Browsing by Author "Karim, Waresul"
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Item Restricted ACCY231: Accounting: Financial Accounting(Victoria University of Wellington, 2008) Karim, WaresulItem Restricted ACCY306: Accounting: Financial Statement Analysis(Victoria University of Wellington, 2013) Karim, WaresulItem Restricted ACCY309: Accounting: International Accounting Topics(Victoria University of Wellington, 2011) Karim, WaresulItem Open Access Auditor Independence and NAS: a Comparative Analysis of Selected Current Regulatory Frameworks(Te Herenga Waka—Victoria University of Wellington, 2005) Islam, Ainul; van Zijl, Tony; Karim, WaresulThere is a widespread public perception that the provision of NAS undermines auditor independence. In order to protect auditor independence, the regulatory frameworks of many countries include regulations and guidelines which auditors are required to observe. This paper provides a comparative analysis of selected regulatory frameworks. Regulatory frameworks, with respect to independence, make distinctions between independence of mind and in appearance. It is clear from the analysis of the frameworks that the provision of NAS can threaten both independence of mind and in appearance. There are some NAS for which no safeguard seem to be adequate and which are therefore subject to prohibition. On the other hand, for some nonaudit services the threats are not so clearcut, and auditors are then required to apply professional judgment so that the seriousness of the threats is balanced against the effectiveness of specified safeguards.Item Open Access Provision of NAS and Auditor Independence: an Analysis Using Informativeness of Earnings(Te Herenga Waka—Victoria University of Wellington, 2005) Khaled, Mohammed; Islam, Ainul; van Zijl, Tony; Karim, WaresulEconometric analysis – using panel data methods – of data on securities traded on the Dhaka Stock Exchange, Bangladesh, over the period 1995-99 indicates that audit quality may not necessarily increase with auditor size. However, choice of a large auditor does seem to alleviate any negative impact of nonaudit services on the confidence of investors. A lesson from this seems to be that companies requiring a relatively large amount of nonaudit services from their auditor should find it worthwhile to hire a big audit firm albeit with a fee premium. Another interesting result is that companies declaring negative earnings do not appear to suffer any detriment to their share returns as the link between earnings and returns is significantly weakened when announced earnings are negative.