees parallels to body cam reforms, which also implicate the public "but worse because the [use-of-force] reports are authored by the officers so they have complete control over the reports' content and we know they lie routinely".
That will put a particularly strong damper on options for people with hands-on control over financial reports, said Robert M. Bushman, an accounting professor at the Kenan-Flagler Business School of the University of North Carolina.
Furthermore, using wagers to measure awareness can potentially overcome problems of interpretation associated with a lack of control over subjective reports (Eriksen, 1960) and the motivation of a subject (cf. Visser & Merikle, 1999).
For example, for our smaller public companies, we will be taking a fresh look at the "accelerated filer" definition and the thresholds that trigger Section 404(b) of the Sarbanes-Oxley Act of 2002, which requires certain registrants to provide an auditor attestation report on internal control over financial reporting.
For instance, the former Comptroller General of the United States testified to Congress ''that expanding auditors' responsibilities to report on the effectiveness of internal control over financial reporting would assist auditors in assessing risks for the opportunity of fraudulent financial reporting..
They included requirements for greater board independence, increased audit committee responsibilities, codes of ethics covering company e financial officers, CEO certification of financial statements, an independent audit of a company's system of internal control over financial reporting, and more instances in which in-house counsel would have to report material violations to the SEC.
Regulators granted this exemption based on the expectation that it might not always be possible for a company and its auditors to complete an assessment of an acquired business's internal control over financial reporting in the period between the effective date of acquisition and the year-end reporting date.
§ 229.308 (Item 308) Internal control over financial reporting.
Management's assessment of effective internal control over financial reporting.
