Announcement
ACCOUNTING AND BUSINESS RESEARCH
A research quarterly published by the Institute of Chartered Accountants in England and Wales
Editors: R. H. Parker, University of Exeter C. W. Nobes, University of Reading
CONTENTS
The Management of Foreign Exchange Risk in UK Multinationals: An Empirical Investigation
The Origin of General Limited Liability in the United Kingdom
Determining Meaningful Sales Relational (Mix) Variances
Intangible Marketing Assets: A Managerial Accounting Perspective
The Pricing of Initial Offerings of Privatised Companies on the London Stock Exchange
Further Evidence on Accounting Choices: The South of Scotland Electricity Board, 1978-1988
Human Information Processing and the Consistency of Audit Risk Judgments
An Induced Theory of Financial Ratios
Financial Reporting: Current Problems and Their Implications for Systematic Reform
Book Reviews
Winter 1990
P. A. Belk Martin Glaum
E. A. French
Brian Gibson
C. Guilding R. Pike
Kojo Menyah Krishna N. Paudyal C. G. Inyangete
W. M. Mclnnes
Jerry R. Strawser
Mark Tippett
D. P. Tweedie G. Whittington
Subscriptions should be sent to 40 Bernard Street, London WC1N 1LD, England. Subscription rates are
UK Overseas Overseas Airmail
Individual £23 £25 £30
Student £12 £13 £18
Corporate/Individual £34 £35 £40
All subscriptions can be paid in US dollars at current rates of exchange.
Announcement
ACCOUNTING AND BUSINESS RESEARCH
A research quarterly published by the Institute of Chartered Accountants in England and Wales
Editors: R. H. Parker, University of Exeter C. W. Nobes, University of Reading
CONTENTS
Secret Reserves or Special Credits? A Reappraisal of the Reserve and Provision Accounting Policies of the Royal Mail Steam Packet Company
Beta Geared and Ungeared: Further Analysis of the Case of Active Debt Management
Modigliani and Miller Again Revisited: The Cost of Capital Under the Assumption of Unequal Borrowing and Lending Rates
Risk Analysis in Capital Budgeting Contexts: Simple or Sophisticated?
Corporate Mergers and Shareholder Wealth Effects: 1977-1986
Accounting for Convertible Loan Stock A Decomposition Approach
Cycles in UK Standard Setting
A Framework for Evaluating Process Quality for Audit Engagements
Book Reviews
Summer 1991
A. J. Arnold
Colin D. B. Clubb M. J. Dempsey
Simon S. M. Ho Richard H. Pike
R. J. Limmack
W. M. McInnes P. D. Draper A. Marshall
Christopher Nobes
Steve G. Sutton James C. Lampe
Subscriptions should be sent to 40 Bernard Street, London WC1N 1LD, England. Subscription rates are
UK Overseas Overseas Airmail
Individual £23 £25 £30
Student £12 £13 £18
Corporate/Individual £34 £35 £40
All subscriptions can be paid in US dollars at current rates of exchange.
Announcement
ACCOUNTING AND BUSINESS RESEARCH
Volume 21 Number 84 Autumn 1991
CONTENTS
An Empirical Analysis of Current US Practice in Evaluating and Controlling Overseas Operations Orapin Dunangploy Dhali Gray
The Expanded Audit Report — An Empirical Investigation David Hatherly John Innes Tom Brown
Economic and Accounting Rates of Return: A Statistical Model Gary Kelly Mark Tippett
Model Predictions and Auditor Assessments of Going Concern Status Hian Chye Koh
Agency and the Excessus Balance in Manorial Accounts Christopher Noke
‘True and Fair’: UK Auditors’ View R. H. Parker C. W. Nobes
A Comparative Analysis of the Impact of Accounting Principles on Profits: The USA versus the UK, Sweden and the Netherlands Pauline Weetman
Book Reviews
Bound Volumes of Accounting and Business Research
Bound volumes with index of Volume 8 1977-78 onwards are available from the Subscriptions Manager, Accounting and Business Research, 40 Bernard Street, London WC1N 1LD, England.
Subscribers wishing to have their own copies bounc enquiries to Messrs. George Woodhead and Co., Manchester M1 5GP, England. should address their 1 Gloucester Street,
Microfilm copies of back numbers are available from Microfilm Ltd., East Ardsley, Wakefield, West Yorkshire WF3 2AT, England.
Subscription Rates
UK Overseas Individual £23 £25 Student £12 £13 Corporate/Individual £34 £35 Overseas Airmail £30 £18 £40
All subscriptions can be paid in US dollars at current rates of exchange.
Announcement
ACCOUNTING AND FINANCE
Vol. 31 No. 1 May 1991
THE VOLUNTARY PRESENTATION OF VALUE ADDED STATEMENTS IN AUSTRALIA: A POLITICAL COST PERSPECTIVE
Craig Deegan and Anthony Hallam 1
TOWARDS A CONCEPTUAL FRAMEWORK FOR GOVERNMENT AUDITING
D. J. Hardman 23
DIRECT LABOUR COST ALLOCATION FOR A MULTI-PRODUCT HOSPITAL LAUNDRY
James E. Everett and Paul B. McLeod 39
THE DETERMINANTS OF BROKERAGE FEES IN A COMPETITIVE ENVIRONMENT
Michael J. Aitken 51
EXTERNAL AUDITOR EVALUATION OF THE INTERNAL AUDIT FUNCTION
William R. Edge and Alan A. Farley 69
EDUCATION NOTES 84
PRIOR ACCOUNTING EDUCATION AND PERFORMANCE IN A FIRST-LEVEL UNIVERSITY COURSE IN NEW ZEALAND
Stephen P. Keefand Keith C. Hooper 85
BOOK REVIEWS 93
“Accounting and Finance”: Referees Reports Received 103
Journal of the
Accounting Association of Australia and New Zealand
Announcement
CONTEMPORARY Vol 7 No 2 Spring/printemps 1991
ACCOUNTING
RESEARCH / RECHERCHE
COMPTABLE
CONTEMPORAINE
Contents Articles
Strong-Form Efficiency on the Toronto Stock Exchange: An Examinmation
of Analyst Price Forecasts L. D. BROWN, G. D. RICHARDSON
AND C. A. TRZCINKA 323
La réaction des titres canadiens aux changements dans les prévisions
de bénéfices comptables J.-M. SURET ET J.-F. L’HER 347
The Reaction of Canadian Securities to Revisions of Earnins Forecasts
J.-F. L’HER AND J.-M. SURET 378
Master Limited Partnerships: An Examination of Changes in Dividend
Distribution Policy W. H. SHAW 407
Discussion of “Master Limited Partnerships: An Examination of Changes
in Dividend Distribution Policy” D. B. THORNTON 424
Financial Disclosure Effects on Labor Contracts: A Nash Analysis
P. CHALOS, J. CHERIAN AND D. HARRIS 431
Selected Auditor Communications and Perceptions of Legal Liability
M. M. JENNIGNS, D. C. KNEER AND P. M. J. RECKERS 449
A Model of Translation of Foreign Financial Statements Under Inflation
in the U.S. and Canada R. R. ELITZUR 466
Distinctive Characteristics of Entites With an Internal Audit Department and the Association of the Quality of Such Departments With Errors
W. A. WALLACE AND R. W. KREUTZFELDT 485
An Examination of the Effect that Commitment to a Hypothesis Has
on Auditors’ Evaluations of Confirming and Discontinuing
Evidence B. K. CHURCH 513
Factors Affecting Auditors’ Perceptions of Applicable Decision Aids For
Various Audit Tasks M. J. ABDOI.MOHAMMADI 535
Auditor Evaluation of Loss Contingencies
K. RAGHUNANDAN, R. A. GRIMLUND AND A. SCHEPANSKI 549
Book Reviews/Compte rendu de livres
Editor/Rédacteur: Daniel B. Thornton
W. J. Buckwold, Canadian Income Taxation: A Management
Approach A. MACNAUGHTON 570
R. N. Anthony, The Management Control Function C. V. SIMMONS 575
M. Calpin, Understanding Audits and Audit Reports D. NEU 581
K. W. Clowes, EDP Auditing R. WEBER 585
Manuscripts Accepted for Future Publication 594
AD HOC Reviewers 1990-1991 595
