Disclosure of Information in Audit Reports

1
Flavia Veronica Silva Jacques
Flavia Veronica Silva Jacques
2
Clea Beatriz Macagnan
Clea Beatriz Macagnan
1 Universidade Federal do Rio Grande (FURG)

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GJMBR Volume 14 Issue D5

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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.

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.

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
Pg. 35- 44
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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v1.2

Issue date

February 3, 2015

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English

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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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Disclosure of Information in Audit Reports

Flavia Veronica Silva Jacques
Flavia Veronica Silva Jacques Universidade Federal do Rio Grande (FURG)
Clea Beatriz Macagnan
Clea Beatriz Macagnan

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