Apr'23

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Auditor's Moral Courage and Ethical Culture on Audit Quality: A Study
50
Quality of Sustainability Disclosure: Measurement and Its Relation to Audit Committee Attributes
50
Implications of Blockchain Accounting for Auditors: A Literature Review
50
Impact of Covid-19 on Stock Returns: An Event Study of G20 Countries
50
       
Contents : (Apr'23)

Auditor's Moral Courage and Ethical Culture on Audit Quality: A Study
Senda Wali and Rihab Bouhlel

The paper examines the impact of auditor's moral courage and Ethical Culture (EC) on audit quality using dysfunctional behaviors as a measure of audit quality. The study is based on a field survey of financial auditors employed by audit firms operating in Tunisia. The results show that Reduced Audit-Quality Practices (RAQP) occur less frequently when auditor's moral courage is strong, and there is no relationship between RAQP and EC. It also indicates that underreporting time has no connection with moral courage and EC. To the best of our knowledge, this is the first study exploring auditor's moral courage in audit firms, and examining EC in Tunisian audit firms.


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Article Price : Rs.50

Quality of Sustainability Disclosure: Measurement and Its Relation to Audit Committee Attributes
Chanpreet Kaur, Arshi Barin and Ritu Sapra

The changing business environment, following the climatic and resource distress caused by corporate houses that use a purely profit-making model, demands that the benefits and costs generated by an organization in the realm of their operations are scrutinized. Sustainability disclosures are explored using content analysis procedure. It has been found that the highest disclosed quality is that of community disclosures, followed by environmental, customer and employee-related disclosures. It has been found that the audit committee is an important dimension of governance, and an attempt has been made to study the various attributes of Audit Committees (AC) and their impact on the quality of disclosures. The analysis is based on three different industries, namely, pharmaceutical, automobiles, and fast-moving consumer goods. The data for the disclosures and AC attributes, such as size of the AC, number of independent members, number of meetings, and quorum of meetings are taken from the annual reports and sustainability reports of the companies. In order to assess the quality and manner of the occurrence of disclosures, descriptive analysis, using simple averages, frequencies, mode, and ranking, is carried out, in addition to content analysis. Regression Analysis is used to find out the relationship between social disclosure and AC attributes. The results reveal that maximum disclosures are related to community aspects and that there is an unfavorable impact of AC attributes on social disclosures.


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Article Price : Rs.50

Implications of Blockchain Accounting for Auditors: A Literature Review
Parul Dashora and Shurveer S Bhanawat

Adoption of blockchain technology by accounting firms and their clients will disrupt the accounting industry by greatly reducing the time and skill needed to perform a quality audit. Blockchain may eliminate the need for financial statement audits altogether. It is a peer-to-peer hosted public ledger that does not require a central authority to support or verify transactions, and is unalterable in future. The paper examines the implications of blockchain technology for auditing profession by reviewing the relevant literature. The study concludes that blockchain would impact some aspects of business operations by the end of the decade. Auditors need, at a minimum, an idea of how the technology operates in order to properly assess internal controls and understand the client's business. This will lend itself to higher quality audits. Auditors and accountants also need to pay close attention to and work with regulation around the technology. This will have an impact on how both auditors and their clients use blockchain, and how influential Distributed Ledger Technology (DLT) will be.


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Article Price : Rs.50

Impact of Covid-19 on Stock Returns: An Event Study of G20 Countries
Meenu Maheshwari and Rupali Loke

Research on the impact of Covid-19 pandemic on stock returns has recently gained momentum. The stock exchanges are the heart of an economy, because they reflect the financial health of the countries. The stock markets world over crashed due to the instability caused by the pandemic, which reduced the confidence of investors. The paper investigates the impact of Covid-19 on the stock returns of G20 countries, using event study methodology. The study uses 60 days window period and 120 days estimation window period from the official announcement of Covid-19 first case (event). Among the 20 indices tested, only Nifty shows statistically significant negative abnormal returns, and the findings differ from country to country. Some G20 countries show statistically significant positive abnormal returns.


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Article Price : Rs.50