Improving Auditors＇ Going Concern Judgment by Applying Statistical Failure Models as an Analytical Procedure

The main goal of this research is to enhance the auditor＇s judgment ability in going concern opinion by applying bankruptcy prediction models as an analytical procedure. Data for this research have been collected through questionnaires. The statistical population consists of auditors who are members of Iranian Association of Certified Public Accountants （IACPA）. The research results reflect that： （1） Auditors do not use statistical techniques for assessing going concern as an analytical procedure; （2） Auditors do not use these techniques as a tool to decrease the bias of judgments in assessing the going concern assumption; （3） Auditors do not use statistical techniques to assess audit risk in the planning stage; （4） Auditors do not use statistical techniques to assess audit risk in the final stage. Furthermore this research shows that auditors believe that the ＂standard concerning usage of analytical procedures needs more clarification＂ and ＂statistical bankruptcy predication models can help auditors in the planning stage＂. The other goal of this research is to show different auditor＇s judgments in assessing the going concern opinion with and without applying the bankruptcy prediction models as an analytical procedure. The result shows that the judgment of auditors toward the going concern assumption has improved by using statistical bankruptcy predication models.

Thinking of Establishing Corporate Governance Model with Chinese Characteristics

After repeated comparison, we believe that the theory of building Chinese management system should be to stimulate innovation as a core, thus forming a complete Chinese enterprise culture, as well as business development and strategic choice as a means of enterprise organizational change management theories

A New Method to Evaluate the Corporation——Experimental Research on the Example of NetEase Company

Most of the Internet or e-commerce corporations have few earnings or even none. The traditional corporation valuation methods don not work well when encountering these types of corporations. Just in these backgrounds, a new method called CVBC model is brought forward to evaluate these types of corporations in our article, which is based on the customer lifetime value. In essence, it extends the concept of customer lifetime value and combined with the traditional financial methods, then creates a new valuation method. It can work well to the corporations, which have been said before. The principle, mathematical model of the method and the effect of the practical application are discussed in detail.

Why Becoming a B Corp?A Discussion and Some Reflections

In the late 1980s,the prevailing corporate model usually depicted companies as economic entities pursuing shareholders’profit maximisation interests without a thought for the consequences of this behaviour on the local community and environment.However,over the last decades,corporate scandals challenged that corporate model’s validity and paved the way for a sustainable corporate model.The latter emphasises a triple bottom line approach that incorporates social,economic,and environmental objectives.By implementing a sustainable corporate model,companies achieve both economic and social goals in a balanced approach.This research investigates the B Corporation(B Corp)certification system,which helps companies implement a sustainable corporate model voluntarily.B Corp certification is a badge signal that companies’business model adheres to ethical standards and meets socially conscious stakeholders’expectations.Our research aims to provide a deep contextual understanding of the determinants and implications of the B Corp certification’s adoption.We adopt a semantic approach to review and systematise management and accounting literature on Certified B Corporations(B Corps)through institutional theory’s lenses,which help us explain why firms decide voluntarily to become B Corps.

An International Answer to Capturing Corporate Criminality

In the era of increased corporate globalization, the lingering principles of directing mind and will have plagued neighboring territories from manufacturing a realist model of corporate fault. It is of fundamental importance to combat transnational corporate activity from a world order perspective by establishing a legal regime which supports the philosophy that corruption becomes entrenched within the corporate culture. A culture that is indicative of corporate guilt. This paper will suggest that the corporate culture doctrine within the Australian Criminal Code Act 1995 is the first step in the courses of action required against the evolution of structurally complex corporate arrangements.

IT Governance： Trend of Chinese Corporate Governance

Now as IT is intrinsic and pervasive within Chinese enterprises, IT has been an integral part of the business and IT governance is becoming the trend of corporate governance. This paper builds a logic model of IT governance to help Chinese enterprises design effective IT governance. IT governance will play a more and more important role in Chinese corporate governance.