Preparers and the financial reporting system

McVay, Sarah E.; Szerwo, Brandon

doi:10.1080/00014788.2021.1932257

Cited by 6 publications

(4 citation statements)

References 185 publications

(198 reference statements)

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“…A study of Chinese share markets demonstrates that high-quality accounting information can reduce information asymmetry and promote foreign investments [1]. Moreover, agency problems may arise when managers intend to use their information advantage to work for their own interest by incorporating some noises into the financial reports to benefit themselves, such as misrepresenting earnings to obtain high personal compensation [2,3].…”

Section: Background Of Financial Statement Analysismentioning

confidence: 99%

Financial statements analysis on Pfizer

Wang

2024

SHS Web Conf.

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Financial reporting is a snapshot of the business activities and financial status of companies and is widely used for various purposes by different stakeholders, including insiders and outsiders of the company. The quality and relevance of the financial reporting made by the company’s managers with mixed incentives largely influenced investment decision-making, resulting in information asymmetry in the capital market. The financial statement analysis (FSA) plays an important part to mitigate the information gap and assists investors in making unbiased investment decisions, which consists of four parts: business strategy analysis, accounting analysis, financial analysis and prospective analysis. This paper analyses inside information from Pfizer Inc. using FSA based on the financial reporting from the financial year of 2019 to 2022 (FY2019 to FY2022) in conjunction with other supplement materials. This paper finds Pfizer primarily takes the product differentiation strategy as its key profit driver, and the related accounting policies and estimations generally reflect the economic reality. The short-term liquidity of Pfizer should be enhanced, and the firm’s market value is overvalued compared to its intrinsic value on December 20, 2022.

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Section: Background Of Financial Statement Analysismentioning

confidence: 99%

Financial statements analysis on Pfizer

Wang

2024

SHS Web Conf.

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“…Given this interconnection, structural theorists argue that crime is socially constructed and, as such, macro-level variables must be incorporated into the explanation. The emphasis on macro-level fraud analyses focuses on audit prevention and intervention efforts into the various realities of organizational and structural life (McVay & Szerwo, 2021;Morales et al, 2014;Powers, 2103). This method of preventing and detecting fraud creates a new risk category known as ''fraud risk'' (Power, 2013).…”

Section: Organizational Surveillancementioning

confidence: 99%

“…The conceptualization of fraud and fraud risks is articulated within narrow limits concerning the type and range of responses reasonably appropriate by standard setters (Camfferman & Wielhouwer, 2019; Dorminey et al, 2012; Nieschwietz et al, 2000; Power, 2013). These limits focus reform efforts on internal and audit controls designed around individuals’ moral defects and the internal control weaknesses of the organizations (Davis & Pesch, 2013; Dilla & Raschke, 2015; Gabbioneta et al, 2013 ; McVay & Szerwo, 2021; Morales et al, 2014; Wilks & Zimbelman, 2004). The outcome is that fraud is seen as a by-product of the risks inherent in a well-functioning system that can be addressed with audit analytics strategies as the normal treatment of reform (Fulop et al, 2019; Neu, Everett, Rahaman, & Martinez, 2013; Norman et al, 2010; Ramamoorti, 2008).…”

Section: The Audit Response: Fraud Prevention Strategiesmentioning

confidence: 99%

Two Decades of Accounting Fraud Research: The Missing Meso-Level Analysis

Lokanan,

Sharma

2023

Sage Open

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Drawing on an analysis of 208 articles, this paper argues that while the fraud literature varies on the diagnosis of fraud, it is rooted in a common narrative as to its nature and causes. Specifically, this paper adopts an investigative approach to understand how fraud is often researched and shapes audit policies and practices. The findings reveal that fraud is generally looked at as an individual and/or organizational phenomenon, thereby allowing the meso-level of analysis to escape scrutiny. A gap, therefore, exists in being able to detect fraud at the meso-level, such as in financial services (i.e., LIBOR rigging). A meso-level analysis of fraud will allow researchers to highlight problems across the general field like the banks rigging the LIBOR or distorting the currency market as in the forex scandal. A meso-level analysis of fraud is important because it highlights the contagious behavior across the field and offers insights for fraud prevention and detection. Recognizing this unique epistemology will allow researchers to uncover new knowledge and not remain wedded to a reified understanding of fraud and fraud risks. Policymakers can derive insights and draft policies that reflect practitioners’ needs.

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“…One of the efforts that the government can make in eradicating corruption is through quality financial management that refers to/guided by Government Accounting Standards (SAP) (Jaff et al, 2021;Muda et al, 2018;Sujana et al, 2020). Quality financial management will also produce quality government financial reports (McVay & Szerwo, 2021). According to ( Arifuddin et al, 2021), quality government financial reports can be measured by audit opinions because audit results are assumed to be complete, accurate, and unbiased (Arakelova, 2020).…”

Section: Introductionmentioning

confidence: 99%

The effect of the quality of local government financial reports on corruption moderated with the audit findings

Aminah¹

2022

EA-XXI

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The study examines the effect of the Quality of Local Government Financial Reports (LKPD) on corruption moderated by audit findings. The study was conducted on all provincial governments in Indonesia. Corruption is measured by data on corruption cases in the Attorney General’s Office. The audit findings are evaluated using weaknesses in the Information Control System (SPI) and discoveries of non-compliance with laws and regulations. This research use data regression, model testing, hypothesis testing, and coefficient of determination. The results reveal that the LKPD’s quality had a negative and significant impact on corruption. This analysis states that if the quality of LKPD increases by 1%, corruption will decrease by 0.80%. The audit findings strengthen the relationship between the quality of LKPD on corruption. This finding supports the agency theory and stewardship theory. Therefore, the provincial government should improve the quality of LKPD to minimize audit findings and corruption.

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Preparers and the financial reporting system

Cited by 6 publications

References 185 publications

Financial statements analysis on Pfizer

Financial statements analysis on Pfizer

Two Decades of Accounting Fraud Research: The Missing Meso-Level Analysis

The effect of the quality of local government financial reports on corruption moderated with the audit findings

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