scholarly journals Analisis Kepatuhan Atas Penerapan Internet Corporate Reporting (ICR) pada Bank Umum Syariah Di Indonesia

2019 ◽  
Vol 5 (01) ◽  
Author(s):  
Dessy Noor Farida
Keyword(s):  
Financial Statements ◽  
Relevant Information ◽  
Financial Information ◽  
Islamic Banks ◽  
Timely Manner ◽  
High Quality ◽  
Public Companies ◽  
Corporate Reporting ◽  
Public Company

In the digital business era, having a high-quality and effective website is one of the priority strategies for many companies. Companies that have information on the company's website can make it easier for users to find all the necessary information related to the company without incurring high costs. With corporate reporting, the company will present financial information in a timely manner to convince users of financial statements that the data available is relevant information. In order to increase transparency while increasing the access of shareholders and other stakeholders to the information of issuers or public companies OJK (Otoritas Jasa Keuangan) issues regulations related to the website of the issuer or public company. The results of this study indicate that Islamic banks have not utilized the facilities provided on the website optimally. This is indicated by the ICR index average of Islamic banks which is still in the range of 51.1. The highest ICR index is owned by Bank Muamalat Indonesia with a score of 73.97 and the lowest ICR index is owned by Bank Mega Syariah bank with a score of 36.99.

scholarly journals Common Characteristics and Differences in External and Internal Auditing

2018 ◽  
Vol 4 (1) ◽  
pp. 261-267
Author(s):  
Fatmir Mehmeti
Keyword(s):  
Internal Control ◽  
Value Added ◽  
Internal Audit ◽  
Daily Practice ◽  
Financial Statements ◽  
Financial Information ◽  
Financial Reports ◽  
External Auditors ◽  
Logical Concept ◽  
Public Company

Abstract Many scholars have shown that failure in leading big companies as well as the latest financial crises have led the auditing market to perceive traditional auditing more as a legal requirement rather than as a value added for the company. There are others that do not completely agree to this, but they all accept that the auditing as a profession should accept changes which will affect the value added for the company from auditing. Nowadays the companies are required more accountability rather that it was required before, perversely only financial reports were reported by the companies. Auditing is a process which confirms the statement provided by the company management regarding the information in financial statements that are real and accurate. Auditing has to be based on evidences and logical concept for better understanding. For companies that operate in the market, it is important to provide financial information that is consistent, reliable and complete for all users of the financial statements (banks, potential shareholders and the international community). In daily practice of entities we have two kinds audit, the internal and external audits. Usually, these are interlinked and complementary, with the ultimate aim that the (overall) audit is more effective and the reports that will emerge are fully arguable and meaningful. The internal audit has an important role which is to increase the effectiveness of internal control in private or public company. Internal audit has the responsibility of informing the management of the institution of deficiencies or weaknesses in the internal control system. External auditors are the fist line of the front for companies liadership. They play a key role in verifying the financial information provided to shareholders. External auditors inspect the financial statements prepared by the entity and provide assurance and independent opinion if these statements represent a true and fair view of the entity's condition for the year under review.

The Improvement of Governance Decision Making Using XBRL

2011 ◽  
Vol 7 (2) ◽  
pp. 11-18 ◽  
Author(s):  
Ahmad Ahmadpour
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Relevant Information ◽  
Simultaneous Presentation ◽  
Stock Option ◽  
Financial Information ◽  
Financial Statement ◽  
Extensible Markup ◽  
Technology Users ◽  
Option Compensation

eXtensible Business Reporting Language (XBRL) has the potential to influence users’ processing of financial information and their judgments and decisions. XBRL is an eXtensible Markup Language (XML)-based language, developed specifically for financial reporting. XBRL, as a search-facilitating technology, contributes to direct searches and simultaneous presentation of related financial statement, and facilitates processing footnote information which could help financial statements’ users. XBRL is more than a distribution mechanism for data or facilitating technology. XBRL has the potential to significantly improve corporate governance. Putting that potential into practice requires an XBRL taxonomy model that is data based instead of document based. This paper hypothesizes that in the presence of search-facilitating technology, users’ judgments of financial statement reliability will be influenced by the choice of recognition versus disclosure of stock option compensation than in the absence of search-facilitating technology. When the stock option accounting varies between two firms, the search technology helps in both acquiring and integrating relevant information. The paper suggests the implementation of XBRL improves transparency of financial information and managers’ choices for reporting that information.

scholarly journals The relationship between the application of the principles of banking governance and the appropriateness of the outputs of the accounting system: العلاقة بين تطبيق مبادئ حاكمية البنوك وملاءمة مخرجات النظام المحاسبي

2019 ◽  
Vol 3 (8) ◽  
Author(s):  
Abeer Abdullah qarib , Aisha Mousa Yousef , Amal Ibrahim Wad
Keyword(s):  
Accounting Information ◽  
Financial Statements ◽  
Financial Information ◽  
Accounting System ◽  
Timely Manner ◽  
Accounting Systems ◽  
The Relationship

The study examined the relationship between the application of the principles of governance and the appropriateness of the outputs of the accounting system, The importance of the study was to highlight the relationship between the appropriate accounting information and the application of the principles of governance in accounting systems in addition to supporting the users' confidence in the financial information issued by the financial statements by providing appropriate information for making the appropriate decision. And aimed to identify the principles of governance and the characteristics of the suitability of the outputs of the accounting system The study recommended that banks should apply the principles of governance to include all banks that have been in compliance with the principles of governance. As well as the need to prepare information and present it in a timely manner to enhance its suitability, with the need to give shareholders all the information, especially regarding unusual processes that affect their rights.      

Statement of Cash Flows and financial analysis: The case of a multinational company in Mexico

2019 ◽  
pp. 10-19
Author(s):  
María Trinidad Alvarez-Medina
Keyword(s):  
Financial Analysis ◽  
Financial Statements ◽  
Relevant Information ◽  
Cash Flows ◽  
Position Statement ◽  
Financial Information ◽  
Multinational Company ◽  
Economic Entity ◽  
Investment And Financing ◽  
Statement Of Cash Flows

The statement of cash flows, based on the financial information standard (NIF) B-2, issued by the Mexican Council of Financial Information Standards (CINIF, whose objective is to present to users, the generation and application of cash for activities of operation, investment and financing The analysis of cash flows, the application of methods and techniques of analysis to the basic financial statements as a whole, provide relevant information about operational and financial strengths and weaknesses of an economic entity. In the case presented by a Mexican multinational company, the financial statements as of December 31, 2018, 2017 and 2016 are analyzed, using vertical and horizontal techniques, determining the generation and use of cash flows, financial ratios, percentages and trends. the statement of cash flows in conjunction with the statement of financial position, statement of comprehensive income and the statement of variations in stockholders' equity, they provide relevant information about the financial situation of an economic entity; and thus identify the reasons that explain the aspects of liquidity, leverage, profitability, activity and coverage, having more elements of judgment that allow it to support decision making.

Securities and Exchange Commission announces enforcement initiative directed at reporting violations by public company insiders

2015 ◽  
Vol 16 (1) ◽  
pp. 19-24 ◽  
Author(s):  
Richard J. Parrino ◽  
Peter Romeo ◽  
Alan Dye
Keyword(s):  
Securities And Exchange Commission ◽  
Timely Manner ◽  
Public Companies ◽  
Content Type ◽  
The Past ◽  
Public Company ◽  
The Us ◽  
Securities Laws ◽  
Enforcement Activity ◽  
Disclosure Obligations

Purpose – The purpose of this paper is to review the enforcement initiative announced by the US Securities and Exchange Commission (SEC) in September 2014 directed at reporting violations of the Securities Exchange Act of 1934 (Exchange Act) by public company officers, directors and significant stockholders. The paper considers the notable features of the first round of SEC enforcement actions pursuant to that initiative and proposes measures public companies and their insiders can adopt to enhance compliance with their reporting and related disclosure obligations under the Exchange Act. Design/methodology/approach – The paper examines the SEC’s enforcement initiative against the backdrop of the agency’s enforcement activity since 1990 for violations by public company insiders of the reporting provisions of Sections 13 and 16 of the Exchange Act. The paper summarizes the features of the reporting violations that attracted SEC enforcement interest in the recent proceedings and identifies the factors apparently weighed by the SEC in determining the amount of the penalties sought against those charged with the violations. Findings – The SEC’s latest enforcement actions are unprecedented for insider reporting violations. The new enforcement initiative represents an abandonment by the SEC of its largely passive approach of the past dozen years in which it charged insider reporting violations only when they related to fraud or other major violations of the securities laws. If reporting violations are flagrant, the SEC now promises to target the offenders for enforcement on a stand-alone basis without regard to other possible wrongdoing. The SEC also cautions that, as it did in some of the recent enforcement actions, it may charge companies that promise to assist their insiders in the preparation and filing of their reports, but do not to make the filings in a timely manner, with contributing to the filing failures. Originality/value – The paper provides expert guidance from experienced securities lawyers.

scholarly journals NON-DISCLOSURE OF FINANCIAL STATEMENTS OF PUBLIC COMPANIES AS AN ECONOMIC OFFENSE IN THE REPUBLIC OF SERBIA

2021 ◽  
Vol 25 (3) ◽  
Author(s):  
Marija Kostić ◽  
Vule M. Mizdraković ◽  
Vladimir Mitić
Keyword(s):  
Financial Reporting ◽  
Stock Exchange ◽  
Financial Statements ◽  
Legal Framework ◽  
Timely Manner ◽  
Public Companies ◽  
Official Gazette ◽  
Time Period ◽  
The Republic

The successful functioning and development of the capital market, along with the possibility of attracting new investments is largely contingent on the quality of financial reporting and the availability of the statements themselves. In view of the fact that the new Law on Accounting of the Republic of Serbia came into force, the question arises to what extent public companies respect legally prescribed deadlines for submitting their statements and by doing so do not commit an economic offense. The primary goal of this paper is to draw attention to the importance of a standardized and efficient legal framework that obliges public companies to publish financial statements in a timely manner. A survey was conducted that encompassed 416 public companies listed on the Belgrade Stock Exchange and their corresponding financialstatements for 2018, as the reporting period. We tried to establish whether the sampled companies disclosed their statements within the deadline prescribed by the Law on Accounting (Law on Accounting, Official Gazette of RS, 62/2013, 30/2018). The results show that most companies disclosed financial statements during the period when they are still considered useful to potential and existing investors. Nevertheless, practice showed that there was room for improvement, and this was achieved with the adoption of the new Law on Accounting, which took effect on January 1, 2020. It integrates the deadline for compiling and disclosing statements, which in fact shortens the time period during which information on the companies’ operations should be made available to the general public and potential investors.

scholarly journals DAMPAK PENINGKATAN ASSET, PROFITABILITAS DAN LIKUIDITAS TERHADAP LEVERAGE PERUSAHAAN

2017 ◽  
Vol 18 (3) ◽  
Author(s):  
Indra Widjaja
Keyword(s):  
Financial Statements ◽  
Positive Influence ◽  
Equation Model ◽  
Stock Exchanges ◽  
Public Companies ◽  
Public Company ◽  
Negative Effect

Every public company is required to submit financial statements audited bypublic accountant every year. This study examines the effect of the increase in assets, increase in profitability and increase in liquidity on leverage of public companies in the trade, services and investment sector, which are listed on the stock exchanges of Indonesia. This study used multivariate equation model. The study found that the increase in assets providing a positive influence but not significant. The increase in profitability provides positive influence and significant, while the increase in liquidity provides negative effect significantly.

scholarly journals KEJAHATAN AKUNTANSI DALAM KAITANNYA DENGAN UNDANG-UNDANG NOMOR 5 TAHUN 2011 TENTANG AKUNTAN PUBLIK

2018 ◽  
Vol 2 (2) ◽  
pp. 840
Author(s):  
Herman Fikri
Keyword(s):  
Financial Statements ◽  
Financial Information ◽  
Public Confidence ◽  
Certified Public Accountant ◽  
Public Companies ◽  
Financial Report ◽  
Accounting Scandals ◽  
Complex Methods ◽  
Public Accountant

A Certified Public Accountant has an important role in improving the quality and credibility of financial information or financial report of an entity. A public accountant has task in carrying out public confidence to provide an opinion on the financial statements of an entity. Thus, the responsibility of A Public Accountant lies on their opinion or statement on financial information of an entity, while the presentment of report or financial information is the managerial responsibility.Frequently, the accounting scandals are influence by politics and business, which appeared by the disclosure of misdeeds executives of public companies. This crime typically involve complex methods for misusing funds or misleading, exaggerating revenue, reducing cost, overstating the value of corporate assets or reducing the amount of obligations, sometimes they are working with the officials in other companies or affiliates. By referring the meaning of accounting scandals above, accounting crimes tend to be fraudulent statement (fraud whose regarding to the presentation of financial statements).Keywords: Accounting Scandals, Crimes, Companies, Politics, and Public.

The Improvement of Governance Decision Making Using XBRL

2012 ◽  
pp. 121-128
Author(s):  
Ahmad Ahmadpour
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Relevant Information ◽  
Simultaneous Presentation ◽  
Stock Option ◽  
Financial Information ◽  
Financial Statement ◽  
Extensible Markup ◽  
Technology Users ◽  
Option Compensation

eXtensible Business Reporting Language (XBRL) has the potential to influence users’ processing of financial information and their judgments and decisions. XBRL is an eXtensible Markup Language (XML)-based language, developed specifically for financial reporting. XBRL, as a search-facilitating technology, contributes to direct searches and simultaneous presentation of related financial statement, and facilitates processing footnote information which could help financial statements’ users. XBRL is more than a distribution mechanism for data or facilitating technology. XBRL has the potential to significantly improve corporate governance. Putting that potential into practice requires an XBRL taxonomy model that is data based instead of document based. This paper hypothesizes that in the presence of search-facilitating technology, users’ judgments of financial statement reliability will be influenced by the choice of recognition versus disclosure of stock option compensation than in the absence of search-facilitating technology. When the stock option accounting varies between two firms, the search technology helps in both acquiring and integrating relevant information. The paper suggests the implementation of XBRL improves transparency of financial information and managers’ choices for reporting that information.

A Survey of Internet Financial Reporting in Egypt

2014 ◽  
Vol 4 (1) ◽  
pp. 70
Author(s):  
Moataz Elhelaly ◽  
Ehab K.A Mohamed
Keyword(s):  
Developing Countries ◽  
Stock Market ◽  
Financial Reporting ◽  
Financial Statements ◽  
Listed Companies ◽  
Financial Information ◽  
Embryonic Stage ◽  
Western Countries ◽  
Corporate Reporting

Internet financial reporting (IFR) is fast becoming the norm in most western countries, however little is known about IFR practices in developing countries. This paper investigates the extent and variety of practices of internet financial reporting (IFR) by companies listed in the Egyptian Stock Market (CASE). This paper attempts to add to the literature on IFR by providing evidence of IFR practices in Egypt. Out of 213 companies which is the number of companies listed in 2010 the 100 companies in index EGX 100 were investigated to ascertain whether they maintain websites and/or if these sites are being used for communicating financial information. Only 36 of the listed companies on EGX 100 were found to operate websites, with even less (only twenty nine) engaging in IFR. However, IFR is not restricted to the publication of annual financial statements only as the companies also disclose financial highlights through their websites. The results of this study indicate that IFR is still at an embryonic stage in Egypt and there are lots of opportunities and challenges for all stakeholder parties in corporate reporting.

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