Mandatory auditor rotation is designed to increase auditor independence. However, there already exist substantial regulations that ensure auditor independence, such as mandatory audit partner rotation, requiring auditor selection and supervision by audit committees consisting of independent directors, and limitations on the non-audit fees audit firms receive from the companies they audit. Many ...

The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. This paper analyzes the Corporation of Foreign Bondholders (CFB), an association of British investors holding bonds issued by foreign governm...

Traditionally there has been a stark contrast between ‘cathedrals of learning’ (universities) and ‘cathedrals of earning’ (corporations). In the last few decades, however, it has been increasingly argued that university organizations need to be more similar to corporations and that there should be greater interaction between universities and corporations. Arguments along these lines have been p...

What forces shape corporation law? The basic framework that produces corporation law in the United States is readily apparent. Under the United States’ system of corporate law federalism, each state has the power to make its own laws concerning how corporations are to be governed, and a corporation may then select which state’s law will regulate its internal affairs by incorporating in that sta...

We create and release the first publicly available commercial customer service corpus with annotated relational segments. Human-computer data from three live customer service Intelligent Virtual Agents (IVAs) in the domains of travel and telecommunications were collected, and reviewers marked all text that was deemed unnecessary to the determination of user intention. After merging the selectio...

+*Hamadouche, M (A-USBiomaterials Corporation, Ceraver Osteal); *Meunier, A; **Greenspan, D C. (E-USBiomaterials Corporation); *Blanchat, C; **Zhong, J P (E-USBiomaterials Corporation); **La Torre, G P. (E-USBiomaterials Corporation); *Sedel, L +*Laboratoire de Recherches Orthopediques, Faculte de Medecine Lariboisiere-St Louis, Universite D. Diderot, Paris VII, Paris, France. 10 Ave de Verdun,...

This paper presents some novel interface techniques for the visualization of scalar field data in virtual reality environments. In particular, we discuss the direct manipulation of isosurfaces and cutting planes and give general guidelines for design of user interfaces and algorithms for scientific visualization in virtual environments. This work was motivated by the need to visualize scalar fi...

Background and Objectives: Virtual inertia control, as a component of a virtual synchronous generator, is used for the implementation of synchronous generator behaviour in microgrids. In microgrids that include high-capacity distributed generation resources, in addition to virtual inertia, virtual damping can also lead to improvement of frequency stability of the microgrid. The purpose of the c...