Application Of Analytical Procedures In The Audit Process:, Case Study Of Biofarm Company For The Period 2014 - 2017

Background: Resistance acting on a cyclist is a major concern among the cycling fraternity. Most of the testing methods require previous training or expensive equipment and time-consuming set-ups. By contrast, analytical procedures are more affordable and numerical simulations are perfect for manipulating and controlling inputs. The aim of this case study was to compare the drag of a cyclist in the aero position as measured using numerical simulation and analytical procedures. Methods: An elite male cyclist (65 kg in mass and 1.72 m in height) volunteered to take part in this research. The cyclist was wearing his competition gear, helmet and bicycle. A three-dimensional model of the bicycle and cyclist in the aero position was obtained to run the numerical simulations. Computational fluid dynamics (CFD) and a set of analytical procedures were carried out to assess drag, frontal area and drag coefficient, between 1 m/s and 22 m/s, with increments of 1 m/s. The t-test paired samples and linear regression were selected to compare, correlate and assess the methods agreement. Results: No significant differences (t = 2.826; p = 0.275) between CFD and analytical procedures were found. The linear regression showed a very high adjustment for drag (R2 = 0.995; p < 0.001). However, the drag values obtained by the analytical procedures seemed to be overestimated, even though without effect (d = 0.11). Conclusions: These findings suggest that drag might be assessed using both a set of analytical procedures and CFD.

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A CASE STUDY ON POLICY-STRATEGIC ENVIRONMENTAL ASSESSMENT: THE ECO-AUDIT OF THE IRISH NATIONAL DEVELOPMENT PLAN 2000–2006

Journal of Environmental Assessment Policy and Management ◽

10.1142/s1464333201000698 ◽

2001 ◽

Vol 03 (02) ◽

pp. 241-272

Author(s):

EFTHIMIS I. ZAGORIANAKOS

Keyword(s):

Government Policy ◽

Policy Making ◽

Good Practice ◽

National Development ◽

Development Plan ◽

Audit Process ◽

National Development Plan ◽

Institutional Settings ◽

Insight Into

This paper, which is based on a recent research project, offers an insight into the experience of integration of Strategic EnvironmentalAssessment (SEA) within government policy-making in Ireland, and Greater Dublin in particular. This is materialised by means of appraising the degree of integration of the Eco-Audit process with the transport policy-making process of the Irish National Development Plan (2000–2006). The recent establishment of the Eco-Audit guidelines by the Irish government in 1999 is the first attempt to institutionalise a type of policy-SEA in Ireland and one of few internationally. Therefore, it can be seen as a "good practice" case study that could potentially provide the context for transference of experience on SEA integration in similar institutional settings in other countries as well in different decision-making levels within Ireland. The paper concludes that this initiative undoubtedly promotes SEA practice at a sensitive government policy level and provides useful ideas for further SEA integration in the future shaping of the Eco-Audit model.

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ANALISIS PRAKTIK MINDRING MODERN

An-Nisbah Jurnal Ekonomi Syariah ◽

10.21274/an.v8i2.4630 ◽

2021 ◽

Vol 8 (2) ◽

pp. 403-423

Author(s):

Nurzahroh Lailyah ◽

Rozaq Muhammad Yasin ◽

Pungky Lela Saputri

Keyword(s):

Qualitative Research ◽

Data Reduction ◽

Data Display ◽

Case Study Approach ◽

Study Approach ◽

Data Validity ◽

Analytical Procedures

This research aims to analyze the practice of Mindring Modern Jaya Mandiri in Kudus from the view of the National Sharia Council (DSN) fatwa of the Indonesian Ulema Council (MUI) No. 110/DSN-MUI/IX/2017 about sale and purchase contracts. This research is a qualitative research with a case study approach. The method used in this research is interview, observation, and documentation. The data validity technique used is triangulation, with analytical procedures including data reduction, data display, making conclusions and verification. The results of this study indicate that the practice of Mindring Modern Jaya Mandiri Kudus is not in accordance with the fatwa of DSN MUI No: 110/DSN-MUI/IX/2017. The use of the lease-purchase contract is not in accordance with the practice of mindring. The appropriate contract is bai’ al-taqsith.

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Improving Analytical Procedures: A Case of Using Disaggregate Multilocation Data

Auditing A Journal of Practice & Theory ◽

10.2308/aud.1999.18.2.128 ◽

1999 ◽

Vol 18 (2) ◽

pp. 128-142 ◽

Cited By ~ 10

Author(s):

Robert D. Allen ◽

Mark S. Beasley ◽

Bruce C. Branson

Keyword(s):

Future Research ◽

Case Study Approach ◽

Study Approach ◽

Location Data ◽

Location Models ◽

Accuracy And Precision ◽

Analytical Procedures ◽

The Individual ◽

Disaggregate Models

According to SAS No. 56, Analytical Procedures, the use of disaggregate, individual location data can improve the effectiveness of analytical procedures used in multilocation audits. Using a case-study approach, we investigate whether improvements in the accuracy and precision of account balance expectations can be obtained by using disaggregate, individual location data in a large, multilocation company. Specifically, we examine two issues: (1) whether the summation of individual location expectations generates more accurate and precise expectations of company-wide account balances than expectations based on company-wide data only and (2) whether the accuracy and precision of analytical procedures is enhanced by including peer location observations of the account balance in individual location expectation models. We find that for the multilocation company examined in this case study the summation of individual location account balance expectations is not more accurate or precise than an expectation derived from aggregate models unless the individual location models include peer location observations of the account balance. When the individual location models include the same account observations from other peer locations within the company, the company-wide account balance expectations developed from disaggregate models are more accurate and precise (less variable) than expectations developed using aggregate, company-wide data only. The results from this case study indicate that when auditors are generating expectations of company-wide balances, disaggregate models incorporating peer location account observations provide account balance expectations that are both more accurate and more precise than company-wide, aggregate models. Given the limitations of a case-study approach, future research should be directed at establishing the generalizability of these findings.

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The ebbs and flows of changing acute bed capacity delays

Australian Health Review ◽

10.1071/ah11077 ◽

2013 ◽

Vol 37 (1) ◽

pp. 66 ◽

Cited By ~ 4

Author(s):

Kathryn M. Zeitz ◽

Libby Carter ◽

Craig Robinson

Keyword(s):

Compliance Rate ◽

Adelaide Hospital ◽

Service Improvement ◽

Royal Adelaide Hospital ◽

Audit Process ◽

Once Daily ◽

Bed Capacity ◽

Flows Over Time ◽

Hospital Inpatients

Objective. This case study provides a summary of changes in acute hospital bed delays that have occurred over a 4-year period as identified through a Capacity Audit process. Background. Royal Adelaide Hospital (RAH) designed a Capacity Audit process and tool that provides a systematic method to evaluate factors limiting access to inpatient bed capacity. The aim of the audit is to improve understanding of bed capacity by identifying key causes of delay for hospital inpatients and quantify the most frequent causes of blocked bed capacity. This can then be used to underpin targeted improvement work. The Capacity Audit has been undertaken at the RAH over three cycles. Method. The Capacity Audit involves a survey of every open and staffed bed, identifying how the bed is being used: for acute care or treatment, if there was a delay to the patient for discharge, or if the bed was unavailable. The first and second cycle of the audit (2007–2008) involved a twice-daily survey over a 2-week period and the third audit cycle in 2010 occurred once daily for 1 week. Results. On average, 620 beds were surveyed daily with an audit compliance rate ranging from 85–97%. This process has revealed almost 75% of beds are used positively for care. Of the remaining 25% of hidden capacity identified, non-clinical discharge delays account for 10% of total beds surveyed. Waiting for post-acute beds has consistently remained the main cause of acute bed delay. Conclusion. The Capacity Audit process and tool has been used to track progress, trends and change resulting from service improvement efforts, and to provide the evidence to commence strategies to reduce the hidden capacity issues. This case study has shown that whilst overall bed stock usage for positive care has not changed significantly there are various ebbs and flows over time in relation to the reasons for bed delays.

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EXPERTISE, INDEPENDENCE AND PROFESSIONAL SKILLS OF INTERNAL AUDITORS IN PREVENTING FRAUD ON E-COMMERCE TRANSACTIONS (A CASE STUDY AT PT KERETA API INDONESIA)

Asia Pacific Fraud Journal ◽

10.21532/apfj.001.16.01.02.25 ◽

2016 ◽

Vol 1 (2) ◽

pp. 337

Author(s):

Arsy Eza Febie Romadhina

Keyword(s):

Qualitative Research ◽

Information Technology ◽

Data Analysis ◽

Data Reduction ◽

Data Model ◽

Professional Skill ◽

Audit Process ◽

Internal Auditor ◽

Internal Auditors

Nowadays, the development of information technology has given significant impact on various activities. Easy facilities provided by information technology enable the society, especially costumers, to make transactions at their workplace or home. Such demands make producers and companies feel the need to apply e-commerce their business. This research aims to give information about the expertise, independence, and professional skill of the internal auditors in preventing fraud on e-commerce transactions. This research applies Miles and Huberman model with three activities in the data analysis, such as: data reduction, data model, and conclusion withdrawal. This research uses qualitative research with a case study at PT KeretaApi Indonesia (Persero). The result obtained from this research shows that the audit process of e-commerce at PT KeretaApi Indonesia (Persero) is entirely conducted by the Internal Auditors in IT Unit, because IT Unit has its own Team of Auditors outside the SPI Unit (Internal Auditor Unit) of PT KeretaApi Indonesia (Persero).

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The Effect of Auditors' Use of Analytical Procedures in the Light of ISA 520 on Audit Quality: Evidence from Jordan

Studies of Applied Economics ◽

10.25115/eea.v40i1.6637 ◽

2021 ◽

Vol 40 (1) ◽

Author(s):

Hasan Al Qtaish ◽

Mohammed Hassan Makhlouf ◽

Abdul Hakim Joudeh

Keyword(s):

Audit Quality ◽

Financial Analysis ◽

Point Of View ◽

Financial Ratios ◽

Audit Process ◽

External Auditors ◽

Personal Variables ◽

Analytical Procedures ◽

The Impact

This study aims to demonstrate the effect of auditors' use of analytical procedures in the light of audit standard 520 (ISA 520) on the audit quality from the point of view of external auditors in Jordan. Moreover, the study sought to make valuable recommendations to develop audit methods and address weaknesses to take advantage of financial analysis methods. To achieve the objectives of the study, questionnaire was developed included (35) questions distributed to a sample of auditors practitioners of the audit profession and numbered (64) auditors, have been recovered, (60) of them were collected, and all of them, were used in analysis; One sample t-test was used to test the hypotheses of the study. the researcher found: There is a statistically significant impact of auditors' use of analytical procedures on the quality of audit for both: the auditor 's use of financial ratios and the comparing financial ratios and extracted information with predetermined standards (financial analysis standards), also there are no statistically significant differences on the impact of auditors' use of analytical procedures on the quality of audit attributable to personal variables (educational qualification, specialization, duration of service). Finally, researchers Finally, the researcher made some recommendations to develop the audit process, the most important of them: The supervisory authorities shall ensure that Audit offices and auditors should comply with international auditing standards in general and in the field of analytical procedures based on the International Auditing Standard (520), as well as Standard No. (220) on Quality Auditing in particular. and professional standards and meet the wishes of users of financial statements to achieve quality control and be subject to peer review.

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What contributes to auditee satisfaction in external ISO 9001 audits?

The TQM Journal ◽

10.1108/tqm-09-2021-0263 ◽

2022 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Jan Lenning ◽

Ida Gremyr ◽

Hendry Raharjo

Keyword(s):

Graphical Models ◽

Single Case ◽

Iso 9001 ◽

Case Study Method ◽

Audit Process ◽

Content Type ◽

Body Of Knowledge ◽

Specific Factors ◽

Service Perspective

PurposeThis study aims to explore factors that contribute to auditee satisfaction in external audit fieldwork of ISO 9001, and relationships between these factors.Design/methodology/approachThe purpose is addressed through a single case study and based upon data collected by a questionnaire. Data were analysed using probabilistic graphical models.FindingsAn auditor's knowledge of operations is shown to be the single most important factor contributing to auditee satisfaction in the study. Furthermore, establishing a co-operative audit atmosphere and focussing on business improvements support the co-creation of value in the interaction between auditor and auditee, while a focus on ISO compliance appears to be more of a hygiene factor.Research limitations/implicationsThis paper is based on a study of one company and its interactions with one of the certification bodies for external auditing. Hence, the generalisability of the findings is limited by the case study method.Practical implicationsThis paper identifies that an auditor's knowledge of operations and a focus on improvements and co-creation of value can improve auditee satisfaction and appreciation of the audit process.Originality/valuePrevious research has concluded that audit fieldwork is a key attribute associated with auditee satisfaction. This paper adds to this body of knowledge by empirically examining the specific factors within audit fieldwork that contribute to auditee satisfaction and focuses on value-creation in the audit process. By understanding these factors and moving towards a service perspective on audits with value co-creation as focus, it is possible to enhance the value of external audits.

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THE FEATURES OF INTANGIBLE ASSETS AUDIT: ANALYTICAL PROCEDURES AND INSPECTION

Economic Analysis ◽

10.35774/econa2017.02.201 ◽

2017 ◽

pp. 201-208

Author(s):

Liliia Tarasenko

Keyword(s):

Systematic Approach ◽

Intangible Assets ◽

Specific Character ◽

Audit Process ◽

External Review ◽

Existing Problems ◽

Financial Position ◽

Analytical Procedures ◽

Independent Audit

Increasingly, information, which is recorded on the reports, requires independent appraisal for user getting certainty about the financial position of enterprise. To provide such confirmation, the independent audit is a necessary procedure. Due to the fact, that level of intangible assets is all the time increasing, special attention should be paid to methods, which are used during the external review of specific objects. The article deals with the analysis of the existing problems of independent audit of intangible assets. This audit aims to work out the ways for its improvement taking into account the specific character of the mentioned object. It has been grounded the necessity of audit systematic approach particular the analytical procedures to enhance objectivity in formulating the auditor's report. The mistakes of accounting have been identified during the research. They are considered as a base for developing proposals referring to the audit process.

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