What Do Auditor's Reports on Internal Control Tell Us About IT Control Weaknesses in Financial Reporting Systems?

Boritz, J. Efrim; Hayes, Louise; Lim, Joon S.

doi:10.2139/ssrn.1532024

Cited by 7 publications

(4 citation statements)

References 11 publications

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“…The studies find that ICWs are positively associated with business complexity and negatively associated with firm size, profitability, and quality of corporate governance (Ashbaugh-Skaife et al, 2006;Doyle et al, 2007b;Ge & McVay, 2005). In addition, IT control weaknesses are associated with various non-IT control weaknesses and firm characteristics such as firm size, industry, and governance structure (Boritz et al, 2010).…”

Section: Literature On Icwsmentioning

confidence: 99%

“…Consistent with Li et al (2007), the last column shows that the magnitude of the coefficient on ITW is much larger than that of Non_ITW, where both ITW and Non_ITW are significantly and positively associated with Late at less than 1% level. Boritz et al (2010) also document that many firms are not likely to identify IT weaknesses unless the control problems cause an application control failure.…”

Section: The Association Between the Use Of Grace Period And Icwmentioning

confidence: 99%

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XBRL Mandate and Timeliness of Financial Reporting: The Effect of Internal Control Problems

Hwang

Kim

2020

Journal of Accounting, Auditing & Finance

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Extensible Business Reporting Language (XBRL) is intended to make analysis easier and faster by enhancing the exchange of financial information. Such benefits from this global reporting standard would stem from more timely, accurate, and transparent financial reporting. This article investigates whether internal control weaknesses (ICWs) in firms have an impact on the timeliness of financial reporting in XBRL format. The results of our analyses show that the filing lags of firms with ICWs are longer than those of firms without ICWs for their first detail tagged XBRL disclosure. The results also reveal that firms with ICWs are more likely to use the grace period in their initial XBRL disclosures. The length of the grace period used by firms with ICWs is longer than that of firms without ICWs. Furthermore, our additional analyses reveal that the XBRL mandate has affected firms’ filing behaviors differently depending on firm characteristics such as firm size. Overall, our findings indicate that the impact of ICWs on the timeliness of financial reporting is greater under the mandated XBRL disclosure.

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Section: Literature On Icwsmentioning

confidence: 99%

Section: The Association Between the Use Of Grace Period And Icwmentioning

confidence: 99%

XBRL Mandate and Timeliness of Financial Reporting: The Effect of Internal Control Problems

Hwang

Kim

2020

Journal of Accounting, Auditing & Finance

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“…The limitations are as follows. Manual coding is not very transparent, as opposed to automated coding following simple phrase or keyword identification processes; nor is it as consistent, because of fatigue, varying focus, and attention during the process and possible personal bias (Boritz et al 2012;Morris 1994). A limitation that applies to management and finance research is that there is so far no specialized coding system (such as the Gottschalk-Gleser (1969) method in psychology).…”

Section: Use Of Manual Content Analysismentioning

confidence: 99%

Sources of Stakeholder Salience in the Responsible Investment Movement: Why Do Investors Sign the Principles for Responsible Investment?

2016

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Since its inception in 2006, the United Nationsbacked Principles for Responsible Investment (PRI) have grown to over 1300 signatories representing over $45 trillion. This growth is not slowing down. In this paper, we argue that there is a set of attributes which make the PRI salient as a stakeholder and its claim to sign the six PRI important to institutional investors. We use Mitchell et al.'s (Acad Manag Rev 22:853-886, 1997) theoretical framework of stakeholder salience, as extended by Gifford (J Bus Eth 92:79-97, 2010). We use as evidence confidential data from the annual survey of signatories carried out by the PRI in a 5-year period between 2007 and 2011. The findings highlight pragmatic and organizational legitimacy, normative and utilitarian power, and management values as the attributes that contribute most to the salience of the PRI as a stakeholder. Keywords Stakeholder salience theory Á Principles for responsible investment Á PRI Á UNPRI Á Responsible investment Á Socially responsible investment Á Stakeholder theory JEL Classifications A01 Á G00 Á G1 Á G02

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“…Audit internal adalah bagian dari GCG dan mencakup pemantauan yang tepat, etika bisnis, independensi, pengungkapan informasi yang akurat dan tepat waktu, akuntabilitas semua pihak yang terlibat dalam proses, manajemen bisnis, dan kewaspadaan jika terjadi pelanggaran. Ini berisi mekanisme pelacakan pertama (Boritz et al, 2012).…”

Section: Pendahuluanunclassified

Audit Internal, Pengendalian Internal, Dan Gaya Kepemimpinan Dalam Menjaga Ketahanan Good Corporate Governance (Gcg)

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et al. 2022

j.ab

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This study was conducted by locating Village Credit Institutions (LPD) in Blahbatuh District, The respondents selected in this study were the Head of the Village Credit Institution (LPD), the Village Credit Institution Supervisory Agency (LPD), and the credit department staff, so that 102 respondents were obtained from 36 Village Credit Institutions (LPD) Blahbatuh District, Gianyar. The analytical are used in this study is using SPSS for multiple regression analysis. the following conclusions can be drawn. shows that all proposed hypotheses are obtained with positive values and there is a significant effect

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What Do Auditor's Reports on Internal Control Tell Us About IT Control Weaknesses in Financial Reporting Systems?

Cited by 7 publications

References 11 publications

XBRL Mandate and Timeliness of Financial Reporting: The Effect of Internal Control Problems

XBRL Mandate and Timeliness of Financial Reporting: The Effect of Internal Control Problems

Sources of Stakeholder Salience in the Responsible Investment Movement: Why Do Investors Sign the Principles for Responsible Investment?

Audit Internal, Pengendalian Internal, Dan Gaya Kepemimpinan Dalam Menjaga Ketahanan Good Corporate Governance (Gcg)

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