Australian charity organisations: A study of audit fee determinants

Accounting, and more specifically auditing, plays an important role in charity organisations’ accountability processes. This has been highlighted with the commencement of the Australian Charities and Not-for-Profit Commission in 2012 heralding a new era of accountability and regulation. It is in this context that this study used a stratified sample of 101 Australian charities’ 2011-2012 annual reports to study five aspects of the charity audit market, which formed its objectives. These were: a) to estimate and develop a model of Australian charity fee audit determinants; b) to determine if there was evidence of Big Four audit firm fee premiums in a market where the Big Four may not dominate; c) to test for the existence of audit fee premium pricing amongst non-Big Four audit firms; d) to test for the existence of an audit fee premium for audit firm offices; and e) to test for the existence of an audit fee premium for audit firm partners. This study found support for the choice of audit firm (Big Four audit firm versus non-Big Four audit firm) having an influence on audit fee pricing. Auditee complexity, a well-established determinant in the private sector literature, was also shown to have some influence on charities’ audit fee costs, in the form of incorporation (company versus non-company) and size as represented by proxy, income being significant. Trading income too indicated a possible influence on charities’ audit fees, but these findings were limited and require further investigation. In this study a Big Four audit premium was shown to exist in the Australian charity sector. It is also shown that small audit firms with a single client may have been discounting audit fees, but further investigation is required to confirm this. In summary, this study put the spotlight on a sector that has not previously been examined, and provides deeper insights into the Australian charity sector and audit fee pricing

Local government financial reporting: A survey of Western Australian practice and the examination of some explanatory economic and political factors

This thesis is an exploratory study that examines a measure of the extent and nature of financial reporting by Western Australian local governments against the requirements and recommendations specified in the legislation, regulations and accounting standards. In addition, several economic and political factors which may provide some explanation for the variation in reporting practices of Western Australian local government councils is examined. Three disclosure measures are reported to provide descriptive information about Western Australian local government councils, compliance with mandatory reporting requirements, their voluntary disclosure of additional financial information and their policy of disseminating their annual financial information to the municipality. Pearson Product Moment Correlation coefficients are established to measure the relationship between the economic and political factors and the disclosure indexes. Linear regression models are developed to assess the explanatory power of these economic and political factors in relation to councils\u27 identified reporting practices in the financial years, 1990/91 and 1991/92. The survey results indicate, that as expected, councils in the main comply with the accounting directions specified in the state government\u27s legislation and regulations. In addition, to the regulatory reporting requirements, the Local Government Act 196Q-1982 allows councils to disclose additional financial information considered necessary or desirable. The financial statements were examined for voluntarily adoption of Australian Accounting Standard AAS 27 Financial Reporting by Local Governments and the disclosure of additional financial information in line with private sector reporting practices. The disclosure of additional information is found to be at best minimal. It is concluded that councils\u27 current reporting practices are not sufficient to ensure the adequate discharging of their accountability responsibilities. Examination of the economic and political factors\u27 explanatory power suggests that councils with larger populations more adequately discharge their financial reporting responsibilities than councils with smaller populations. This maybe attributable to the council being \u27separated\u27 from the residents and ratepayers, which leads to the formation of interest groups within the municipality. Given the exploratory nature of this research, several areas have been identified which may warrant further research to provide a better understanding of local government financial reporting. In particular, more specific research is suggested to investigate the variation in reporting noted between small and large councils. Other matters identified that may be worthy of further investigation include: the auditor\u27s role in ensuring adequate financial disclosure by councils, the use of newspapers as a possible alternate information source, why councils appear not to report non-financial performance measures and the motivation for early adoption of public sector accounting standards which have multi-year adoption periods

Narratives of recovery in people with coexisting mental health and alcohol misuse difficulties.

Existing literature has examined what recovery means to people with co-occurring difficulties, but does little to examine experiences of recovery as a process. The purpose of this paper is to use a narrative approach to explore the process of recovery as an individual journey in a social context. It focuses on people who use alcohol in order to explore the impact of alcohol’s specific cultural meanings on the recovery journey

Development of stormwater asset management plan for local council

This research project aims to develop a stormwater asset management plan for local council and how predictive modelling can be utilised to develop a more strategic advanced system. Local council have endorsed a ‘Core’ asset plan as the framework for all assets. The Chief Executive Officer has implemented a 95-point plan to improve council services and one of these is to progress from a ‘Core’ Asset plan to an advanced plan for all assets. Sunshine Coast Council Stormwater Unit has made a commitment to progress from the ‘Core’ plan and in doing so has now undertaken a proactive CCTV survey of all existing asset classes with a focus on critical assets. Predictive modelling of existing reinforced concrete pipe has been identified as a key driver and how council monitor the asset condition and determine the residual life of the asset. These outcomes in turn are calculating the useful life of the asset and providing some effective comparisons with more conventional models. A study was undertaken on a variety of stormwater networks and upon completion of the condition assessment and predictive modelling it was ascertained that these networks are not meeting their useful life expectation. This shortfall in useful life means that local council need to review all areas of the asset management plan including risk and criticality, levels of service, maintenance and renewal programs and growth management. IIMM (2015) clarifies that for any asset management plan to be effective it has to rely on good data, robust assessment of asset condition and to ensure the lifecycle costs of the assets will provide a sustainable future. The dissertation has provided a positive and proactive process for local councils to achieve a sustainable system that will enable the organisation and key stakeholders to deliver over the long term. The project has provided a solid base for council to improve on these processes and to also provide an opportunity for further development in how other asset classes can be incorporated into this plan

Agility Measures Related to Game Performance of NCAA Baseball Pitchers

Like most kinetic chains in athletic performance, the baseball pitching motion begins with the muscles of the legs and continues progressively through the torso, shoulders, and arms. Similarities are noted between the baseball pitching motion and the kinetic chain employed in agility tests that involve acceleration, deceleration, and change of direction measures of agility. Purpose: The purpose of this investigation was to determine pre-season agility in NCAA pitchers and to relate these measures to regular season pitching performance. Methods: NCAA Division II pitchers (n=10, age 20.2 ± 1.9 yrs., weight 83.8 ± 10.3 kg, height 1.85 ± 0.48 m) volunteered as study subjects. A previously described laser-timed 60-yd shuttle run (“JJ Shuttle”) provided average speeds for four contiguous agility segments (S1, S2, S3, and S4 of 10, 10, 20, and 20 yds., respectively), as well as Total Shuttle Run (TSR). Statistical measures obtained from regular season games (n=48), including Runs (R), Hits (H), Earned Runs (ER), Base-on-Balls (BB), and Strikeouts (SO), each normalized for innings pitched, provided evidence of game pitching performance. Pearson’s Correlation Coefficient determined the relationship of average agility speeds to pitching performance. Results: Analysis identified significant correlations (p\u3c.05) between S1, S2, and TSR and normalized SO (r=0.77, r=0.73, and r=0.87, respectively); S3 and S4 were insignificant (r=0.42 and r=0.59, respectively). Additionally, a significant correlation (p\u3c.05) was identified between S3 and BB (r=0.67). Conclusion: Results of this study suggest that better agility may lead to selected improvements in game performance in NCAA Division II baseball pitchers

Age-related differences in dual task walking: a cross sectional study

<p>Abstract</p> <p>Background</p> <p>Variability in stride velocity during walking characterizes gait instability and predicts falling in older individuals. Walking while executing a cognitive task is also associated with increased risk of falling, particularly in older adults. Variability in stride velocity, particularly during dual task walking conditions, may differ between younger and older individuals. The purpose of this study was to examine whether gait velocity and variability in stride velocity differ between older community-dwelling women and younger women during dual task walking.</p> <p>Methods</p> <p>Twenty-three older (80 ± 9 years) and 19 younger (23 ± 2 years) women walked under each of two conditions: (1) walking at a self-selected velocity and (2) walking at a self-selected velocity while incrementally counting backwards. Gait velocity and variability in stride velocity were measured with GAITRite^®instrumentation.</p> <p>Results</p> <p>Gait velocity decreased and variability in stride variability increased, in both groups, during dual task walking. The relative reduction in gait velocity and the magnitude of variability in stride velocity were greater in the older subjects than younger subjects.</p> <p>Conclusion</p> <p>The gait changes observed in dual task walking characterize reduced gait stability and indicate that cognitively demanding tasks during walking have a destabilizing effect on gait that may place older persons at greater risk of falls.</p

Subtractive NCE-MRA: Improved background suppression using robust regression-based weighted subtraction.

PURPOSE: To correct the intensity difference of static background signal between bright blood images and dark blood images in subtractive non-contrast-enhanced MR angiography using robust regression, thereby improving static background signal suppression on subtracted angiograms. METHODS: Robust regression (RR), using iteratively reweighted least squares, is used to calculate the regression coefficient of background tissues from a scatter plot showing the voxel intensity of bright blood images versus dark blood images. The weighting function is based on either the Euclidean distance from the estimated regression line or the deviation angle. Results from RR using the deviation angle (RRDA), conventional RR using the Euclidean distance, and ordinary leastsquares regression were compared with reference values determined manually by two observers. Performance was evaluated over studies using different sequences, including 36 thoracic flow-sensitive dephasing data sets, 13 iliac flow-sensitive dephasing data sets, and 26 femoral fresh blood imaging data sets. RESULTS: RR deviation angle achieved robust and accurate performance in all types of images, with small bias, small mean absolute error, and high-correlation coefficients with reference values. Background tissues, such as muscle, veins, and bladder, were suppressed while the vascular signal was preserved. Euclidean distance gave good performance for thoracic and iliac flow-sensitive dephasing, but could not suppress background tissues in femoral fresh blood imaging. Ordinary least squares regression was sensitive to outliers and overestimated regression coefficients in thoracic flow-sensitive dephasing. CONCLUSION: Weighted subtraction using RR was able to acquire the regression coefficients of background signal and improve background suppression of subtractive non-contrast-enhanced MR angiography techniques. RR deviation angle has the most robust and accurate overall performance among three regression methods

Assessment of early treatment response to neoadjuvant chemotherapy in breast cancer using non-mono-exponential diffusion models: a feasibility study comparing the baseline and mid-treatment MRI examinations.

$\textit{Objectives}$: To assess the feasibility of the mono-exponential, bi-exponential and stretched-exponential models in evaluating response of breast tumours to neoadjuvant chemotherapy (NACT) at 3 T. $\textit{Methods}$: Thirty-six female patients (median age 53, range 32-75 years) with invasive breast cancer undergoing NACT were enrolled for diffusion-weighted MRI (DW-MRI) prior to the start of treatment. For assessment of early response, changes in parameters were evaluated on mid-treatment MRI in 22 patients. DW-MRI was performed using eight $b$ values (0, 30, 60, 90, 120, 300, 600, 900 s/mm$^2$). Apparent diffusion coefficient (ADC), tissue diffusion coefficient ($D_t$), vascular fraction (ƒ), distributed diffusion coefficient (DDC) and alpha ($\alpha$) parameters were derived. Then $t$ tests compared the baseline and changes in parameters between response groups. Repeatability was assessed at inter- and intraobserver levels. $\textit{Results}$: All patients underwent baseline MRI whereas 22 lesions were available at mid-treatment. At pretreatment, mean diffusion coefficients demonstrated significant differences between groups ($p$ < 0.05). At mid-treatment, percentage increase in ADC and DDC showed significant differences between responders (49 % and 43 %) and non-responders (21 % and 32 %) ($p$ = 0.03, $p$ = 0.04). Overall, stretched-exponential parameters showed excellent repeatability. $\textit{Conclusion}$: DW-MRI is sensitive to baseline and early treatment changes in breast cancer using non-mono-exponential models, and the stretched-exponential model can potentially monitor such changes.The study has received funding from the Addenbrookes Charitable Trust and the NIHR comprehensive Biomedical Research Centre (BRC) and the Experimental Cancer Medicine Centre (ECMC) awards to Cambridge University Hospitals NHS Foundation Trust in partnership with the University of Cambridge

Quantitative BOLD imaging at 3T: Temporal changes in hepatocellular carcinoma and fibrosis following oxygen challenge.

PURPOSE: To evaluate the utility of oxygen challenge and report on temporal changes in blood oxygenation level-dependent (BOLD) contrast in normal liver, hepatocellular carcinoma (HCC) and background fibrosis. MATERIALS AND METHODS: Eleven volunteers (nine male and two female, mean age 33.5, range 27-41 years) and 10 patients (nine male and one female, mean age 68.9, range 56-87 years) with hepatocellular carcinoma on a background of diffuse liver disease were recruited. Imaging was performed on a 3T system using a multiphase, multiecho, fast gradient echo sequence. Oxygen was administered via a Hudson mask after 2 minutes of free-breathing. Paired t-tests were performed to determine if the mean pre- and post-O2 differences were statistically significant. RESULTS: In patients with liver fibrosis (n = 8) the change in T2* following O2 administration was elevated (0.88 ± 0.582 msec, range 0.03-1.69 msec) and the difference was significant (P = 0.004). The magnitude of the BOLD response in patients with HCC (n = 10) was larger, however the response was more variable (1.07 ± 1.458 msec, range -0.93-3.26 msec), and the difference was borderline significant (P = 0.046). The BOLD response in the volunteer cohort was not significant (P = 0.121, 0.59 ± 1.162 msec, range -0.81-2.44 msec). CONCLUSION: This work demonstrates that the BOLD response following oxygen challenge within cirrhotic liver is consistent with a breakdown in vascular autoregulatory mechanisms. Similarly, the elevated BOLD response within HCC is consistent with the abnormal capillary vasculature within tumors and the arterialization of the blood supply. Our results suggest that oxygen challenge may prove a viable BOLD contrast mechanism in the liver. J. Magn. Reson. Imaging 2016;44:739-744.This study was supported by the Addenbrooke’s Charitable Trust, Cambridge’s Experimental Cancer Medicine Centre and a NIHR comprehensive Biomedical Research Centre award to Cambridge University Hospitals NHS Foundation Trust in partnership with the University of Cambridge.This is the final version of the article. It first appeared from Wiley via https://doi.org/10.1002/jmri.2518