We examine whether prior findings on the market pricing of accruals quality (AQ) can be attributed to other forms of accounting-based anomalies. Using hedge portfolio analysis and cross-sectional regressions, we find that the return predictive power of AQ overlaps with several other accounting signals.
Regulators are concerned that auditors do not sufficiently identify and report material weaknesses in internal control over financial reporting (ICFR).
Prior research documents that auditors fail to revise audit plans to effectively address identified fraud cues. While auditors may understand what evidence would address such cues, we propose that auditors fail to apply this understanding because they use implemental mindsets when making decisions for themselves (i.e., deciding). However, we also propose that auditors use deliberative mindsets when advising.
Every year, we have a challenge: to select just 100 women to receive our Canada’s Most Powerful Women: Top 100 Awards. These are women who personify what it means to be powerful through the way they empower and champion others, influence change and stand up for all of us. And as Top 100 winners, they stand among more than 1,000 powerful leaders across Canada who share that honour… and our thanks.
The Chartered Professional Accountants of Ontario (CPA Ontario) celebrated the appointments of those named to CPA Fellowship. Among the 50 newly named FCPAs, were 8 SAF alumni and Dave Vert, retired faculty member of Waterloo’s School of Accounting and Finance (SAF).
Mike focuses on financial literacy month. First, Judith Robertson, Commissioner of the Financial Consumer Agency of Canada, speaks about what her organization does and what they’re focusing on during financial literacy month. Then Tracy Hilpert, a Lecturer of Managerial Accounting with the University of Waterloo’s School of Accounting and Finance and the Director of the department’s Financial Literacy Competition joins to explain how their competition teaches financial literacy to high school students and how classes can get involved.
Global Summit of Women in Accounting and Finance showcases women’s leadership and SAF’s global presence
Globally, 2020 has been a year of unanticipated decision-making as organizations pivoted to ensure business success, often with
Toronto, ON, September 29, 2020 – CFA Societies Canada announces University of Waterloo as the winning team following the 4th annual CFA Societies Canada Ethics Challenge. The announcement was made at the virtual competition, marking the end of the 2020 competition.
Environmental, social, and governance (“ESG”) scores have been widely touted as indicators of share price resilience during the COVID-19 humanitarian crisis. We undertake extensive analyses to investigate this claim and present robust evidence that, once the firm’s industry affiliation and accounting- and market-based measures of risk have been properly controlled for, ESG scores offer no such positive explanatory power for returns during COVID-19.
The cannabis industry is booming and Hanoz Kapadia credits the School of Accounting and Finance (SAF) for giving him the confidence to not only be part of the decision-making, but to own it.