financial audit
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Author(s):  
Isabel-María García-Sánchez ◽  
Nicola Raimo ◽  
Víctor Amor-Esteban ◽  
Filippo Vitolla

AbstractThe objective of this study is to examine the role that the specialized committees, created within the board of directors, and the auditor play in relation to the hiring of a non-financial information assurance service and in relation to the choices of the assurance provider for such non-financial information. Specifically, this study analyses the effect of the independence and specialisation of the audit committee, the existence of a CSR committee, and the reputation of the financial auditor associated with its classification as Big4. The results indicate that those responsible for financial information do not show interest in contracting an assurance service, especially if it is realized by an accountant provider, except that the information is standardised according to the Global Reporting Initiative guidelines and the contracted service is comparable to the financial audit standards, has assurance for a reasonable/high level, and is carried out according to the ISAE3000 standard.


2021 ◽  
Vol 5 (1) ◽  
pp. 6
Author(s):  
Azwar Annas ◽  
Iid Mufaidah ◽  
Dimas Juli Prasetyo

ABSTRAKBadan Usaha Milik Desa (BUMDes) Lembu Suro, Desa Genteng Kulon, Kabupaten Banyuwangi, Jawa Timur merupakan badan usaha yang bergerak dalam bidang usaha properti desa yang siap untuk disewakan kepada masyarakat pelaku usaha di Desa Genteng Kulon. Laporan keuangan BUMDes Lembu Suro biasa dilaporkan setiap tahun kepada Kepala Desa dan Badan Permusyawaratan Desa. Namun, kondisi manajemen keuangan BUMDes cukup buruk dengan catatan yang tidak teratur sehingga laporan keuangan tersebut cukup sulit dibaca. Kegiatan pengabdian masyarakat dari Agribisnis Institut Tekonologi dan Bisnis Muhammadiyah Banyuwangi adalah meningkatkan kinerja keuangan BUMDes dengan melakukan audit keuangan untuk melihat pencatatan keuangan BUMDes Lembu Suro sekaligus untuk menemukan kelemahannya sehingga bisa menjadi referensi peningkatan kinerja laporan keuangan BUMDes. Pengabdian masyarakat ini dilakukan dengan metode pengamatan langsung dan diskusi mendalam. Hasil kegiatan ini menunjukkan bahwa pencatatan keuangan sudah dilakukan secara terperinci dan tidak ada kesalahan atau kecurangan. Beberapa kelemahan yang ditemukan yaitu kurangnya kerapian, tidak mempunyai jurnal umum, tidak mempunyai buku besar, penamaan unit yang tidak konsisten, dan transaksi pengeluaran yang tidak detail. Kata kunci: BUMDes, audit, pembukuan ABSTRACTThe Village Owned Enterprise (BUMDes) Lembu Suro, Genteng Kulon Village, Banyuwangi Regency, East Java is a business entity engaged in the village property business that is ready to be rented out to the business community in Genteng Kulon Village. Lembu Suro BUMDes financial reports are usually reported annually to the Village Head and the Village Consultative Body. However, the condition of BUMDes financial management is quite bad with irregular records so that the financial statements are quite difficult to read. The community service activity of the Agribusiness Institute of Technology and Business of Muhammadiyah Banyuwangi is to improve the financial performance of BUMDes by conducting a financial audit to see the financial records of BUMDes Lembu Suro as well as to find weaknesses so that it can be a reference for improving the performance of BUMDes financial statements. This community service is carried out by direct observation and in-depth discussion methods. The results of this activity indicate that the financial records have been carried out in detail and there are no errors or fraud. Some of the weaknesses found were lack of neatness, not having a general journal, not having a general ledger, inconsistent unit naming, and expense transactions that were not detailed. Keywords: BUMDes; audit; bookkeeping.


2021 ◽  
pp. 179-197
Author(s):  
Edyta Kalińska ◽  
Tomasz Gabrusewicz

The chapter demonstrates the digital transformation process in financial audit. Digitization improves the audit quality and increases the added value for stakeholders. The use of information is more efficient and auditors could focus on significant risks. The use of new technologies in the audit of financial statements helps to obtain more relevant audit evidence.


2021 ◽  
Vol 12 (6) ◽  
pp. s376-s390
Author(s):  
Olena Antoniuk ◽  
Natalia Koval ◽  
Svitlana Savitska ◽  
Yaroslavna Mulyk ◽  
Natalya Kuzyk ◽  
...  

Control plays an important role in ensuring the efficient use of funds, both public and business sectors of the economy. The purpose of the article is to consider the role of the State Audit Service of Ukraine in the implementation of financial state control. The study is based on the analysis of reports of the State Audit office of Ukraine on the results of state financial audits of health care institutions, which last took place in 2019. The analysis of the reports of the Ministry of Finance of Ukraine allowed to establish the effectiveness of the state financial audit at the national level during last three years. The article provides answers to the following questions: i) what tasks are performed by the State Audit office of Ukraine; ii) features of external and internal audit of public sector entities in Ukraine; iii) the effectiveness of internal audit at the national level on the basis of state financial audits; iv) problematic issues of internal audit development on the example of health care institutions; v) the main directions of development of the state internal audit in Ukraine.


2021 ◽  
Vol 19 (164) ◽  
pp. 724-742
Author(s):  
Ovidiu Constantin Bunget ◽  
Alin-Constantin Dumitrescu ◽  
Rodica Gabriela Blidisel ◽  
Oana Alina Bogdan ◽  
Valentin Burca ◽  
...  

The audit market, developed out of the need to strengthen the credibility and the quality of financial reporting, has led since the 1980s to a concentration around large audit firms, the dominance effect being marked on the one hand by the auditor’s increasing reputation and notoriety, and on the other hand by the client’s association with a reputed auditor, which contributes to improving the company’s image on the market. In this context, a major issue is represented by the level of the fees charged, as they represent key elements that may affect the auditor’s independence. Moreover, a sensitive aspect is the relationship between the fee charged for financial audit services and the one for non-audit services and the compensation practices between them. The European Commission wants to facilitate competition in an overly concentrated market and also provide the opportunity for small and medium-sized audit firms to become active players in the large corporate audit market through joint audit, in which at least one of the audit firms is not part of the Big4 group. The mandatory audit firm rotation and the limitation on the non-audit services provided are the main aspects of the recent audit reform that directly influences the fee level. The main purpose of this study is to analyse whether there is a pattern of audit costs at the community level. In this context, this paper aims to assess the uniformity of audit costs, namely to determine the structure of the audit market in the European Union. The research involves data set comparison methods, by analysing a sample of 2,896 firms listed on the stock exchange in 35 different states over the period 2013-2021.


Academia Open ◽  
2021 ◽  
Vol 5 ◽  
Author(s):  
Leny Ilyasari ◽  
Wiwit Hariyanto

This study aims to determine whether framing, groupthink, financial rewards, social values, and job market considerations have a influence on interest in choosing a career as a financial audit at the Muhammadiyah University of Sidoarjo students in the accounting study program during the covid-19 pandemic.This study used a quatitative approach. Data collection techniques of collecting using a questionnaire. The population of this study includes all the accounting students of Muhammadiyah University of sidoarjo, batch 2020 as many  as 178 students. The sampling technique used was simple random sampling, the slovin formula and obtaineda sample of 123 respondents. Method of analysis data used in thi research was multiple  linear  regression  techniques by using the  SPSS version 25 test tool .The results of this study indicate that framing, groupthink, financial rewards, social values, and job market considerations have a significant influence on interest in choosing a career as a financial auditor at the Muhammadiyah University of Sidoarjo students in the accounting study program during the Covid-19 pandemic.       


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