International Journal of Management and Business Studies

Full length research paper

An empirical analysis of auditor independence and audit fees on audit quality

Novie Susanti Suseno

Doctoral Student, University of Padjadjaran, Indonesia E-mail : [email protected]

Tel: 0262-544218. Fax: 0262-544217

Accepted 13 February, 2013

Abstract

This study aims to investigate the influence of auditor independence and audit fees towards on audit quality. This study applies explanatory research in which questionnaires and interviews serve as the primary data. The sample of this study is 73 public accountant offices which are the members of the Forum of Capital Market Accountants in Indonesia. The results of this study depicted that auditor independence significantly influences the audit quality and audit fees significantly influences the auditing quality. Such results indicate that the measures to enhance auditing quality can be taken by means of developing independent attitudes and determining sufficient audit fees. In this study, the auditing quality is further divided into seven criteria, i.e. skills, experience, ethical value, mindset, the reliability of auditing methods, the effectiveness of the utilized tools and the technical supports. In addition, independence is divided into two indicators: Integrity and Objectivity. While the audit fee is divided into three indicators: size of an auditee, complexity and risk.

Key words: Auditor, independence, audit fees, audit quality, public accountant office.

International Journal of Management and Business Studies ISSN: 2167-0439 Vol. 3 (1) pp. 066-071, January, 2013 © International Scholars Journals
Full Length Research Paper

A maturity approach for business climate: Comparative global perspective

Luis Amador-Jimenez* and Christopher Willis

Department of Building, Civil and Environmental Engineering, Concordia University, 1515 St Catherine W, Montreal, QC, H3G 2W1, Canada.

*Corresponding author. E-mail: [email protected]

Received 26 November, 2012; Accepted 13 January, 2013

Abstract

Business climate, particularly ease of doing business, is a key factor to attract investments and expand business in any nation. There is, however, a lack of understanding of the significance of individual factors of overall ease of doing business. This paper quantifies the significance of business practices that encourage productivity and human development through the use of a maturity approach. Results suggest that businesses will choose those nations where importing and exporting is easy and inexpensive, filling income tax is simple and tax rates are low. Also, more businesses will open if credit is easily accessible and labor laws are reasonable. 

Key words: Business practices, productivity, human development, maturity, doing business.

Impact of reverse repo rate and cash reserve ratio in National Stock Exchange (NSE) CNX bank index

S. Vanitha¹*, P. Nageswari² and P. Srinivasan³

¹Department of Commerce and Financial Studies, Bharathidasan University, Tiruchirappalli, Tamil Nadu, India.

²Department of Commerce, Bharathidasan University Constituent College, Lalgudi, Tiruchirappalli, Tamil Nadu, India.

³Department of Commerce, Bharathidasan University Constituent Arts and Science College, Inamkulthur, Tiruchirappalli, Tamil Nadu, India.

*Corresponding author. E-mail: [email protected]

Received 03 October, 2012; Accepted 30 January, 2013

Abstract

Monetary policy is the process by which the Central Bank or Monetary authority of a country controls the supply of money, often targeting a rate of interest. Every year Reserve Bank of India changes the cash reserve ratio (CRR), statutory liquidity ratio (SLR), prime lending rates (PLR), Repo Rate etc, to control the money supply of the country. This paper aim to discuss about the impact of reverse repo rate and cash reverse ratio in the share price of banking companies listed in National Stock Exchange. The analysis of the study showed that the security prices reacted to the announcements of reverse repo rate and cash reserve ratio.

Key words: Monetary policy, cash reserve ratio, reverse repo rate, National Stock Exchange. 

International Journal of Management and Business Studies ISSN: 2167-0439 Vol. 2 (3), pp. 054-058, December, 2012. © International Scholars Journals 

Full Length Research Paper

Re-tooling open and distance learning institutions for competitive survival: Answering the challenges in the Zimbabwe Open University’s Masvingo regional campus

Dumbu Emmanuel* and Chadamoyo Patrick

*Corresponding author. E-mail: [email protected]   

Received 09 August, 2012; Accepted 22 December, 2012

Abstract

As competition in the higher education environment intensifies, opportunities can be harvested only with the right operational mode and the right partners. The study sought to cross-examine how the Zimbabwe Open University, an open and distance learning institution survive in the competitive environment. A convenient sampling sample of 50 Zimbabwe Open University Faculty of Commerce and Law students in Masvingo region participated in the study. The study used a qualitative research design whereby questionnaire with open-ended items solicited responses to how to survive the competition. Data was qualitatively analysed thematically. Findings indicated that the region apply the global service approach by meeting customer demands, efficiency service, maximising business opportunities and differentiating against competitors. The study recommends the global service delivery approach than the traditional fragmented model of delivering service and the region to establish global network solution centres, global delivery centres and local project organisations to beat competitors and satisfy customers.

Key words: Re-tooling, competition, open and distance learning, challenges.

International Journal of Management and Business Studies ISSN: 2167-0439 Vol. 2 (3), pp. 059- 065, December, 2012. © International Scholars Journals

Full Length Research Paper

Post fraud: An empirical study of firms in Malaysia

Sherliza Puat Nelson

Department of Accounting, Kulliyyah (Faculty) of Economics and Management Sciences,

International Islamic University of Malaysia (IIUM), P.O. Box 10, 50728 Kuala Lumpur.

Corresponding Author's E-mail:[email protected]. Tel: 603 61964687. Fax: 603 61964609.

Received 28 August, 2012; Accepted 2 November, 2012

Abstract

The paper specifically examines the post fraud firms’ characteristics for over 3 years after fraud had occurred. Selections of companies were made from securities commissions’ enforcement actions released between the years 2000 until 2008. A matched pair sampling was made with the control group, and 256 firms’ observations were made. Findings revealed declining sales as well as increased in debts during the three years after the fraud for fraud firms. However, roles of block holders and board’s size may lessen the impact of fraud.

Key words: Fraud, board size, block holders, long term debt, corporate governance.

International Journal of Management and Business Studies ISSN: 2167-0439Vol. 2 (3), pp. 046-053, December, 2012. © International Scholars Journals 

Full Length Research Paper

A common notion of “more women, less men” in politics and governance system: Does it make any difference?

Boniface E. S. Mgonja* and Stella Malangalila

 School of Public Administration and Management, Mzumbe University, Tanzania. 

*Corresponding author. E-mail: [email protected]

Received 09 August, 2012; Accepted 15 December, 2012

Abstract

The need for mainstreaming gender in development was recognized by the global community since the early 1970s after realization of the important role which women just as their men counterpart can equally play in development. Nonetheless, there has been conflicting discourses on the concept of “gender equality” and the whole debate of “gender mainstreaming”. This paper draws on a critical perspective to critique the approaches taken by many governments in developing countries to promote gender equality by having more women representatives in politics and governance system. A critical perspective in this paper examines how gender facts are constructed particularly in Tanzania and whose interest they ultimately serve. Based on the critical perspective presented in this paper, it is obvious that, the challenge to improve the status and productivity of women in developing societies is not the matter of “head count” but “gender awareness” to both women and men in all levels in a given society. The paper concludes by arguing that, an increased focus on awareness will have significant impact on future strategies for working with gender perspectives in development within different societies in Tanzania and other developing countries.

Key words: Governance, Gender, Gender mainstreaming, Gender awareness, parliament