Hot off the Presses
To what extent is auditor independence impaired by providing non-audit services? Have perceived or real compromises to auditor independence arising out of non-audit services risen to a level warranting prohibitions? To find out what listed company executives and their auditors in Bahrain think, read Professor Wayne G. Bremser’s article, Non-audit services and auditor independence: Empirical findings from Bahrain published in volume 4, number 1 (2007) of International Journal of Accounting, Auditing and Performance Evaluation.
Globalization, the conglomeration of banking, brokerage, and insurance into financial services firms, and the regulatory modernization of the Gramm-Leach-Bliley Act have lead to the rise of large US financial institutions. The extent to which risks and returns are linked, whether the linkages are close enough across industries to result in a contagion and how size effects risk return linkages are questions addressed by a study of data between 1991 and 2001. Villanova’s Michael S. Pagano with co-authors Elyas Elyasiani and Iqbal Mansur published their findings in Concergence and risk-return linkages across financial service firms, Journal of Banking & Finance volume 31, number 4 (2007) p.1167