Abstracts » Business

Effect of audit report disclosure on auditor litigation risk

Article Abstract:

A study examining the disclosures in audit report that make auditors susceptible to litigation risks is presented. The study suggests that if the going concern related matters is modified in audit report, the possibility of litigation comes down substantially. The same is not true for work practices related disclosures in the audit report. The implications of these results for auditing profession standard setters are discussed.

United Kingdom, Reports, Causes of, Auditors, Disclosure laws

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Effect of independent expert reports in Australian takeovers

Article Abstract:

According the Corporation Law 2001 an expert report is needed compulsorily when a bidder is perceived to have a superior bargaining position. In this context, a study taking in to consideration Eddey findings in this regard and rationalizing them on all bids irrespective of the payment method, is presented.

Usage, Letting of contracts, Competitive bidding, Business reports

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Impact of the Corporate Law Economic Reform Program Act 1999 on initial public offering prospectus earnings forecasts

Article Abstract:

A study examining the reasons for reduction of litigation risks from disclosure of earnings forecasts in prospectus of initial public offering, following the implementation of Corporate Law Economic Reform Program Act 1999 in Australia, is presented.

Forecasts, trends, outlooks, Financial Forecasting, Forecasting, Forecasts and trends, Market trend/market analysis, Corporation law, Going public (Securities), Initial public offerings, Company public offering, Business forecasting, Prospectuses

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