Disclosure of Information in Audit Reports

Disclosure of Information in Audit Reports

Flavia Veronica Silva Jacques

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Clea Beatriz Macagnan

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Universidade Federal do Rio Grande

Disclosure of Information in Audit Reports

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Abstract

This study aimed to determine if the level of information included in audit reports was related to the average stock value of companies as listed in the Brazilian capital market. Of 255 companies, 44 financial entities were excluded because they operate in regulatory and competitive environments that are different from the other studied companies. The selected companies had at least one audit report over a 5-year period (2005 to 2009), which resulted in a final sample of 33 companies and a total of 165 observations. The study first analyzed the information content in the audit reports, and statistical analyses were then performed to compare the data. The results showed that the disclosure of accounting practices has a positive explanatory effect on the average share price variance.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Flavia Veronica Silva Jacques. 2015. \u201cDisclosure of Information in Audit Reports\u201d. Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 14 (GJMBR Volume 14 Issue D5).

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GJMBR Volume 14 Issue D5

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Agency theory audit audit reports disclosure

Submission ReceivedDecember 14, 2013
Peer Review Double Blind
Handling Editor
Accepted January 3, 2014
Published January 15, 2014

Version of record

v1.2

Issue date

February 3, 2015

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Article Matrices

Total Score: 102

Country: Brazil

Subject: Global Journal of Management and Business Research - D: Accounting & Auditing

Authors: Flavia Veronica Silva Jacques, Clea Beatriz Macagnan (PhD/Dr. count: 0)

View Count (all-time): 183

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Publish Date: 2015 02, Tue

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Total Views: 4333

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