To see the other types of publications on this topic, follow the link: International Standards on Auditing (ISA).
Journal articles on the topic 'International Standards on Auditing (ISA)'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 journal articles for your research on the topic 'International Standards on Auditing (ISA).'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse journal articles on a wide variety of disciplines and organise your bibliography correctly.
1
Harahap, Devianti, NR Handiani Suciati, Evita Puspitasari, and Sakina Rachmianty. "PENGARUH PELAKSANAAN STANDAR AUDIT BERBASIS INTERNATIONAL STANDARDS ON AUDITING (ISA) TERHADAP KUALITAS AUDIT." Jurnal ASET (Akuntansi Riset) 9, no. 1 (November 13, 2017): 55. http://dx.doi.org/10.17509/jaset.v9i1.5444.
Full textAbstract:
Abstract. An effort to improve the quality of auditing in Indonesia is achieved by applying the latest auditing standards, which refer to the International Standards on Auditing (ISA). The purpose of this research is to examine the influence of the implementation of auditing standards based on International Standards on Auditing (ISA) towards audit quality. Independent variables of this research is the effects of the implementation of auditing standards based on International Standards on Auditing (ISA) towards audit quality. The dependent variable of this research is audit quality. The method that was used in this research is descriptive method by using the survey research approach of data. The research was employed for a sample consisting of 40 auditors who work at Public Accounting Firm in Bandung which are registered in Financial Services Authority (FSA) and Big Four Public Accounting Firm . The analysis method that was used in this research is simple linear regression anlysis. The result shows that the implementation of auditing standards based on International Standards on Auditing (ISA) has a significant influence on the audit quality at 15,2%, and the rest of 84,2% is influenced by other variables which are not included in this research.Keywords: international standards on auditing (isa); audit quality Abstrak. Salah satu upaya untuk meningkatkan kualitas audit di Indonesia adalah dengan diterapkannya standar audit yang mengacu kepada International Standards on Auditing (ISA) oleh Institut Akuntan Publik Indonesia (IAPI). Penelitian ini bertujuan untuk menguji kembali apakah pelaksanaan standar audit berbasis ISA telah berpengaruh terhadap kualitas audit pada Kantor Akuntan Publik. Penelitian dilakukan dengan menggunakan variabel independen yaitu pelaksanaan standar audit berbasis ISA, sedangkan variabel dependen dalam penelitian ini adalah kualitas audit. Metode yang digunakan dalam penelitian ini adalah metode deskriptif dengan jenis penelitian survey data. Sampel yang digunakan yaitu sebanyak 40 auditor pada Kantor Akuntan Publik Komisariat Wilayah Bandung yang terdaftar di Otoritas Jasa Keuangan. Metode analisis yang digunakan dalam penelitian ini adalah analisis regresi linier sederhana. Hasil penelitian menunjukkan bahwa pelaksanaan standar audit berbasis ISA berpengaruh secara signifikan sebesar 51,6% terhadap kualitas audit, sedangkan sisanya sebesar 48,4% dapat dijelaskan oleh variabel lain diluar penelitian ini.Kata Kunci: international standards on auditing (isa); kualitas audit
2
Лосева, Н., and N. Loseva. "International auditing standards: new current version." Auditor 5, no. 9 (October 11, 2019): 31–37. http://dx.doi.org/10.12737/article_5d8893243986d6.49558949.
Full textAbstract:
Th e article discusses the new current version of the international auditing standards, introduced in early 2019 in Russia, changes, amendments, defi nitions and further directions in the development of ISA.
3
Boolaky, Pran, and Kamil Omoteso. "International standards on auditing in the international financial services centres." Managerial Auditing Journal 31, no. 6/7 (June 6, 2016): 727–47. http://dx.doi.org/10.1108/maj-09-2015-1243.
Full textAbstract:
Purpose This paper aims to investigate the position of international financial services centres (IFSCs) in the International Federation of Accountants’ countries’ status on the adoption of International Standards on Auditing (ISA) and assess the factors influencing ISA adoption in these centres. Design/methodology/approach This research drew its data from various sources, including the World Economic Forum (WEF) data set, the World Bank Report on Observation of Standards and Codes, the World Development Indicators and the Economic Intelligence Unit Report on Democracy Index on 50 countries classified as IFSCs. The adoption status is then regressed on a number of variables of interest. To establish that the results are robust, the authors used a combination of different regression techniques comprising OLS, multinomial and logistic regressions. Findings In addition to the gross domestic product growth and education level, this paper adds new evidence to the literature by reporting the positive association between the level of democracy and the enforcement of securities’ regulation on ISA adoption. It argues that political, economic, social and legal factors impact on ISA adoption in the IFSCs. Research limitations/implications The sample size is limited to 50 from a population of 99 IFSCs because of the lack of data. Some of the independent variables are basically archival data. Reliance is placed on WEF with regard to the measurement of protection of minority interest, securities and exchange regulations and on the Economic Intelligence Unit for democracy index. Practical implications This paper stresses the importance of ISAs in IFSCs and the role of political power and the enforcement of securities laws on the adoption of ISA. Originality/value This study fills the research gap relating to the absence of empirical studies on ISA adoption and its drivers in IFSCs.
4
Feng, Nancy Chun, Mikhail Pevzner, Jesse Robertson, and Massood Yahya-Zadeh. "Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on International Standard on Auditing (ISA) 720 (Revised), The Auditor's Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor's Report Thereon." Current Issues in Auditing 7, no. 2 (April 1, 2013): C1—C6. http://dx.doi.org/10.2308/ciia-50478.
Full textAbstract:
SUMMARY On November 14, 2012, the International Auditing and Assurance Standards Board (IAASB) solicited public comments on its exposure draft of the document entitled International Standard on Auditing (ISA) 720 (Revised), The Auditor's Responsibilities Relating to Other Information in Documents Containing or Accompanying Audited Financial Statements and the Auditor's Report Thereon. The four-month comment period ended on March 14, 2013. This commentary summarizes the contributors' views on this exposure draft. Data Availability: The exposure draft and other related information are available at http://www.ifac.org/publications-resources/international-standard-auditing-isa-720-revised-auditor-s-responsibilities-re
5
Sari, Caecilia Mesian Anggit, and Rustiana Rustiana. "Pemetaan Penerapan Standar Audit Berbasis ISA Pada Kantor Akuntan Publik (KAP) di Daerah Istimewa Yogyakarta." MODUS 28, no. 1 (March 26, 2016): 23. http://dx.doi.org/10.24002/modus.v28i1.663.
Full textAbstract:
Abstrak Tujuan dari penelitian ini adalah untuk memetakan penerapan standar auditing berdasarkan International Standards on Auditing (ISA) di Kantor Akuntan Publik (KAP) di Yogyakarta. Penelitian ini merupakan penelitian kualitatif yang menggunakan wawancara mendalam dan kuesioner terbuka untuk mengumpulkan data dari KAP. Sampel penelitian adalah 6 dari 12 KAP di Yogyakarta. Analisis data menggunakan analisis deskriptif dan wawancara intensif dengan para pengambil keputusan dari KAP (manajer atau partner). Hasil penelitian menunjukkan bahwa 50% dari KAP di Yogyakarta berada pada tahap mengetahui (level 1), 17% pada tahap aplikasi (level 3), dan 33% pada tahap pendidikan (level 4). Implikasi dari penelitian ini adalah bahwa KAP di tingkat 1 harus berkontribusi secara aktif untuk mencari informasi tentang audit dari badan usaha kecil berdasarkan ISA yang telah diterbitkan oleh Ikatan Akuntan Indonesia. Pertanyaan dan Jawaban (TJ) buku pegangan berisi prinsip-prinsip audit yang berbasis ISA untuk badan usaha kecil dan menengah. Buku panduan ini dimaksudkan untuk membantu auditor dalam menerapkan standar audit yang relevan secara efektif dan efisien. Kata kunci: International Standards on Auditing (ISA), Kantor Akuntan Publik, Auditor Abstract The aim of this study is to map the application of the auditing standards based on the International Standards on Auditing (ISA) at public accounting firms in Yogyakarta. This study is a qualitative research that uses in-depth interviews and open-questionnaires to collect data from public accounting firms. The research sample consists of 6 of 12 public accounting firms. Data were analyzed by using descriptive analysis and intensive interviews with the decision makers of public accounting firms (managers or partners). The results show that 50% of public accounting firms in Yogyakarta are at the stage of knowing (level 1), 17% at the application stage (level 3), and 33% at the stage of education (level 4). The implication of this study is that the public accounting firms at level 1 should contribute actively to seek information about the audit of small business entities based on ISA which has been issued by the Indonesian Institute of Accountants. The Questions and Answers (TJ) handbook contains the ISA-based audit principles for small and medium business entities. This handbook is intended to assist the auditor in applying relevant audit standards effectively and efficiently. Keywords: International Standard on Auditing (ISA), Public Accounting Firm, Auditor
6
Массарыгина and V. Massarygina. "Methodological and Organization Aspects of Application of International Standards on Auditing in Auditing Practice in Russia." Auditor 2, no. 12 (December 25, 2016): 31–36. http://dx.doi.org/10.12737/23598.
Full textAbstract:
The article treats the problems of direct application of International standard on auditing in Russia. Author emphasizes some clauses of ISA to revise traditional treatments of connected approaches in Russian accounting. The article also analyzes some organizational measures connected with direct application of international standards on auditing in RF.
7
Eltweri, Ahmed, Alessio Faccia, and Luigi Pio Leonardo Cavaliere. "The role of culture on the adoption of International Standards on Auditing in the developing countries: An institutional perspective." Journal of Governance and Regulation 9, no. 4 (2020): 162–71. http://dx.doi.org/10.22495/jgrv9i4art14.
Full textAbstract:
This paper examines the role played by the culture on the adoption of the International Standards on Auditing (referred to as ISA henceforth) that intends to stimulate establishing an efficient auditing regime in Libyan auditing practice. The current research conducted interviews with 43 participants across five Libyan key stakeholders in the auditing environment. The methodology employed was in line with the relevant literature and it serves to achieve the aims and to answer the questions of this study (Ménacère, 2016). Institutional isomorphism produces a greater impact on Libya accounting and auditing practices (Phillips & Jiao, 2016). Therefore, this study examines that the cultural factor systematically and consistently assesses the level of ISA adoption, commitment, and associated harmonisation. Given the growing interest in harmonising the auditing practice, not only by scholars but also by policy and decision-makers, this study is aimed at contributing to improve and develop an under-researched topic in Africa, by expanding the literature on the importance of harmonising auditing practices. It also provides fresh insights into auditing practices in a politically unstable country. Awareness is also raised about other relevant drivers of adopting ISA.
8
Пожарицкая and I. Pozharitskaya. "The role of professional judgment in international standards on auditing." Auditor 1, no. 3 (March 25, 2015): 3–8. http://dx.doi.org/10.12737/12760.
Full textAbstract:
Based on the study of international audit standards and international framework of tasks to provide certainty defines the role of the auditor’s judgment in the process of auditing the financial statements. A conceptual model of professional judgment based on ISA 200. The conclusions about the need to develop the subject areas of application of professional judgment of the auditor and its methodological tools.
9
Boolaky, Pran K., and Teerooven Soobaroyen. "Adoption of International Standards on Auditing (ISA): Do Institutional Factors Matter?" International Journal of Auditing 21, no. 1 (December 25, 2016): 59–81. http://dx.doi.org/10.1111/ijau.12081.
Full text
10
CIURDAS, Ioana. "Measurement of Convergence Degree between International and US Auditing Standards for Accounting Estimates." Audit Financiar 18, no. 160 (October 29, 2020): 812–20. http://dx.doi.org/10.20869/auditf/2020/160/028.
Full textAbstract:
Through this study, the author aimed to analyze the evolution of international and American auditing standards on accounting estimates following the recent amendments initiated by the IAASB and PCAOB and to determine the degree of convergence between them. The results of the statistical tests show an increase in the level of convergence between the two referential (ISA 540 & AS 2501) and an improvement of the new ISA 540 compared to the old standard. This analysis demonstrates the similarity between the risk approaches specific to the estimates for the two measures, but also the existence of differences regarding the fair value and the use of external sources by the management or the auditor.
11
Winograd, Barry N., James S. Gerson, and Barbara L. Berlin. "Audit Practices of PricewaterhouseCoopers." AUDITING: A Journal of Practice & Theory 19, no. 2 (September 1, 2000): 176–82. http://dx.doi.org/10.2308/aud.2000.19.2.176.
Full textAbstract:
This paper discusses the development of the PricewaterhouseCoopers Audit Approach (PwCAA), identifies distinctive features of this approach, and provides information on new development areas. The discussion will provide a summary of each of these items and will focus on the distinctive features of the PwCAA. The article will not cover elements that appear to be consistent with other firm methodologies. Significant consistencies exist since all of the major international firms essentially operate under generally accepted auditing standards, i.e., the International Standards on Auditing (ISA) as established by the International Federation of Accountants. In the United States, they also comply with generally accepted auditing standards (GAAS) as established by the American Institute of Certified Public Accountants (AICPA).
12
Suyanto, Suyanto. "Speaking One Language with Different Accents: A Review on Adoption of International Accounting and Auditing Standards." Jurnal Dinamika Akuntansi dan Bisnis 5, no. 1 (January 22, 2018): 55–68. http://dx.doi.org/10.24815/jdab.v5i1.8084.
Full textAbstract:
The objective of this study is to comprehend different practices of accounting and auditing across countries. Although over 120 countries use similar accounting and auditing standards, resulting from converging towards IFRS and ISA respectively, a difference of accounting and auditing practices still exists. It needs a comprehensive theory or analytical framework to explain such differences. Yet, there is still a limited overarching theory and comprehensive analytical framework to explain different accounting and auditing practices. Hofstede's work on culture, which is widely used in accounting and auditing research, may be useful to comprehend various accounting and auditing practices. Alternative explanations using political and economic factors are also often proposed to explain the dissimilarities. These fragmentary approaches seem to result in lack of understanding on the issue. Seeking theories or analytical tools to provide an enhanced explanation of why accounting and auditing practiced differently may be worthwhile avenues.
13
Pratiwi, Henny, Tertiarto Wahyudi, and Arista Hakiki. "PENGARUH KARAKTERISTIK INDIVIDU DAN MOTIVASI KERJA TERHADAP PENERAPAN STANDAR AUDIT BERBASIS PRINSIP (INTERNATIONAL STANDARDS ON AUDITING) (Studi Eksperimen Pada Mahasiswa Akuntansi Universitas Sriwijaya)." AKUNTABILITAS: Jurnal Penelitian dan Pengembangan Akuntansi 11, no. 1 (August 9, 2019): 71–86. http://dx.doi.org/10.29259/ja.v11i1.8930.
Full textAbstract:
The comprehension and application of the Principle Based Audit Standards (International Standards on Auditing) is must be done by auditors in Indonesia. However, each individual characteristic has a different way of understanding and applying that standard. This study aims to measure the influence of individual characteristics and motivation on applying Principle Based Audit Standards (ISA). This study used an experimental method with posttest only control design. Quantitative data was obtained in interval scale that states performances in applying the Principle Based Audit Standards (ISA). The experimental results show that there are interactions between individual characteristics and motivation. Individuals with non-systematic characteristic have higher performance. While individuals with systematic characteristic will have higher performance if given a motivation.
14
Bierstaker, James, Lawrence Abbott, Paul Caster, Susan Parker, and Philip Reckers. "Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the Proposed International Standards on Auditing Revisions to ISA 315 and ISA 610." Current Issues in Auditing 5, no. 1 (January 1, 2011): C8—C10. http://dx.doi.org/10.2308/ciia-50007.
Full text
15
Asmara, Eka Noor, Supardi Supardi, and Sidiq Ashari. "Peran Organisasional Terhadap Pengembangan Bahan Ajar Pengauditan Berbasis ISA : Perspektif Dosen Pengauditan." SAR (Soedirman Accounting Review) : Journal of Accounting and Business 1, no. 1 (December 15, 2016): 1. http://dx.doi.org/10.20884/1.sar.2016.1.1.300.
Full textAbstract:
The adoption of International Standards on Auditing (ISA) by IAPI as a new auditing standard in Indonesia is unavoidable choice. As a consequences, alteration of teaching materials on higher education into ISA is considered as a necessary step that has to be taken. If the presumption of institutional isomorfism is taken place by IAPI, the feared of unwellprepared higher education and lectures in the process of adoption and integration new auditing standard has a reasonable reasons. This research is conducted to examine relationship of organization support and individual factor in the process of developing and teaching of audit course material to conform to ISA. Data collection in this research is based on survey that has been used in many similar researches. Training variable represent organization support as well as self-efficacy represent individual variable. Structural equation modeling is applied in this research. Finding of this research demonstrate that hypothesis of relationship between training and self-efficacy and teaching material is significantly supported so that this research elaborate institutional theory of institutional isomorphism. Finding of hypothesis examination indicates that organization support in the form of training could be a proper medium to increase lecturer competency especially in the ISA implementation. Furthermore, professionalism itself could be an important root for the creation of isomorphism norm.
16
Asmara, Eka Noor, Supardi Supardi, and Sidiq Ashari. "Peran Organisasional Terhadap Pengembangan Bahan Ajar Pengauditan Berbasis ISA : Perspektif Dosen Pengauditan." SAR (Soedirman Accounting Review) : Journal of Accounting and Business 1, no. 2 (December 15, 2016): 1. http://dx.doi.org/10.20884/1.sar.2016.1.2.300.
Full textAbstract:
The adoption of International Standards on Auditing (ISA) by IAPI as a new auditing standard in Indonesia is unavoidable choice. As a consequences, alteration of teaching materials on higher education into ISA is considered as a necessary step that has to be taken. If the presumption of institutional isomorfism is taken place by IAPI, the feared of unwellprepared higher education and lectures in the process of adoption and integration new auditing standard has a reasonable reasons. This research is conducted to examine relationship of organization support and individual factor in the process of developing and teaching of audit course material to conform to ISA. Data collection in this research is based on survey that has been used in many similar researches. Training variable represent organization support as well as self-efficacy represent individual variable. Structural equation modeling is applied in this research. Finding of this research demonstrate that hypothesis of relationship between training and self-efficacy and teaching material is significantly supported so that this research elaborate institutional theory of institutional isomorphism. Finding of hypothesis examination indicates that organization support in the form of training could be a proper medium to increase lecturer competency especially in the ISA implementation. Furthermore, professionalism itself could be an important root for the creation of isomorphism norm.
17
Pîrvuţ, Valentin. "Auditing of the Computerised Information Systems in the Military Organization." Scientific Bulletin 21, no. 1 (June 1, 2016): 36–39. http://dx.doi.org/10.1515/bsaft-2016-0034.
Full textAbstract:
Abstract An internal public auditing mission is a complex process with multiple objectives and auditable objects, which offers a most complete management of the audited entity’s identified risks and proposes solutions and recommendations for limiting their impact. In the informatics segment, the calculators, informatics systems (the operation systems, the informatics applications used in the entity, the accounting management systems of the data bases), the communication networks, the procedures and operations adjacent to the informatics systems, the policies in the system are subjected to control and evaluation. To this end, due to the importance the use of the calculator grants within the entities, in some countries there have been elaborated several normative acts regulating the use, control and auditing of the electronic devices used for processing the data. Thus, the most important regulations referring to the auditing within the computerized information systems (CIS - Computerized Information Systems) are the ISA ( International Standards on Auditing) and IAPS ( International Auditing Practice Statement) standards elaborated by IFAC ( International Federation of Accountants).
18
Brovkina, N. D. "Development Strategy for Audit Services Quality Supervisors." Accounting. Analysis. Auditing 6, no. 5 (October 27, 2019): 69–79. http://dx.doi.org/10.26794/2408-9303-2019-6-5-69-79.
Full textAbstract:
The issue of improving the financial reporting auditing process has been an important development of the financial services market for many years. The wave of claims to the quality of auditing findings has led to reform not only in the profession itself, in the form of the reworking of international auditing standards (ISA), but also to the review of the organization of state oversight and supervision of the quality of audit. Currently, the auditing supervision authorities in the Russian Federation are building their work in accordance with the agreements formed at the international level, including the documents of the International Forum of Independent Audit Regulators (IFIAR — International Forum of Independent Audit Regulators). At the annual forum taken place in April 2018, a number of organizational decisions were adopted, including the first-ever Strategic Plan for 2018–2021, which aims to ensure the quality of audits in cooperation with the global and regional networks of auditing organizations, standards-setting bodies and other key stakeholders. In order to ensure such interaction, the development strategy of auditing regulators in other IFIAR member states is of particular importance.
19
Selishchev, S. V. "Selected issues of using international standards of auditing when assessing the application of the going concern basis by management personnel of a company." Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, no. 1-2 (March 20, 2018): 96–100. http://dx.doi.org/10.31767/nasoa.1-2.2018.09.
Full textAbstract:
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.
20
Кочинев and Yuriy Kochinev. "An Assessment of the Materiality Threshold." Auditor 2, no. 8 (August 25, 2016): 12–15. http://dx.doi.org/10.12737/21058.
Full textAbstract:
Th e paper deals with the assessment of the materiality threshold for planning the audit of fi nancial statements in accordance with International Standards on Auditing (ISA) 320, «Materiality in planning and performing an audit». Th e analytical dependence linking the materiality threshold, level of materiality and the detection risk.
21
Sobol, O. S. "Legal regulation of obtaining audit evidence in the system of international audit standards in force in the Russian Federation." Courier of Kutafin Moscow State Law University (MSAL)), no. 9 (November 7, 2020): 71–76. http://dx.doi.org/10.17803/2311-5998.2020.73.9.071-076.
Full textAbstract:
This article analyzes the procedure for obtaining audit evidence, the regulation of which is contained in international auditing standards. The key role in the system of international standards governing the receipt of audit evidence is played by ISA 200, ISA 500, recognized and operating in the current period in the Russian Federation. Taking into account the analysis of these ISAs and the directly related international audit standards, the concept and types of audit evidence are determined, their essential characteristics, audit procedures aimed at obtaining audit evidence, disclose methods for selecting test items in order to obtain audit evidence, including the audit sampling method, which allows for a conclusion on the entire set of elements to be drawn. In addition, the procedure for obtaining audit evidence in relation to certain items of the financial statements is determined.
22
Brown, Veena Looknanan, Paul J. Coram, Sean A. Dennis, Denise Dickins, Christine E. Earley, Julia L. Higgs, Tammie J. Schaefer, and Kay W. Tatum. "Comments of the Auditing Standards Committee of the Auditing Section of the American Accounting Association on International Auditing and Assurance Standards Board Exposure Draft, Proposed International Standard on Auditing 315 (Revised): Identifying and Assessing the Risks of Material Misstatement and Proposed Consequential and Conforming Amendments to Other ISAs." Current Issues in Auditing 13, no. 1 (December 1, 2018): C1—C9. http://dx.doi.org/10.2308/ciia-52338.
Full textAbstract:
SUMMARY On July 16, 2018, the International Auditing and Assurance Standards Board (the Board or IAASB) issued a request for comment on its Exposure Draft, Proposed International Standard on Auditing 315 (Revised): Identifying and Assessing the Risks of Material Misstatement and Proposed Consequential and Conforming Amendments to Other ISAs (ED-315). Major enhancements proposed include explicit recognition of the auditor's use of automated tools and techniques, requiring an understanding of an auditee's use of information technology relevant to financial reporting, acknowledging the influence of an entity's complexity on the audit plan, and increasing the emphasis on the need for professional skepticism. The comment period ended on November 2, 2018. This commentary summarizes the participating committee members' views on selected questions posed by the IAASB. Data Availability: ED-315, including questions for respondents, is available at: https://www.ifac.org/publications-resources/exposure-draft-isa-315-revised-identifying-and-assessing-risks-material.
23
Кочинев, Юрий, and Yuriy Kochinev. "Meeting the ISA 550 «Related Parties» Requirements Taking into Account the National Jurisdiction." Auditor 4, no. 7 (July 31, 2018): 31–33. http://dx.doi.org/10.12737/article_5b504801b4e370.91308881.
Full textAbstract:
The article analyzes the requirements of the International Standards on Auditing (ISA) 550 «Related parties», as well as the regulations of the Russian tax legislation with respect to transactions with related parties. Recommendations to the auditor on an estimation of possible tax consequences as a result of realization of operations with the connected parties are offered.
24
Fakhfakh, Mondher. "The Islamic harmonization of consolidated auditors’ reports." Journal of Islamic Accounting and Business Research 11, no. 3 (January 2, 2020): 647–73. http://dx.doi.org/10.1108/jiabr-08-2017-0114.
Full textAbstract:
Purpose The purpose of this paper is to examine the level of harmonization of consolidated auditors’ reports issued by the independent auditors of Islamic banks. Design/methodology/approach A statistical measurement of the homogenization of the consolidated auditors’ reports of Islamic banks. International and Islamic auditing standards on consolidated auditors’ reports are used as the control (ISA 700 and AAOIFI standard-IAS2). Findings The results show a lack of harmonization among the Islamic bank’s groups in several elements related to the form of the consolidated auditor’s report and in all elements related to the independent auditor’s report. Originality/value This paper provides new empirical evidence about the measurement of harmonization in the form and content of the consolidated auditors’ reports of Islamic banks groups. It discusses the level of compliance with the consolidated elements enumerated by the standards issued by the International Federation of Accountants and the Accounting and Auditing Organization for Islamic Financial Institutions.
25
Bierstaker, James, Lawrence Abbott, and Susan Parker. "Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on IIA’s Exposure Draft of 2010 International Standards for the Professional Practice of Internal Auditing." Current Issues in Auditing 4, no. 2 (January 1, 2010): C1—C4. http://dx.doi.org/10.2308/ciia.2010.4.2.c1.
Full textAbstract:
SUMMARY: Recently, the Institute of Internal Auditor’s (IIA) Internal Audit Standards Board (IASB) conducted a comprehensive review of the International Standards for the Professional Practice of Internal Auditing (Standards). The IIA proposed changes to some of the Standards and also recommended new Standards. The IIA provided for a 90-day exposure period (from February 15, 2010, to May 14, 2010) for interested parties to examine and provide comments on the proposed changes and new Standards. The Auditing Standards Committee of the Auditing Section of the American Accounting Association provided the comments in the letter below to the IIA on the 2010 International Standards for the Professional Practice of Internal Auditing exposure draft.
26
Fakhfakh, Mondher. "The Comparability of Audit Reports Issued In the European Union: An Empirical Study Based On Separate and Consolidated Financial Data." International Journal of Accounting and Financial Reporting 2, no. 2 (December 31, 2012): 386. http://dx.doi.org/10.5296/ijafr.v2i2.3017.
Full textAbstract:
The purpose of this article is to analyse the degree of European harmonisation of audit reports. This analysis refers to the international auditing standards that have been formally adopted in Europe.In this article we analysed the wording of audit reports issued in the European union. This analysis is accompanied by tests that verify the assumptions of homogeneity and comparability of European reports. The interpretation of results is assisted by several statistical techniques including univariate and multivariate tests.The results show that the objective of the European harmonisation of audit reports is not fully realised. Despite the wealth of information in some reports, European auditors do not always conform to the International Standard on Auditing ISA 700.This paper includes an empirical analysis on the normative content of audit reports Europe. This analysis refers to international standards that support the performance of audit reports in Europe. In addition to information on the separate financial statements, this article considers, for the first time, the consolidated reports. The author discusses and tests the hypothesis of European harmonisation of audit reports.
27
Fakhfakh, Mondher. "The harmonization of audit reports of Islamic banks." Journal of Islamic Accounting and Business Research 8, no. 2 (April 10, 2017): 203–28. http://dx.doi.org/10.1108/jiabr-05-2014-0016.
Full textAbstract:
Purpose The purpose of this paper is to examine the level of harmonization of auditors’ reports issued by independent auditors of Islamic banks. Design/methodology/approach The homogenization of the auditors’ reports of Islamic banks has been statistically measured. Supranational auditing standards on auditors’ reports (ISA 700 and AAOIFI standard) are used as the control. Findings The results show lack of harmonization in several elements related to the form of the auditor’s report and in all elements related to the content of the auditor’s report among the Islamic banks. Originality/value This paper provides new empirical evidence about the measurement of harmonization in the form and content of the auditors’ reports of Islamic banks. It discusses the level of compliance with the elements enumerated by the standards issued by the International Federation of Accountants and the Accounting and Auditing Organization for Islamic Financial Institutions.
28
Дымова, И., and I. Dymova. "The Use of Internal Auditors Work in Accordance with the Requirements of the ISA." Auditor 5, no. 1 (January 31, 2019): 20–24. http://dx.doi.org/10.12737/article_5c419709c7ca72.90135602.
Full textAbstract:
The article presents the analysis of possible variants of application of the external auditors the results of the activities of the internal audit service from the perspective of the recommendations of the international standards on auditing. The issues of practice of Russian auditors to determine the degree of participation of internal auditors in their work are touched upon. The author's version of the test to assess the quality and objectivity of the internal audit service of the audited entity by external auditors is proposed.
29
Van Schaik, Frans. "Materialiteit bij de accountantscontrole van jaarrekeningen van overheden: principes of regels?" Maandblad Voor Accountancy en Bedrijfseconomie 83, no. 5 (May 1, 2009): 158–65. http://dx.doi.org/10.5117/mab.83.16924.
Full textAbstract:
De IAASB heeft de International Standard on Auditing (ISA) voor de bepaling van de materialiteit bij de accountantscontrole herzien. ISA 320 Materiality in Planning and Performing an Audit benadrukt nu, meer dan voorheen, dat een fout in de jaarrekening vanwege de aard van de fout materieel kan zijn, ook al is deze van geringe omvang. Het commentaar uit de publieke sector op ontwerpen van de standaard heeft de IAASB voor een dilemma gesteld: kiezen tussen het volgen van de door haar nagestreefde principles based benadering en het geven van specifi eke voorschriften voor controles bij overheden, waar de commentatoren om hebben gevraagd. In dit artikel ga ik na hoe de IAASB erin is geslaagd overheidsspecifi eke elementen op te nemen in een principles based standaard.
30
Mahsun, Mohamad, Nafsiah Mohamed, Sharifah Norzehan Syed Yusuf, and Indrawati Yuhertiana. "Investigating Fraud Risks Assessment Practices in Public Sector Audits." Asia-Pacific Management Accounting Journal 16, no. 1 (April 30, 2021): 183–205. http://dx.doi.org/10.24191/apmaj.v16i1-08.
Full textAbstract:
Fraud Risk Assessment (FRA) is claimed to be an important activity at the audit planning stage in both the private and public sectors. In fact, because of the importance of FRA activities, Auditing Standards (SAS 99, ISA 240, ISSAI 1240) have required auditors to carry out FRAs at the audit planning stage. FRA is considered as the core activity of financial audit planning because of the impact of fraud on the sustainability of an entity, quality of life, and economic growth. This study aimed to determine the practice of FRA in public sector audits and to find out more about the obstacles faced by auditors during the audit process and to find out the causes of these obstacles by considering the approach to the Audit Standards used. This study found that auditors’ performance can be determined based on their complete compliance with audit standards. We have encountered a serious problem that requires firm action from the government or a competent official, namely the auditor’s willingness in preparing the Fraud Risk Assessment Matrix. In addition, we recommend the Audit Standards Board to adopt international public sector auditing standards and disseminate them through training for auditors, students, and professionals. Keywords: fraud risk assessment, public sector audit, auditor competency
31
Hegazy, Mohamed, and Marwa Farghaly. "External and internal auditors’ perceptions on compliance with internal audit standards and practices: Spirit versus letters?" Corporate Ownership and Control 18, no. 3 (2021): 31–45. http://dx.doi.org/10.22495/cocv18i3art3.
Full textAbstract:
This paper investigates differences between the external auditors’ (EA) and the internal auditors’ (IA) perceptions of the degree of usage and compliance with the Institute of Internal Auditors (IIA) International Standards for the Professional Practices of Internal Auditing (Standards) by internal audit departments. The research uses survey-based questionnaires sent to IAs and EAs of the listed firms registered in an emerging market and included interviews with individuals involved in the internal auditing function (IAF) and EAs. The survey analyzes issues relating to IAF compliance with IIA standards summarized in the Common Body of Knowledge Database (CBOK). Social identity and stakeholders’ theories are used to explain the development of the research hypotheses in relation to IAF. The research indicates that the rates of conformance for the selected individual standards vary significantly among respondents. The findings provide evidence that there are low levels of interactions between IAs and EAs in emerging markets. This study is considered among the first that surveys the status of the use of the professional IIA standards in listed firms in an emerging economy. It also investigates the importance of ensuring that the “spirit” of the IIA standards is adhered to rather than the mere compliance with their “letters”. The paper emphasizes the gap still existing in practice between IAs and EAs in relation to their interactions, communication, and cooperation to enhance the quality of the IAF activities and related financial reporting. The research study relied on a sample of companies to investigate the level of compliance with IIAs standards and selected a limited number of the IIA standards for usage and compliance assessments.
32
TUBA DERYA BASKAN. "ANALYZING THE GOING CONCERN UNCERTAINTY DURING THE PERIOD OF COVID-19 PANDEMIC IN TERMS OF INDEPENDENT AUDITOR'S REPORTS." ISPEC International Journal of Social Sciences & Humanities 4, no. 2 (May 13, 2020): 28–42. http://dx.doi.org/10.46291/ispecijsshvol4iss2pp28-42.
Full textAbstract:
It is thought that the Covid-19 pandemic, of which effects on the world and our country are estimated to be seen more in time, will have economic and social effects on the countries, entities and people. The aim of this research is to mention the significance of the going concern and how to reflect the problems that are arisen by the Covid-19 pandemic and that may occur within the going concern, and to identify the differences caused by this situation among the auditor’s reports in general. In the study, International Standard on Auditing (ISA)-570 Going Concern was generally examined and the required method to reflect it to auditor’s report of entities during the states of emergency was analyzed. Since the time passed over the Covid-19 pandemic is not enough to make a financial analysis, the evaluation was conducted within the frame of ISA-570 and according to the reached results, it was determined that its effect on the going concern assumption should be included in the reports and detailed disclosures should be made in order to provide reasonable assurance to the information users. On the other hand, it was mentioned that how the effects of the Covid-19 pandemic may be included in the auditor's reports in our country within the scope of International Standard on Auditing (ISA)-570 Going Concern. It was inferred that observations may be performed on its effect on the auditor's reports of entities by making comparisons in the upcoming period.
33
Selishchev, S. V. "Audit Evidence Supporting Going Concern of a Company." Statistics of Ukraine 82, no. 3 (September 4, 2018): 78–82. http://dx.doi.org/10.31767/su.3(82)2018.03.09.
Full textAbstract:
The information base providing the audit evidence of going concern of a company is studied. The requirements on the quantity and quality of the audit evidence to be obtained by the audit of financial statements are determined. Particular attention is paid to the procedural provision for the assessment of the risk of company termination in the foreseeable future. In view of the current auditing practice, auditors demand the extension and adaptation of the going concern when preparing financial statements by management personnel, provisions and recommendations of the respective standard for solving problems related with the methodology for testing the validity of the abovementioned assumptions. The article’s objective is to study, systematize and implement provisions of International Standards on Auditing (ISA) and general theoretical organization and methodical approaches to obtaining audit evidence of the going concern of a company.
According to ISA, the auditor’s purpose is to develop and fulfill the audit procedures in a manner allowing him to obtain the audit evidence that is sufficient and appropriate for formulating justified conclusions laying the ground for the auditor’s opinion.
A literature review shows that the modern theoretical and methodological framework of audit does not offer methodological tools for the effective assessment of the economic performance of a company for purposes of defining the termination risks. A study of the issue of testing the validity of the application of the going concern when preparing financial statements shows that the auditors are required to be competent in indicative economic parameters and items of financial statements, reflecting, first and foremost, the economic capabilities and economic performance of a company.
The study of the application of the procedural provision recommended by ISA for identification and assessment of indicative performance parameters of a company is used to develop a combination of audit procedures and methods for evaluating the results of their implementation, which allows for the reliable assessment of the risk of the company’s termination in the foreseeable future.
34
Shbeilat, Mohammad K. "International Standard on Auditing No. 260 and Audit Quality: Evidence from Jordan." International Business Research 12, no. 4 (March 13, 2019): 61. http://dx.doi.org/10.5539/ibr.v12n4p61.
Full textAbstract:
This study aims to explore the extent of external auditors awareness of the requirements of the International Standard on Auditing No. 260 (Communications with those charged with governance) on audit quality and to shed light on the effectiveness of the communication process based on auditors actual experience. A mixed method approach was employed to achieve the study objectives. The analysis of 116 questionnaires concluded that the requirements of the ISA 260 enhance audit quality, but the two-way communication between Jordanian auditors and the audit committee is ineffective from external auditor’s perception. The study also found that audit committees do not support external auditor when disagreements arise between auditors and their client management on accounting treatments. The qualitative interviews confirmed the quantitative results and revealed several explanations among which: 1) lack of qualified directors, 2) lack of a clear policy in selecting board members, 3) meetings with auditors are routinely held, and 4) insufficient oversight by the securities commission. The interviews also revealed that the recent version of Jordanian corporate governance has two potential factors have been viewed to improve the effectiveness of the communication process that are, the appointment of a ‘governance liaison officer’ who, among other responsibilities, supervise and document audit committee meetings with the auditor, and the use of cumulative voting technique in selecting board members. The findings of the study could be beneficial for regulators by ensuring the best implementation of cumulative voting to increase the representation of qualified members so that the communication process will be greatly enhanced.
35
Bondar, V. P. "Working Documents of an Auditor and the Quality Control of Financial Reporting Made up on Foreign Investor’s Demand." Statistics of Ukraine 80, no. 1 (July 25, 2018): 68–76. http://dx.doi.org/10.31767/su.1(80).2018.01.09.
Full textAbstract:
Specifics of using the working documents of an auditor when auditing the financial reporting made up on external user (foreign investor) demand are highlighted. It is demonstrated by statistical data that the foreign investment in Ukraine has been growing. It follows that investors need to have confidence that the financial information used by them for making decisions on the allocation of capital is authentic and reliable, which means that a foreign investor needs high quality audit. The abovementioned increases the responsibility of an auditor for the quality of audit conclusions made by the audit results. The commonly accepted quality criterion of audit is the requirements of the International Standards on Auditing (ISA) 2015, adopted in Ukraine as national ones. As ISA do not offer specific examples regarding the format of the auditor’s working documents, a practical example is taken to demonstrate the method for quality assurance of an auditor task using check lists (working documents) in the auditing practice. An example of check list and list to the company’s administrative personnel (the customer’s administration) on the audit results is shown. The list to the customer’s administration consists of the two parts: the address to administration and the section “Report on essential comments and defects identified in the process of audit”. This section reveals the auditor’s observations on the internal control and accounting system. An example of working document “cross control”, which is used in forming the auditor’s opinion and ensures the comparability of data obtained by an auditor, is given. Being the basis for forming the auditor’s opinion, the working documents of an auditor, once unified, will reduce the labor intensity of audit procedures. It is demonstrated that the standardized working documents allow for higher quality of audit and foreign investor’s confidence.
36
Kulish, A. M., and Y. M. Ragulina. "INTERNATIONAL STANDARDS OF STATE FINANCIAL CONTROL." Legal horizons, no. 18 (2019): 123–27. http://dx.doi.org/10.21272/legalhorizons.2019.i18.p123.
Full textAbstract:
In this work, the authors have examined the concept of “standards” and “standardization” relating to public finance and public financial control. It was recognized that national financial systems activities should be based on generally accepted international standards in order to enhance professionalism and efficiency. Attention was paid to the peculiarities of national standards of the United States of America and European Union countries, in particular the United Kingdom of Great Britain, Lithuania, Georgia. As part of the analysis of the Association Agreement on Public Internal Financial Control, it was determined that cooperation between Ukraine and the European Union, the European Atomic Energy Community, and their Member States takes place through harmonization with the following international standards: the Institute of Internal Auditors (EA IIA), The International Federation of Accountants (IFAC) and International Organisation of Supreme Audit Institutions (INTOSAI). Much attention was paid to the concept of public internal financial control developed by the European Commission to provide a viable model capable of assisting national governments in revising internal controls in the field of finance and modernizing them in accordance with international standards and best practice in countries- members of the European Union. The scope of the aforementioned concept, its essence, its main elements, and features was determined. The standards of the international organization INTOSAI were analyzed, containing the guiding principles of the audit activity, the peculiarities of their implementation and direction; the activities of the International Professional Association of Internal Auditors EC IIA (European Confederation of Institutes of Internal Auditing); standards developed by the International Federation of Accountants (IFAC); the activities of the Committee of Sponsoring Organizations of the Treadway Commission COSO. In addition, the article identified the essential elements of an efficient and effective internal financial control system. Keywords: standardization, state financial control, international standards.
37
Cristea, Lavinia Mihaela. "Romanian Auditors’ Perception Concerning the IT Impact in the Big Data Era." Pénzügyi Szemle = Public Finance Quarterly 66, Special edition 2021/1 (2021): 68–82. http://dx.doi.org/10.35551/pfq_2021_s_1_4.
Full textAbstract:
Like any business process, auditing is a process that can be perfected, technology complementing a set of advanced data processing skills and techniques. The objective of this paper is to research the way how Romanian auditors work and perceive the impact of IT on audit missions. The results of the conducted survey, based on 102 responses, highlight a series of working tools (Data Analytics, Microsoft Excel, Data Automation) which, through the analysis of the Big Data phenomenon, facilitate the audit process. Regarding the software category, Ciel Audit and Revision, Gaudit, CaseWare are among the most frequently used, auditors considering ready to work with emerging technologies. Continuous professional training is ensured by participation in professional training courses, along with severe documentation about new technologies. In Romania, the current level of performing audits based on new technologies is average, for the future a higher level and a higher forecasting and analysis capacity are expected. The auditing profession will be perfected more and more, the current tasks will be gradually replaced by the new technologies, auditors becoming more appreciated by the external environment. Professional skepticism remains the basic quality of the auditor, along with the understanding of the competitive environment. Uncertainty characterizes the amendment of the International Standards on Auditing (ISA). This paper contributes to the literature by bringing to the fore the current technological context for the audit profession, namely the impact perceived by auditors during the fourth industrial revolution.
38
Chen, Shimin, Zheng Sun, and Yuetang Wang. "Evidence from China on Whether Harmonized Accounting Standards Harmonize Accounting Practices." Accounting Horizons 16, no. 3 (September 1, 2002): 183–97. http://dx.doi.org/10.2308/acch.2002.16.3.183.
Full textAbstract:
While international harmonization of accounting is gaining momentum in recent years, there is little empirical evidence on whether the harmonization of accounting standards leads to harmonized accounting practices and comparable financial reports. Benefiting from a unique research opportunity in China, this study provides such evidence. Since January 1, 1998, a newly promulgated Accounting Regulation for Listed Companies is in effect. This new regulation is the most comprehensive effort at harmonizing Chinese generally accepted accounting standards (GAAP) with International Accounting Standards (IAS). Based on a sample of listed companies required to reconcile accounting earnings from Chinese GAAP to IAS, we find no evidence that the Chinese government's efforts eliminated or significantly reduced the gap between Chinese and IAS earnings despite harmonized accounting standards. We explore reasons for the continued earnings gap after the 1998 regulation and find that a lack of adequate supporting infrastructure, manifested in excessive earnings management and low quality auditing, may explain the gap.
39
Anderson, Urton L., Margaret H. Christ, and Diane J. Janvrin. "Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on The Institute of Internal Auditors' Proposed Enhancements to the International Professional Practices Framework (IPPF)." Current Issues in Auditing 9, no. 1 (March 1, 2015): C23—C33. http://dx.doi.org/10.2308/ciia-51119.
Full textAbstract:
SUMMARY According to the IIA, “The International Professional Practices Framework (IPPF) is the conceptual framework that organizes authoritative guidance promulgated by The Institute of Internal Auditors.” The IPPF includes overarching principles and standards of internal audit practice (e.g., the definition of internal audit, the code of ethics, the standards), as well as detailed guidance for carrying out specific activities (e.g., practice advisories). The IPPF is currently organized to differentiate between mandatory guidance and strongly recommended guidance for internal auditors as they carry out the responsibilities of the profession. On August 4, 2014 the Institute of Internal Auditors (IIA) solicited public comments on its proposed enhancements to the International Professional Practices Framework (IPPF). This “relook” is intended to modify the existing structure of the IPPF so that it (1) “benefits IIA members, the internal audit profession as a whole, and its stakeholders,” and (2) strengthens “the IPPF's ongoing relevance for the foreseeable future.” The comment period ended November 3, 2014.
40
., Fitriani. "The Differences Of Ijarah Financing and Conventional Lease On Islamic Law and Accounting Perspectives." IQTISHADUNA 8, no. 2 (December 1, 2018): 139–48. http://dx.doi.org/10.20414/iqtishaduna.v8i2.689.
Full textAbstract:
The main objective of this study is to explore the nature of accounting for Ijarahfinancing and its differences with conventional lease financing from the Islamic law and accounting perspectives.The study makes a comparison between the International Accounting Standard on leasing (IAS 17); the accounting standard for Ijarah (FAS 8) as developed by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI); and Statement of Financial Accounting Standards (Pernyataan Standar Akuntansi Keuangan/PSAK 107). The study found that there are major differences as to the nature of leasing and Ijarah, and as a result accounting principles that have driven all the three standards as well as accounting techniques developed for leasing and Ijarah are significantly different.
41
Kozmenkova, S. V., and V. I. Tsyganov. "Financial statement audit: An investigation into laws and regulations." International Accounting 23, no. 4 (April 15, 2020): 141–427. http://dx.doi.org/10.24891/ia.23.4.414.
Full textAbstract:
Subject. This article deals with the matters related to the audit of financial statements. Objectives. The article aims to analyze the procedure for the study of financial and economic transactions in order to ensure compliance with legal documents regulating accounting and financial reporting. Methods. For the study, we used a comparative analysis, systematization, induction and deduction. Results. The article clarifies the objectives of financial statement audit, including verification of compliance of financial and economic transactions with the relevant regulations of the Russian Federation, as well as procedures for planning and documenting audit of financial statements based on the requirements of the International Standard on Auditing 250 (ISA 250) (revised). It also identifies problematic issues in the content of ISA 250 and formulates certain proposals to clarify it. Conclusions and Relevance. The article concludes that both the global and Russian audit practices require a thorough review of compliance of activities and financial reporting with the regulations in order to achieve the audit goal. The results presented can be applied in both audit theory and practice.
42
Al-Jabali, Mah’d. "The Possibility of Application of the Audit Standard 1010 and the Relevant Standards and Guidelines about Its Application in Jordan." International Journal of Economics and Finance 8, no. 6 (May 24, 2016): 282. http://dx.doi.org/10.5539/ijef.v8n6p282.
Full textAbstract:
<p>There wasn’t previously interested in environmental issues as in these days, the reason of what companies fouling , and affiliated factories of remnants contribute significantly to the question of environmental chaos, and these remnants through a black mass overshadowed on the three levels of life, the core of the earth and what is owned of water as strategically store, the surface of the earth and all the creatures in addition to the human, the atmosphere which is the surface of our cosmic village, as a result of this situation the problem is exacerbated, and take a new dimension, and stages, it has become necessary that the global actors stand in front of this persist on our planet.</p><p>The Standard ISA 1010 came in order to be one of the most important methods that are working to reduce some cases, stop this going too far on the environmental by companies and its affiliates factories.</p><p>Where this standard checksum working together to raise the auditors, and opened the way for them, to understand the size and the large responsibility placed on their shoulders towards environmental issues and matters relating to health problems associated with them.</p>International Standard on Auditing in 1010 is not binding law, and not a system necessary to apply sharply and tough. But it is a bout bell ringing continuously in ear, heart and mind, the owner of origin, the factory Manager, administrators and auditors, that environmental damage is a collective responsibility, must commit with because when you bounce the side effects of the abuse of environmental issues we are the first to suffer them.
43
PANTELEIEV, V. P. "The Framework for Audits of the Financial Statements of the Group of Enterprises by ISA 600 Requirements." Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, no. 3 (November 1, 2019): 54–66. http://dx.doi.org/10.31767/nasoa.3.2019.05.
Full textAbstract:
Compliance with relevant regulations is the basis of the professional activities of auditors. Users of financial statements require the auditor to conduct quality audit. The auditor’s opinion on the reliability of the financial statements of the group is based on the application of appropriate audit approaches, based both on audit practice and audit standards, and insist on compliance with recognized audit requirements.
The aim of the article is to highlight the content of the main rules for an independent auditor to audit the financial statements of a group using the requirements of the modern regulatory framework, in particular International Standard of Auditing (ISA) 600.
The essence of the main rules of an independent auditor conducting an audit of a group’s financial statements using the requirements of the modern regulatory framework, in particular ISA 600, is disclosed. The need for regulation of an audit of a group’s consolidated financial statements is formulated, the content and important provisions of the requirements of a professional standard ISA 600 “Special Considerations – Audits of group financial statements (including the work of component auditors)”. Interpretation of the requirements of ISA 600 for acceptance and continuation of the assignment, the role of the auditor’s assessment of distortions during the audit, audit activities to prevent, detect and combat fraud in the group, the obligation to use the component of the level of distortion by the auditor is given. The author’s vision of the special provisions of the audits of the financial statements of the group is indicated, the sequence of advancing audit procedures in the implementation of the special provisions of the audits, including the work of the component auditors, and the directions for further research are shown.
Conclusions. The responsibility of the auditor and the component auditor is envisaged, and atypical relevant measures are required in response to challenges; the auditor deals with complex structures, the information of the component auditors must be taken into account. ISA 600 is connected with other audit standards, it regulates a number of requirements with the aim of conducting a quality audit of the group financial statements: from the responsibility of the auditor, accepting and continuing the assignment, developing a general audit strategy and plan, understanding of the component auditor, communicating information to the group’s management personnel and those who endowed with high authority at the group level, etc. documentation. The peremptory question of ISA 600 is determining whether he should act as an auditor of the group financial statements, that is, reasonably refuse or accept the assignment; and if accepted and continued, the task if he acts as an auditor of the group financial statements: communication of clear information to the component auditors on the volume and time of their work with financial information relating to the components and the actual results obtained by them; obtaining sufficient audit evidence in sufficient amounts on the financial information of the components and the consolidation process to express an opinion that the group’s financial statements have been prepared in all material respects in accordance with the applicable financial reporting framework.
44
Van Batenburg, P. C., and Frans Van Schaik. "Allocatie van materialiteit." Maandblad Voor Accountancy en Bedrijfseconomie 78, no. 9 (September 1, 2004): 374–75. http://dx.doi.org/10.5117/mab.78.21816.
Full textAbstract:
In de accountantscontrole speelt de bepaling van de materialiteit een cruciale rol in het vinden van evenwicht tussen accountantscontrolerisico en controlekosten. Het professional judgment waarmee de accountant de materialiteit voor de jaarrekening als geheel bepaalt, wordt ondersteund door bekende vuistregels, veelal een percentage van winst, eigen vermogen of omzet. Deze materialiteit kan vervolgens op uiteenlopende manieren worden toegewezen aan jaarrekeningposten. In dit artikel gaan we in op de grote variëteit aan methoden voor de allocatie van materialiteit die in de praktijk worden toegepast met sterk verschillende uitkomsten voor de daaruit resulterende steekproefomvang. We concluderen dat deze grote verschillen tussen algemeen aanvaarde richtlijnen met betrekking tot de noodzakelijke hoeveelheid uit te voeren werkzaamheden bij controleopdrachten leidt tot onzekerheid bij accountants, die niet weten aan welke standaard ze moeten voldoen en bij de gebruikers van de jaarrekening, die niet weten met welke standaard de jaarrekening is gecontroleerd. De materialiteit en de allocatie daarvan is een actueel onderwerp: de IFAC-commissie IAASB werkt momenteel aan een nieuwe versie van de International Standard on Auditing (ISA) 320 Audit Materiality.
45
Segal, Milton. "ISA 701: Key Audit Matters - An exploration of the rationale and possible unintended consequences in a South African." Journal of Economic and Financial Sciences 10, no. 2 (November 6, 2017): 376–91. http://dx.doi.org/10.4102/jef.v10i2.22.
Full textAbstract:
The New International Standard of Auditing (ISA) statement number 701 titled key audit matters (KAM) has been reported as one of the most significant changes to the audit profession and the manner in which audit reports are to be delivered. Effective from 15 December 2016, auditors for Johannesburg Stock Exchange (JSE) -listed companies will need to disclose key and significant transactions that occurred on the audit, even in the event of an unmodified audit opinion. The legislators describe this as increasing transparency and accountability to enhance the fairness of reporting and to assist the stakeholders with understanding the audited annual financial statements. This paper uses a detailed content analysis of prior academic and professional audit literature to explore possible unintended consequences, uncertainties and risks of the KAM. These include disclosure of potential confidential information and potentially increased auditor
46
ENDOVITSKII, Dmitrii A., and Yuliya I. BAKHTURINA. "Revisiting the organization of internal financial control and audit at universities." International Accounting 22, no. 6 (June 15, 2021): 608–23. http://dx.doi.org/10.24891/ia.24.6.608.
Full textAbstract:
Subject. This article explores the organizational aspects of control activities of universities. Objectives. The article aims to clarify some individual organizational provisions of internal financial control and audit of universities on the basis of a critical assessment of the positions of domestic and foreign researchers, analysis of the current practices of federal institutions of higher education, and the results of the control activities of their founders. Methods. For the study, we used the methods of analysis, grouping, comparison, and generalization. Results. The article clarifies the objectives of the internal financial audit through including in its formulation a provision on the analysis of the quality of financial management of the institution according to the International Standard on Auditing (ISA) 315. It assesses the ways used by universities for internal financial controls and audits, and it analyzes their irregularities in the financial and economic activities. Conclusions. The article concludes that the concepts and organizational frameworks of internal financial control and internal financial audit have not been finalized. Control activities of universities need to be standardized, including the basis of common criteria for choosing the ways of organizing it. The methods used to organize internal financial control and auditing at universities do not comply with the principle of independence.
47
ALfrijat, Yaser Saleh. "Compliance with Continuing Professional Development (IES7) of Internal Auditor and Quality of Internal Audit Function." Accounting and Finance Research 9, no. 1 (January 6, 2020): 28. http://dx.doi.org/10.5430/afr.v9n1p28.
Full textAbstract:
This paper aims to highlight the importance of compliance with continuing professional development (CPD) of internal auditors and its relationship to the quality of internal audit. The study utilised a Partial Least Squares Structural Equation Modelling (PLS-SEM), which emphasise on the analyses of regression and variance by distributing a questionnaire to the study sample of internal auditors in four countries (Jordan, Lebanon, Qatar and Kuwait), and the number of samples valid for statistical analysis reached 104. The paper has reached positive results regarding the importance of CPD in improving the quality of the internal audit, focused on the continuous follow-up to changes related to income and sales tax law, international financial reporting standards (IFRS), International Accounting Standards (IAS), and International Auditing Standards (IAS). Besides, modern Computer and Technological Applications in Internal audit practices and audit ethics. The results also indicated that CPD represents in professional skills is the development of skills to detect and combat theft and fraud, critical thinking skills of analyzed data. Original/Value, the CPD is the impulse by which internal auditors continue to learn new technical knowledge and skills that support them in professional work, to make them more qualified and developed in terms of knowledge and the skills needed within the labour markets.
48
Клычова, Гузалия, Guzaliya Klychova, Алсу Закирова, Alsu Zakirova, Валерия Кириллова, and Valeriya Kirillova. "BASIC PRINCIPLES OF PERSONNEL AUDIT PLANNING." Vestnik of Kazan State Agrarian University 14, no. 2 (July 29, 2019): 132–38. http://dx.doi.org/10.12737/article_5d3e1733a32e65.64370462.
Full textAbstract:
The efficiency of the activities of enterprises oriented towards innovation development has a significant impact on human resources, management, development, and assessment of which ensures competitiveness, strategic advantages and sustainable development of the agrarian sector of the economy. To achieve its goals, management of the organization should be focused on the rational use of not only financial and material, but also labor resources. At the same time, personnel management is one of the important areas of strategic development, since the level of knowledge, abilities and competencies of an employee of an enterprise in an innovative economy places increasingly high demands. Developing the mechanism and management system of personnel potential, it is necessary to ensure the social and economic development of the enterprise, while solving the following tasks: to form a management structure; develop, test and evaluate the most rational systems and forms of organization and remuneration. A special place in the system of this management takes personnel audit. At the same time planning is a key stage of personnel audit. The audit plan in accordance with the requirements of ISA 300 “Planning the audit of financial statements” includes the following sections: understanding of business, understanding of the environment and internal control, description of risk and materiality, description of the nature, timing and scope of procedures. The article discloses a personnel audit planning mechanism in accordance with international auditing standards, examines the basic principles of personnel audit planning, discusses new requirements for the planning process, develops auditor’s working documents to improve the effectiveness of personnel auditing and coordinate audit procedures with the work of the audited entity. In particular, a personnel audit plan has been proposed, which includes the following sections: understanding of business, understanding of the environment and internal control, description of risk and materiality, and establishing the main areas of audit.
49
HOLOVACH, Volodymyr, and Tetiana HOLOVACH. "Criminological characteristics of fraud and its implications for the audit activity." Economics. Finances. Law, no. 3 (March 29, 2021): 5–10. http://dx.doi.org/10.37634/efp.2021.3.1.
Full textAbstract:
The paper discusses the requirements of International Standards on Auditing (ISA) for the identification and assessment of the distortions of financial statements based on the criminological characteristics of fraud. It is found that ISAs, in considering the management's misconduct by the auditor, propose to be guided by the fraud triangle, which is once developed by the American criminologist Donald Ray Cressy. He is known as researcher of white-collar crime from the standpoint of the theory of differential association. This theory is based on the fact that the individual perceives some values positively, and rejects others. As a result, inappropriate behavior is learned by interacting with other actors through communication. It is during communication the certain motives, which are the result of interpretation of the legislation regarding the determination of favorable or negative circumstances, are formed. Being guided by this approach, the representatives of the differential association theory during the study of misconduct focused on the methods, motives, attitudes, explanations of illegal encroachment, that justify the decisions, as well as the issues of rationalization and improvement of illegal activity. They also noted that differential associations may differ in frequency, duration, priority, and intensity. It is established that such fraud assessment is widely used by foreign experts and it received some attention from domestic scientists and practitioners. Instead, its knowledge by auditors is at initial level and doesn't allow to analyze effectively the various fraud risks. In this regard, the need for in-depth study of the fraud's criminological characteristics in the real conditions of economic development of Ukraine is justified. The attention is paid on the significant spread of fraud in Ukraine and the negative impact of such criminal offenses on auditing. The suggestions for improvement of the financial statements audits with taking into account the criminological analysis of misconduct of management staff are made.
50
Westhausen, Hans-Ulrich. "The escalating relevance of internal auditing as anti-fraud control." Journal of Financial Crime 24, no. 2 (May 2, 2017): 322–28. http://dx.doi.org/10.1108/jfc-06-2016-0041.
Full textAbstract:
Purpose The purpose of this paper is to discuss critical success factors for the enormous development that internal auditing (IA) as “third line of defense” (IIA, 2016) and one of the strongest anti-fraud controls has reached within the past decades. Additionally, weaknesses of IA are identified and evaluated to allow further improvement. Design/methodology/approach The anti-fraud requirements stipulated in the “International Standards for the Professional Practice of Internal Auditing” are confronted with empirical data about the current situation of the IA as anti-fraud control. The empirical data were extracted from global sources such as “Fraud Reports” (Association of Certified Fraud Examiners – ACFE) and “common body of knowledge (CBOK)” studies. The Institute of Internal Auditors (IIA). Findings Over the years, IA has been continuously increasing its auditing quality and effectiveness with new analytical methods, specialized software tools and professional certifications. But all these efforts have hardly been reflected in statistical or research data, especially not in the listing of the top sources of fraud detection. The “ACFE-Fraud Report 2016” revealed that IA is now – for the first time ever – second among the initial detections of occupational frauds (financial statement fraud, corruption and asset misappropriation) worldwide. This positive trend of global anti-fraud auditing was probably no “one-hit wonder”, but a result of a lengthy process of professionalization of IA. Originality/value It is hoped that this paper will facilitate the discussion about the value that IA can add within an anti-fraud management system.