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Reading Analysis

The document is a reading analysis format completed by a student named Mark Lovie D. De La Cruz, focusing on a study about the relationship between profitability and compliance with International Financial Reporting Standards (IFRS) in publicly listed corporations in the Philippines. It outlines important concepts, explanatory relationships, and further research questions related to the reading. Key topics include the significance of independent auditor reports and the correlation between profitability and compliance levels.

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Mark Lovie De La Cruz
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16 views2 pages

Reading Analysis

The document is a reading analysis format completed by a student named Mark Lovie D. De La Cruz, focusing on a study about the relationship between profitability and compliance with International Financial Reporting Standards (IFRS) in publicly listed corporations in the Philippines. It outlines important concepts, explanatory relationships, and further research questions related to the reading. Key topics include the significance of independent auditor reports and the correlation between profitability and compliance levels.

Uploaded by

Mark Lovie De La Cruz
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Reading Analysis Format

Name of student: Mark Lovie D. De La Cruz


Program: BSA
Student ID: 21-0060
Date: Feb. 18, 2024

Title of Reading: “THE RELATIONSHIP BETWEEN PROFITABILITY AND

THE LEVEL OF COMPLIANCE TO THE

INTERNATIONAL FINANCIAL REPORTING

STANDARDS (IFRS): AN EMPIRICAL INVESTIGATION

ON PUBLICLY LISTED CORPORATIONS IN THE

PHILIPPINES” by Rodiel C. Ferrer,


Glenda J. Ferrer

1. What are the important concepts in the reading? What does each concept
mean?

Conce Quotes My Needs Initial


pt from understandi clarification: understandings
reading ng in my My about my questions
with page own words questions
numbers about these
concepts
Indepe “Independe Audit report of What is the Importance of
ndent nt Auditor’s an independent importance independent auditor's
auditor Report” auditor of an report in a company
report Page 62 independent
is auditor's
import report?
ant in
a
compa
ny
Good “high Those who What is the The effect of good
corpora quality, practice good effect of corporate
te profitable corporate good governance in a
govern companies governance corporate company
ance is who increases governance
Essenti practice equity's value in a
al in a high company?
good standard,
corporate marketable
governanc entities
e to
enhance
shareholde
r’s value”;
Page 63

2. What are the important explanatory relationships covered, if any, in the


Reading?

Important explanatory Questions about these My initial understanding


relationships in the relations which need
reading clarification
Profitability and levelof How does profitability Correlation between
compliance correlate with level of profitability and level of
compliance? compliance
Academe and auditing firms How does these entities Method of compliance with
comply with the standard? the standard

3. What further questions for research are suggested by the article?

Portion of article (quote Questions suggested by the article for further


and page) research

“agency problems” What are the common problems that the entities face
Page 63 today?
“Audit is as dynamic as the How does audit takes place in an entity?
changing landscape of
business"
Page 78

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