Journal of Contemporary Issues in Business Research

ISSN 2305-8277
Table of Contents: Vol. 2, Issue No. 4, July 2013 Table of Contents: Vol. 2, Issue No. 4, July 2013

Research Articles

Internal Auditing and Real Earnings Management

Author(s): Arnold Schneider

Abstract: This study examines whether the presence and strength of internal auditing affect real earnings management behavior. In an experiment using the randomized response technique, 112 MBA students made decisions pertaining to earnings improvement involving overproduction to reduce cost of sales. Participants were assigned to one of three internal audit treatment groups – no internal auditing, weak internal auditing, or strong internal auditing. Results indicate that the effects of internal auditing on overproduction decisions were in the hypothesized direction and statistically significant. While the presence of internal auditing had a significant deterrent effect on overproducing, the effects of internal audit strength are mixed. For a reduced sample, the stronger internal audit function had a greater deterrent effect, but for the full sample this deterrent effect was not statistically significantly different between the strong and weak internal audit groups.

[Compelete Article-pdf]   [pp: 97-108]   Article first published online: May 2013

NFPA 85 Compliances of BMS: A Case Study of “Boiler Control” at “SBM Offshore Malaysia” Company

Author(s): Ahmed Abouelrish and Judi Soetjahjo

Abstract: Boilers are used in industrial facilities to generate electricity. Many hazards can occur on the boiler and affect boiler operational performance. Boiler hazards might cause explosions, injuries and death within unsafe conditions. It is vital to analyse hazards and take some precautionary steps to minimize boiler hazards. This paper outlines boiler hazards and safety control methods which verify the requirements of international standards and safety regulations as NFPA and ASME to be checked on Burner Management System and safety requirements to be developed. The paper presents safe arrangement of boiler components in a simple design to achieve functional safety requirements.

Keywords: Boiler; Burner Management System (BMS); National Fire Protection Association 85 series (NFPA 85); Master Fuel Trip (MFT); Furnace & igniter; American Society of Mechanical Engineers (ASME).

[Compelete Article-pdf]   [pp: 109-123]   Article first published online: May 2013

The Association between Firm-Specific Characteristics and Corporate Disclosure: Evidence from Pakistan

Author(s): Bilal , Sumaira Tufail, Javaria Khan, Ali Abbas & Affan Saeed

Abstract: This study explored the association among firm-specific characteristics and corporate disclosure level in Pakistan. For exploring this association latest data of 227 manufacturing companies of Pakistan in 2012 is collected. Two most recommended cross sectional data analysis techniques Correlation and Multiple regression analysis are used in order to investigate this relationship. In order to obtained robust results of regression analysis, diagnostic tests are applied. These tests detect multicollinearty and heteroskdasticity assumptions of regression analysis. The finding of this study shows that firm characteristics; profitability and auditor size have positive and significant relationship with corporate disclosure. This study can be very helpful for the managers in making decisions about giving corporate disclosure in annual reports. According to author’s knowledge, this study is conducted first time in Pakistan to explore the corporate disclosure.

Keywords: Corporate disclosure; manufacturing companies; Karachi Stock exchange; Annual report; Pakistan.

[Compelete Article-pdf]   [pp: 124-134]   Article first published online: May 2013

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