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In the past literature, inconsistencies of the results were found in relation to the with regard to the impact on auditors’ report (AR) and earnings persistence (EP). Similarly, less literature was able to find which examined the significance of the relationship between each type of five main categories of AR on EP and there is a doubt whether the users pay adequate attention to the AR when they are making decisions. Hence, the purpose of this paper is to examine the impact of different types of AR on EP of listed entities in Sri Lanka from 2012 to 2018. The study used descriptive statistics and a multiple panel regression model with the support of the literature. The findings showed significantly less EP with regard to DAR and no significant impacts werefound with respect to the other ARs. Overall, this analysis concludes that there is an intrinsic value in the auditors’ report and it has an informative value to the investors in Sri Lankan context. Modifications to AR indicate different degrees of concerns in companies which subsequently has an impact on EP. Thus, regulatory bodies and policymakers in Sri Lanka should highlight the importance of using AR. Further individual audit firms must also be more aware of the reputation risk and more effort on delivering appropriate AR to provide a better picture regarding the client organization.

Keywords: Auditor’s Report (AR), Earnings Persistence (EP), Sri Lanka, Audit Modification

To cite this paper:

Yashodha Madhavi Hewage and Tharindu Chamara Ediriwickrama (2022). The Effect of Auditors’ Report on Earnings Persistence: Evidence from Listed Entities of Sri Lanka . International Journal of Auditing and Accounting Studies. 4(1), 1-20.

The purpose of this study is to test the influence of ownership concentration on the market value indicators of the financial institutions listed on the Palestine Stock Exchange, over the period 2010-2019. The research was applied to a sample of 13 Palestinian financial institutions, listed on the Palestinian Security Exchange during the research period. Market value indicators are measured through, the market value of the share. The market value of net profit, Tobin’s Q ratio, and market value added. Also, the research tests the impact of ownership concentration on agency cost.

Ownership Concentration is measured through forth subvariables, including, family ownership, administrative ownership, institutional ownership, and foreign ownership. By employing multivariate regression models for panel data, balanced, with fixed effects, the results show a positive influence of concentrated ownership through family ownership, administrative ownership, institutional ownership, and foreign ownership on the market value of the share, Tobin’s Q ratio, and market value added. And there is a statistically significant effect of concentrated ownership on agency costs of financial institutions listed on the Palestine Stock Exchange.

Keywords: Concentrated Ownership, Market Value Indicators, Agency Costs, Financial Institutions.

To cite this paper:

Jameel Hassan Al-Najjar (2022). The Impact of Concentrated Ownership on Market Value Indicators and Agency Costs in Financial Institutions listed on the Palestine Stock Exchange. International Journal of Auditing and Accounting Studies. 4(1), 21-45.

This study aims at examining the effect of the chief executive officer’s (CEO) narcissism on the corporate tax sheltering and firm value. It uses a dataset of 267 firmyears observations with a time frame from 2014 until 2019. Ordinary Least Squared (OLS) regression and Feasible Generalized Least Square (FGLS) regression are used to test the hypotheses. Contrary to expectations, the results reveal that there is insignificant negative relationship between CEO narcissism and corporate tax sheltering and consistent with expectations, the results show that CEO narcissism is positively affecting the firm value. The findings contribute to the literature on the corporate tax sheltering and CEOs’ personality characteristics which may affect corporate tax policies and strategies. However, the findings indicated that there is no significant association between CEO narcissism and measures of corporate tax sheltering, CETR, and GETR. This indicates that narcissistic CEOs at Egyptian firms have no impact on the corporate tax strategies. This study contributes to the social and accounting literature by providing empirical evidence on how CEO narcissism can influence the corporate tax sheltering and firm value in the Egyptian settings.

Keywords: CEO Narcissism, Corporate Tax Sheltering, Firm Value, EGX, Egypt.

To cite this paper:

Tariq H. Ismail & Heba H. Megahed (2022). Corporate Tax Sheltering and Firm Value: Does CEO Narcissism Matter in Egyptian Setting? International Journal of Auditing and Accounting Studies. 4(1), 47-74.

This study aims to explore the effect of the Covid-19 pandemic on the working capital of organisations in the telecommunications sector in Zimbabwe. The research was conducted against the background that some organisations were struggling to meet working capital needs due to continuous lockdowns which negatively affected organisations. The study was based on a sample of 78 respondents who were selected from four telecommunications organisations in the city of Bulawayo. The study was conducted using the descriptive design and questionnaires were used for collecting data. Data was analysed using SPSS 22.0. Standard deviations and mean values were used to present descriptive data while regression analysis was used to establish relationships between Covid-19 working practices and working capital elements. The study revealed that organisations had implemented HRM, financial, Marketing and operations management practices to a greater extent. Some of the practices implemented were not necessarily imposed by the government but as a response to the need for survival by the organisations themselves. The results revealed that Covid-19 working capital practices had a statistically significant effect on inventory and accounts receivable but did not have an effect on accounts payable and cash management. The study thus recommended contingency plans from companies to properly manage their working capital.

Keywords: Covid-19, Accounts Receivable, Accounts Payable, Cash Management, Inventory

To cite this paper:

Lovejoy Ncube & Fainos Chinjova (2022). The Effect of Covid-19 Pandemic on Working Capital Management of Companies in the Telecommunications Sector in Zimbabwe. International Journal of Auditing and Accounting Studies. 4(1), 75- 106.

Several companies around the world have recently collapsed, despite the presence of internal controls. This has raised questions about the significance, and power of internal control, especially when it comes to an organization’s organizational performance. The general objective of this research study was to examine the effects of internal control elements on the organizational performance of level-5 hospitals in Nairobi County, Kenya. The study was guided by specific objectives. A descriptive research design was used in this survey. The population of this study was 68 staff in the accounts/finance, administration, ICT and operations departments at the 3 level-5 public hospitals in Nairobi County (Mama Lucy Kibaki, Pumwani Maternity and Mbagathi District Hospital). The research used the census method where all 68 respondents were involved in the study. Data was collected using a questionnaire. The statistical package for social sciences (SPSS) was used to analyze the data. Descriptive statistics of percentages means, and frequency tables were used. The study established that control environment, risk management, information communication and monitoring activities have a positive and significant effect on the performance of level five public hospitals in Nairobi County. Control activities, on the other hand, had a negative and an insignificant effect on the performance of level five public hospitals.

Keywords: Control Activities, Control Environment, Information and Communication, Monitoring Activities, Organizational Performance, Risk Assessment

To cite this paper:

Ruth Jebungei Tuwei & Ibrahim Tirimba Ondabu (2022). Internal Control Elements and Organizational Performance: Evidence from the Level-5 Public Hospitals in Nairobi Country. International Journal of Auditing and Accounting Studies. 4(1), 107-142.

This study aims to investigate the effect of the financial crisis on the value relevance of published financial reports of listed real estate companies in Australia. Based on the earlier research, the study uses three accounting quality timely loss recognition and value relevance price model and value relevance return model to evaluate the value relevance of financial reports. The results of the study show that the financial crisis has not made any significant effect on the value relevance of financial reports of real estate companies. The result of timely loss recognition shows an increase in the frequency of reporting large losses in the postfinancial crisis period, but the improvement is not statistically significant to suggest a change in accounting quality. Value relevance measures that are founded on market information, on the other hand, show opposing results. Value relevance price modal shows a statistically significant decrease in value relevance and the return model shows a significant increase in value relevance and accounting quality. A close look into the result suggests that the measures based on the accounting information of the real estate sector show no change in the value relevance of financial reports, while the marketbased measures show a mixed result. The market value and related information are influenced by a number of factors other than the accounting standards and accounting policies like the economic, legal, and political environment of companies. This can be the reason for the mixed result shown in value relevance measures. Australian regulatory bodies are always vigilant in maintaining the quality of financial reports. Moreover, the findings that the financial crisis has not affected the value relevance of Australian listed real estate companies can be because of the quality financial standard used and a good regulatory system in Australia. The findings of the study that Australian real estate companies have maintained accounting quality even in periods of economic distress like financial crisisincreases investors’ confidence and can attract more foreigninvestors to Australian listed companies. The study also emphasises the importance of regulatory bodies in maintaining the quality of financial reports in bad economic periods.

Keywords: IFRS; accounting quality; financial crisis; real estate

To cite this paper:

Mathew Alappatt, Abey Philip and Anbalagan Krishnan (2022). The Impact of Financial Crisis on Value Relevance of Published Financial Reports of Listed Australia Real Estate Companies. International Journal of Auditing and Accounting Studies. 4(1), 143- 160.