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Currently, auditors either approve statements or they don't, but do not offer any opinions on the relative quality of accounting choices.
The research concluded with several recommendations for educators and administrators at ASs to improve quality of accounting education in relation to help achieve students' success.
We study the effects of regulating the timing of disclosure on the quality of accounting information, using a 2003 US regulatory change that accelerates 10-K filing deadlines as a research setting.
The influence of some of the control variables in improving the quality of accounting information is also significant.
The proxy we used to measure the improvement in the quality of accounting information was the disappearance of avoidable qualifications in the audit report.
The results obtained suggest that: (a) compulsory ACs are more effective than voluntary ones; (b) ACs with a higher proportion of independent members do not lead to greater improvements in the quality of accounting information; and (c) the number of meetings of the AC is directly related to improvements in the quality of accounting information.
Similar(41)
Nobody cares much about the quality of accounts during a bull market.
Few investors worry about the quality of accounts during a bull market.
Even FASB officials admit that this would greatly improve the quality of accounts in much of the world and thus protect the increasing number of Americans whose money is invested internationally.
Even then, the reason was more likely to be the expectation of lawsuits and the high cost of switching auditors than suspicions over the quality of accounts.A new study* by Theodore Eisenberg and Jonathan Macey, two law professors at Cornell University, supplies a possible answer.
With regard to long-term consequences of SEC comment letters, we examine two measures of accounting quality related to the M&A deal: goodwill impairments and restatements.
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