Apr '20


The IUP Journal of Accounting Research and Audit Practices.

ISSN: 0972-690X

A peer reviewed journal indexed on Cabells Directory, and also distributed by EBSCO and Proquest Database

It is a quarterly journal that offers papers on Financial accounting, Management accounting, Accounting standards, Taxation, IT-accounting interface; R&D reporting biases and their consequences; Corporate disclosures and Standards of reporting reflecting better governance, Environmental accounting and reporting; Auditing research, Internal and external audits, Ethics in reporting, etc.

Privileged access to Online edition for Subscribers.

Focus Areas
  • Financial Accounting
  • Management Accounting
  • Forensic Accounting
  • Accounting Standards
  • Taxation
  • IT Accounting Interfacing
  • Auditing
  • Corporate Disclosures
  • Internal Audit
  • Audit of Financial Statements
  • Audit Education
  • Cost Audit
  • Tax Audit
  • Audit Standards and Assurance
  • Social Audit
  • Environmental Audit
  • Quality Audit
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Article   Price (₹) Buy
Forensic Accounting and Its Applications: Evidence from the Indian Life Insurance Sector
50
The Impact of Profitability, Leverage, Efficiency and Liquidity on Returnon Equity: The Case of Indian IT Companies
50
Determinants of Stock Price Volatility: A Time Series Analysis
50
The Effect of Accounting Framework on the Utility of Fundamental Tools
50
       
Contents: (Apr 2020)

Forensic Accounting and Its Applications: Evidence from the Indian Life Insurance Sector
Joy Chakraborty, Arkaprabha Das and Ishani Roy

Though insurance fraud is a victimless fraud in India, the role of forensic accountants came into prominence in recent times due to rising instances of frauds and white-collar crimes in the country's insurance sector. It has been found that, on an average, 8.5% of the revenues generated from the country's life insurance sector are accounted to fraud loss every year. The first such instance of fraud in the country's life insurance sector was reported in the case of SBI Life, for violating the regulatory norms in safeguarding the policyholders' interest and maintenance of proper internal controls. In this context, the present study makes an attempt to investigate the possible anomalies in the operating expenses of SBI Life, covering a period of 10 years from 2011 to 2020. For this purpose, the application of Benford's Law, coupled with empirical analysis through chi-square, Z-test and mean absolute deviations, has been employed to check the conformity of the observed dataset in line with Benford's distribution. The study points out the necessity of investigation in case of a few leading digits showing higher deviations from Benford's distribution, thereby providing scope for further investigation of the observed dataset of SBI Life.


© 2020 IUP. All Rights Reserved.

Article Price : Rs.50

The Impact of Profitability, Leverage, Efficiency and Liquidity on Returnon Equity: The Case of Indian IT Companies
Faizan Ulhaqq Ansari

The present study aims to distinguish the relationship between profitability, leverage, efficiency, liquidity and Return on Equity (ROE) and examine the effects of these factors on ROE of Indian IT companies listed on National Stock Exchange. By considering the data of nine Indian IT companies from 2004-05 to 2018-19, this study found that each independent variable plays a significant role and contributes to derive variation in the ROE. The ROE of IT companies mostly relies on profitability of a firm as profitability is positively related and highly impactive, and contributes to derive a large amount of variation in the ROE. Further, leverage and efficiency of a firm are positively and significantly related to ROE, while on the contrary, liquidity has significant negative relationship with ROE. Overall, profitability, leverage, efficiency and liquidity play a significant role and contribute to variation in ROE of a firm.


© 2020 IUP. All Rights Reserved.

Article Price : Rs.50

Determinants of Stock Price Volatility: A Time Series Analysis
M L Ashoka, Abhishek N and M S Divyashree

The purpose of this paper is to examine the determinants of stock price volatility using the data of the 30 Sensex companies listed on the Bombay Stock Exchange in India. A linear regression model is used to find out the relationship between the variables. The study reveals that all the independent variables, except dividend payout, have a significant relationship with stock price volatility. The study provides insights on factors that contribute to a firm's decision to engage or disengage in a dividend payment policy. The study reinstates the negative relationship between stock price volatility and dividend yield and firm size, while confirming the positive nexus between stock price volatility and leverage and earnings per share.


© 2020 IUP. All Rights Reserved.

Article Price : Rs.50

The Effect of Accounting Framework on the Utility of Fundamental Tools
Diwahar S Nadar and Bharti Wadhwa

The accounting framework of any economy is the bedrock on which the financial statements are crafted. The financial statements so created are the core of fundamental analysis. The information from financials is used as inputs for various fundamental tools. These fundamental tools aid in value investing, insolvency prediction and earnings management, amongst others. Thus, the accounting framework of an economy would be indirectly influencing the outcome of fundamental analysis. The present paper, in a sectional manner, studies the effect of accounting standards and accounting policies on 10 selected fundamental tools. In the first section, using the Indian FMCG sector as a proxy, the study uses the company's financials based on old and new accounting standards. With the aid of Total Proportionality Index and Wilcoxon signed rank test, the effect of accounting standard is assessed. In the second section, by using a dummy 11-year financial model and applying Wilcoxon signed rank test, the effect of accounting policies in three areas-depreciation method, PPE valuation method and inventory valuation method-are assessed. Based on the significance level of impact, the most robust fundamental tool is identified in each section.


© 2020 IUP. All Rights Reserved.

Article Price : Rs.50

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