Disclosure of Information in Audit Reports

Flavia Veronica Silva Jacques; Clea Beatriz Macagnan

Disclosure of Information in Audit Reports

Flavia Veronica Silva Jacques * §

Contact

Clea Beatriz Macagnan

Contact

§ Universidade Federal do Rio Grande (FURG)

Disclosure of Information in Audit Reports

Article Fingerprint

ReserarchID

MBR51533

Disclosure of Information in Audit Reports Banner

Key Research Insights

Synthesized scholarly intelligence & interactive research assistant

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.

References

42 Cites in Article

Reference Format

George Akerlof (1970). The Market for "Lemons": Quality Uncertainty and the Market Mechanism.
A Alchian,H Demsetz (1972). Production, Information Costs, and Economic Organization.
Francisco Araujo,José (2003). Compreensão do parecer do auditor independente no Brasil.
K Arrow (1963). Uncertainty and the welfare economics of medical care.
R Ball,W Brown (1968). An Empirical Evaluation of Accounting Income Numbers.
(1976). Unknown Title.
(1976). Unknown Title.
(2011). Lei nº 11/2011, altera parcialmente a Lei de Arbitragem da Espanha.
De (1976). Unknown Title.
Unknown Title.
De Maio De (2009). Unknown Title.
C Chow (1982). The Demand of External Auditing: Size, Debt and Ownership Influences.
A Wong-Boren (1987). Voluntary financial disclosure by Mexican corporations.
Comissão De,Valores Mobiliarios -Cvm (2005). Deliberação n.
Conselho Federal De Contabilidade (1997). Resolução n.º 820.
Thais Roupe Borges (2005). METODOLOGIA PARA AVALIAÇÃO DA CONTINUIDADE DO SERVIÇO DE DISTRIBUIÇÃO EM LOCAIS COM RESTRIÇÃO DE ACESSO POR REGISTROS DE VIOLÊNCIA.
T Cooke (1989). Disclosure in the Corporate Annual Reports of Swedish Companies.
(1989). Voluntary corporate disclosure by Swedish companies.
A Craswell,S Taylor (1992). DISCRETIONARY DISCLOSURE OF RESERVES BY OIL AND GAS COMPANIES: AN ECONOMIC ANALYSIS.
David Cutler,Richard Zeckhauser (1997). Adverse Selection in Health Insurance.
Linda Deangelo (1981). Auditor size and audit quality.
(2010). Financial Accounting Standards Board (FASB).
Michael Firth (1979). The Impact of Size, Stock Market Listing, and Auditors on Voluntary Disclosure in Corporate Annual Reports.
Paul Healy,Krishna Palepu (2001). Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature.
B Inchausti (1997). The Influence of Compapy Characteristics and Accounting Regulation on Information Disclosed by Spanish Firms.
M Jensen,W Meckling (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure.
D Kreps (1994). • J.Hillis Miller, Tropes, Parables, Performatives: Essays on Twentieth-Century Literature (New York and London: Harvester Wheatsheaf, 1990), xii+266 pp., £40.00 (hardback) • J.Hillis Miller, Victorian Subjects (New York and London: Harvester Wheatsheaf, 1990), xii+330 pp., £35.00 (hardback).
S Leventis,P Weetman (2000). Exploring and Explaining Variations in Voluntary Disclosure in an European Emerging Capital Market: Evidence from the Arhens Stock Exchange.
A Levitt (1998). The importance of high quality accounting standards.
Clea Macagnan,Beatriz (2005). Factores Explicativos de la Revelación de Información de Activos Intangibles de Empresas que Cotizan en España.
P Milgrom,J Roberts (1992). Summaries of other current articles and annotations of recent pamphlets and books.
Frederic Mishkin (1991). A multi-country study of the information in the shorter maturity term structure about future inflation.
S Owusu-Ansah (1997). The determinants of voluntary financial disclosure by Swiss listed companies: A comment.
J Patton,I Zelenka (1997). An empirical analysis of the determination of the extent disclosure in annual reports of joint stock companies in the Czech Republic.
F Da Silva,J Delazeri,A Heineck,B Tutikian (2004). ANÁLISE DE MANIFESTAÇÕES PATOLÓGICAS PRESENTES EM EDIFICAÇÃO HISTÓRICA – ESTUDO DE CASO: CASA DA LIRA.
Bernard Raffournier (1995). The determinants of voluntary financial disclosure by Swiss listed companies.
Michael Rothschild,Joseph Stiglitz (1976). Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information.
Robert Verrecchia (1999). Disclosure and the cost of capital: A discussion.
R Wallace,Kamal Naser,Araceli Mora (1994). The Relationship Between the Comprehensiveness of Corporate Annual Reports and Firm Characteristics in Spain.
Jidong Zhang,Zheng Fan,Liyan Wang (2008). Corporate Competitive Strategy and Voluntary Disclosure.
Fixed assets -evaluation.
(null). The Case for Including Functional Limitation Measures in Electronic Health Records.

Download References

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, Clea Beatriz Macagnan. 2015. "Disclosure of Information in Audit Reports". Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 14 (GJMBR Volume 14 Issue D5).

More Citation Formats

Select Citation Style:

Download Citation

GJMBR Volume 14 Issue D5

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Agency theory audit audit reports disclosure

Classification

GJMBR-D Classification JEL Code: M49

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

Language

English

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Score: 149

Country: Brazil

Subject: Global Journal of Management and Business Research

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

View Count (all-time): 362

Total Views (Real + Logic): 1445

Total Downloads (simulated): 108

Publish Date: 2014 01, Wed

Monthly Totals (Real + Logic):

Month 1: 42 views
Month 2: 35 views
Month 3: 34 views
Month 4: 33 views
Month 5: 53 views
Month 6: 40 views
Month 7: 45 views
Month 8: 28 views
Month 9: 31 views
Month 10: 30 views
Month 11: 50 views
Month 12: 36 views
Month 13: 25 views
Month 14: 32 views
Month 15: 32 views
Month 16: 27 views
Month 17: 20 views
Month 18: 46 views
Month 19: 27 views
Month 20: 44 views
Month 21: 14 views
Month 22: 28 views
Month 23: 21 views
Month 24: 31 views
Month 25: 26 views
Month 26: 38 views
Month 27: 39 views
Month 28: 26 views
Month 29: 20 views
Month 30: 19 views
Month 31: 26 views
Month 32: 24 views
Month 33: 27 views
Month 34: 45 views
Month 35: 12 views
Month 36: 19 views
Month 37: 15 views
Month 38: 24 views
Month 39: 32 views
Month 40: 42 views
Month 41: 38 views
Month 42: 27 views
Month 43: 18 views
Month 44: 27 views
Month 45: 39 views
Month 46: 24 views
Month 47: 24 views
Month 48: 22 views
Month 49: 34 views
Month 50: 40 views
Month 51: 30 views
Month 52: 31 views
Month 53: 43 views
Month 54: 31 views
Month 55: 25 views
Month 56: 40 views
Month 57: 38 views
Month 58: 42 views
Month 59: 25 views
Month 60: 39 views
Month 61: 42 views
Month 62: 33 views
Month 63: 31 views
Month 64: 45 views
Month 65: 26 views
Month 66: 33 views
Month 67: 46 views
Month 68: 33 views
Month 69: 40 views
Month 70: 47 views
Month 71: 39 views
Month 72: 30 views
Month 73: 43 views
Month 74: 42 views
Month 75: 22 views
Month 76: 13 views
Month 77: 27 views
Month 78: 30 views
Month 79: 15 views
Month 80: 44 views
Month 81: 24 views
Month 82: 29 views
Month 83: 35 views
Month 84: 25 views
Month 85: 17 views
Month 86: 26 views
Month 87: 33 views
Month 88: 22 views
Month 89: 33 views
Month 90: 41 views
Month 91: 45 views
Month 92: 45 views
Month 93: 10 views
Month 94: 27 views
Month 95: 21 views
Month 96: 27 views
Month 97: 42 views
Month 98: 34 views
Month 99: 23 views
Month 100: 26 views
Month 101: 23 views
Month 102: 36 views
Month 103: 45 views
Month 104: 18 views
Month 105: 33 views
Month 106: 34 views
Month 107: 31 views
Month 108: 22 views
Month 109: 28 views
Month 110: 30 views
Month 111: 22 views
Month 112: 20 views
Month 113: 12 views
Month 114: 21 views
Month 115: 46 views
Month 116: 46 views
Month 117: 22 views
Month 118: 14 views
Month 119: 24 views
Month 120: 42 views
Month 121: 12 views
Month 122: 40 views
Month 123: 43 views
Month 124: 23 views
Month 125: 25 views
Month 126: 26 views
Month 127: 16 views
Month 128: 21 views
Month 129: 28 views
Month 130: 41 views
Month 131: 30 views
Month 132: 30 views
Month 133: 39 views
Month 134: 58 views
Month 135: 44 views
Month 136: 44 views
Month 137: 47 views
Month 138: 38 views
Month 139: 30 views
Month 140: 22 views
Month 141: 47 views
Month 142: 30 views
Month 143: 13 views
Month 144: 30 views
Month 145: 31 views
Month 146: 28 views
Month 147: 37 views
Month 148: 31 views
Month 149: 29 views
Month 150: 48 views
Month 151: 39 views
Month 152: 40 views
Month 153: 55 views

Total Views: 1.4K

Total Downloads: 108

All Trends