Standards for accounting and review services; Statement on standards for accounting and review services 11; Statement on standards for accounting and review services 11

https://egrove.olemiss.edu/aicpa_prof/1301/thumbnail.jp

Really responsive risk-based regulation

Regulators in a number of countries are increasingly developing "risk-based" strategies to manage their resources, and their reputations as "risk-based regulators" have become much lauded by regulatory reformers. This widespread endorsement of risk-based regulation, together with the experience of regulatory failure, prompts us to consider how risk-based regulators can attune the logics of risk analyses to the complex problems and the dynamics of regulation in practice. We argue, first, that regulators have to regulate in a way that is responsive to five elements: (1) regulated firms' behavior, attitude, and culture; (2) regulation's institutional environments; (3) interactions of regulatory controls; (4) regulatory performance; and (5) change. Secondly, we argue that the challenges of regulation to which regulators have to respond vary across the different regulatory tasks of detection, response development, enforcement, assessment, and modification. Using the "really responsive" framework, we highlight some of the strengths and limitations of using risk-based regulation to manage risk and uncertainty within the constraints that flow from practical circumstances and, indeed, from the framework of risk-based regulation itself. The need for a revised, more nuanced conception of risk-based regulation is stressed

From ‘rock stars’ to ‘hygiene factors’:teachers at private accountancy tuition providers

In this paper, we examine the role, status and autonomy of teachers at English private accountancy tuition providers from 1980 to the present. We argue that, during this period, teachers transformed from ‘rock stars’ who enjoyed significant status and autonomy over their work to ‘hygiene factors’ in a largely standardised and commodified teaching environment. Growing cost pressures on tuition providers and an increasing emphasis on the quality and consistency of the learning experience are identified as significant factors in this transformation. We discuss these findings with reference to current developments towards corporatisation and marketisation in the English higher education sector

Comment letters to the National Commission on Commission on Fraudulent Financial Reporting, 1987 (Treadway Commission) Vol. 2

https://egrove.olemiss.edu/aicpa_sop/1662/thumbnail.jp

Picking up the pieces and waiting for the world

tag=1 data=Picking up the pieces and waiting for the world tag=2 data=Australian Financial Review tag=3 data=Australian Financial Review tag=6 data=^d ^mJuly ^y1983 tag=8 data=FINANCE-FEDERAL tag=9 data=CHANTICLEER%THE WORLD%FOREIGN AFFAIRS%POLITICS%RETAIL BANKING%OPE'S CARTEL%US ECONOMY%SUMMIT SCENARIOS%SUMMIT REVISITED%WORLD BANKING%THE PACIFIC%MONEY MARKET%LABOR%ARCHITECTURE%PROPERTY%EUROPE%AGRICULTURE tag=15 data=JOU tag=32 data=KOHLER, ALAN%CLARK, DAVID%SNOW, DEBORAH%SUMMERS, ANNE%TINGLE, LAURA%JAY, CHRISTOPHER%KORPORAAL, GLENDA%WATERMAN, PETER%CAREW, EDNA%STUTCHBURY, MICHAEL%GOODFELLOW, ROBYN%GRANT-TAYLOR, TON

Heterogeneous Expectations and Bond Markets

This paper presents a dynamic equilibrium model of bond markets in which two groups of agents hold heterogeneous expectations about future economic conditions. The heterogeneous expectations cause agents to take speculative positions against each other and therefore generate endogenous relative wealth fluctuation. The relative wealth fluctuation amplifies asset price volatility and contributes to the time variation in bond premia. Our model shows that a modest amount of heterogeneous expectation can help explain several puzzling phenomena, including the "excessive volatility" of bond yields, the failure of the expectations hypothesis, and the ability of a tent-shaped linear combination of forward rates to predict bond returns.bond markets, heterogeneous expectations, yield curve, bond yield volatility Accepted Paper Series