Stuttgart, FH, Diplomarb., 1998.

The merger between Arthur Andersen (AA) and Ernst & Young (EY) in Australia was announced on the 16th May 2002. The merger was the culmination of seven months of speculation and drama surrounding the future of AA, following its involvement in the collapse of Enron in the United States of America (US). With the number of Big N firms having been reduced to four, concerns were raised over the impact of the merger on the competitiveness of the Australian audit services market (Boreham, 2002; Robertson, 2002; Hamilton et al., 2008). The objective of the thesis is to evaluate the impact of the merger of AA and EY on the market for audit services in Australia. In this regard, consideration is given to two specific questions. First, whether the Australian audit services market became less competitive subsequent to the merger of AA and EY. Second, whether any benefits, either in relation to audit pricing or efficiency, accrued to the firms involved as a consequence of the merger. In order to address these objectives, the impact of the merger on Australian listed firms is examined. This was done for both the market as a whole, as well as for the clients of EY. The sample was drawn from the 1271 available firms on the Australian Stock Exchange (ASX) in 2002. The results show that the audit services market in Australia is still competitive subsequent to the merger of AA and EY. This is so, even though the changes in concentration would suggest that anti-competitive effects could be occurring. One possible explanation for these findings is that the measures of market concentration as identified in the industrial organization literature are difficult to apply to audit firms. Additionally, the lack of benefit to EY from the merger, either through increased pricing or efficiency, may simply be due to 2002 being too early for benefits to be realised, possibly due to the stickiness of audit service fees (Ferguson et al., 2005) or merger implementation issues (Lawrence and Glover, 1998).

The merger between Arthur Andersen (AA) and Ernst & Young (EY) in Australia was announced on the 16th May 2002. The merger was the culmination of seven months of speculation and drama surrounding the future of AA, following its involvement in the collapse of Enron in the United States of America (US). With the number of Big N firms having been reduced to four, concerns were raised over the impact of the merger on the competitiveness of the Australian audit services market (Boreham, 2002; Robertson, 2002; Hamilton et al., 2008). The objective of the thesis is to evaluate the impact of the merger of AA and EY on the market for audit services in Australia. In this regard, consideration is given to two specific questions. First, whether the Australian audit services market became less competitive subsequent to the merger of AA and EY. Second, whether any benefits, either in relation to audit pricing or efficiency, accrued to the firms involved as a consequence of the merger. In order to address these objectives, the impact of the merger on Australian listed firms is examined. This was done for both the market as a whole, as well as for the clients of EY. The sample was drawn from the 1271 available firms on the Australian Stock Exchange (ASX) in 2002. The results show that the audit services market in Australia is still competitive subsequent to the merger of AA and EY. This is so, even though the changes in concentration would suggest that anti-competitive effects could be occurring. One possible explanation for these findings is that the measures of market concentration as identified in the industrial organization literature are difficult to apply to audit firms. Additionally, the lack of benefit to EY from the merger, either through increased pricing or efficiency, may simply be due to 2002 being too early for benefits to be realised, possibly due to the stickiness of audit service fees (Ferguson et al., 2005) or merger implementation issues (Lawrence and Glover, 1998).

No description available.

No description available.

M.Com. (Business Management) / South Africa has for a long time been considered as the gateway into Africa. With the potential Nigeria is showing, it appears that the privilege of this opportunity may soon be diminishing. Nigeria is considered an exciting emerging market because it provides investors with a ready and established market not only because of the huge population size, but also because oil and other natural resources in Nigeria remain critical resources that are a compelling drawcard for foreign investors. It is no coincidence that Nigeria has attracted the most foreign direct investment in Africa, amounting to US$8.9 billion (Ernst & Young, 2012). In undertaking global strategies for global expansion, multinational organisations need to have a firm understanding of the macro, market and micro environment in which they will be entering and operating. These multinationals also need to plan how they will adapt their home country strategy to their host country strategy. Market challenges and positioning the firm in an emerging market are key aspects that need to be investigated, understood and to a certain extent, perfected. The research question posed in this paper addressed the inherent challenges posed to multinational service firms, in particular Ernst & Young (EY), when conducting business operations in Nigeria. The research adopted a qualitative research methodology which allowed the collection of the opinions of senior executives in EY, both in South Africa and in Nigeria, as well as clients of EY in Nigeria. The data collection method employed included digital-recorded in-depth interviews after which the data was analysed through content analysis and from which codes and categories were extracted. The research results pointed to pertinent macro, market and micro challenges facing a professional services firm such as, but not limited to infrastructure support, bureaucracy and the importance of relationships. This case study research provides key information about potential challenges and opportunities facing a professional services firm and links these challenges and opportunities of Nigeria’s macro, market and micro environment with strategic marketing concepts, in particular positioning strategies that an organisation can implement when attempting to position the business for market growth.

Diploma thesis is about modern approach to internal audit. This work covers theoretical knowledge and methodology of internal audit and includes a concept internal audit 2.0 by Ernst & Young. Practical part of this thesis includes application of internal audit on a small enterprise including a 2.0 approach. Goal of this thesis is implementation of methodology from internal audit including 2.0 by EY , and conclusions of internal audit in praxis.

Syfte: Syftet är att analysera hur redovisning till verkligt värde av förvaltningsfastigheter påverkar den rättvisande bilden av ett företag. Bakgrund:                        Värdering av anläggningstillgångar till anskaffningsvärde har länge varit vägledande i Europa. Trots att denna metod är tillförlitlig anses den inte ge en rättvisande bild av företaget. Detta kan istället värdering till verkligt värde anses göra då detta sätt att redovisa skapar relevans i redovisningen. Denna redovisningsmetod är dock förknippad med minskad tillförlitlighet, stora svängningar i resultat och för sin konjunkturförstärkande effekt. Redovisning till verkligt värde har fastighetsbranschen använt sig av sedan införandet av IAS/IFRS 2005. Branschen kännetecknas av frekventa och starka svängningar i värdet på förvaltningsfastigheterna, vilka helst ska värderas till verkligt värde. Detta föranleder frågan hur rättvisande fastigheternas värden egentligen är. Metod:                              Analysen av problemområdet har skett genom en kvalitativ metod och en deduktiv ansats. Befintlig teori har jämförts med empiriskt material som har insamlats via intervjuer. Intervjuerna har varit icke-standardiserade och utförts med fyra auktoriserade revisorer från de fyra största revisionsbolagen i Sverige och en värderingsexpert. Slutsats:                            Verkligt värde av förvaltningsfastigheter medför positiva effekter till den rättvisande bilden främst genom att bidra med relevans och jämförbarhet. Med aktieägare som primära användare av den finansiella informationen kan verkligt värde även antas vara begriplig. Värderingsmetoden har däremot en negativ påverkan på den rättvisande bilden genom omfattande brister i tillförlitlighet. Relevansen i redovisning till verkligt värde kan dock kompensera för dessa brister. Detta torde innebära att redovisning till verkligt värde bidrar till en rättvisande bild av ett företag. / Purpose:                           The purpose is to analyse how fair value accounting of investment property affect the true and fair view of a company. Background:                    Valuing fixed assets at historical cost has for a long time been the preferred choice in Europe. Although this method is reliable it is not considered to contribute to a true and fair view of a company. This can however fair value accounting (FVA) be considered to do as it creates relevance in the financial reports. On the other hand, FVA can also be associated with reduced reliability, volatility in profits and procyclicality. FVA was first adopted by the investment property industry in 2005 when IAS/IFRS was imposed in Sweden. This industry is characterised by its volatile property values, which are preferably to be valued at fair value. This raises the question of whether the values of the investment properties really are fair? Method:                            In order to answer the purpose a qualitative method was used. The deductive approach enabled a comparison between existing theories and empirical material gathered through in-depth interviews. The interviews were non- standardised and conducted with four authorised auditors from the four largest auditing firms, and a fair value expert. Conclusion:                      FVA of investment property contributes to the true and fair view of a company in terms of relevance and comparability. Since shareholders are the primary users of financial information FVA can also be considered understandable. The valuation method does however have a negative affect on the true and fair view due to considerable deficiencies in reliability. If relevance can be considered to make up for these deficiencies, it can be argued that FVA contributes to the true and fair view of a company.

Background: Football is one of the biggest sports in the world. Just as the rest of the world has been affected by the pandemic, the Allsvenskan has also been affected. What is analyzed in this study are various financial key figures through the Altman z score which shows whether the clubs can cope with financial insolvency. Purpose: The aim of the study is to analyze how the Allsvenskan football clubs have handled the situation from covid-19. The study will also touch on the club's economic state before and after the pandemic to see if the state has changed since the crisis. Method: This study is based on a quantitative method through a deductive approach where the collected data comes mainly from annual reports from nine (9) Allsvenskan football clubs. The data was collected during several occasions as the study targets from 2017-2022. Conclusion:What the study concluded is that the clubs have not recovered financially from the covid 19 pandemic if they are based on the altman Z’ score. The years 2016-2018 had a higher Z’ score than the years 2019-2022 had in total.-- The spectators or fans increased after the pandemic. There is no statistical connection if a team gets more points that there is more audience.

Made available in DSpace on 2016-04-25T18:40:01Z (GMT). No. of bitstreams: 1 Sergio Citeroni.pdf: 1161546 bytes, checksum: 189fbf72d66130fda3dd550bf669d48b (MD5) Previous issue date: 2014-06-30 / The purpose of this study is to investigate possible deficiencies in university accounting courses regarding appropriate vocational training, from the point of view of a corporate university. This is because at almost all professional events, from national seminars to meetings with a small number of participants, as well as the activities of professional associations, there is discussion about the quality of Brazilian professionals, in particular recent accounting graduates. The reason for including topics related to the quality of accounting education in these events is the growing concern amongst executives, market representatives, regulators, professional and trade associations and other stakeholders over the challenges that already exist for accountants and accounting students. It is necessary to understand that the country s university education must foster individual development that is committed to the needs of the market and capable of encouraging scientific and critical thinking in a broader process of knowledge building. To this end, a case study was performed that, firstly, was developed in Ernst & Young and its Corporate University, through interviews with the Executive Director of the said University, based on the company s recruitment process. Secondly, there were interviews with two coordinators of accounting graduation courses, intended to give a better understanding of the organization of the curriculum and its shortcomings. Thirdly, a document prepared by two leading researchers on the search for quality in university accounting education and the Report on the Observance of Standards and Codes were analyzed. Based on the results obtained it was concluded that, independent of opinion and market demand, there is a convergence between theoretical participants, professional educators and development banks regarding the need for change and qualitative aggregation in the training of accounting professionals, and in this study corporate universities are shown to be one answer to this qualitative level required by contemporary society / O presente trabalho objetivou a verificação de possíveis lacunas nos cursos de Ciências Contábeis oferecidos por Instituições de Ensino Superior à adequada formação profissional da área, na visão de uma universidade corporativa. Isto porque em quase todos os eventos profissionais, desde seminários de âmbito nacional a reuniões com pequeno número de participantes, bem como nas atividades de entidades de classe, há discussão sobre a qualidade do profissional brasileiro, mais especificamente os recém-formados no Curso de Ciências Contábeis. A razão para a inclusão do tópico qualidade do ensino contábil nesses eventos se dá pela preocupação crescente de executivos, representantes do mercado, órgãos reguladores, entidades de classe e outros interessados no que se refere aos desafios já estabelecidos aos contadores ou aos formandos do Curso de Ciências Contábeis. Torna-se necessário compreender, que a educação superior no país deve propiciar uma formação comprometida com as necessidades do mercado, capaz de promover o exercício do pensamento científico e crítico num processo mais amplo de construção de conhecimento. Para tanto, foi realizado um estudo de caso que, em primeira instância, desenvolveu-se na empresa Ernst & Young e sua Universidade Corporativa, por meio de entrevista com o Diretor Executivo da referida Universidade, tendo como base o seu próprio processo de recrutamento. Em segunda instância deu-se a realização de entrevistas com dois coordenadores de curso de Ciências Contábeis com a intenção de melhor compreender a organização curricular das disciplinas e suas carências e, em terceira instância foram analisados: o documento elaborado por dois renomados pesquisadores sobre a busca da qualidade no ensino superior de Contabilidade e o Relatório sobre a Observância de Normas e Códigos. Com base nos resultados obtidos conclui-se que, independente da opinião e demanda do mercado, há uma convergência entre teóricos, profissionais do ensino e banco de fomento acerca da necessidade de mudanças e agregação qualitativa na formação dos profissionais da área, sendo que neste trabalho se formaliza a universidade corporativa como uma das respostas a essa demanda qualitativa exigida pela sociedade contemporânea