Risk Monitoring and Control in Audit Firms: A Research Synthesis

2008 ◽  
Vol 27 (1) ◽  
pp. 187-218 ◽  
Author(s):  
Jean C. Bedard ◽  
Donald R. Deis ◽  
Mary B. Curtis ◽  
J. Gregory Jenkins
Keyword(s):  
Quality Control ◽  
Decision Aids ◽  
Auditor Independence ◽  
Review Literature ◽  
Research Literature ◽  
Monitoring And Control ◽  
Firm Level ◽  
Risk Monitoring ◽  
Audit Firms ◽  
And Control

This paper summarizes the research literature related to audit firm quality control, with a dual purpose: (1) to provide information on the current state of knowledge with regard to the ways in which audit firms monitor and control firm-level risk; and (2) to identify specific areas in which there is currently insufficient research. We review literature on a number of specific topics under the overall heading of firm-level risk monitoring and control, including: client acceptance/continuance procedures, auditor independence (partner and firm rotation, employing former auditors, nonaudit services, partner compensation), electronic decision aids, consultation units, procedures for communicating weaknesses and taking corrective action, and review of engagement activities (including engagement quality reviews, peer reviews, and regulatory inspections). We conclude with a discussion of research relevant to the issue of whether smaller audit firms should be subject to the same level of quality control regulation as larger firms.

scholarly journals The utilization of project risk monitoring and control practices and their relationship with project success in construction projects

2022 ◽  
Vol 7 (1) ◽  
pp. 35-52 ◽  
Author(s):  
Kennedy Christopher Obondi
Keyword(s):  
United States ◽  
Construction Projects ◽  
Project Success ◽  
The United States ◽  
Risk Identification ◽  
Project Managers ◽  
Monitoring And Control ◽  
Project Risk ◽  
Risk Monitoring ◽  
And Control

Risk monitoring and control is often poorly implemented in construction projects because of a failure to monitor and manage identified risks. Construction companies experience significant losses due to project managers' lack of project risk monitoring and control in construction projects. Most studies have concentrated on risk identification, risk assessment, and risk analysis processes while neglecting crucial risk management processes of risk control, risk monitoring, and risk response. The lack of research on these three crucial processes highlights a gap in the literature concerning how these processes can increase the delivery of successful projects. The purpose of this study was to examine whether the utilization of project risk monitoring and control practices was related to project success in construction projects in the United States. An electronic survey instrument was used to collect data from a sample of 50 construction project managers in the Dallas-Fort Worth area in the state of Texas, in the United States. Spearman rho correlation analysis was used to examine the relationship between project risk monitoring and control practices and project success. The results of this study indicated that all project risk monitoring and control practices, including risk reassessment, risk audits, contingency reserves analysis, and risk status meetings, were significantly and positively related to project success in construction projects. One of the recommendations presented in this study was that future research should conduct the same study in developing countries to see if the study’s findings remain the same and generalizable. The study concluded that construction organizations should regularly consider the importance and usage of project risk monitoring and control practices and apply them to improve the success rate of a project.

Image-Guided Variant Geometry Analysis of Layerwise Build Quality in Additive Manufacturing

2019 ◽  
Author(s):  
Farhad Imani ◽  
Ruimin Chen ◽  
Evan Diewald ◽  
Edward Reutzel ◽  
Hui Yang
Keyword(s):  
Quality Control ◽  
Additive Manufacturing ◽  
Process Monitoring ◽  
Flaw Detection ◽  
Monitoring And Control ◽  
Image Guided ◽  
Process Monitoring And Control ◽  
And Control ◽  
Geometry Analysis ◽  
The Impact

Abstract Additive manufacturing (AM) is a new paradigm in design-driven build of customized products. Nonetheless, mass customization and low volume production make the AM quality assurance extremely challenging. Advanced imaging provides an unprecedented opportunity to increase information visibility, cope with the product complexity, and enable on-the-fly quality control in AM. However, in-situ images of a customized AM build show a high level of layer-to-layer geometry variation, which hampers the use of powerful image-based learning methods such as deep neural networks (DNNs) for flaw detection. Few, if any, previous works investigated how to tackle the impact of AM customization on image-guided process monitoring and control. The proposed research is aimed at filling this gap by developing a novel real-time and multi-scale process monitoring methodology for quality control of customized AM builds. Specifically, we leverage the computer-aided design (CAD) file to perform shape-to-image registration and delineate the regions of interests in lay-erwise images. Next, a hierarchical dyadic partitioning methodology is developed to split layer-to-layer regions of interest into subregions with the same number of pixels to provide freeform geometry analysis. Then, we propose a semiparametric model to characterize the complex spatial patterns in each customized subregion and boost the computational speed. Finally, a DNN model is designed to learn and detect fine-grained information of flaws. Experimental results show that the proposed process monitoring and control methodology detects flaws in each layer with an accuracy of 92.50±1.03%. This provides an opportunity to reduce inter-layer variation in AM prior to completion of the build. The proposed methodology can also be generally applicable in a variety of engineering and medical domains that entail image-based process monitoring and control with customized designs.

Accounting Firm Culture and Governance: A Research Synthesis

2008 ◽  
Vol 20 (1) ◽  
pp. 45-74 ◽  
Author(s):  
J. Gregory Jenkins ◽  
Donald R. Deis ◽  
Jean C. Bedard ◽  
Mary B. Curtis
Keyword(s):  
Audit Quality ◽  
Environmental Changes ◽  
Review Literature ◽  
Current Status ◽  
Future Research ◽  
Control Mechanisms ◽  
Accounting Firm ◽  
Audit Firms ◽  
Public Company ◽  
And Control

This paper summarizes research related to accounting firm culture and governance. While perennially important, this topic has immediacy due to the intention of the Public Company Accounting Oversight Board (PCAOB) to consider revisions of the current U.S. interim auditing standards on quality control. Our purposes are to bring together several disparate lines of research on this broad topic in order to identify specific areas of insufficient research. We review literature related to the roles of culture and subcultures within audit firms, and the relation between culture and audit quality. We also consider governance and control mechanisms, including policies related to consultation, independent monitoring boards, ethics training, and acculturation. Throughout the paper, we offer suggestions for future research based on the current status of the literature and the recent environmental changes in the auditing profession.

The Risk Management Practice of a Deep Foundation Pit Project

2014 ◽  
Vol 638-640 ◽  
pp. 703-709
Author(s):  
Shu Min Nie ◽  
Jun Yan Liu
Keyword(s):  
Risk Management ◽  
Management Practice ◽  
Risk Identification ◽  
Monitoring And Control ◽  
Deep Foundation ◽  
Foundation Pit ◽  
Deep Foundation Pit ◽  
Risk Monitoring ◽  
And Control ◽  
The Empirical Analysis

Risk management consists of Risk Identification, Risk Measurement, Risk Assessment, and Risk Monitoring and Control. This paper based on An office building in Dongying, uses Monitoring data to analyze, in order to gain an applicable Risk Management Practice. This article suggest we have to do the survey work well and also should pay attention to the empirical analysis of experts and field technicians at the same time to analyze risk to deep foundation pit engineering.

scholarly journals Lead, Mercury and Cadmium in Fish and Shellfish from the Indian Ocean and Red Sea (African Countries): Public Health Challenges

2020 ◽  
Vol 8 (5) ◽  
pp. 344 ◽  
Author(s):  
Isidro José Tamele ◽  
Patricia Vázquez Loureiro
Keyword(s):  
Public Health ◽  
Heavy Metals ◽  
Quality Control ◽  
Red Sea ◽  
Monitoring And Control ◽  
African Countries ◽  
Public Health Challenges ◽  
The Indian Ocean ◽  
And Control ◽  
Fish And Shellfish

The main aim of this review was to assess the incidence of Pb, Hg and Cd in seafood from African countries on the Indian and the Red Sea coasts and the level of their monitoring and control, where the direct consumption of seafood without quality control are frequently due to the poverty in many African countries. Some seafood from African Indian and the Red Sea coasts such as mollusks and fishes have presented Cd, Pb and Hg concentrations higher than permitted limit by FAOUN/EU regulations, indicating a possible threat to public health. Thus, the operationalization of the heavy metals (HM) monitoring and control is strongly recommended since these countries have laboratories with minimal conditions for HM analysis.

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