scholarly journals A kockázat szerepe a könyvvizsgálatban = The role of risk in external audits

2013 ◽  
pp. 50-62
Author(s):  
Gergely Mohl
Keyword(s):  
Empirical Research ◽  
Risk Model ◽  
Financial Statements ◽  
Business Risk ◽  
High Quality ◽  
External Audit ◽  
Professional Regulation ◽  
The Us ◽  
Risk Concept

A tanulmány a kockázatnak és a kockázatok felmérésének az éves beszámolók (pénzügyi kimutatások) könyvvizsgálatban betöltött szerepével foglalkozik. A modern könyvvizsgálat – belső és külső korlátainál fogva – nem létezhet a vizsgált vállalkozás üzleti kockázatainak felmérése nélkül. Olyannyira igaz ez, hogy a szakma alapvető szabályait lefektető nemzeti és nemzetközi standardok is kötelező jelleggel előírják az ügyfelek üzleti kockázatainak megismerését. Mindez nem öncélú tevékenység, hanem éppen ez jelenti a könyvvizsgálat kiinduló magját: a kockázatbecslés – a tervezés részeként – az audit végrehajtásának alapja, és egyben vezérfonala. A szerző először bemutatja a könyvvizsgálat és a kockázat kapcsolatának alapvonásait, azt, hogy miként jelenik meg egyáltalán a kockázat problémája a könyvvizsgálatban. Ezt követően a különféle kockázatalapú megközelítéseket tárgyalja, majd néhány főbb elem kiragadásával ábrázolja a kockázatkoncepció beágyazódását a szakmai szabályozásba. Végül – mintegy az elmélet tesztjeként – bemutatja a kockázatmodell gyakorlati alkalmazásának néhány aspektusát. ______ The study examines the role of risk and the assessment of risks in the external audit of financial statements. A modern audit – due to its internal and external limitations – cannot exist without the assessment of the business risk of the entity being audited. This is not a l’art pour l’art activity but rather the very core of the audit. It is – as part of the planning of the audit – a guideline to the whole auditing process. This study has three main sections. The first one explains the connection between audit and risk, the second discusses the different risk based approaches to auditing and the embeddedness of the risk concept into professional regulation. Finally – as a test of theory – some practical aspects of the risk model are discussed through the lens of former empirical research carried out mostly in the US. The conclusion of the study is that though risk based models of auditing have many weaknesses they still result in the most effective and efficient high quality audits.

scholarly journals ERRORS AND FRAUD IN ACCOUNTING. THE ROLE OF EXTERNAL AUDIT IN FIGHTING CORRUPTION

10.26458/1743 ◽  
2017 ◽  
Vol 17 (4) ◽  
pp. 29-36
Author(s):  
Luminita Ionescu
Keyword(s):  
Financial Reporting ◽  
Accounting Standards ◽  
External Control ◽  
Electronic Systems ◽  
High Quality ◽  
External Audit ◽  
Strong Connection ◽  
Recent Developments

Accounting errors and fraud are common in most businesses, but there is a difference between fraud and misinterpretation of communication or accounting regulations. The role of management in preventing fraud becomes important in the last decades and the importance of auditing in curbing corruption is increasingly revealed. There is a strong connection between fraud and corruption, accelerated by electronic systems and modern platforms.The most recent developments tend to confirm that external auditing is curbing corruption, due to international accounting and auditing standards at national and regional levels. Thus, a better implementation of accounting standards and high quality of external control could prevent errors and fraud in accounting, and reduce corruption, as well.The aim of this paper is to present some particular aspects of errors and fraud in accounting, and how external audit could ensure accuracy and accountability in financial reporting. 

scholarly journals Audience Engagement in Theatre for Social Change

2019 ◽  
Vol 5 (2) ◽  
pp. 275-295
Author(s):  
Jessica Litwak
Keyword(s):  
Czech Republic ◽  
Social Change ◽  
Case Studies ◽  
Social Engagement ◽  
High Quality ◽  
Audience Engagement ◽  
Theatre For Social Change ◽  
The Us ◽  
Emma Goldman

This report from the field describes some of the author’s methods of audience engagement as a means of social engagement, discussing the implications for practice. The report invites dialogue with the reader about the usefulness of audience engagement and ways it can be manifested before, during and after performance. Theatre is a vibrant and valuable tool for sparking dialogue and inspiring action around challenging social topics. Audiences who are engaged in the process of the performance beyond the standard role of passive spectator are more likely to be motivated to deliverable endeavors post performance. This report from the field offers four brief case studies as examples of audience engagement and includes pragmatic techniques for using theatre as a vehicle for personal and social change through audience engagement. It explores how artists can galvanize and empower audiences by creating experiential communities pre, during, and post-show. Drawing upon examples from high-quality international theatre projects written and directed by the author, the essay investigates and describes the work of The H.E.A.T. Collective including My Heart is in the East (U.S., U.K. and Europe), The FEAR Project (produced in the US, India and Czech Republic), Emma Goldman Day (U.S.).

Political uncertainty and the choice of external audit: international evidence from private firms

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Omar Farooq ◽  
Harit Satt ◽  
Basma El Fadel
Keyword(s):  
Institutional Environment ◽  
Financial Statements ◽  
Private Firms ◽  
Political Uncertainty ◽  
External Audit ◽  
High Exposure ◽  
Content Type ◽  
External Auditors ◽  
The Impact

PurposeThis paper documents the impact of political uncertainty on the decision of private firms to use external auditors to verify their financial statements.Design/methodology/approachThe authors use the data from 141 countries and the pooled logistic regression to test our arguments. The data is provided by the World Bank's Enterprise Surveys and is collected during the period between 2006 and 2019.FindingsThe results show that firms with high exposure to political uncertainty are more likely to use external auditors to verify their financial statements. The results are robust across various sub-samples and hold when we use alternate proxy for political uncertainty. The results are also robust after controlling for potential endogeneity concerns. The authors also find that the effect of political uncertainty on the choice of external audit is more pronounced for firms that are headquartered in countries with weak institutional environment. The authors document significant role of democracy, rule of law and accountability in determining the relationship between political uncertainty and the choice of external audit.Originality/valueThe authors believe that theirs is one of the initial attempts (if not the first) to investigate the effect of political uncertainty on the choice of external audit among the private firms in developing countries.

scholarly journals INTENSITY AND STRUCTURE OF INTRA-INDUSTRY TRADE IN AGRI-FOOD PRODUCTS OBSERVED IN POLISH AND EU FOREIGN TRADE WITH THE US

2019 ◽  
Vol XXI (4) ◽  
pp. 374-382
Author(s):  
Karolina Pawlak
Keyword(s):  
Food Products ◽  
Target Market ◽  
High Quality ◽  
Industry Trade ◽  
Vertical Trade ◽  
The Us ◽  
Processed Products ◽  
The Individual ◽  
The Eu

The aim of this paper was to investigate the intensity and determine the type of intra-industry trade in agri-food products of Poland and the EU with the US. Analysis was based on data coming from the Comext-Eurostat database applying the 6-digit HS classification in 2007 and 2018. The intensity of intra-industry trade was established using the Grubel-Lloyd index, taking the diversification of intra-industry trade into horizontal, high-quality vertical, and low-quality vertical trade into consideration. The individual types were determined applying the criteria of similarity in unit values in exports and imports, proposed by David Greenaway et al. [1994]. Analysis showed that trade in agri-food products of Poland and the EU with the US developed mainly following a model of inter-industry specialisation. Intra-industry trade was observed primarily in trade in highly processed products. Analyses of EU trade with the US indicate the greatest role of intra-industry trade in high quality differentiated products, which may hardly be supplemented by other goods, while in Polish trade with the US it was vertical trade in low quality goods, which may be relatively readily replaced by products coming from other countries, in turn potentially leading to the loss of Poland’s share in the target market.

scholarly journals ANALISIS PERAN KARYAWAN DALAM HUBUNGAN ANTARA DUKUNGAN PIMPINAN DENGAN FEKTIVITAS SPIP DAN KUALITAS LAPORAN KEUANGAN

2018 ◽  
Vol 15 (1) ◽  
pp. 115
Author(s):  
Sudarno Sudarno
Keyword(s):  
Path Analysis ◽  
Financial Statements ◽  
The State ◽  
The Other ◽  
State Universities ◽  
High Quality ◽  
Accounting Standard ◽  
State Finance

The implication of issuance of Law No. 17/ 2003 on State Finance and Law No 71/ 2010 onGovernment Accounting Standard (SAP), the state universities have to compile and present finansial statements. The purposes of this research are to investigate factors which are affectingthe quality of finansial statement, the role of effectiveness SPIP to the effect of and to identify thecharacteristic of develop a finansial statement and level of leadership supported at state highereducation in Jawa Tengah and DI Yogyakarta. Population of this research was the accountingdivision responsible for preparing financial statements in 15 state universities in Jawa Tengahand DI Yogyakarta. Assuming each division had 7 staff; questionnaires were distributed by postsand couriers to 105 staff. Data from 67 respondents (63,81%) were analyzed by path analysis byusing PLS 2.0. This study supported the role of efectivness SPIP in developing a high quality offinansial statement. The commitment and motivation affects to quality of finansial statementindirectly through efectivness SPIP. However, this research has not enough evidence to said thatcompetency affects to efectivness SPIP. The other, The results of this study tend to supportmediation hypothesis that leadership supported affects to efectivness SPIP and quality offinansial statement indirectly through competency, commitment and motivation.

Academic Research in Accounting: A Framework for Quality Reviews

2016 ◽  
Vol 10 (1) ◽  
pp. A34-A46 ◽  
Author(s):  
Denise Dickins ◽  
Douglas K. Schneider
Keyword(s):  
Review Process ◽  
Risk Model ◽  
Peer Review Process ◽  
Academic Research ◽  
Financial Statements ◽  
High Quality ◽  
High Quality Research ◽  
Audit Risk ◽  
Quality Research ◽  
Audit Risk Model

SUMMARY We propose and model how a practitioner-based framework aimed at reducing the likelihood of unidentified misstatements in financial statements—the Audit Risk Model—might be adapted and used in the accounting research peer review process to, in part, address the issue of increasing retractions of academic studies. This proposal is intended to engage both practitioners and academics. Practitioners need to know the importance that the academy places on producing high-quality research; and just as practitioners can learn from the results of high-quality research studies, academics can learn from the activities of practitioners. The discussion that follows is intended to create debate. It is not intended to provide definitive answers.

scholarly journals My life after death: connecting the field, the findings and the feelings

1970 ◽  
Vol 9 (1) ◽  
Author(s):  
Kate Woodthorpe
Keyword(s):  
Empirical Research ◽  
Social Research ◽  
Research Process ◽  
Ethnographic Study ◽  
Rite Of Passage ◽  
High Quality ◽  
Life After Death

This paper is an account of an emotional journey that took place alongside an ethnographic study of the contemporary cemetery landscape. It seeks to highlight the importance of conducting empirical research as a 'rite of passage', leading to the role of a researcher, by examining the connection between data, the human researcher, and the analysis. Furthermore, this paper argues that the emotionality of the research process needs to be incorporated into discussions of methodology and analysis to enable researchers to produce high-quality social research.

Theoretical and Empirical Research in Modern Economics: Problems of Communication

2008 ◽  
pp. 4-19 ◽  
Author(s):  
A. Libman
Keyword(s):  
Empirical Research ◽  
Econometric Methods ◽  
Potential Impact ◽  
Empirical Turn

The last decades witnessed the increasing importance of econometric methods and empirical research in economics. The success of the empirical turn in economics depends on the formats and problems of communication between theory and empirics. The paper considers potential difficulties in communication "from the theory to empirical research" and "from empirical research to theory". It analyzes the role of informal consensus as an instrument facilitating such communication and potential impact of this consensus on the direction of research.

Making Movies and Community of Talent

2019 ◽  
Vol 10 (11) ◽  
pp. 1057-1064
Author(s):  
Katsuhiko Hirasawa ◽  
Keyword(s):  
Shop Floor ◽  
High Quality ◽  
Democratic Leadership ◽  
Staff Members

Staff members at a movie company Daiei, known for presumably the world’s best film technology, continued to produce movies for several months even after the company went bankrupt. It was because they desired to make outstanding films. A director can create a high-quality film by combining the skills and ideas of such staff. Akira Kurosawa named the group that could produce excellent works the “Community of Talents”. By using research on a community as a clue, this paper aims to highlight how the “Community of Talents” is organized. First I point out that a “Community of Talents” is formulated primarily by the labor of the staff based on Kumazawa’s “Community on the Shop Floor”. The paper subsequently refers to research by Heinrich Nicklish, a representative researcher on the study of community in Germany, in an attempt to verify that the community is a group of people established on functions. Lastly, the paper explores Guido Fisher’s research to reveal the role of democratic leadership centered on the director who transforms the objectified staff in the organization into an independently-minded presence and help them prove their abilities. The paper continues to emphasize the significance of leadership in the formation of the “Community of Talents”.

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