scholarly journals Planning for Substantive Testing at the Assertion Level: A Training Activity and Mini Case

2020 ◽  
Author(s):  
Janice E. Rummell ◽  
Andrea B. Weickgenannt
Keyword(s):  
Planning Process ◽  
Critical Role ◽  
Financial Statement ◽  
Student Survey ◽  
Training Activity ◽  
Audit Planning ◽  
Financial Statement Audit ◽  
Students First ◽  
Survey Responses

This two-part educational resource was developed to enhance students’ understanding of a key aspect of the audit guidance concerning financial statement audit planning for substantive testing at the assertion level. Assuming the role of audit associates at a CPA firm, students first engage in a training activity in which they deconstruct substantive audit tasks into significant financial statement accounts, management assertions, and types of audit procedures related to each task. Then students consider inherent risk factors for a client engagement in a mini case and apply relevant accounts, management assertions, and detailed substantive audit procedures. These resources are easy to implement and require little advanced preparation, yet they provide a rich instructional resource for either new or experienced auditing faculty. Assessment results and student survey responses reveal the effectiveness of these resources in promoting students’ comprehension of the critical role of management assertions in the audit planning process.

Zoom Snowboards Incorporated: Understanding the Impact of Management Decisions on the Audit Plan

2012 ◽  
Vol 27 (4) ◽  
pp. 1193-1213 ◽  
Author(s):  
Joanne C. Jones
Keyword(s):  
Business Strategy ◽  
Audit Committee ◽  
Financial Statement ◽  
Rigorous Analysis ◽  
Private Company ◽  
Audit Planning ◽  
Financial Statement Audit ◽  
Multiple Issues ◽  
The Impact

ABSTRACT Zoom Snowboards Incorporated is a fictitious Canadian private company in the snowboard industry. While the company is fictitious, many of the facts are adopted from actual snowboard companies. The overall goal of this case is to give the students an opportunity to develop their ability to perform a rigorous analysis of an assurance case with multiple issues. Students assume the role of audit senior and are asked to prepare an audit planning memo for the partner. In order to perform a rigorous analysis, students will need to consider the broader issues related to business strategy, risk management, and corporate governance, as well as the regular components of an audit planning memo. Students will also need to consider how the various requests from client management, the bank, and the audit committee impact the financial statement audit as they are preparing their planning memo.

Research on How to Work out Equipment Technical Data

2013 ◽  
Vol 765-767 ◽  
pp. 3236-3240
Author(s):  
Xue Zheng Zhu ◽  
Kun Lin Nie ◽  
Jing Hui Li ◽  
Hui Hao ◽  
Yan Li ◽  
...  
Keyword(s):  
Planning Process ◽  
Critical Role ◽  
Planning Method ◽  
General Idea ◽  
Technical Data ◽  
Combat Effectiveness ◽  
Systematic Planning

Scientific and logical planning of technical data, which is the foundation to equip technical data efficiently, is an effective way to quickly transfer the equipment into combat effectiveness and support capability. With the transformation of war pattern and increase of equipment complexity, the critical role of equipment technical data in equipment support has become increasingly prominent. This paper focuses on the effective way to work out systematic planning method of equipment technical data. Beginning with equipment technical data concept and status, the paper studies the general idea of equipment technical data planning, makes deep analysis of specific planning process, and puts forward an instructive output model. It is expected to offer an instruction to scientific planning of equipment technical data, so as to accelerate transformation of new equipment into combat effectiveness, and improve equipment support capacity.

scholarly journals ANALISIS KEMAMPUAN BERPIKIR KRITIS AUDITOR INTERNAL PADA TAHAP PERENCANAAN AUDIT SISTEM MANAJEMEN MUTU DI UNIVERSITAS SURABAYA

2016 ◽  
Vol 12 (2) ◽  
pp. 1
Author(s):  
Bella Callista ◽  
Fidelis Arastyo Andono
Keyword(s):  
Critical Thinking ◽  
Quality Management ◽  
Management System ◽  
Planning Process ◽  
Quality Management System ◽  
Internal Audit ◽  
Thinking Skills ◽  
Critical Thinking Skills ◽  
Audit Planning

<span>This study aims to look at how critical thinking skills when planning the audit of<br /><span>quality management system at the University of Surabaya. The background of<br />this research is because there has been no previous study that discusses the<br />critical thinking skills and their relation to the audit planning process. In its<br />practice, this study used a qualitative approach and can be categorized as basic<br />research by conducting interviews and document analysis as the primary method<br />for obtaining the data. It is intended that the results of this study can actually see how the role of critical thinking skills of internal auditors during audit planning. The interviews were conducted at 3 Ubaya internal audit staff. In the other, the analysis is done using several documents were obtained as a result of information that reinforces interviews. From these results, it was found that there is a role of the auditor’s ability to think critically when planning the audit of quality management system in Ubaya. In addition, critical thinking skills possessed by the auditor may develop through experience and the training.<br />Keywords: Internal Internal audit, critical thinking, quality management system.<br /></span></span>

scholarly journals ANALISIS KEMAMPUAN BERPIKIR KRITIS AUDITOR INTERNAL PADA TAHAP PERENCANAAN AUDIT SISTEM MANAJEMEN MUTU DI UNIVERSITAS SURABAYA

Media Ekonomi ◽  
2017 ◽  
Vol 20 (2) ◽  
pp. 1
Author(s):  
Bella Callista ◽  
Fidelis Arastyo Andono
Keyword(s):  
Critical Thinking ◽  
Quality Management ◽  
Management System ◽  
Planning Process ◽  
Quality Management System ◽  
Internal Audit ◽  
Thinking Skills ◽  
Critical Thinking Skills ◽  
Audit Planning

<p>This study aims to look at how critical thinking skills when planning the audit of quality management system at the University of Surabaya. The background of this research is because there has been no previous study that discusses the critical thinking skills and their relation to the audit planning process. In its practice, this study used a qualitative approach and can be categorized as basic research by conducting interviews and document analysis as the primary method for obtaining the data. It is intended that the results of this study can actually see how the role of critical thinking skills of internal auditors during audit planning. The interviews were conducted at 3 Ubaya internal audit staff. In the other, the analysis is done using several documents were obtained as a result of information that reinforces interviews. From these results, it was found that there is a role of the auditor’s ability to think critically when planning the audit of quality management system in Ubaya. In addition, critical thinking skills possessed by the auditor may develop through experience and the training.<br />Keywords: Internal Internal audit, critical thinking, quality management system.</p>

Are oncologists involved in cancer biomarker decisions at their institutions?

2013 ◽  
Vol 31 (15_suppl) ◽  
pp. 6617-6617 ◽  
Author(s):  
Christine B. Weldon ◽  
Julia R. Trosman ◽  
Al Bowen Benson ◽  
Gregory J. Tsongalis ◽  
Kalliopi P. Siziopikou ◽  
...  
Keyword(s):  
Decision Making ◽  
Cancer Care ◽  
Critical Role ◽  
Testing Methods ◽  
Exact Test ◽  
Cancer Centers ◽  
Individual Perception ◽  
Biomarker Testing ◽  
Survey Responses

6617 Background: Biomarkers play a critical role in oncology, but differences in accuracy and quality exist between different testing methods for specific markers. ASCO/CAP guidelines call for oncologists, on behalf of patients, to seek information on testing quality and to obtain assurance that testing laboratories are appropriately accredited (Wolff et al, JCO, 2007). We surveyed oncologists and pathologists from the NCI designated cancer centers to collect individual perception of their institution’s decision making on biomarkers, and awareness of lab quality accreditation. Methods: We conducted an IRB approved web survey of pathologists and oncologists at the 58 NCI designated cancer centers providing adult breast, gastric, esophageal and non small cell lung cancer care. The survey included 12 questions on institutional decision processes and lab quality accreditation. We analyzed results using simple frequencies and the Fisher's exact test. Results: The study achieved a response rate of 98% (57/58 sites), with survey responses from 115 pathologists and 156 oncologists. The perception that their institution uses a formal organizational review and decision process on new biomarker tests was reported by 47% (54/115) of pathologists and 31% (48/156) of oncologists (p= .0078). 22% (33/153) of oncologists report they are always involved in institutional decision making on biomarker method selection for their specialty. Awareness of CAP certification status for their institutional laboratory was reported by 88% (99/112) of pathologists and 46% (65/142) of oncologists (p <0.0001). Awareness of whether their institutional laboratory underwent CAP HER2 IHC and/or FISH proficiency testing was reported by 70% (53/76) of pathologists and by 21% (13/63) of oncologists who treat breast cancer (p<.0001). Conclusions: Oncologists are typically not actively involved in their institution’s decision making process to select biomarker testing methods, nor are many of them aware of their institutional lab’s quality accreditation. With the ever increasing role of biomarkers in cancer care, oncologists’ awareness of biomarker testing performance and their participation in decision making related to biomarkers will become critical.

scholarly journals Comments on Discussion Paper: Fraud and Going Concern in an Audit of Financial Statements: Exploring the Differences Between Public Perceptions About the Role of the Auditor and the Auditor’s Responsibilities in a Financial Statement Audit

2021 ◽  
Author(s):  
Tammie J Schaefer ◽  
Veena L Brown ◽  
Matthew S. Ege ◽  
Noel Harding ◽  
Dana R. Hermanson ◽  
...  
Keyword(s):  
Financial Statements ◽  
Public Perceptions ◽  
Research Literature ◽  
Financial Statement ◽  
Sufficient Time ◽  
Discussion Paper ◽  
Going Concern ◽  
Financial Statement Audit ◽  
External Reporting

We commend the International Auditing and Assurance Standards Board (the Board) on its efforts to determine “whether the auditing standards related to fraud and going concern need to be updated to reflect the rapidly evolving external reporting landscape.” We especially commend the Board on the timeliness of the call for input into these issues in that there is sufficient time to conduct research to further inform questions raised in the Discussion Paper and the questions that will inevitably arise as deliberations continue and progress is made on the project. We note below insights from the extant research literature as they relate to the questions posed in the Discussion Paper, but there remain many unanswered questions. We believe that many members of the Auditing Section of the American Accounting Association stand ready to work with the Board and other stakeholders to inform deliberations in this area.

scholarly journals The Impact of IT‑Business Alignment on SME Performance: The Mediating Effects of Strategic Collaboration, Coordination, and Responsiveness

2020 ◽  
Vol 23 (1) ◽  
Author(s):  
Rui Bi
Keyword(s):  
Business Strategy ◽  
Structural Equation ◽  
Critical Role ◽  
High Growth ◽  
Empirically Supported ◽  
Business Alignment ◽  
Survey Responses ◽  
Role Of It ◽  
The Impact

The alignment between information technology (IT) and business strategy is regarded as an ongoing issue for information systems (IS) researchers and practitioners. Although prior studies suggest the enabling role of IT‑business alignment on firm performance, our understanding of the processes through which such gains are achieved in the small‑to‑medium enterprise (SME) context still remains unclear. Moreover, there is limited research exporing how SMEs employ the alignment between IT and business strategy to work closely with their business partners in order to achieve business competences. In order to address these research gaps, this study investigates whether and how IT‑business alignment enables SMEs to achieve performance goals through developing strategic business activities effectively and efficiently. Using structural equation modelling analyses of survey responses collected from 211 Australian high growth SMEs, we find positive, significant, and impactful linkages between IT‑business alignment, strategic collaboration, coordination, responsiveness, and SME performance. The results also show that strategic collaboration, coordination, and responsiveness fully mediate the relationship between IT‑business alignment and SME performance. This study contributes to the IS research by providing empirically‑supported explanations for the critical role of IT‑business alignment in SME success. More significantly, through investigating the effect of IT‑business alignment at the inter‑mediate business process level, this research provides new insights to understand the underlying influential mechanisms of IT‑business alignment in the SME context. These findings have important implications for SME business managers.

Engaging Students in the Social Context of the Engineering Profession Through a Mock Congressional Hearing Exercise

2008 ◽  
Author(s):  
Patrick J. Cunningham
Keyword(s):  
Social Context ◽  
Student Survey ◽  
Engineering Profession ◽  
Course Content ◽  
The Social ◽  
Congressional Hearing ◽  
Technical Issues ◽  
The Government ◽  
Survey Responses

This research project investigates the benefit of a mock Congressional hearing exercise in facilitating students’ reflections on the role of engineers and scientists in society and government and how technological solutions are shaped by society and the government. The benefit is assessed by student survey responses and by instructor experiences throughout the exercise. The hypothesis is that the mock Congressional hearing will prove to be an active and engaging exercise that will result in greater awareness of the interaction of science and technology with society, greater confidence processing these issues, and increased knowledge of where to look for information on contemporary technological issues. In evaluation of the exercise, students noted that their awareness of the social and environmental dimensions of technical issues improved. They also indicated that they were introduced to several governmental websites for Congress and the agencies relevant to their topic. However, students did not feel that the mock hearings contributed significantly to their confidence in performing analysis of current technical issues facing society. Improvements for future mock hearing exercises, such as tying it more closely to the course content, are also presented.

scholarly journals Industry influence on materiality level determination in the process of financial statements audit

2020 ◽  
Vol 22 ◽  
pp. 1
Author(s):  
Gytis Kaziukonis ◽  
Gerda Jurkonienė
Keyword(s):  
Scientific Literature ◽  
Financial Statements ◽  
International Standards ◽  
Financial Statement ◽  
Audit Process ◽  
Qualitative And Quantitative ◽  
Audit Planning ◽  
Financial Statement Audit ◽  
Planning Procedure ◽  
And Performance

Materiality levels are being used by auditors in different financial statement audit planning, procedure performance and results measurement stages. Thus, ensuring that financial statements are not significantly distorted. International standards on auditing contain extensive levels in materiality interpretation however, when determining materiality, it is underlined that auditor must be versed about audited company‘s sector and industry. The aim of the research is to analyze the industry factors which influence materiality determination levels in financial statement audit process and to establish the scheme of industry influence on materiality level determination. An article applies information collection, systematization and interpretation methods, analysis of Lithuanian and foreign scientific literature, audit regulatory legal acts. The analysis enabled to determine that industry significantly influence both planning and performance materiality also the allocation of the latter for accounting articles. The influence is determined by qualitative and quantitative industry factors. Theoretical model of industry influence on materiality determination is submitted in the framework below.

The Role of the SLP in Autism Spectrum Disorder Screening and Assessment

2008 ◽  
Vol 15 (2) ◽  
pp. 50-59 ◽  
Author(s):  
Amy Philofsky
Keyword(s):  
Language Development ◽  
Critical Role ◽  
Children With Autism ◽  
Autism Spectrum ◽  
Children With Asd ◽  
Prevalence Estimates ◽  
Notable Increase ◽  
Screening Assessment ◽  
Critical Components

AbstractRecent prevalence estimates for autism have been alarming as a function of the notable increase. Speech-language pathologists play a critical role in screening, assessment and intervention for children with autism. This article reviews signs that may be indicative of autism at different stages of language development, and discusses the importance of several psychometric properties—sensitivity and specificity—in utilizing screening measures for children with autism. Critical components of assessment for children with autism are reviewed. This article concludes with examples of intervention targets for children with ASD at various levels of language development.

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