Heidi Hylton Meier

An Economic Analysis of Costs Associated with Development of a Cell Salvage Program

BACKGROUND:The increasing cost of blood products and associated risks of transfusion have lead to a heightened interest in techniques which reduce or replace allogeneic blood transfusion. The use of cell salvage is being explored in a number of institutions. We present financial information which may be useful to institutions that are considering the addition of a cell salvage service. METHODS:A review of the cell salvage data from 2328 patients was used to estimate the average cost of a packed red blood cell unit equivalent processed by cell salvage equipment. In addition, an analysis was performed to assess the break-even point of establishing a cell salvage service. RESULTS:Initial capital outlay to establish a cell salvage service at this institution was

Auditor lobbying for accounting standards: The case of banks and savings and loan associations

103,551. The annual fixed operating cost was

CAP Forum on Forensic Accounting in the Post‐Enron World: Audit Committees and Misappropriation of Assets: Publicly Held Companies in the United States*/LES COMITÉS DE VÉRIFICATION ET LE DÉTOURNEMENT DE BIENS: LES SOCIÉTÉS OUVERTES AUX ÉTATS‐UNIS

250,943. The average cost of transfusion of an allogeneic packed red blood cell unit was

A Comprehensive Study of Named Marketing Chairs at Colleges and Universities in 2002

200. For an equivalent cell salvage unit, the cost was

Achieving globalization of AACSB accounting programs with faculty-led study abroad education

89.46. The payback period was 1.9 mo. CONCLUSION:This analysis suggests that cell salvage can be significantly less expensive than allogeneic blood. The cost of cell salvage in other institutions will vary depending upon case volume, expected levels of blood loss per case, and initial investment costs. A step-by-step formula is provided to assist in the evaluation of a cell salvage service in hospitals of various sizes.

The Perceived Effectiveness of the Officer Certification Requirement Under Sarbanes‐Oxley

Abstract This study examines auditor lobbying on seven proposed US accounting standards which affect banks and savings and loan associations. Evidence is provided in support of the Watts and Zimmerman (1982, 1986) theory on auditor lobbying. Watts and Zimmerman (WZ) hypothesise that auditor lobbying is a function of the client-manager position and a set of wealth effect variables. These variables may provide an incentive for auditors to disagree with their clients on proposed accounting issues. The WZ model is modified by including an audit risk variable. Results show that the model is statistically significant and that the identified wealth and audit risk effects are significant explanatory variables of auditor lobbying behaviour.

The US cap and trade initiative: current status and potential impact on business

The majority of previous studies investigating the different risk factors associated with financial fraud have focused on investigating misreporting. A few studies have provided only a limited descriptive analysis of cases involving misappropriation of assets without investigating the corporate governance structure and its role in reducing the incidence of misappropriation. Only Beasley (1996) has examined financial fraud and corporate governance structure by combining cases of misreporting and misappropriation of assets by top management. This study investigates the relationship between the incidence of misappropriation of assets by employees, including management, and the effectiveness of the audit committee. Using LEXIS-NEXIS Research Software 7.1, Business/Finance News to find relevant articles, we identified publicly held companies suffering misappropriation of assets by employees during the period from 1987 to 2000. The study investigated 81 companies experiencing misappropriation and two control samples: 81 random-control companies and 81 matched-control companies. The results extend the previous literature related to financial fraud and corporate governance. The percentage of independent members in audit committees and the average tenure of audit committee members were significantly and negatively related to the incidence of misappropriation of assets in publicly held companies in both the random and the matched models, while the number of audit committee meetings was not significant.

A Control Model for Assessing Quality Costs

There are currently 195 marketing faculty in the United States receiving the distinguished title of chair, professor, or fellow at their university in 2002. This study uses information from Hasselbacks Marketing Faculty Directory 2002-2003 regarding these named chairs and the schools at which they are teaching to determine: (1) a personal profile of the individuals characteristics, and (2) the characteristics of the schools providing these named professorships, their sponsors. This study goes beyond traditional measures and examines other dimensions of named chairs in marketing to provide insight into the individuals and schools that donors are currently supporting.

Management of Excess Cash: Practices and Developments

ABSTRACT This paper is motivated by recommendations from the American Assembly of Collegiate Schools of Business (AACSB), the Pathways Commission, and NAFSA: Association of International Educators to increase global exposure in the accounting curriculum. Some schools have responded to these demands by offering short-duration, faculty-led, study abroad programs. We explain how these programs play a vital role in fulfilling the educational advisory boards’ calls to internationalize the accounting curriculum and investigate the extent to which schools are incorporating these programs. This paper provides a review of the details from our hand-collected data on the short programs that are offered by AACSB-accredited institutions. We integrate the information from our collection of data on existing programs, prior literature, pronouncements from educational advisory boards, and select faculty interviews to offer an analysis of the course design and travel considerations for schools contemplating such an opportunity for students in their programs.

Audit Committees and Misappropriation of Assets: Publicly Held Companies in the United States

The Sarbanes‐Oxley Act of 2002 brought about sweeping changes that were meant to improve corporate reporting in the United States and to restore investor confidence following some of the largest business failures in US history. This study examines one requirement of this legislation, the certification of the financial statements by the Chief Executive Officer (CEO) and the Chief Financial Officer (CFO) by surveying stakeholder constituent groups to determine whether this new requirement is effective in accomplishing the goals established by Congress and the Securities and Exchange Commission (SEC). This is accomplished by using Camerons strategic constituencies model to test seven research questions developed from the current literature which provides various points of view regarding the appropriateness of the CEO/CFO certification. Based on the results of these tests, we see that there are significant differences among the perceptions of the constituent groups as to the effectiveness of this requirement.