Empirical analysis of determinants of audit fees in China Essay

Empirical analysis of determinants of audit fees in China - Essay Example However, financial information about some of the listed companies was missing for which the Chinese database RESSET was used as the supplementary source. Apart from this, annual report of some of the companies was also checked. The data that are considered for the study are of 2011. For the analysis of the collected data SPSS, statistical software has been used. The first section is based on the analysis of the whole data set that comprises of data of the listed companies of both Shenzhen and Shanghai. The second section analyses the data of the two cities separately. 4.2 Descriptive Statistics of whole sample The Table 1 given below shows the statistics for the audit fees with respect to the other variables. As the table shows that the minimum audit fees is ?1.00 million, whereas the maximum is ?3.51 million. This reveals that there is a huge difference between the audit fees of the two cities. However, the average audit fees in these two cities are ?3.51 million. This huge differen ce can be due to the factors like characteristics of the area and financial position of the company, which are located at the various places of the two cities. ... The minimum inventory ratio is 0 while the maximum is .94. The average inventory ratio is 0.18. The inventory ratio depicts a huge difference between the maximum and minimum levels. Some of the organizations are seen to have no inventories at all while some other companies are having a high level of inventory with them. This ratio helps in determining the fact whether the organization is making optimum utilization of resources. Therefore, a high inventory ratio is not good for the organization (Barthwal, 2007; Anupindi et al., 2008). Accounts receivables is the claim that is paid in cash and in exchange for the product and services that are provided by the company. The position of accounts receivable in comparison to the total assets of the firm is shown by the accounts receivable ratio. It signifies the complexity of the organization (Jiambalvo, 2009; 2007; Weil, 2012). The table 1 shows that the accounts receivable ratio ranges between the minimum value of 00 and the maximum value of 0.60. The average account receivable ratio is 0.93. The intangibles ratio of the firm is another factor, which is considered to affect the auditor’s fees. When the intangible assets are compared to the total asset, it is seen that the ratio is at a minimum level of 00 and the maximum level of 0.67. The average intangible ratio is 0.05. This reveals that some of the companies do not have any type of intangible assets while some others have. The current ratio is another factor that may affect the audit fees. The current ratio is calculated by dividing the current assets by the current liabilities (Lasher, 2013; Pratt, 2010; Gibson, 2012). The minimum current ratio is 0.11 and the maximum is 204.74. This signifies that there exists a huge

Anecdotal Record Assignment Example | Topics and Well Written Essays - 500 words

Anecdotal Record - Assignment Example Teacher Anthony walked up to Jane and asked,† What is happening here,† John replied by saying, â€Å"It is Jane who is bullying me around† Jane further stated, â€Å"Why doesn’t he take his problems to another place.† John further stated â€Å"I have a right to be in this center same as you; therefore I do not see a reason why I should not participate in the activity of my choice.† There was context in Jenifer’s dance as he was responding to the emotions she was feeling about her father’s death. Children are mostly attached to their parents while they are young and while they pass on, they are affected psychologically (Thomas, 2009). Jennifer is expressing her sadness because of her father’s death. It has been established that â€Å"one of the purposes of working with young children is to help them develop their social and emotional issues. When children are involved in independent activities the things they do are reflected in their actions.† By so doing, the teacher manages to establish issues affecting the child, which are then, take care of through counselling as in the case of Jennifer. There was context in Jane’s behavior when he dragged John of the stage. â€Å"In most case the behavior that is seen in children is a replica of what they are going through in their lives.† For example, Jane’s action reflect lack of attention at home from the parents and, therefore, taking out the anger on another student (Frydenberg, Deans & OBrien, 2011). Jane was expressing anger towards John because of the way her parent treats her at home. â€Å"The most significant thing while attending to children is to understand the underlying problem before reprimanding them to understand their social and emotional; problems. By so doing, such issues may be addressed woven if it means calling in the parents to discuss how to help the child.† Frydenberg, E., Deans, J., & OBrien, K. (2011). Developing