2023年全國碩士研究生考試考研英語一試題真題（含答案詳解+作文范文）_第1頁
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1、外文翻譯ManagementAttemptstoAvoidAccountingDisclosureOversight:TheEffectsofTrustKnowledgeonCpateDirects’GovernanceAbilityMaterialSource:JournalofBusinessEhics（2008）83：193205Auth:AnnaM.RoseJacobM.RoseABSTRACT.Managementhasthe

2、opptunitytopromoteselfservingaccountingpracticessuchasearningsmanagementwhenmanagementcaneffectivelyavoidoversightbytheauditcommittee.Thisarticleinvestigatestheeffectsoffinancialknowledgedispositionaltrustontheabilityofa

3、uditcommitteememberstorecognizemanagementattemptstoavoidfulldisclosuretotheboardpotentiallydeceiveboardmembers.Theresultsofacontrolledlabatyexperimentwith40experiencedauditcommitteememberparticipantsindicatethat:(1)Audit

4、committeememberswithlessfinancialknowledgearemelikelytoacceptinsufficientclientexplanationsfaccountingjudgmentsthanaremeknowledgeableauditcommitteemembers(2)Auditcommitteememberswithlessfinancialknowledgearemelikelytorej

5、ectsufficientclientexplanationsfaccountingjudgmentsthanaremeknowledgeableauditcommitteemembers(3)Auditcommitteemembersthatplacehigherlevelsoftrustinothersaremelikelytoacceptinsufficientclientexplanationsfaccountingjudgme

6、ntsthanarelesstrustingcommitteemembers.IntroductionThisstudyemploysanexperimentwithhighlyexperiencedcpatedirectswhoserveonauditcommitteestosystematicallyexaminethefactsthatdeterminetheeffectivenessofdirectsinpromotingacc

7、uratereliableaccountingdisclosures.Membersoftheauditcommitteeoftheboardofdirectsarespecificallygedwiththeoversightoffinancialrepting.Howeverauditcommitteemembershaveoftenfailedtoprotectshareholdersbyinadequatelymonitingc

8、ontrollingtheaccountingjudgmentsmadebymanagement(seee.g.Powersetal.2002Rosen2003).AlonglistofrecentcpatefailuresrevenuerestatementsindicatesthatmanagershaveoftenengagedinearningsTheSarbanesOxleyActrequiresthatfirmsdisclo

9、sewhethernotatleastoneauditcommitteememberisafinancialexpertbuttheActdoesnotactuallyrequireafinancialexpertitdoesnotsetfinancialliteracyrequirementsfallmembers(SarbanesOxleyAct2002).Section303A.07oftheNYSE’smanualindicat

10、esthatallauditcommitteemembersmustbefinanciallyknowledgeablebutboardshavethediscretiontodefine‘‘financiallyknowledgeable’’(NYSE2003).TheexperimentdescribedhereintakesplaceafterthepassageofSOXthenewstockexchangelistingreq

11、uirements.Asaresulttheparticipantsintheexperimentare‘‘financiallyknowledgeable’’auditcommitteemembers.Thisresearchdirectlymeasuresthefinancialliteracyofauditcommitteemembersexaminestheeffectsofthisknowledgeoncommitteemem

12、bers’judgmentsregardingthesufficiencyofmanagementexplanationsfaccountingjudgments.Sparseresearchhasexaminedtheeffectsoffinancialknowledgeonauditcommitteejudgmentsdecisionmakingprocessesoutsideofempiricalstudiesoftheeffec

13、tsofthepresenceoffinancialexpertsonauditcommittees.Recentauditresearchalsosuggeststhatauditcommitteemembers’trustmayplayacentralroleinthecommittee’soversightfunction.Experimentalevidenceindicatesthattrustisasignificantde

14、terminantofaudits’judgmentsevidenceevaluationprocessesitfollowsthattrustwillalsoinfluenceauditcommitteejudgments(RoseRose2003Rose2007).Decisionmakersthattrustthesourceofinfmationaremelikelytosupptthesourceaccepttheinfmat

15、ionasaccuratereliable(ersonetal.1994BirnbaumStegner1979Hirst1994Schul1993).Asaresulttrustcanplayacriticalroleinevaluationsofmanagementexplanationsfaccountingjudgments.Ifauditcommitteememberswithhighlevelsofdispositionalt

16、rustplaceexcessivefaithinmanagementitmaybenecessarytomakeexplicitstrongsituationalindicatsofmanagementcredibilityavailabletoauditcommitteemembers.Managementmighthavemecapacitytoactinitsowninterestspromoteinaccuratefinanc

17、ialreptingwhendirectspossessexcessivelevelsoftrustinothers.Theeffectsofknowledgetrustonauditcommitteejudgmentswereinvestigatedusingalabatyexperimentwith40highlyexperiencedauditcommitteemembers.Theresultsfromtheexperiment

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