scholarly journals Principles of International Auditing and Assurance

2021 ◽  
Author(s):  
Rick Hayes ◽  
Philip Wallage ◽  
Peter Eimers
Keyword(s):  
Data Analytics ◽  
Audit Quality ◽  
International Perspective ◽  
International Standards ◽  
National Standards ◽  
Fourth Edition ◽  
Audit Process ◽  
Automated Tools ◽  
Structured Approach ◽  
World Perspective

The first textbook based upon International Standards on Auditing (ISAs), this fully revised and updated fourth edition presents a structured approach to auditing principles using ISAs as its basis. The International Standards on Auditing are now widely regarded as the global benchmark for auditing standards and as such an important audit quality indicator.<br><br> This book describes the developments and practical use of all ISAs, as well as significant national standards in different countries. The new edition has been updated in line with International Standards and presents a truly International perspective. The book provides students with a real-world perspective as close to current auditing practice and thinking as possible.<br><br> Key features:<br> <ol> <li>Structure of the book following the four phases of the audit process</li> <li>Coverage of the latest auditing insights including technology and automated tools & techniques (data analytics)</li> <li>Updates of the most recent auditing & assurance standards, including ISA 315 and 540</li> <li>Highlighting the broader range of assurance engagements</li> <li>Practice exam-style questions with end-of-chapter answers</li> <br><br> <a href="https://principlesofauditing.com/">And take a look at the book website here, for more information and extra materials for both tutors and students.</a>

Discussion on Determination of Non-Methane Hydrocarbons

2014 ◽  
Vol 1073-1076 ◽  
pp. 562-566
Author(s):  
Zhe Min Li
Keyword(s):  
International Standards ◽  
National Standards ◽  
National Standard ◽  
Measure Methods

This paper summarized the measure methods which include both Chinese national standards and international standards of how to determine the concentration of Non-methane Hydrocarbons (NMHC).Some problems and suggestions were discussed in this paper to improve the level of the measure methods and prompt the establishment of relative Chinese national standard.

scholarly journals Knowledge audit as an important tool in organizational management: A review of literature

2021 ◽  
pp. 026638212098603
Author(s):  
Lateef Ayinde ◽  
Ibrahim Oluwapelumi Orekoya ◽  
Qaozara Adebanke Adepeju ◽  
Adeyinka M Shomoye
Keyword(s):  
Knowledge Management ◽  
Explicit Knowledge ◽  
Research Question ◽  
International Standards ◽  
National Standards ◽  
Review Of Literature ◽  
Important Conclusion ◽  
Knowledge Audit ◽  
Review Current

The purpose of this paper is to review current literature on knowledge management and highlight the importance of knowledge audit in bringing about a holistic knowledge solution to knowledge management. Based on the review of literature on knowledge management, this study points out the role of knowledge audit in solving the challenges in organizations’ tacit and explicit knowledge. Specifically, the paper concentrates on knowledge audit, knowledge risk and international and national standards on knowledge audit processes. The contribution of this study to literature are the suggestions that knowledge risk and international standards procedures could be applied to knowledge audit. The important conclusion of this paper is that knowledge risk management has not been fully explored in the study of knowledge audit. The paper addresses the research question of what organizations must embark on in the process of knowledge audit. The paper attempts to provide answer to the question by highlighting the importance of knowledge audit and the reasons why organizations carry out knowledge audit, and also the existing knowledge audit frameworks and methodologies.

Determinants of Audit Quality with Auditor's Professionalism Skepticism as a Mediating Variable in Public Accounting Firm (KAP) Medan City

2021 ◽  
Vol 8 (9) ◽  
pp. 102-114
Author(s):  
Shabrina Tri Asti Nasution
Keyword(s):  
Audit Quality ◽  
Educational Institutions ◽  
Audit Process ◽  
Public Accounting ◽  
Professional Skepticism ◽  
Accounting Firm ◽  
The City ◽  
And Training ◽  
Good Attitude

The purpose of this study is to detect factors that encourage an increase in auditor professionalism skepticism so that they are able to produce quality audits. It is realized that audit quality comes from a good audit process and the auditor puts forward a good attitude of professional skepticism. The results of this study indicate that the experience and competence of auditors can increase the attitude of skepticism of auditor professionalism and audit quality. In addition, the skepticism of the auditor's professionalism is able to mediate the experience of the auditor and the competence of the auditor affects the quality of the audit. For KAP, especially in the city of Medan, it has an obligation to provide an equal portion of audit assignments to all auditors and provide opportunities for auditors to improve their abilities by attending education and training from both formal and non-formal educational institutions. Keywords: Experience, Competence, Skepticism, Audit Quality.

scholarly journals Selected issues of using international standards of auditing when assessing the application of the going concern basis by management personnel of a company

2018 ◽  
pp. 96-100
Author(s):  
S. V. Selishchev
Keyword(s):  
Financial Reporting ◽  
Methodological Approach ◽  
International Standards ◽  
Audit Process ◽  
Investment Activity ◽  
Going Concern ◽  
Financial Reporting Standards ◽  
Management Personnel ◽  
Business Entities ◽  
Audit Reports

The article deals with selected issues of the application of international standards of audit in domestic practice. The source of the main problem, which hinders the development of a unified methodological approach to the application of international standards, is determined, and proposals for its solution are provided. Particular attention is paid to the methodological recommendations for reflecting the requirements of international standards in the auditor’s working papers. The investment activity of foreign partners in Ukraine is conditional on the financial statement clarity for domestic business entities and their trust in them. While the former can achieved by the application of International Financial Reporting Standards, the latter is dependent on the application of International Standards of Auditing (ISA). The purpose of the article is to develop a methodological approach to the application of ISA, based on clarification of their essence and nature. The study of audit practice and opinions of users of audit reports shows that one of the key issues is compliance with the going concern basis of accounting by management personnel in preparing financial statements. It can be concluded from the study that ISA do not conform to the definition of “standards”, being more similar with some kind of “rules”. It means that ISA constitute the rules for performing audit by focusing the auditor attention on a specific set of issues and objects. This approach allows for a certain extent of control over the completeness the audit process and for assuring selected aspects of quality.

scholarly journals The Effect of Independence and Integrity on Audit Quality: Is There A Moderating Role for E-Audit?

2021 ◽  
Vol 23 (3) ◽  
Author(s):  
Diza Dianeke Budi Prabowo ◽  
Dwi Suhartini
Keyword(s):  
Industrial Revolution ◽  
Audit Quality ◽  
Practical Implication ◽  
Financial Statements ◽  
Auditor Independence ◽  
Audit Process ◽  
Accounting Firms ◽  
Audit Reports ◽  
The Impact

The financial statements must be reliable and become a benchmark in considering an audit decision on the financial statements. In order for this to be achieved, independence and integrity is required in carrying out the audit process. E-Audit helps overcome challenges in the industrial revolution 4.0 and prevent fraud. This research aims of testing and analyzing the role of e-audit in moderating the impact of auditor independence and integrity on audit quality. The data was collected through a questionnaire distributed to auditors at Public Accounting Firms in Surabaya. There are 36 respondents involved. The data were analyzed using SmartPLS. The results showed that auditor independence positively effect audit quality, auditor integrity positively effect audit quality; e-audit does non moderate the effect of auditor independence on audit quality; ande-Audit negatively moderates the effect of auditor integrity on audit quality. The practical implication of this research is that when determining high audit quality, independent auditors should at least increase their independence and integrity so that the resulting audit reports are of high quality and can be a reference for decision makers.

scholarly journals Development of a structure of norms for steel products based on a principle of advanced standardization

2019 ◽  
Vol 17 (1) ◽  
pp. 86-93
Author(s):  
Sergey V. Snimshchikov ◽  
Marina A. Polyakova ◽  
Aleksandr S. Limarev ◽  
Veniamin A. Kharitonov
Keyword(s):  
Product Quality ◽  
International Norms ◽  
International Standards ◽  
National Standards ◽  
Reinforcing Bars ◽  
Reinforcing Bar ◽  
Analysis And Synthesis ◽  
Standard Structure ◽  
National Practice ◽  
Quality Indexes

Problem Statement (Relevance): It is shown in the paper that at present one of the important problems in standardization is to harmonize requirements in standards with international norms. It is caused by the necessity to increase the product competitiveness in the external market conditions. At the same time, national practice in standardization, a variety of valid standards on the same product as well as the existing structure of standards do not make it possible to fully harmonize product quality indexes which are normalized in national standards with the relevant indexes of the best world similar standards. Objectives: Development of a new concept for a standard structure which allows combining requirements of both valid national standards and international norms. Methods Applied: When developing a new concept for the standard structure, the authors used universal methods of scientific cognition: analysis and synthesis, deduction, analogy, extrapolation, abstraction. Originality: Novelty of the proposed approach is based on the development of a new procedure for creating standards taking into consideration the existing practice in the product quality indexes setting, the level of similar world quality indexes, and economical factors. Findings: The paper presents the application of the developed concept for a standard structure by the example of an interstate standard for reinforcing bars. It was shown that a basic difference in the standard structure is that the standard had two sections. The first section contains norms valid in revoked national standards. The second section includes the requirements which were harmonized with the international standards. This makes it possible for a manufacturer to choose independently such kind of a technological process for reinforcing bar production which fully corresponds with the existing process facilities. Practical Relevance: The proposed concept for arrangement of the standard structure makes it possible to take into consideration the existing national experience in the area of setting norms for product quality indexes which are to the maximum extent harmonized with the level of similar world properties.

scholarly journals Impact of Applying Governance Standards in Evaluating the Quality of Internal Audit in Yemeni Private Universities

2021 ◽  
Vol 13 (46) ◽  
pp. 81-103
Author(s):  
Ahmed Ali Qassem Mohssen
Keyword(s):  
Audit Quality ◽  
Private Universities ◽  
Relative Weight ◽  
Internal Audit ◽  
Slight Variation ◽  
Internal Auditing ◽  
Audit Process ◽  
Transparency And Disclosure ◽  
The Impact

The study aimed to measure the impact of applying governance standards in evaluating the quality of internal audit in Yemeni private universities. To achieve this, the researcher followed the descriptive and analytical approach and employed a questionnaire to collect data from a sample that included (68) participants. After conducting relative analysis, governance was at an average level of (64.9%). There was also a slight variation in the level of implementation, as the dimension of transparency and disclosure was the most frequent dimension, followed by accountability and independence. Further, there was a medium level of adherence to internal auditing standards at a relative weight (65%). The level of commitment to the audit dimensions was as follows: managing the internal audit activities (67%), communicating the results (66%), assessing the risk and control management (64%), and planning and implementing the audit process (62%). and The study also found that the combined governance standards (transparency and disclosure, accountability, independence) increase the quality of the internal audit in Yemeni private universities and the highest dimensions of governance standards affecting the quality of internal auditing are the dimension of independence (80.3%), accountability (71.7%), and disclosure and transparency (63.7%). In light of this, the study recommended adopting governance standards as an integrated approach to achieve quality performance in private Yemeni universities; spreading the culture of governance in private universities among their leaders and staff by holding training courses, seminars, and conferences in order to be accepted and absorbed. In addition, governance should be included in some related academic courses in the disciplines of administrative and accounting sciences. Keywords: governance standards, internal audit quality assessment, private Yemeni universities.

scholarly journals CONDITIONS FOR FORMING THE TEACHER'S DIGITAL COMPETENCY IN THE POSTGRADUATE EDUCATION

2019 ◽  
Author(s):  
Iryna Vorotnykova
Keyword(s):  
Professional Development ◽  
High Speed ◽  
Postgraduate Education ◽  
International Standards ◽  
National Standards ◽  
It Infrastructure ◽  
Digital Competence ◽  
Postgraduate Students ◽  
Digital Competency ◽  
The Right

The article defines the conditions for the formation of a teacher's digital competence in postgraduate education. The analysis of the international standards of UNESCO, the European digital competence framework for citizens (DigComp 2.1 and educators (Digcompedu), and the generalization of the criteria for the definition and assessment of digital competence among teachers. The results of the study are based on the experience of improving the skills of teachers of the city of Kyiv using empirical methods: observation, survey (questionnaires, interviews). The questionnaire allowed to identify the main inquiries of teachers regarding the formation of individual trajectories of professional development, including in The conditions of the formation of the digital competence of teachers in the system of postgraduate pedagogical education are determined: the digitalization of education, the availability of legal documents on standards and requirements for the teacher's digital competency (international, institutional, national), the need to develop and implement the criteria for the development of digital competency teachers (tests, questionnaires, etc.), introduction of international, domestic projects on the use of ICT, readiness of postgraduate students Go to ensure the formation of the digital competency of teachers (IT infrastructure, availability of scientific, educational and environmental resources), IT infrastructure of the educational institutions in which the teacher works (hardware, software, including digital laboratories, connection to high-speed Internet, personalized informational and educational environments, etc.). In addition, an important condition is determined by the teacher's motivation to continuous professional development and self-assessment of his digital competence. It is proved that the development and implementation of national standards for teacher's digital competence, giving him the right to decide for themselves in which institutions to improve their qualifications, promote the introduction of new approaches to constructing individual paths for developing digital competency of teachers.

Big data and data analytics in auditing: in search of legitimacy

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Federica De Santis ◽  
Giuseppe D’Onza
Keyword(s):  
Big Data ◽  
Data Analytics ◽  
Audit Quality ◽  
Empirical Studies ◽  
Innovation Process ◽  
Structured Interviews ◽  
Senior Managers ◽  
Content Type ◽  
Audit Strategy ◽  
Audit Standards

Purpose This study aims to analyze the utilization of big data and data analytics (BDA) in financial auditing, focusing on the process of producing legitimacy around these techniques, the factors fostering or hindering such process and the action auditors take to legitimate BDA inside and outside the audit community. Design/methodology/approach The analysis bases on semi-structured interviews with partners and senior managers of Italian audit companies. Findings The BDA’s legitimation process is more advanced in the audit professional environment than outside the audit community. The Big Four lead the BDA-driven audit innovation process and BDA is used to complement traditional audit procedures. Outside the audit community, the digital maturity of audit clients, the lack of audit standards and the audit oversight authority’s negative view prevent the full legitimation of BDA. Practical implications This research highlights factors influencing the utilization of BDA to enhance audit quality. The results can, thus, be used to enhance the audit strategy and to innovate audit practices by using BDA as a source of adequate audit evidence. Audit regulators and standards setters can also use the results to revise the current auditing standards and guidance. Originality/value This study adds to the literature on digital transformation in auditing by analyzing the legitimation process of a new audit technique. The paper answers the call for more empirical studies on the utilization of BDA in financial auditing by analyzing the application of such techniques in an unexplored operational setting in which auditees are mainly medium-sized enterprises and family-run businesses.

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