内部控制信息的弱点和不确定性外文文献翻译

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1、毕业设计（论文）外文翻译外文题目:InternalControlWeaknessesandInfooiationUncertainty译文题目：内部控制信息的弱点和不确定性文献出处匚《AccountingReview》，2007,83(3):665-703外文作者：IessodDanielBeneish,MaryBrookeAllings,LeslieD.Hodder字数统计：英文2183单词，12880字符；中文4096汉字外文文献:InternalControlWeaknessesandInformationUncertaintyAbstract

2、Usingasampleof336firmsmakingreportsrequiredbytheSarbanes-OxleyAct,weexaminetheeffectofmandatedinternalcontrolweaknessesdisclosuresoninformationuncertaintyfordisclosingfirmsandforsize-andperformance-matchednon・disclosingfirms.Wefindasignificantlynegative(weaklypositive)pricerespo

3、nsefordisclosing(non-disclosing)firmsconsistentwithresolutionofinformationuncertaintyinbothgroups.Fordisclosingfirmswefindthatthenegativemarketresponsetodisclosureisexacerbatedbyconditionsassociatedwithhigherinherentreportingrisk,includingauditorturnoverandhigh-riskindustrymembe

4、rship.However,wefindthatthenegativemarketresponsetodisclosureismitigatedwhenthefirmhasengagedahighqualityauditor.Inaddition,wefindthatthenegativemarketreactionfordisclosingfirmsisdampenedwhenthefimTspreviouslyreportedearningshaveanabnormallyhighaccrualscomponent.Thisresultiscons

5、istentwiththedisclosurehavinglowerinformationcontentwhenpoorearningsqualityhasalreadybeenconveyedbyhighabnormalaccruals.Keywords:earningsquality;informationuncertainty;reportingcredibility;Sarbanes-Oxley;regulationLIntroductionRecentaccountingseandalshaveledtoincreasedinterestin

6、tothedeterminantsandconsequencesoflowfinancialreportingquality.AseriesofcongressionalinquiriesintotheintegrityoffinancialreportingsystemsintheUnitedStatesculminatedwiththepassageoftheSarbanes-OxleyAct(SOX)in2002.Amongotherprovisions,SOXrequiresfirmstoidentifyanddisclosematerialw

7、eaknessesininternalcontrolsoverfinancialreporting.Onepotentialeffectofthesedisclosuresisareductionoftheaveragelevelofinformationuncertaintyinthemarket.EasleyandO^Hara(2004)showsthatinformationuncertaintymaybeanon-diversifiableriskfactorpricedbyinvestors.Therefore,regulationthatr

8、educessystematicinformationriskmayreducetheaver