dc.contributor.author | Wang, Jing | |
dc.contributor.author | Hooper, Keith | |
dc.date.accessioned | 2015-07-03T02:00:47Z | |
dc.date.available | 2015-07-03T02:00:47Z | |
dc.date.issued | 2014 | |
dc.identifier.uri | https://hdl.handle.net/10652/2895 | |
dc.description.abstract | This paper aims to examine the extent of goodwill impairment in listed companies of China and the audited disclosure of of goodwill. China is an important adopter of International Financial Standards but the question remains as a recent adopter, to what extent contentious issues such as goodwill impairment are implemented. The research analyzes the financial and share market information gathered from the top 50 companies listed on the Shanghai Stock Exchange. The findings reveal that goodwill amortization has been discontinued and replaced by goodwill impairment, but interestingly the Big Four Western audit firms, with a plethora of clients are less likely to be intimidated by Chinese managers into ignoring impairment than small local firms, which may be more dependent on these large Chinese corporations for their existence. However findings indicate that negative finacial and share market information show some correlation with goodwill impairment when impairment occurs. The most significant finding is that the analysis reveals that there remains a wider problem with adequate disclosure in the notes to the accounts as to whether and why goodwill should be impaired or not. | en_NZ |
dc.language.iso | en | en_NZ |
dc.publisher | Virtus Interpress | en_NZ |
dc.rights | All rights reserved | en_NZ |
dc.subject | China | en_NZ |
dc.subject | disclosure | en_NZ |
dc.subject | listed companies | en_NZ |
dc.subject | International financial reporting standards | en_NZ |
dc.subject | impairment | en_NZ |
dc.subject | goodwill | en_NZ |
dc.title | Recognition and disclosure of impairment in China | en_NZ |
dc.type | Journal Article | en_NZ |
dc.rights.holder | Virtus Interpress | en_NZ |
dc.subject.marsden | 150104 International Accounting | en_NZ |
dc.identifier.bibliographicCitation | Wang, J., and Hooper, K. (2014). Recognition and disclosure of impairment in China. Corporate Ownership & Control Journal, 12(1), pp.709-716 | en_NZ |
unitec.institution | Unitec Institute of Technology | en_NZ |
unitec.publication.spage | 709 | en_NZ |
unitec.publication.lpage | 716 | en_NZ |
unitec.publication.volume | 12 (1) | en_NZ |
unitec.publication.title | Corporate Ownership & Control Journal | en_NZ |
unitec.peerreviewed | yes | en_NZ |
dc.contributor.affiliation | Unitec Institute of Technology | en_NZ |
unitec.identifier.roms | 57465 | en_NZ |
unitec.institution.studyarea | Accounting and Finance | |