To Examine Audit and Non-audit Fees Disclosed in the Annual Reports by Company and Industry
EachThis research aims to examine audit and non-audit fees disclosed in the annual reports by company and industry. Research questions are how audit and non-audit fees disclosed in German financial service companies? What are compositions of NAS fees in researched companies from 5 industries in 2015? What are trends of audit and non-audit fees in researched companies? And what are reasons behind trends? According to these questions, relative explanations and theories will be represented. The final research question is that are current regulations issued by the SEC, the PCAOB and the EC effective to eliminate adverse impacts of NAS? This research firstly examines how audit and non-audit fees disclosed in annual reports by company and industry, through investigating audit and non-audit fees in German financial companies and compositions of NAS fees in 61 companies from 5 industries in 2015, then observing trends of audit and non-audit fees in researched companies and exploring reasons behind trends. Finally trying to evaluate the effectiveness of regulations research issued by the SEC, the PCAOB and the EC. With regard to purposes to address these questions, since the topic of this research is about NAS, which cannot be comprehensively surveyed without the consideration of audit services, and they need to be compared with each other in the research process to arouse conclusions. Thus audit and non-audit fees are employed as the measurement of audit services and NAS provided by accountancy firms. Another important theme of this research is auditing regulations, as the final objective is to prove the justification of NAS, the effectiveness of legislations and regulations is evaluated, helping to get the conclusion.
Impact of Monetary Policy on Growth and Poverty: Drastic Consequences of Government Intervention
It is unfortunate that growing poverty and widening rich-poor gaps at the initial stage of globalization created several questions about the future of liberalization regime. The present world has been divided into two parts. The upcoming distribution is not geographical. Every region is silently being divided into masters and slavers. This study is mainly concerned with the role of monetary policy in determining the level of poverty in a country. It was concluded in this study that monetary expansion– either to finance the budget deficit or credit to private sector – will always lead the inflation. The increase in the supply of goods and services will be required to defuse the demand pull inflationary pressure. Consequently credit easing policies to boost the investment activities will be required. It indicates the complexities in intervention policies. One intervention requires further intervention to set off the side effects and tuning of the outcomes of policy measures. It was concluded in this study that a parallel qualitative easing is always required with the quantitative easing for tuning the rate of GDP growth, investment, inflation, unemployment and level of poverty.
Current Status and Future Prospects of China’s Peer-to-Peer Lending Regulation
China’s peer-to-peer lending industry is now at a critical moment that the Draft Measures on P2P lending regulation has just been put forward, determining the industry’s future direction of development. This research is going to analyze the current status of China’s P2P lending market and its regulation first. Then comparing China with the US and the UK in terms of P2P lending business models and regulation. Finally combining China’s own features and the US & UK’s experiences to find out the problems with China’s P2P lending regulation and provide corresponding recommendations to solve the problems.
