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emerging/innovative research session

    Stephanie Dehning Grimm
    A Simulation Study of the Effects of Perceived Risk and...
    emerging/innovative research session posted August 3, 2011 by Stephanie Dehning Grimm 
    500 Views, 2 Comments
    title:
    A Simulation Study of the Effects of Perceived Risk and Information Sharing on the Internal Control Reporting Process
    author(s), affiliation(s):
    Stephanie Grimm and Sheneeta White, University of St. Thomas
    date:
    August 9, 2011 at 01:00am
    abstract:

                The Sarbanes Oxley Act (SOX) mandated the evaluation of internal controls over financial reporting by management and the company’s public auditor. Our simulation study investigates the role of perceived risk and information sharing on the internal control audit process. We interpret various scenarios as corresponding to the Pre-SOX period, SOX implementation year, SOX early years, and SOX later years. We use the regulatory guidance from AS2 and AS5 to motivate how variables of the auditor’s historical relationship with its client, information sharing and perceived risk affect the tasks in the audit process. We also test for the bullwhip effect, an operations phenomenon of over production, and discuss how the effect can be mitigated.

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    • Robert E Jensen

      From the Scout Report on October 11, 2013
      Modeling And Simulation Tools For Education Reform ---  http://www.shodor.org/master/

      Created by the Shodor Education Foundation, Inc., the Modeling And Simulation Tools for Education Reform (MASTER) provide useful educational tools that help students and teachers learn through observation and modeling activities. The Shodor Foundation worked in tandem with the National Center for Supercomputing Applications, George Mason University, and other educational organizations to craft these tools and visitors can access all eight of them here. The Fractal Modeling Tools are a good place to start as visitors can download the required software or take in some instructional materials, such as the interactive fractal microscope and the snowflake fractal generator. Other notable areas here include The Pit and the Pendulum, which offers the work of Edgar Allan Poe as a way to learn about better reading through computation.

      Bob Jensen's threads on Tools and Tricks of the Trade ---
      http://www.trinity.edu/rjensen/000aaa/thetools.htm

      GeoGebra (resources, including software, for teaching and learning mathematics) --- http://www.geogebra.org/cms/en/

      Statistics Explained Through Modern Dance: A New Way of Teaching a Tough Subject ---
      http://www.openculture.com/2013/10/statistics-explained-with-modern-dance.html

      Mathematical Association of America: Reviews
      http://www.maa.org/publications/maa-reviews

    • Robert E Jensen

      Auditors had identified material weaknesses in financial reporting at about 30 percent of the companies that later disclosed accounting problems. Chief executives were named in 111 of the 127 fraud cases, and chief financial officers were identified in 108 of the cases ---
       New York Times:  Sarbanes-Oxley, Bemoaned as a Burden, Is an Investor’s Ally ---
       https://www.nytimes.com/2017/09/08/business/sarbanes-oxley-investors.html