对新上市公司管理层造假的预测【外文翻译】

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1、本科毕业论文（设计）外文翻译外文题目PredictingManagementFraudinIPOCompanies外文出处ManagementAccountingQuarterly外文作者ShawverToddA，ShawverTaraJ原文：PredictingManagementFraudinIPOCompaniesFinancialstatementfraudisacriticalissueformanagementaccountantsandfinancialexecutivestoday.Itseemsthemediaarereportingonanever-ending

2、listofcompaniesaccusedofmanipulatingthenumberstotheirbenefit.Muchoftheresearchinthisareafocusesonestablishedcompanies.Ourstudyisthefirsttomeasurecorporategovernancecharacteristicsoftheboardsofdirectorsandauditcommitteesofcompaniesthataregoingpublicwithaninitialpublicoffering(IPO).Pressurestoma

3、nageearnings,oftenusingmethodsthatmayborderonfraud,aremoreacuteforIPOcompaniesbecausetheirdirectorsmustconvincestakeholderstoinvestinthesoon-to-be-publicfirm.WeconsideredthecorporategovernancecharacteristicspresentwhenanIPOcompanycommitsfinancialstatementfraud—andwhethersimilarcharacteristicsa

4、reinherentinIPOcompaniesthathavenotcommittedfraud.WHYSTUDYIPOS?TheIPOstructureisuniqueforstudyingenvironmentsthatmaybepronetoincentivestomanageearnings.Companiesgoingpublichaveanacuteneedtomeetquarterlyearningsforecasts,andthismayincreasepressurestotakequestionableactions;theseactionsmaybecome

5、moreandmoreaggressiveandleantowardfraud.Further,thesepressurestomanageearningsmayalsobeimpactedbycompensationpackagesthatinvolvestockoptions,whichtypicallyincreaseinvaluewithpositivefinancialandoperationalresults.12Muchoftheempiricalresearchintheareaofcorporategovernancefocusesonthecashcompens

6、ation(annualsalaryplusbonus)oftopexecutives(mostoftenCEOs)ofpublicfirmsintheUnitedStates.Thisliteratureisatamaturestageofdevelopment,withthesamebasiccompensationdatasetunderlyingmanyofthestudies.Mostofthemdocumentthatfinancialaccountingmeasures,especiallymeasuresofprofitability,areusedextensiv

7、elyinexecutivecompensationcontracts.Thereislittleresearch,however,regardingthenatureofboardcomposition,influenceofboardactivities,ortheeffectivenessofauditcommitteesinpreventingfinancialstatementfraud.ANEXAMINATIONOFPRIORRESEARCHThewaya