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Determinants of audit fee-evidence from indian companies
Several studies have examined the factors influencing audit fees across the world, especially on the possible conflict of interest of auditor and client that may be affecting the quality of audit. The paper is about the trend in audit fee in the Indian setting, with the backdrop of two regulatory changes: mandatory auditor rotation and the implementation of Ind AS, the converged version of IFRS. Examining the determinants of audit fees, the paper categorized the explanatory variables into three attributes; auditee (size, risk, and complexity), auditor (auditor size, tenure, joint audit, and auditor rotation), and regulatory (mandatory auditor rotation and IFRS). The sample consisted of all non-financial companies listed on the National Stock Exchange for a period of 10 years from 20092018 resulting in 12,419 firm years. The paper deployed panel data regression with fixed effects with audit fee as the dependent variable. The key findings suggested that audit fee was positively associated with the size of the auditor and the auditee and the ratio of accounts receivable. The paper also indicated that with the tenure of the auditor, the fee tended to increase, and auditor rotation had a significant impact on the auditor's fee. The findings of the study will help the policymakers on the regulation around auditor engagements. 2021, Associated Management Consultants Pvt. Ltd.. All rights reserved. -
Audit Tenure, Audit Fee, and Audit Quality: Evidence from India
This paper examined the relationship between the tenure of the auditor and the audit quality of Indian companies, particularly in the wake of two significant regulations in the financial reporting, the implementation of Ind AS (the IFRS compliant accounting standards) and mandatory auditor rotation. Using Discretionary Accruals as a proxy for audit quality, the study took the data of all the companies listed on the NSE for 11 financial years, from 2009 2019 (totaling 8,171 firm-year observations). It deployed panel data regression with a random-effects model. The results showed that audit quality improved up to specific auditors tenure, particularly with the IFRS compliance and Big 4 auditors. The higher audit fee is positively significantly associated with lower earnings quality. The study suggested that mandatory auditor rotation might provide the full benefit only along with other regulations on IFRS, auditor reputation, and audit fee. The study provided an impetus to the regulators, audit fraternity, and companies to improve the relevance of financial statements. This is one of the first longitudinal studies examining the interaction effects of different audit regulations. Robustness checks with other proxies of audit quality provided the same results. 2022, Associated Management Consultants Pvt. Ltd.. All rights reserved. -
Brand Value: Nexus with Profitability and Value Relevance Indian Evidence
The paper studied the association between brand value and financial profitability metrics, value relevance, and excess market returns. The study used the dollar value data of BrandZ Top Indian Brands as the proxy for brand value and used 221 firm years for a sample of 72 companies that owned the top brands for 5 years, from 2014 2018. The study deployed the fixed effects model to find the association between profitability, firm value, and brand value and the Fama French four-factor model for the risk-return performance of high-brand value stocks. The findings indicated a strong association between the brand values of firms and profitability and firm value. The portfolio returns of high-brand value companies produced higher risk-adjusted returns over market returns offered by BSE 100 stocks. This is Indias first and most comprehensive study to provide empirical evidence on the nexus between brand value, profitability, and value relevance. The results gave a concrete conclusion that building brand value offers both customer satisfaction as well as shareholder value creation. 2022, Associated Management Consultants Pvt. Ltd.. All rights reserved. -
Biodegradation of polypropylene films by Bacillus paralicheniformis and Lysinibacillus fusiformis isolated from municipality solid waste contaminated soil
The fossil fuel or petroleum derived plastics are applied in our routine life because of their easy availability. Distribution and contamination of the plastics in the landfills are the major reasons for these biodegradation study. This current study reveals the biodegradation of polypropylene films and the growth of Bacillus paralicheniformis and Lysinibacillus fusiformis isolated from plastic contaminated soil collected from municipality solid waste management site. The degradation rate of PP films was confirmed by the results of biodegradation analysis. The growth of Bacillus paralicheniformis and Lysinibacillus fusiformis had shown OD values at 600nm after the degradation period of 4 weeks increasing from 0.131 to 0.334 and 0.148 to 0.213 respectively. The viable cell count increased from 804cells/ml to 1204cells/ml and 10.104cells/ml to 15.204cells/ml respectively. The physical and chemical changes of PP films were confirmed by FT-IR and XRD analysis. These analysis confirmed that the bacterial strains have the ability to change the chemical and physical nature of PP films and can utilize the PP films as sole carbon source. 2021 World Research Association. All rights reserved. -
Ensemble Deep Learning Approach for Turbidity Prediction of Dooskal Lake Using Remote Sensing Data
The summer season in India is marked by a severe shortage of water, which poses significant challenges for daily usage and agricultural practices. With unpredictable weather patterns and irregular rainfall, it is crucial to monitor and maintain water bodies such as domestic ponds and lakes in urban areas to ensure they provide clean and safe water for regular use, free from industrial pollutants. In this research paper, we propose an innovative ensemble deep learning approach (e-DLA) that leverages deep learning models to predict the turbidity of Dooskal Lake, located in Telangana, India, using remote sensing data. The proposed approach utilizes various deep learning models, including bagging, boosting, and stacking, to analyze the complex relationships between remote sensing data and turbidity levels in the lake. The study aims to provide accurate and efficient predictions of turbidity levels, which can aid in the management and conservation of water resources in the region. Hyperparameter tuning is employed, and dynamic climatic features are extracted and integrated with the ensemble learning global protective intelligent algorithm to reveal the complex relationship between in situ and measured values of turbidity during the measuring timeline. The proposed approach provides accurate predictions of turbidity levels, enabling the implementation of effective control measures to maintain water quality standards. Experimental results demonstrate that the proposed approach significantly reduces prediction errors compared to existing deep learning models. Overall, this research highlights the potential of machine learning techniques in monitoring and maintaining water resources, particularly in urban areas, to support sustainable water management and usage, and addresses an urgent and pressing issue in India and around the world. 2023, The Author(s), under exclusive licence to Springer Nature Switzerland AG. -
Narrativity and the Problematics of Authenticity in Hungry Ghosts by Kevin Jared Hosein
Postcolonial historical fictions, set in turbulent times, grapple with the question of authenticity in their fictional representations of events and individuals of the past. Trinidadian novelist Kevin Jared Hoseins Hungry Ghosts (2023), set in the estate barracks and surrounding milieu of 1940s Trinidad, is no exception. The paper argues for a nuanced understanding of the term authenticity in our reading of historical fictions, and explores Hoseins use of the formal, imaginative and affective dimensions of narration in negotiating representational adequacy and strengthening the significant thematic concerns in the text. Through textual analysis, the paper explores how Hosein situates his text firmly within the spatio-temporal reality of the period and captures the struggles of becoming confronting a population whose lives are coloured by historical trauma and continuing spatial hierarchy. 2024 The Editorial Board, Current Writing. -
Hybrid (ND-Co3O4/EG) nanoliquid through a permeable cylinder under homogeneous-heterogeneous reactions and slip effects
Modeling and computations are performed to study the ND-Co3O4/EG hybrid nanoliquid mixed convective flow past a vertical porous cylinder. The flow analysis and formulation are given accounting for slip effects and homogeneous-heterogeneous reaction impacts. The governing complex equations formed with prescribed boundary conditions are simplified into self-similar equations through the use of suitable transformations. The numerical solutions of the drag coefficient, Nusselt number, liquid velocity, liquid temperature, and the liquid concentration are explored through graphs with the setting of pertaining parameter values. From the results, it is noticed that an ND-Co3O4/EG nanofluid plays a more impressive role in the process of energy transfer than a Co3O4/EG nanofluid. Further, it is found that the heterogeneous reaction parameter decreases the concentration whereas multiple slips enhance the temperature. 2020, Akadiai Kiad Budapest, Hungary. -
Impact of homogeneous-heterogeneous reactions in a hybrid nanoliquid flow due to porous medium
Chemical responses are investigated as a piece of the modern applications like hydrometallurgical industry, food processing, and polymer production. Numerous chemical responding structures consolidate homogeneous and heterogeneous response and it is especially eccentric. Hence, this paper explains how the hybrid nanoliquid flow is handy in accelerate the thermochemical possessions of the base fluid in existence of homogeneous-heterogeneous reactions. Here, three different types of hybrid nanoliquid used are copper-Al2O 3/water, silver-Al 2O 3/water, and gold-Al 2O 3/water. Outcoming differential systems are resolved numerically by adopting fourth-order and fifth-order Runge-Kutta-Fehlberg method. To get better view of the topic, the flow field, temperature behavior, and concentration curves are investigated for particular estimations of critical elements. The results predict that gold-Al 2O 3/water nanoliquid has good impact of heat rate coefficient and further porosity parameter decelerates the velocity and accelerates the temperature of the hybrid nanofluid. 2019 Wiley Periodicals, Inc. -
Low cost calibrated mechanical noisemaker for hearing screening of neonates in resource constrained settings
Background & objectives: There is a need to develop an affordable and reliable tool for hearing screening of neonates in resource constrained, medically underserved areas of developing nations. This study valuates a strategy of health worker based screening of neonates using a low cost mechanical calibrated noisemaker followed up with parental monitoring of age appropriate auditory milestones for detecting severe-profound hearing impairment in infants by 6 months of age. Methods: A trained health worker under the supervision of a qualified audiologist screened 425 neonates of whom 20 had confirmed severe-profound hearing impairment. Mechanical calibrated noisemakers of 50, 60, 70 and 80 dB (A) were used to elicit the behavioural responses. The parents of screened neonates were instructed to monitor the normal language and auditory milestones till 6 months of age. This strategy was validated against the reference standard consisting of a battery of tests - namely, auditory brain stem response (ABR), otoacoustic emissions (OAE) and behavioural assessment at 2 years of age. Bayesian prevalence weighted measures of screening were calculated. Results: The sensitivity and specificity was high with least false positive referrals for 70 and 80 dB (A) noisemakers. All the noisemakers had 100 per cent negative predictive value. 70 and 80 dB (A) noisemakers had high positive likelihood ratios of 19 and 34, respectively. The probability differences for pre- and post- test positive was 43 and 58 for 70 and 80 dB (A) noisemakers, respectively. Interpretation & conclusions: In a controlled setting, health workers with primary education can be trained to use a mechanical calibrated noisemaker made of locally available material to reliably screen for severe-profound hearing loss in neonates. The monitoring of auditory responses could be done by informed parents. Multi-centre field trials of this strategy need to be carried out to examine the feasibility of community health care workers using it in resource constrained settings of developing nations to implement an effective national neonatal hearing screening programme. -
Divine Consulting Services: A Sinking Ship or Back to Land Safely?
[No abstract available] -
Hycons Renewable Private Limited: decision to accept or reject an equity investment
Learning outcomes: This study will help students determine the economic value of a firm particularly in case of a small business. The crux of the case is to help students estimate an enterprise value for a company and figure the actual worth of the company to aid in decision-making. Case overview/Synopsis: This case is about a decision dilemma faced by Shashi Hegde, Director, Hycons Renewable Private Ltd, a company ventured into the production of Bio-CNG. It is about a recent proposal received by the firm from APL Ltd for equity investment with 40% stake in the firm. The case reflects the dilemma faced by small businesses to choose between investment or loss of control. Accepting the proposal will bring in additional funds, whereas the Board loss control on the firm. The case revolves around this dilemma. To help Hegde in this task, he seeks advice from his CFO and his confidant Kumar. Complexity academic level: This case is most appropriate for a core finance class for both under-graduate and graduate programs. Supplementary materials: Teaching notes are available for educators only. Subject code: CSS 1: Accounting and Finance. 2022, Emerald Publishing Limited. -
Unleashing the Power of Animation Movies on Sustainable Tourism: A Case Study on Moana
The case study explores the possibilities of implementing the socio-cultural, environmental representation and authenticity of the indigenous community depicted in the movie Moana in real life, thus embracing cultural heritage and identity using a sustainable model of developing tourism. This case study also aims to understand how animation movies like Moana will reflect the causes of climate change and may motivate tourists to choose their destination. Walt Disney Animation Studios 2016 film Moana, which had stunning animation and inspiring themes, captured the attention of viewers worldwide. This case study examines the different factors that led to the movies popularity and its profound effect on spectators, especially regarding indigenous community identity, ecocentrism, and effects of climate because of human intervention. The case explains the movie from different dimensions: culture and heritage, power of determination and hard work, eco-friendly initiatives, climate change, sustainability lessons, and destination choice. With direction by Ron Clements and John Musker, the motion picture Moana depicts the tale of Moana Waialiki, a young Polynesian girl who sets out on a dangerous journey to save her people and find her true identity. The movie displays the rich cultural legacy of the Pacific Islands and is inspired by Polynesian folklore. In this case, we would like to emphasize the value of self-discovery, personal development, and the strength of embracing ones uniqueness. The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024. -
Understanding user behavior through web utilization mining
This paper is focused on the efficiency of applications in Web Mining Algorithm for web log analysis which can be applied to identify user behavior and the context related to the pattern of an e-commerce website. The main objective is to find user behavior over the internet which can be done through the branch of web mining i.e., web utilization mining. So, it is mainly focused on learning the behavior of web user with their interaction with websites and application of web to extract hidden knowledge and information from World Wide Web. This motive can be accessed from the huge web log data and this data will be available in a log file of the server. Thus, the web server log file includes hidden knowledge and information of a visited user on web. This article provides a survey and analysis of current web mining system and technologies. Therefore, we implement how web mining techniques can apply to the web personalization by providing an efficient algorithm. 2018 IAEME Publication. All rights reserved. -
Performance of diesel engine enhanced by employing 150µM to 170µM thick plasma sprayed 8YSZ nano grained coating on piston head /
Patent Number: 202241033004, Applicant: S Gowtham Sanjai.
This invention discloses the favorable influence of nano ceramic coated components on the performance of diesel engines. 150 microns thick yttria stabilized zirconia coatings, with nano grained microstructure, when applied by using Atmospheric Plasma Spray (APS) coating technique, on the piston crown of a 5HP, single cylinder diesel engine, reduces the brake specific fuel consumption (BSFC) of the engine by ~ 20%. The improvement in performance has been established by comparing the performances (measuring the BSFC) of the engine when mounted with (a) OEM Piston and thereafter (b) coated piston. -
Synthesis of spray dried nano 8YSZ plasma sprayable powder and plasma sprayed thermal barrier coatings with nano grained microstructure /
Patent Number: 202241011004, Applicant: S. Gowtham Sanjay.
Plasma sprayed 8% yttria stabilized zirconia, i.e. 8Y203-Zr02(8YSZ) coatings with nano grained microstructure are expected to possess superior thermal barrier properties when compared with the coating of same composition but with large micron sized grains in its microstructure. 8YSZ nano powders were spray dried to be converted into easily flowing micron sized (>20 and <100u) plasma sprayable powders. The powders were plasma spray coated on stainless steel (SSL 304) and Aluminium-silicon (Al-Si) alloy substrates. -
A method to obtain up to 150µ thick nano-structured A-AI2O3 coatings by plasma spraying /
Patent Number: 202241005098, Applicant: S Gowtham Sanjai.This invention discloses a method to produce up to 150[i thick nano-structured a- AI2O3 coatings prepared by using Atmospheric Plasma spray coating technique. The coating microstructure will be comprised of nano sized grains (less than 100 nanometers). The coatings are deposited on a prepared (blasted with hard alumina grits and degreased) metal (aluminum or stainless steel) surface suitable for plasma spray coating followed by the deposition of about 50 microns thickness of commercial NiCrAlY bond coat (not nano structured). -
A process to fabricate plasma sprayed magnesium aluminate refactory coating from oxide powder beneficiated from black aluminium dross /
Patent Number: 202141055626, Applicant: Parvati Ramaswamy.
A process is described to synthesize magnesium aluminate (MgAl2O4 - spinel, linear formula: MgO-Al2O3) refractory coating that was obtained by plasma spray coating α-alumina (Al2O3 - corundum) and MgAl2O4 ceramic composite powder that was previously beneficiated from black aluminum dross, an industrial waste. The ceramic composite powder was converted into plasma sprayable powder by a combination of processes that included sieving and spray drying with optimized parameters. -
A process to beneficiate A-Alumina and magnesium aluminate composite powder /
Patent Number: 202141035837, Applicant: Parvati Ramaswany.
An environmentally friendly process to beneficiate a-alumina (AI2O3 - corundum) and magnesium aluminate (MgAbOj - spinel, linear formula: MgOAbOj) ceramic composite powder, from black aluminum dross (an industrial waste), has been disclosed. The process involves grinding of the Al-Dross, leaching of the undesirable compounds (A1N) by using hot carbonated water, dehydration and calcination, wherein the ammonia gas (whenever it was evolved) was scrubbed through dilute H2SO4. -
Nano A-AL203 particles agglomerated by spray dying to produce free following powders suitable for /
Patent Number: 202141035836, Applicant: Gowtham Sanjai.
This invention discloses a method to produce free flowing plasma sprayable powders comprised of nano a-Alumina grains, suitable for injection into the high temperature plasma stream of an atmospheric plasma spray system. The plasma sprayable powder particles will be in the range of 30-90 microns, but the grains within the powder particles will only be about 50 nanometers. This micron sized powder, when flowing through the high temperature plasma will dissociate to release the nano grains, resulting in 12 to 15 microns thick coatings, deposited on the substrate per individual pass. -
Residual stress analysis on functionally graded 8% Y2O3-ZrO2 and NiCrAlY thermal barrier coatings
Thermal Barrier Coatings (TBCs) protect metallic components that operate in high temperature environments and enhance their service life. The conventional two-layered TBC system consists of a duplex ceramic top coat (TC) fabricated from 8 wt% yttria stabilized zirconia (8-YSZ) and an underlying bond coat (BC) comprised of intermetallic layers such as NiAl or MCrAlY (M = Co, Ni) etc. In the present study, functionally graded material (FGM) TBCs were fabricated by introducing a third blend layer of 8-YSZ and NiCrAlY, in between the BC and TC in order to enhance the thermal fatigue life of the TBC. The blend layer in FGM TBCs provides a smoother transition in thermal expansion properties between the metallic substrate and the top ceramic coat (8YSZ) which have widely different thermal expansion characteristics compared with each other. In service, thermal fatigue introduces severe tensile stresses between the coated layers and the substrates leading to ultimate detachment of the coatings from the substrates. In this work, residual stress analysis by Cos ? method was carried out as a non-destructive assessment tool to foresee the likelihood of onset of failure in the TBCs, well before the damage was visible. The two-layered (conventional) and three-layered (FGM) TBCs were synthesized on Inconel 718 substrates by atmospheric plasma spray (APS) technique. The TBCs were subjected to thermal fatigue tests between 1200? (by using gas flame) and ambient temperature and evaluated for residual stress analysis at different stages of thermal fatigue testing. The goal was to assess if residual stress analysis could be used to determine if the TBC was about to fail well before the delamination occurred and the catastrophic failure could be avoided. The tests conducted and results obtained are presented. 2022