Current Issue : July-September Volume : 2026 Issue Number : 3 Articles : 5 Articles
This paper examines the relationship between audit quality and earnings management, drawing on empirical evidence from publicly listed firms. Using discretionary accruals as a proxy for earnings management and multiple auditorbased proxies for audit quality, the study evaluates whether higher audit quality constrains managerial discretion in financial reporting. The results indicate a significant negative association between audit quality and earnings management. Furthermore, the findings demonstrate that regulatory oversight strengthens the effectiveness of audit quality in limiting earnings manipulation. The study contributes to the audit literature by integrating auditor characteristics with institutional context and offers policy-relevant implications for auditors, regulators, and standard setters....
The rapid digital transformation of financial services has significantly reshaped analytical approaches within the United States financial technology ecosystem. The integration of advanced data processing methodologies and algorithmic decision-support mechanisms has enhanced the efficiency, accuracy, and scalability of financial analysis. Modern FinTech platforms increasingly rely on large-scale data aggregation, predictive modeling, and automated analytical frameworks to optimize risk assessment, investment strategies, and financial forecasting processes. The study applies a quantitative time-series descriptive analysis based on Federal Reserve payment statistics (2015-2022) to evaluate structural growth patterns in digital payment value and channel distribution. The results indicate significant growth in digital payment activity, particularly within remote transaction channels. The empirical trend analysis reveals a positive and consistent structural relationship between transaction volume expansion and total payment value, suggesting that the increasing scale of digital transactions contributes directly to the structural evolution of data-intensive financial analysis within the U.S. FinTech ecosystem. The study provides quantitative evidence on how large-scale transactional datasets support forecasting accuracy, operational efficiency, and strategic financial decision-making....
With the advent of formalization of the Angolan economy, the use of electronic payment systems and internet banking, access to which in the traditional model is via a static credential, has become increasingly common, presenting a high degree of vulnerability nowadays, exposing confidential information, sensitive or protected from unauthorized persons. Electronic payment systems are heavily dependent on ICTs and other emerging technologies (fintech) in which customers or users must authenticate themselves to access banking products and services. Unauthorized access to sensitive authentication information can result in financial losses and compromise the image and good name of a given financial institution, in addition to a loss of confidence in the customer’s use of the electronic payment system and internet banking. Given the high rates of fraud and scams motivated by weak authentication systems (static credentials), there was a need to implement the second authentication factor (2FA) which adds another layer of security for accessing or carrying out a banking transaction. For this reason, we will take a look at the impact of the implementation of 2FA in the Angolan Payment System, as well as technologies and solutions to mitigate this problem that greatly affects Angolan families and companies....
We present a method to estimate some lower and upper bounds of a real yield curve. Between these bounds lies a region where it is mathematically impossible to contain real yields that satisfy the stated assumptions. This method is based on another real yield curve and a simple economic model of its breakeven inflation rate that is split in inflation expectation, convexity term, and liquidity and inflation risk premiums. This formula is specially useful when one of these curves is difficult to obtain but a respective inflation expectation series is available. We illustrate our method with yield curves from Brazil, since it issues sovereign bonds linked to two different inflation indices each....
This study explores the social and environmental impacts of microfinancing through a case study of Mutuelles Solidarités (MUSO) groups in Petit-Goâve. Using a mixed-methods approach and survey data from 226 participants, the research examines the relationship between MUSO participation and changes in economic status, community cohesion, and environmental behaviors. Findings reveal moderate economic gains—such as increased livestock and farmland ownership—but limited improvement in food security and educational access. Socially, MUSO participation significantly enhanced community trust and reduced blame behaviors, indicating strengthened social capital. Environmentally, participants reported reduced charcoal use, improved sanitation, and better access to treated water, though waste disposal practices remained unchanged. Gender analysis revealed that men saw more economic benefits, while women experienced greater improvements in sanitation and environmental practices. While MUSO contributes to economic resilience and improved community well-being, its impact is uneven and highlights ongoing challenges. The study underscores the importance of gender-responsive and environmentally conscious approaches in microfinance interventions. It calls for targeted strategies to enhance food security, education, and sustainable waste management. This research contributes to the limited literature on the broader social and ecological consequences of microfinance in Haiti and low-income countries more broadly....
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