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Journal articles on the topic 'Legal audit'
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1
Irawan, Denny. "SAMPLING AUDIT OF THE TAX AUDIT IN INDONESIA." Scientium Law Review (SLR) 1, no. 2 (December 30, 2022): 13–21. http://dx.doi.org/10.56282/slr.v1i2.148.
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The problems of low Audit Coverage Ratio (ACR) and Additional Underpaid Tax Assessment Letters (SKPKBT), tax audit period, and tax determination expiration considerations indicate that this phenomenon is necessary to produce an ideal (legal) concept related to audit sampling in tax audits for Indonesia. Based on the normative juridical method, it was concluded that there is a need for legal certainty related to audit sampling based on the constitutional order in connection with the fulfillment of tax law requirements as a lex specialist derogat lex generalist. The absence of audit sampling provisions in tax audits is based on the absence of statutory regulations binding on taxpayers, tax authorities, and certain third parties. In fact, there is always uncertainty in tax audits, there is a need for sufficient legal evidence in tax audits, there is a need to consider efficiency and economic benefits in carrying out tax audits, there is a need to use the means of professional judgment of tax examiners, and a reasonable basis is needed to conclude the characteristics of a population in a tax audit.
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Maryani, Neni, and Usman Sastradipraja. "Peranan Audit Investigatif dalam menjadikan Bukti Audit sebagai Bukti Hukum untuk Pembuktian Tindak Pidana Korupsi." Portofolio: Jurnal Ekonomi, Bisnis, Manajemen, dan Akuntansi 17, no. 2 (January 29, 2022): 1–32. http://dx.doi.org/10.54783/portofolio.v17i2.199.
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This study aims to determine the implementation of investigative audits, how the procedures for collecting audit evidence and its development into legal evidence related to proof of Corruption Crimes, and how the role of investigative audits in making audit evidence as legal evidence to prove Corruption Crimes by the Financial and Development Supervisory Agency (BPKP) Center. Investigative audit includes the review of financial documentation for specific purposes related to litigation and criminal matters, where the practice is prioritized in two areas of activity, namely looking for evidence of criminal acts and causes or supporters of losses. Proof in an audit perspective and evidence in law is different.
But, based on Law no. 8 of 1981, from now on referred to as KUHAP, audit evidence can be developed into legal evidence. Can obtain instructional evidence from the Audit Working Paper, documentary evidence from the Investigative Audit Result Report, can get expert evidence from the investigative auditor's statement, and the Investigative Audit Result Report? The method used in this research is a case study. Based on the research results from the discussion, it can be concluded that the implementation of investigative audits plays a role in making audit evidence legal evidence for proving Corruption Crimes. The performance of an outstanding investigative audit will produce relevant, competent, and valid audit evidence, which in the end can be developed into legally valid evidence (based on the Criminal Procedure Code). Still, audit evidence is not the only evidence used in making decisions. Not all audit evidence can be used as legal evidence.
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Kadous, Kathryn. "The Effects of Audit Quality and Consequence Severity on Juror Evaluations of Auditor Responsibility for Plaintiff Losses." Accounting Review 75, no. 3 (July 1, 2000): 327–41. http://dx.doi.org/10.2308/accr.2000.75.3.327.
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This study investigates whether providing higher quality audits increases auditors' chances of avoiding legal liability. Negligence rules hold auditors responsible for plaintiff losses only when the quality of the audit provided fails to meet standards of care. The results of my experiment suggest that the ex post observed consequences of audit failure can affect the standards of care to which jurors hold auditors. Specifically, participants serving in the role of jurors assessed higher standards of care for auditors when the consequences of audit failure were more severe. Furthermore, when the consequences of audit failure were more severe, participants' evaluations of the auditor did not depend on the quality of the audit provided—auditors who provided higher quality audits were evaluated just as negatively as those who provided lower quality audits. In contrast, when audit failure led to only moderately negative consequences, auditors who provided higher quality audits received more favorable evaluations. These results suggest that providing higher quality audits will not necessarily protect auditors from legal liability when the consequences of audit failure are severe.
4
Mhlanga, David, and Kgabo Freddy Masehela. "Exploring the involvement of tax audit experts in the early stages of tax audits." International Journal of Research in Business and Social Science (2147- 4478) 12, no. 8 (December 11, 2023): 299–309. http://dx.doi.org/10.20525/ijrbs.v12i8.2477.
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Tax compliance and evasion pose significant challenges to tax authorities in South Africa and other countries. In recent times, corporate governance issues have increasingly involved tax compliance. This study focuses on unresolved audit issues with the South African Revenue Service (SARS), expensive litigation, and lengthy arbitration with the tax Ombudsman. These issues are complicated by legal elucidations, legislative components, and regulatory frameworks. The paper aims to clarify the purpose of a tax legal audit expert at SARS in the initial phases of an audit procedure. To answer this research question, a thorough mapping review using methodical, technique-based literature evaluation was conducted. The study found that the lack of skilled tax legal audit experts hampers the effectiveness and efficiency of tax audits. Therefore, tax authorities must invest in the skills of tax legal audit experts to improve audit outcomes.
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Putra, Angga Kiryaditama. "ANALYSIS OF BPK LEGAL BASIS FOR FORESIGHT AUDITORS FOR THE ACCELERATED ACHIEVEMENT OF THE SUSTAINABLE DEVELOPMENT GOALS." Jurnal Tata Kelola dan Akuntabilitas Keuangan Negara 6, no. 2 (December 28, 2020): 103–28. http://dx.doi.org/10.28986/jtaken.v6i2.383.
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Law Number 15 of 2004 and Law Number 15 of 2006 only lay down the authority of the BPK in conducting audits in general and the types of audits that can be conducted by BPK. These regulations, however, do not specifically and explicitly provide the authority to the conduct of a foresight audit. Foresight audit launched by BPK in the 2016-2020 BPK Strategic Plan will be very important in the achievement of sustainable development goals (SDGs) by 2030, given that the BPK will provide feedback and suggestions on important future policies to accelerate the achievement of SDGs. Legal instruments have an important role for BPK as the legal basis for the institution in achieving the Highest Maturity Model of the Accountability Organization in conducting a foresight audit. This study employs a normative legal research method that aims to explore and study regulations that support BPK as a foresight auditor in the future. The results illustrate that the legal basis or legal instruments for the exercise of BPK’s foresight audit authority is sufficient but still needs to be improved. The addition of legal instruments and authorities can be a solution to ensure that any foresight audit performed in the future can run optimally and accelerate the achievement of the SDGs.
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Huang, Henry, and H. Gin Chong. "Audit and legal implications of PCAOB’s inspections among BRIC." International Journal of Law and Management 58, no. 2 (March 14, 2016): 231–44. http://dx.doi.org/10.1108/ijlma-03-2015-0012.
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Purpose – This paper aims to analyze Public Companies Accounting Oversight Board (PCAOB) inspection reports on audit reports of those inspected accounting firms in Brazil, Russia, India and China (BRIC). In meeting the requirements of the Sarbanes-Oxley Act, the PCAOB conducts inspections on audit reports of firms listed on the New York Stock Exchange. Design/methodology/approach – The reports include those submitted by both the US audit parent firms and their secondary firms located outside the USA. In each PCAOB report, it unravels the nature of audit deficiencies. The focus is on Big Four because they play a dominant role in the marketplace and issuers’ market capitalization. All the seven-year deficiencies are documented since publications of the reports from 2004 to 2012. Findings – Of the 37 reports, 19 (51 per cent) were issued relating to audits conducted by the Big Four. Out of these 19 reports, 10 (53 per cent) contain inspection criticism. These include audit quality and common recurring audit deficiencies. Research limitations/implications – This paper is based solely on those inspection reports published by the PCAOB. Practical implications – The findings have significant implications to audit firms and the audit profession on improving audit quality, firms’ internal control and reports. Originality/value – No known prior research paper is available on the ramifications of the PCAOB’s inspection reports relating to BRIC.
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Englisch, Joachim, and Nevia Cicin-Šain. "DAC 7: An Entire New Framework for Joint Audits in the EU: How Do the Taxpayers Fare?" Intertax 50, Issue 1 (January 1, 2022): 7–27. http://dx.doi.org/10.54648/taxi2022002.
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Joint audits have the potential to facilitate tax collection and at the same time enhance tax certainty for taxpayers. However, the several European Union (EU) pilot projects initiated by certain Member States made it evident that a better regulatory framework was urgently needed. The EU legislator therefore used the opportunity of the sixth amendment of the Directive on administrative cooperation, known as DAC 7, to devise a new legal framework for joint audits. In this contribution the authors discuss this latest development. They analyse some key clarifications and novelties to be found in the new Article 12a DAC regarding joint audits. The article furthermore highlights the remaining open issues and inadequacies of the joint audit provisions in DAC 7, with a particular focus on taxpayer rights. Among the issues that are analysed in depth in this article are the initiation of joint audits at the taxpayer’s request, the possibility to conduct a joint audit without the taxpayer’s consent, and the legal instruments at the disposal of the taxpayer against the initiation of a joint audit or certain audit activities. Further issues concerning the applicable law, data protection standards as well as legal instruments against the findings ensuing from a joint audit are also part of the analysis. Joint audits, DAC 7, taxpayer rights, tax secrecy, data protection, final report.
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Kostiantyn, BEZVERKHYI, and PODDUBNA Nataliia. "E-audit in Ukraine: normative and legal regulation." Herald of Kyiv National University of Trade and Economics 147, no. 1 (February 23, 2023): 119–30. http://dx.doi.org/10.31617/1.2023(147)09.
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Introduction. Rapid digitalization, along with its positive impact, provokes considerable uncertainty, in particular at the highest legislative level. These changes will have an impact on all spheres of life, changing the usual structure of the economy, business and social systems as a whole. Problem. The author’s vision of the expected future in the development of e-audit at the legislative level of the country is presented, because without procedural regulation, normative consolidation, this type of activity will not have full and legitimate legitimacy. The development of e-audit in Ukraine is based on the best experience of progressive countries, taking into account the domestic specifics of management. The aim of the article is to highlight possible problems and ways to solve them at the regulatory and legal level, which will ensure the effecttive implementation and functioning of e-audit. Methods. General scientific and special methods of observation such as generalization, comparative, structural, systemic analysis, as well as modeling of business processes, and logical generalization of results were applied in the article. Results. The authors have offered their approach to optimal ways of legal regulation of e-audit in Ukraine. Conclusions. International experience shows that the use of a tax audit file is a modern world trend and the basis for conducting e-audits; therefore, the development of its own version of SAF-T is one of the first steps towards the implementation of an electronic audit system, which Ukraine has successfully introduced. However, it is no less important to develop a new legislative act that would specialize in this area, so we propose the adoption of the law "On electronic audit". The selection or development of the necessary software products and specialized software is also important. Despite some problems, the prospects for the development of e-audit in Ukraine are obvious.
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Ying, Die. "State Audit's Supervision, Guidance and Utilization of Internal Audit in China." Modern Economics & Management Forum 3, no. 2 (April 25, 2022): 115. http://dx.doi.org/10.32629/memf.v3i2.777.
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In the relevant regulations and practices of the use of internal audit by state audits, there are problems that the functional boundaries of audit institutions' supervision and guidance of internal audit are ambiguous, and the methods and degrees of internal audit use lack legal constraints. These problems will undermine the independence and objectivity of internal audit and affect the quality and authority of state audit. This article focuses on considerations for determining this boundary.
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Hasbullah, M. Afif. "The Position and Authority of the State Audit Board in the Indonesian Constitutional Structure." International Journal of Science and Society 1, no. 4 (December 24, 2019): 176–88. http://dx.doi.org/10.54783/ijsoc.v1i4.382.
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This study aims to analyze the position and authority of the Supreme Audit Agency's audit in the Indonesian state administration structure. The research method used is the juridical-normative concept. This research uses statutory law materials and legal journals that have the subject of State Finance Law. This research was also conducted by analyzing the primary legal material, namely by examining theories, concepts, legal principles and legislation related to State Finance Law. Based on the study and analysis of legal sources, it can be concluded that the position of the Supreme Audit Agency of the Republic of Indonesia in the state administration system is a state institution whose authority is granted by the 1945 Constitution of the Republic of Indonesia (constitutionally entrusted power) so that it can be called the main state organ or the primary state agency. The State Audit Board has the authority to carry out audits of state and regional financial management as mandated in Article 23E of the 1945 Constitution of the Republic of Indonesia and Law Number 15 of 2006 concerning the State Audit Board.
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Oleh Serniak, Natalia Kalynchuk, Oleh Serniak, Natalia Kalynchuk. "TO THE PROBLEM OF INSTITUTIONAL AUDIT OF PUBLIC AUTHORITIES IN UKRAINE." Socio World-Social Research & Behavioral Sciences 08, no. 02 (October 31, 2022): 66–73. http://dx.doi.org/10.36962/swd08022022-66.
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The purpose of the article is to justify the need to introduce an institutional audit of public authorities in Ukraine as one of the responses to modern challenges in the system of public management and administration. In the research there were used methods of a systematic approach to studying the concept of institutional audit, as well as methods of analysis, generalization, systematization, and forecasting to describe the components of the institutional audit’s ecosystem. Іnstitutional audit is singled out from among other types of audits; the need to increase the institutional capacity of public authorities in Ukraine is justified; the components of institutional audit are considered; communication ability is researched as an important component of the object of institutional audit in the modern realities of Ukraine; the advantages of involving the public in the procedure of institutional audit in Ukraine are considered. It has been established that in the modern realities of Ukraine, institutional audit doesn’t have sufficient methodological and legal support, and what is available is scattered among various laws, regulations and even types of audits. The need to systematize the legal foundations of institutional audit and to strengthen the theoretical and methodological basis of its conduct is proven. Keywords: institutional audit, institutional capacity, organization, effectiveness, efficiency, communication, public authorities.
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Naresh Karukutla, Sreedhar Reddy Surasani, V K V S Naga Kalyan, and Saranya Hanumanthu. "An Analytical Study on Medicolegal Cases at a Tertiary Care Hospital." Medico Legal Update 24, no. 1 (February 14, 2024): 54–56. http://dx.doi.org/10.37506/zddc7m16.
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Introduction: Medico-legal audits are an integral part of hospital/clinical audits and involve examination of the hospital records. The clinical audits aim towards improvement of quality of care and hence are limited to the scrutiny of patient’s clinical records. On the other hand, a medico-legal audit aims at the prevention of foreseeable litigations on the hospital and includes the perusal of all the hospital records. Aim: To perform a Medicolegal records audit at a tertiary care hospital Results: Road traffic accidents are the major Medicolegal cases(65%) arriving to the emergency department. Males are more involved in the Medicolegal incidents than females. Conclusion: The medico-legal auditing helps in the necessary changes to be put forth for the better functioning of the hospital.
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Zhmudinskyi, V. "TAX AUDIT PREVENTION: LEGAL CONSEQUENCES." National Technical University of Ukraine Journal. Political science. Sociology. Law, no. 1(57) (May 31, 2023): 190–96. http://dx.doi.org/10.20535/2308-5053.2023.1(57).280828.
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This article deals with the study into special aspects of legal consequences for taxpayers in case of preventing the controlling body officials from conducting a tax audit. It has been proven that the controlling body must have legal grounds for conducting an unscheduled taxpayer audit, which grounds are listed in the Tax Code of Ukraine. It is well-reasoned that if the tax authority has no legal grounds for conducting an audit or issuing an order to conduct an audit in violation of the requirements, the taxpayer shall have the right to prevent the controlling body officials from conducting a desk audit. At the same time, in addition to being prevented from conducting a tax audit, such a taxpayer has to file a claim with the court to cancel the audit order. At the same time, it was established that preventing the auditors from audit would result in appropriate response measures taken by the tax authority, such as administrative seizure of property and/or applying to the administrative court with a claim for seizure of funds on the accounts of such a taxpayer. It is noted that in the event of applying the administrative seizure of property, the controlling body has to file a statement with the court confirming the validity of the above administrative seizure; however, taking into account the fact that the business entity appealed the audit order, the courts mostly make decisions in favour of taxpayers for reason that there is a legal dispute between the controlling body and the taxpayer. The issue of law excludes the possibility of a court ruling on seizure of funds on the accounts of such a taxpayer. It is substantiated that the administrative seizure of property and the seizure of funds in accounts are ways of ensuring the fulfilment of tax obligations.
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Ткаченко, D. Tkachenko, Кожухов, and V. Kozhukhov. "Legal framework of contracting audit." Auditor 1, no. 3 (March 25, 2015): 79–84. http://dx.doi.org/10.12737/12771.
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One of the most important innovations in the field of public procurement system control and auditing is the concept of a contracting audit. Contracting audit is
a sequence of procedures and actions aimed at confirming the validity, accuracy and legality of a state contract, verifying its execution and evaluation of its outcomes.
This article examines the legal framework for contracting audit.
15
Ospanovich, Jiyenbayev Bakhadir. "ISSUES OF CONSTITUTIONAL AND LEGAL REGULATION OF ECOLOGICAL AUDIT: NATIONAL AND FOREIGN EXPERIENCE." American Journal of Political Science Law and Criminology 6, no. 1 (January 1, 2024): 55–59. http://dx.doi.org/10.37547/tajpslc/volume06issue01-11.
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In this article, the importance of legal provision of environmental audit in the Republic of Uzbekistan at the present time, the issues of legal regulation of environmental audit, the difference between the concepts of audit and environmental audit, the opinions expressed by scientists on this issue, the experiences of national and foreign countries in the legal regulation of environmental audit, as well as this Proposals regarding the issue are presented.
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Barakaev, L. O. "AN AUDIT AS A LEGAL METHOD OF COLLECTING EVIDENCE DESCRIPTION AND TASKS." American Journal of Political Science Law and Criminology 5, no. 9 (September 1, 2023): 60–64. http://dx.doi.org/10.37547/tajpslc/volume05issue09-09.
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This scientific article examines the concept of audit examination, the goals and objectives of audit examination, the differences and similarities between audit examination and departmental audit examinations and other audit examinations.
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Venkataraman, Ramgopal, Joseph P. Weber, and Michael Willenborg. "Litigation Risk, Audit Quality, and Audit Fees: Evidence from Initial Public Offerings." Accounting Review 83, no. 5 (September 1, 2008): 1315–45. http://dx.doi.org/10.2308/accr.2008.83.5.1315.
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ABSTRACT: We use the IPO setting to examine the relation between auditor exposure to legal liability and audit quality and audit fees. With regard to audit quality, we report robust evidence that pre-IPO audited accruals are negative and less than post-IPO audited accruals. In contrast to extant literature, our findings provide scant support for the inference that auditors acquiesce to opportunistic earnings management by issuers in an attempt to increase the offering price. With regard to audit fees, we find auditors earn higher fees for IPO engagements than post-IPO engagements. While inherent differences in auditor responsibilities between IPO audits and post-IPO audits should lead to higher fees for IPOs, a substantial portion of IPO audit fees (in levels and changes) is associated with our proxy for the auditor’s 1933 Act exposure. Overall, our results suggest that both audit quality and audit fees are higher in a higher-litigation regime, consistent with the effects an increase in litigation exposure should have on auditor incentives.
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Olyukha, Vitalii, Vladimira Dobrovolska, Valentyna Chaikovska, Vadim Popeliuk, and Juliіa Dyshkantiuk. "Audit: Legal Aspects in a Pandemic." Ius Humani. Law Journal 9, no. 2 (December 10, 2020): 365–88. http://dx.doi.org/10.31207/ih.v9i2.260.
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This article is devoted to changes in the economic and legal conditions of audit activity in the context of a pandemic and its consequences. It will be useful both to top managers of companies and to audit companies and their specialists. The object of the research is public relations in the field of auditing. The interests of the three main parties are distinguished separately: states, business and auditing companies. The work has the following structure: world experience in auditing during a pandemic; national legal framework for auditing: problems and solutions; the current state of the audit services market: problems and solutions; recommendations to the participants of the audit market. The research methodology is based on general and special scientific methods, in particular: historical-legal, formal-legal, comparative analysis, and modeling. The study concludes that it is the audit system that still acts as a locomotive for the business environment, since an audit is at the forefront of the latest technological solutions (processing Big Data, leveling information asymmetry), is able to quickly work with financial and economic reporting data and propose appropriate measures. However, for this, the business should not be afraid to change in the wake of this new changing world, and audit companies should quickly adapt to new trends and needs.
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Wijaya, Suparna, and Yudhan Wahyu Illahi. "PEMERIKSAAN ULANG ATAS PEMBATALAN KETETAPAN PAJAK SECARA FORMAL." Akuntansi dan Teknologi Informasi 15, no. 1 (March 31, 2022): 62–80. http://dx.doi.org/10.24123/jati.v15i1.4840.
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Directorate General of Taxes has several times faced the fact that the tax assessments that have been issued have been formally canceled. The purpose of this study is to determine the re-audit procedure for tax assessments that are formally canceled, and the obstacles and solutions in overcoming tax audit problems against audit results disputes. The research method used is descriptive qualitative. The results of the study reveal that a tax assessment that is formally canceled can be followed up by a tax auditor, namely in the form of a new audit or a follow-up tax audit. The new tax audit means that the tax audit is carried out with the usual audit mechanism with a different purpose/regardless of the previous tax audit. A new audit is carried out if the cancellation of the tax assessment occurs because it is not true. Advanced audit means to continue the previous process. The obstacles are external and internal factors. External factors include the provision of tax legal remedies, lack of experience, and lack of legal assistance in dealing with disputes over audit results. Internal factors in the form of disciplinary punishment to tax employees who fail to carry out their duties. The solution can be done in terms of regulation and the effectiveness of tax audits.
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Alibekova, B., and A. Maksot. "The international and domestic practice of coordinated audit." ECONOMIC SERIES OF THE BULLETIN OF THE L.N. GUMILYOV ENU, no. 3 (2022): 218–27. http://dx.doi.org/10.32523/2789-4320-2022-3-218-227.
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The system of state audits in the country is developing day by day. An advanced foreign experience has a positive impact on the development of domestic legal acts, and standards, as well as improving the activities of state audit bodies. However, the types of audits have not yet been fully studied. In addition to an external and internal audit, the state audit is divided depending on the object of the audit, and the time and nature of its conduct. From this point of view, a coordinated audit is of particular interest for domestic state audit bodies. Therefore, this article investigates the coordinated audit used at the world level in the practice of the Supreme Audit Institutions of many states in order to identify the best practices. The article clarifies its classification and definitions. The author's definition of the coordinated audit is proposed in the article. The article analyzes the experience of conducting a coordinated audit by the Accounts Committee with an assessment of the advantages and disadvantages of the types used by it. It is established that at present the committee uses only two types of coordinated audit, namely parallel and joint, and also performs them mainly by the type of efficiency audit or compliance audit. As a result, there is justified and suggested the necessity of introducing connected audits into the practice of domestic state audit bodies and the widespread use of the audit of financial statements along with the audit of efficiency and compliance audit.
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Nazarova, Karina. "INSTITUTIONALS BASES OF SYNERGY OF INTERNAL AND EXTERNAL AUDIT." International Journal of New Economics and Social Sciences 1, no. 1 (June 30, 2015): 0. http://dx.doi.org/10.5604/01.3001.0010.4708.
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The article presents the results of a study on institutional support synergy of internal and external audit. We consider the legal field of internal and external audits, indicated its shortcomings and ways to improve it. Presented the argument of the need for synergy of internal and external audit in connection with the selected Ukraine by European integration.
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Vygivska, I. M., and K. E. Paniivan. "Customs post-audit: essence and legal regulation." Problems of Theory and Methodology of Accounting, Control and Analysis, no. 3(56) (December 28, 2023): 3–8. http://dx.doi.org/10.26642/pbo-2023-3(56)-3-8.
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The article carried out research on the disclosure of the essence of the concept of «customs post-audit» and its legal regulation. The impact of the application of the Kyoto Convention on the customs policy and system of Ukraine is characterized, namely in terms of simplification and reduction of the terms of customs clearance for subjects of foreign economic activity and the use of post-audit methods to control such operations. The problem of covering customs post-audit and control in the legal framework of Ukraine is considered. The classification of documentary verification is presented as one of the forms of using the customs post-audit. A study of theoretical and methodological support and practical application of the customs post-audit as an effective tool for controlling foreign economic entities has been carried out. The main tasks of the customs post-audit are determined, the qualitative implementation of which will contribute to the efficient production of the activities of the customs authorities. The paper presents the basic principles that should be followed by the customs authorities when checking business entities, the application of which will ensure the transparency and efficiency of the customs post-audit.
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De, Sankar, and Pradyot K. Sen. "Legal Liabilities, Audit Accuracy and the Market for Audit Services." Journal of Business Finance Accounting 29, no. 3&4 (April 2002): 353–410. http://dx.doi.org/10.1111/1468-5957.00435.
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Anggoro, Cahyo. "Kewenangan Pemeriksaan Badan Pemeriksa Keuangan atas Badan Usaha Milik Negara." Varia Justicia 14, no. 1 (June 30, 2018): 40–50. http://dx.doi.org/10.31603/variajusticia.v14i1.2044.
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Audit Board of Indonesia (BPK) performs audits on the management and accountability of state finances, including those implemented by State Owned Enterprises (SOE). This study aims to see the synchronization of various regulations related to the authority of BPK in conducting SOE audit, as well as audit practices conducted by BPK on SOEs in the period of 20012-2017. This research is conducted by using normative legal research method. Data collection is done through library research by perform a search regulations, scientific books, and other data relevant to the study. Based on the results of the analysis it is known that first, the Acts regulating the state finance, state financial audit, BPK and SOE have been in sync with each other related to the BPK audit of SOEs. BPK audit of SOEs is the authority of BPK's attribution derived from the 1945 Constitution and further regulated in Acts. Second, the implementation of BUMN audits by BPK period 2012-2017 is conduct with three types of audit, namely financial audit, performance audit and a specific purpose audit on state-owned companies in the form of Persero and Perum.
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Arifin, Arifin, M. E. Perseveranda, Simon Sia Niha, Heny Manafe, Rere Paulina Bibiana, and Stanis Man. "Pengaruh Manajemen Aset Terhadap Optimalisasi Pengelolaan Aset Daerah dengan Pengawasan dan Pengendalian Sebagai Variabel Mediasi pada Pemerintah Daerah Provinsi Nusa Tenggara Timur." JURNAL MANAJEMEN PENDIDIKAN DAN ILMU SOSIAL 4, no. 1 (February 11, 2023): 359–69. http://dx.doi.org/10.38035/jmpis.v4i1.1438.
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Abstract: This study aims to find out: 1) An overview of the level of asset inventory, legal audit, asset valuation, asset monitoring and control, and optimization of asset management in the Provincial Government of East Nusa Tenggara. 2) the significance of the influence of asset inventory, legal audit, and asset valuation, on asset monitoring and control. 3) the significance of the influence of asset inventory, legal audit, asset valuation, and asset monitoring and control on the optimization of asset management. 4) the significance of the influence of asset monitoring and control in mediating the effect of asset inventory, legal audit, and asset valuation on optimizing asset management in the Regional Government of East Nusa Tenggara Province. The collected data were analyzed using descriptive statistics and inferential statistics by applying Smart PLS. The results of the descriptive statistical analysis show that asset inventory is in the good enough category, a legal audit is in a good category, asset valuation is in the good enough category, asset monitoring and control is in the good enough category, optimization of asset management is in a good category. The results of the inferential statistical analysis show that asset inventory has a significant effect on asset supervision and control legal audit has a significant effect on asset supervision and control, asset valuation asset supervision and control, and Asset Monitoring and Control can Mediate the Effect of Asset Inventory, Legal Audit and Asset Valuation on Optimizing Asset Utilization.
Abstrak: Penelitian ini bertujuan untuk mengetahui: 1) Gambaran mengenai tingkat inventarisasi aset, legal audit, penilaian aset, pengawasan dan pengendalian aset, dan optimalisasi pengelolaan aset pada Pemerintah Provinsi Nusa Tenggara Timur. 2) signifikansi pengaruhinventarisasi aset, legal audit, penilaian aset, terhadap pengawasan dan pengendalian aset. 3) signifikansi pengaruh inventarisasi aset, legal audit, penilaian aset dan pengawasan dan pengendalian aset terhadap optimalisasi pengelolaan aset. 4) signifikansi pengaruhpengawasan dan pengendalian aset dalam memediasi pengaruh inventarisasi aset, legal audit, penilaian aset tehadap optimalisasi pengelolaan aset pada Pemerintah Daerah Provinsi Nusa Tenggara Timur. Data yang terkumpul dianalisis menggunakan statistik deskriptif dan statistik inferensial dengan menerapkan Smart PLS. Hasil Analisis statistik Deskriptif menunjukkan bahwainventarisasi aset berada dalam kategori cukup baik, legal audit berada dalam kategori baik, penilaian aset dalam kategori cukup baik, pengawasan dan pengendalian aset kategori cukup baik, optimalisasi pengelolaan aset berada dalam kategori baik. Hasil analisis statistik Inferensial menunjukkan bahwa inventarisasi aset berpengaruh signifikan terhadap pengawasan dan pengendalian asetlegal audit berpengaruh signifikan terhadappengawasan dan pengendalian aset, penilaian aset pengawasan dan pengendalian aset, Pengawasan dan Pengendalian Aset dapat Memediasi Pengaruh Inventarisasi Aset, Legal Audit dan Penilaian Aset terhadap Optimalisasi Pemanfaatan Aset.
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SHEPELEVA, Dina Viktorovna, and Olga Vladimirovna POPOVA. "LEGAL REGULATION OF THE STATE AUDIT." Право и государство: теория и практика, no. 3 (2021): 24–27. http://dx.doi.org/10.47643/1815-1337_2021_3_24.
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Beresford, N. W., and T. W. Evans. "Legal safeguards for the audit process." BMJ 319, no. 7211 (September 11, 1999): 654–55. http://dx.doi.org/10.1136/bmj.319.7211.654.
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KHoruzhiy, Lyudmila, Ol'ga Gordeeva, and Lyudmila Kashirskaya. "DUE DILIGENCE IN THE COMPANY'S LEGAL AUDIT SYSTEM." Vestnik of Kazan State Agrarian University 17, no. 3 (November 10, 2022): 170–77. http://dx.doi.org/10.12737/2073-0462-2022-174-181.
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The research was conducted in order to assess Due diligence in the system of legal security of companies' activities as one of the stages of economic control and, in particular, audit and improvement of its methodology. Due diligence audit is more associated with the analysis of investment objects, which includes an assessment of investment risks, an independent assessment of the investment object, a comprehensive audit of the financial condition of the company, and, to a lesser extent, with its position on the market and, most importantly, with the legal security and security of both the company and its management. The legal audit is not fully developed for practical use and does not contain research questions that are in demand by company executives and investors. Based on proposals for Due diligence by audit companies and the requirements of the parties interested in the audit, tools were proposed, a step-by-step risk assessment of the company, a checklist and an algorithm for conducting Due diligence audit as one of the areas of legal audit, and typical violations were identified that contribute to orientation in the search for illegal actions, including for preventive purposes, which in general, it allowed to improve the methodology of Due diligence audit. In the course of the research, general scientific methods of logical analysis and synthesis were used, in particular, analogies, typologies, generalizations. Based on the study of extensive empirical material, the features of the implementation and detected violations during Due diligence audit are investigated. The practical significance of the article is that the conclusions and proposals are aimed at the development of modern economic control and contribute to business optimization. The study conducted by the authors revealed that the new reality has changed the attitude to the use of standard methods that do not take into account the specifics of the functioning of companies, and requires the modernization of old and the introduction of new approaches to Due diligence audit methods.
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Henry DP Sinaga, Yuli T. Hidayat,. "CERTAINTY AND SIMPLICITY PRINCIPLE IN BROADENING THE SCOPE OF TAX AUDIT IN INDONESIA." Jurnal Tax Law and Policy 1, no. 1 (June 17, 2022): 11–22. http://dx.doi.org/10.56282/jtlp.v1i1.60.
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It is necessary to construct the prevailing tax laws and regulations that apply to the period and scope of tax audit in Indonesia. The construction results lead this article to implement the principle of certainty and simplicity in producing the ideal legal concept for the future period and scope of the tax audit. This article uses the normative juridical method using a legal inventory approach (positive), legal principles, and legal systematics and synchronization based on three legal materials: primary legal material, secondary legal material, and tertiary legal material. The scope of a tax audit, which includes one, several, or all types of taxes, potentially causes several risks, including the evidence that must be disclosed by Article 12 paragraph (3) and an explanation of Article 29 of UU KUP, the low rate of Audit Coverage Ratio (ACR), the emergence of legal uncertainty between taxpayers who have been examined with taxpayers who have not or have never been examined considering the legal expiration of the tax assessment letter (SKP), and intersecting between the formulation of corruption and tax audit results which is not by Article 12 paragraph (3) and explanation of Article 29 of UU KUP as the corruption formulation affirms the whose position cause state financial losses or state economy. The principle of certainty and simplicity in the tax audit scope will enhance the ACR and further streamline tax examination and period. this article generates the legal concept of a tax audit that broadens the scope of a tax audit, which does not only cover one, several, or all types of taxes but reaches certain accounts and is a critical point in calculating taxes that still have to be paid.
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Toshifumi Takada, Toshifumi Takada. "Uncertaity in Auditing." International Journal of Computer Auditing 5, no. 1 (December 2023): 052–67. http://dx.doi.org/10.53106/256299802023120501005.
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<p>Financial audits by Certified Public Accountants (CPA audits) have become mandatory for all listed companies, in accordance with legal requirements stipulated by Securities Law and the Companies Act in many countries. The audit regulatory requirement has expanded to other organizations such as universities, political parties, and labor unions. In addition to the financial audits, CPAs’ duty have expanded to the Internal Control Report. The broadening scope of audit demonstrates that society requires public or ganizations and large companies to be transparent and to be responsible for the society.</p>
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SYNKOVA, O. "Legal provision of information audit in executive authorities." INFORMATION AND LAW, no. 1(7) (March 28, 2013): 64–69. http://dx.doi.org/10.37750/2616-6798.2013.1(7).272229.
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In the problems of the legal regulation of informational audit in the bodies of executive power are certained. Role of informational audit in development of informational architecture of electronic management is defined. Necessity of development and acceptance of complex of the measures aimed on the improvement of the organizational and legal providing of informational audit are proposed.
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Filippova, Sofya Yu, Gennady A. Esakov, and Yuliana I. Stukacheva. "LEGAL CHRONICLE." Zakon 20, no. 5 (May 2023): 123–39. http://dx.doi.org/10.37239/0869-4400-2023-20-5-123-139.
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In the May Chronicle, experts comment on the adoption of a new law regulating the military conscription of citizens and restricting the rights of those who ignored summons; the decision of the Constitutional Court, expanding the liability for a cartel agreement; institute of pre-audit analysis within the framework of tax control.
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Chi, Wuchun, and Chien‐min Kevin Pan. "Legal liability, audit manpower allocation and audit quality: Evidence from Japan." International Journal of Auditing 25, no. 2 (March 29, 2021): 426–41. http://dx.doi.org/10.1111/ijau.12227.
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Карпова, О., O. Karpova, Я. Формулевич, and Ya Formulevich. "Legal Regulatory Gaps in Russian Internal Audit: Institutional Aspect." Auditor 5, no. 11 (December 2, 2019): 19–22. http://dx.doi.org/10.12737/article_5dcbeb9d84e0a3.07612096.
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The article defines the role of internal audit in the financial and economic activities of economic entity. The advantages of internal auditing are analyzed. The authors also described the interaction between internal audit and external independent control. Special attention is paid to the problems of the Russian internal audit, namely the formal rules (norms). As a result, the authors propose the ways to eliminate gaps in the legal regulation of the Russian internal audit.
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Selimoğlu, Seval, and Yahya Umutoni Swabra. "Legal regulations and internal audit function in ugandan public enterprises." HOLISTIC ECONOMICS 1, no. 1 (January 10, 2022): 1–9. http://dx.doi.org/10.55094/hoec.1.1.01.
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Purpose: The purpose of this study is to investigate about legal regulations on internal audit function in Uganda public enterprises. Findings: we analysed the association between legal regulations and internal audit function in Ugandan public enterprises, in line with corruption, objectivity and use of technology. However, there is still insufficient literature to support this relationship because the study found that objectivity and corruption were insignificant predictors of legal relgulations and internal audit function, nevertheless, technology had a positive relationship between legal regulations and internal audit function. Method: quantitative research method was employed and data was analysed using a Multiple regression model, and it was obtained from a sample of 49 audit managers, audit seniors, audit staff,and CAEs of selected public sectors in Uganda. using the 5-point Likert scale( Ankur J. (2015), Recommendation: the study recommend that further study should focus on government anti- corruption interventions through ICT improvement in both public and private enterprises. Significance: This paper is significant to internal audit policy-makers in Uganda such as, the ministry of finance, planning and economic development (MoFPED), that will continue to ensure promotion of ethics and professional conduct among internal auditors. This will help achieve effective internal audit function. Originality: As far as the authors of this study are concerned, there is no other research that has been undertaken to investigate about ‘’ Legal regulations and internal audit function in Uganda public enterprises’’
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Valipour, Hashem, Sirous Fatahi, Ayatollah Jafari, and Mohsen Ahmadi. "The effect of the implementation of the performance audit of efficiency on improving of public sector accountability." Journal of Management and Accounting Studies 3, no. 02 (July 18, 2019): 74–93. http://dx.doi.org/10.24200/jmas.vol3iss02pp74-93.
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The aim of this study was to investigate the implementation of a scientific approach and results oriented performance auditing of efficiency, and accountability of government. Methodology: Methods of solidarity and survey research, including research in order hypotheses (8) assumes two questionnaires developed five options (Likret), which both feature high reliability and validity have been prepared in the interval Since October 2014 to June 2015, the Supreme Audit Court and the provincial sample using formula Cochran (357) patients were determined, were distributed. To test the hypothesis of non-parametric tests (Pearson), test (t) one-sample and independent equations path analysis and multiple regression analysis were used in spss. Results: Test results showed, while the implementation of performance auditing efficiency has a significant relationship with the public sector accountability; Conclusion: 1) the implementation of audit performance through operating efficiency (efficiency audit) a significant relationship with the public sector to improve corporate accountability, 2) the implementation of performance audit through operating efficiency (efficiency audit) is a significant contribution to the improvement of public sector accountability legislation, 3) implementation of audit performance through operating efficiency (efficiency audits) significant contribution to the improvement of professional accountability the public sector, and 4) implementation of a performance audit through operating efficiency (efficiency audit) a significant relationship with the public sector to improve political accountability, 5) implementation of audit performance through operating efficiency (efficiency audits) significant contribution to the improved public sector financial accountability, and 6) the implementation of audit performance through efficiency operations (efficiency audits) the public sector's significant contribution to the improvement of moral accountability, 7) implementation of audit performance through operating efficiency (efficiency audits) significant contribution to the improvement of cultural and public sector accountability and ultimately 8) audit the performance of the Index Seven combined response (organizational, legal, professional, political, financial, moral, and cultural) is a significant contribution to the improvement of public accountability.
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Borets, L. V., and V. O. Ruda. "Current State and Perspectives of Legal Support for Digital Transformation of the State Audit Office of Ukraine." Bulletin of Kharkiv National University of Internal Affairs 93, no. 2 (July 2, 2021): 160–72. http://dx.doi.org/10.32631/v.2021.2.13.
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Improving the efficiency of the State Audit Office of Ukraine in exercising public financial control is largely determined by the success of the digital transformation of such activities. The legal support of such a process is important. The authors of the article outline the current state and perspectives of legal regulation of digital transformation of the State Audit Service of Ukraine for public financial control, identifies problems of legal regulation of digitalization of this service and ways to solve these problems. In particular, it is noted that one of the important issues is the legal regulation of the automated integrated information database on the status and results of state control over the management and use of state and local resources of the State Audit Service and other state control agencies, as well as databases and registers, the operation of which is financed from the state budget. Given the interdepartmental nature and the fact that the maintenance of some state registers is determined at the level of laws, the need to adopt a relevant law is not excluded. At the same time, appropriate amendments should be made to the Law of Ukraine "On Basic Principles of Public Financial Control in Ukraine", Regulations on the State Audit Office, Procedures for Inspection and Public Financial Audits, Inspection and Monitoring of Public Procurement, which should be supplemented by state financial control entities, in the order of information interaction or by direct access to them. In addition, it is impossible to solve the issue of digital transformation of the State Audit Office without raising the level of knowledge and appropriate training of its employees.
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Wirabuana, Zainuddin, Salmon Eliazer Marthen Nirahua, and Andress Deny Bakarbessy. "Kewenangan Aparat Pengawasan Intern Pemerintah Dalam Menyatakan Kerugian Keuangan." MATAKAO Corruption Law Review 1, no. 1 (May 29, 2023): 74–86. http://dx.doi.org/10.47268/matakao.v1i1.9054.
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Introduction: The Government Internal Supervisory Apparatus (APIP) is an internal supervisor who carries out the task of administering government affairs in the field of state/regional financial supervision and national development. Law enforcement officials often use the results of the APIP audit as evidence in trials of corruption cases, as well as the panel of judges at the Ambon District Court continues to accept the results of calculations and provide expert opinions in trials.
Purposes of the Research: Analyzing juridically through reviewing laws and regulations relating to the authority of the Government Internal Supervisory Apparatus in declaring state financial losses, and analyzing the relationship between supervisory and auditing institutions (BPK and APIP) in determining and declaring state financial losses.
Methods of the Research: The research method used is normative, that is, research that primarily examines positive legal provisions and legal principles, explain and predicts in the direcrion of future legal developments.
Results of the Research: The results of the research show that (1) APIP remains authorized to conduct investigative audits, audit calculations of state financial losses and provide expert testimony at trial, (2) There is no legal protection that regulates the pattern of confidential audit results relations between APIP and BPK. Therefore, it is necessary to enact laws and regulations that reinforce the role of each supervisory and examiner institution to create legal certainty and prevent overlapping authorities.
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Muzatko, Steven R., Karla M. Johnstone, Brian W. Mayhew, and Larry E. Rittenberg. "An Empirical Investigation of IPO Underpricing and the Change to the LLP Organization of Audit Firms." AUDITING: A Journal of Practice & Theory 23, no. 1 (March 1, 2004): 53–67. http://dx.doi.org/10.2308/aud.2004.23.1.53.
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This paper examines the relationship between the 1994 change in audit firm legal structure from general partnerships to limited liability partnerships (LLPs) on underpricing in the initial public offering (IPO) market. The change in legal structure of audit firms reduces an audit firm's wealth at risk from litigation damages and reduces the incentives for intrafirm monitoring by partners within an audit firm. Prior research suggests that underpricing protects underwriters from litigation damages, and that the level of underpricing varies inversely with both the amount of implicit insurance provided by the audit firm and the quality of the audit services provided. We hypothesize the change in audit firm legal structure reduced the assets available from audit firms in IPO-related litigation and indirectly reduced audit quality by lowering intrafirm monitoring. As a result, underwriters have incentives as a joint and several defendant with the audit firms to increase IPO underpricing, particularly for high-litigation-risk IPOs, following audit firms' shifts to LLP status. Our findings are consistent with this hypothesis.
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Bohdaniuk, Ihor, Vladyslav Kolisnichenko, and Olena Ustymenko. "AUDIT AS A FORM OF CONTROL OF THE STATE FINANCIAL INSPECTION OF UKRAINE." Baltic Journal of Economic Studies 4, no. 5 (February 11, 2019): 31. http://dx.doi.org/10.30525/2256-0742/2018-4-5-31-35.
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The aim of the article is to review the audit as a form of control of the State Financial Inspection of Ukraine and to analyse its forms and types. The subject of the study is the audit as a form of control of the State Financial Inspection of Ukraine. Research methodology. The research is based on the use of general scientific and specialscientific methods and techniques of scientific knowledge. The dialectical method made it possible to investigate the definition of the audit as a form of control of the State Financial Inspection of Ukraine and the procedure for its appointment. The comparative legal method was used in order to compare doctrinal approaches to this issue. Interpretation of the content of normative legal acts of domestic legislation was carried out with the help of the normative-dogmatic method. These acts regulate the problem of appointment and conduction of the audit. The system-structural method was used for the study of the audit institution as a whole (system) with the coordinated functioning of all its elements. Methods of analysis and synthesis helped to study some parts of this institute to formulate further conclusions about its most optimal functioning. Practical impact. The analysis of types of audits, as well as their characteristic features, helped to develop recommendations for improving the procedure for conducting audits by the State Financial Inspection of Ukraine, as well as to identify problematic issues that require further consideration and research. Correlation/originality. In the research, there was made a proposal about audits, which are carried out by the State Financial Inspection of Ukraine and its territorial bodies. The proposal was to make them a form of forecasting control. It was recommended to qualify the fact of prevention the officials of the controlling body from carrying out the audit, checking or not providing the necessary documents for audit and verification as an administrative offense. A special attention was paid to the timeliness of the selection of explanations from the involved persons during the detection of offenses.
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Bieliaieva, Nataliia. "Internatiоnal practice оf the cоncepts use оf “HR audit”, “staff audit”, “persоnnel audit”." Economics. Ecology. Socium 3, no. 3 (September 30, 2019): 94–101. http://dx.doi.org/10.31520/2616-7107/2019.3.3-11.
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Іntrоductіоn. Persоnnel management іs a multіfaceted and extremely cоmplex prоcess, characterіzed by іts specіfіc features and patterns. Tоday, effectіve HR management іs оne оf the key pоіnts іn іmprоvіng prоductіvіty and creatіng cоmpetіtіve prоducts. Іncоmpetence оf managers іn thіs fіeld leads tо іneffіcіent use оf human resоurces іn the cоndіtіоns оf fіerce cоmpetіtіоn amоng exіstіng enterprіses. Іn thіs regard, enterprіses need tо cоnduct a cоmprehensіve analysіs that wіll іdentіfy prоblems and prevent them frоm оccurrіng іn the future. Such an analysіs may be presented іn the fоrm оf a staff audіt, hr audіt, persоnnel audіt. At the same tіme, sіnce thіs cоncept іs bоrrоwed frоm іnternatіоnal experіence, іt іs apprоprіate tо іnvestіgate this dіfference between оf the cоncepts оf “HR audіt”, “staff audіt”, “persоnnel audіt” іn the іnternatіоnal practіce.
Aіm and tasks. The purpоse оf the research іs tо study the іnternatіоnal practіce оf applyіng the cоncepts оf «HR audіt», «staff audіt», «persоnnel audіt».
Results. Оrganіzatіоns are cоntinuоusly evоlvіng. But if we are gоing tо talk abоut the pоlіcіes and prоcedures, they оften remaіn unchanged. Sо tо dіmіnіsh legal іssues and tо be sure that a cоmpany stіll cоmplіes wіth the labоr and emplоyment laws, іt іs іmpоrtant tо perfоrm an audіt in personnel management sphere. It cоuld sоund like dauntіng, but, really, іt іs a valuable tооl that can help the cоmpany tо stay up tо date and be able tо thrіve all the time. The analysis of the use of the terms "human resource audit", "staff audit", "personal audit" in international practice is carried out. The connection between the term "HR audit" and personnel management is justified. The difference in the application of concepts in international practice is determined.
Cоnclusіоns. The term “HR audіt” іs mоre new and wіder, than “persоnnel audіt” оr “staff audіt”. Cоmpanies need tо use this audіt tо prоvіde recоmmendatіоns whіch wіll help them tо іmprоve оperatіоns, prоductivity, effectiveness. As a rule, HR prоfessіоnals can perfоrm this analysis, this assessment by themselves, but they alsо can hіre an external оrganizatiоns. Systematіcally cоnductіng an HR audіt wіll alsо make a pоsіtіve impact оn the emplоyees, knоwіng that their cоmpany takes an actіve steps tо make better theirs wоrkіng cоndіtіоns. Such changes wіll pоsitively influenced the way оf wоrkіng and alsо іncreased emplоyee mоrale.
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Boritz, J. Efrim, and Ping Zhang. "The Implications of Alternative Litigation Cost Allocation Systems for the Value of Audits." Journal of Accounting, Auditing & Finance 12, no. 4 (October 1997): 353–72. http://dx.doi.org/10.1177/0148558x9701200401.
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When an auditor's effort is not observable, auditor liability becomes an important mechanism for motivating the auditor to exert an appropriate level of audit effort. However, although the presence of legal liability helps to preserve the value of an audit to investors, some aspects of the liability system may motivate suboptimal behavior and perhaps, ultimately, detract from investors' welfare. This paper seeks to contribute to the analysis of litigation-related issues by examining the effects of alternative legal cost allocation systems—the so-called American versus British rules—on the value of audits. Using a game theoretic model, the paper characterizes investors' and an auditor's equilibrium strategies in pretrial negotiation and the auditor's effort decisions. The paper finds that the American system (where the parties pay their own litigation costs) provides a higher audit value than the British system (where the loser of a case pays the winner's litigation costs), although the auditor's total expected costs are higher in the American system than in the British system.
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Ochieng, Olayo, and Lewis Kamau. "ANALYSIS OF THE VIABILITY OF LIFESTYLE AUDIT AS AN ANTI-CORRUPTION TOOL IN KENYA." International Journal of Leadership and Governance 1, no. 2 (December 8, 2021): 19–31. http://dx.doi.org/10.47604/ijlg.1426.
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Purpose: The main objective of this paper was to assess whether lifestyle audit as an anti-corruption tool is viable.
Methodology: The study was based on a desk review of existing studies and documented statistics. Further, legal framework and case laws were cited. A narrative analysis was performed and at this point the information was interpreted by comparing the results with the results of other empirical studies. This information was interpreted using the “stories in the stories” and linked to the existing literature.
Results: The study found that lifestyle audit is a viable tool for fighting corruption. However, there are challenges in the legal framework, particularly on the implementation. The study noted that the viability of lifestyle audits depends on judicial interpretation, political will and more importantly addressing of the current software and hardware issues existing in the current legal framework.
Recommendation: The study calls for political will to ensure the Lifestyle Audit Bill 2019 is not watered down by judicial interpretation. It further recommends that the political will should be accompanied by executive action to fight corruption through wealth declaration.
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Zulaekah, Siti Zulaekah, Triya Oftafiana, and Mei Azizatur Rohmah. "THE EFFECT OF SHARIA AUDIT ON THE LEVEL OF PUBLIC TRUST IN THE NATIONAL ZAKAT AMIL TULUNGAGUNG." BALANCE: JOURNAL OF ISLAMIC ACCOUNTING 3, no. 2 (October 24, 2022): 124–42. http://dx.doi.org/10.21274/balance.v3i2.5661.
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A sharia audit is a procedure that entails a systematic review of a sharia financial institution's whole operation for conformity with sharia rules. Internal audits, external audits, and any other activities requiring adherence to sharia principles are examples of these activities. Internal and external auditors can both do Sharia audits. The general public's trust is crucial to the efficacy of zakat management. In part, a sharia audit can be used to maintain and ensure the integrity of zakat management organizations in their implementation of sharia principles. The goal of this study was to use a descriptive quantitative research technique as well as a literature review from relevant sources, including earlier studies. The findings suggest that implementing a good and legal sharia audit in zakat institutions will have a significant impact on the level of public trust. Sharia-compliant auditing is an important part of restoring public trust in zakat institutions.
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Liu, Kai, and Heng Li. "Legal Supervision of Audit Practice in Corporate Takeovers." Jurnal Undang-undang dan Masyarakat 30 (May 1, 2022): 39–50. http://dx.doi.org/10.17576/juum-2022-30-04.
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Auditing services are active throughout corporate takeover process. Audit issues not only affect the nature, efficiency and consequences of takeovers, but also matter the quality and social effects of corporate development after the successful reorganization. This paper aims to enhance the audit quality in the takeover process, and further improve the structure, productivity and social responsibility of takeover parties. Qualitative analysis method and case study are adopted in this paper to investigate the legal issues on audit involved in the takeover process, and explores their fundamental reasons and negative effects on the development of companies and society. This paper finds that since the acquiring companies need to master the comprehensive information of target companies, they incline to choose the audit firms associated with the target companies. Those firms have the opportunity to collude with the target companies and may damage the takeover performance by hiding decision-making power or even falsifying financial data1. In addition, in order to defeat other potential competitors, acquiring companies need to review the financial records and assess the key personnel of target companies within a limited time. They may miss out some technical issues of corporate governance at the stage of pre-takeover due diligence.2 Therefore, this paper suggests that takeover parties adopt shared audit. As the information intermediary, shared audit could effectively eliminate the illegal acts caused by the collusion among auditors and auditees, convey accurate information and promote higher-quality takeovers.
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Aburisheh, Khaled, and Salih Nofal. "Factors Affecting Audit Quality: Evidence from Jordan." GATR Accounting and Finance Review 8, no. 3 (December 30, 2023): 54–63. http://dx.doi.org/10.35609/afr.2023.8.3(1).
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Objective - This study explores the factors influencing audit quality in Jordan, focusing on professional competence, auditor qualifications, availability and independence, professional experience, awareness of audit importance, and audit fees. Methodology/Technique –. Drawing from a sample of 454 Jordanian legal auditors, the research employs a questionnaire-based methodology. Findings - Results indicate a significant impact of the studied factors on audit quality, with audit fees being the most influential, followed by auditor objectivity and independence. Professional competence, academic qualifications, professional experience, and awareness of the importance of audits also contribute to audit quality. These findings underscore the importance of fair fee structures, maintaining auditor independence, and emphasizing professional competence to enhance audit quality and public trust. Novelty - The study recommends setting fees aligned with task complexity and upholding auditor independence for meaningful audit opinions. Type of Paper: Empirical JEL Classification: M41, M42, M48 Keywords: Audit Quality, Professionalism, Availability, Professional Experience, Audit Fees. Reference to this paper should be referred to as follows: Aburisheh, K; Nofal, S. (2023). Factors Affecting Audit Quality: Evidence from Jordan, Acc. Fin. Review, 8(3), 54 – 63. https://doi.org/10.35609/afr.2023.8.3(1)
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Wang, Chen-Chin, Fan-Hua Kung, and Kai-Hsun Lin. "Does audit firm size contribute to audit quality? Evidence from two emerging markets." Corporate Ownership and Control 11, no. 2 (2014): 108–19. http://dx.doi.org/10.22495/cocv11i2p8.
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This study investigated whether the Big N audit firms in emerging markets can provide audits of high quality and mitigate information risk, by comparing the audit quality of Big N audit firms in Taiwan with those in China. The two countries share a similar cultural background and engage in frequent economic exchange; however, they have different legal systems and institutional environments. This study followed previous research in the use of bid-ask spread and discretionary accruals as proxy variables for information asymmetry and audit quality. Our results indicate that politico-economic differences between Taiwan and China influence the effectiveness of independent auditors when it comes to the mitigation of information asymmetry. Big N audit firms in Taiwan helped to mitigate information asymmetry and provided audit services of higher quality, whereas Big N firms in China were better able to constrain earnings management. Our results indicate that market concentration and market share have a stronger influence on reputation incentive and audit quality than does the size of an audit firm.
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PANTELEIEV, V. "A Synthesis of Information on Regulation, Organization and Methodology of Audit in the EU Countries." Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, no. 4 (February 20, 2020): 39–65. http://dx.doi.org/10.31767/nasoa.4.2019.05.
Full textAbstract:
The paper sums up documents on the legal and practical framework for the regulation of audit, quality control of audit services and public oversight audit all countries of EU. For more than a quarter of a century, an understanding and approval practice of providing audit services has been formed in Ukraine. As an important element of the market mechanism, an audit involves expressing the reasoned opinion of an independent, qualified professional about the entity's financial statements. The time requirement is the use by regulators of new, modern audit techniques. Audit development in Ukraine always goes hand in hand with the study and use of positive audit experience in market economy countries. The main components of such techniques are certain procedures for auditing, quality control of audit services and public oversight bodies. The paper on legal acts and literary sources summarizes the legal and the best practices of audit regulation, quality control of audit services and public oversight bodies in all EU countries (currently 28). The tendencies of organization and regulation of audit activity, variants of influence on the quality of audit services, as well as application of state and non-governmental levers of forming the body of public supervision are indicated. A critical attitude to the regulation of audit, organization and methods of audit in Ukraine is justified. Conclusions are drawn and prospects for further research are outlined.
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Assiri, Mohammed, and Mamoona Humayun. "A Blockchain-Enabled Framework for Improving the Software Audit Process." Applied Sciences 13, no. 6 (March 8, 2023): 3437. http://dx.doi.org/10.3390/app13063437.
Full textAbstract:
Audits are an essential component of every organization, particularly those involving software development. In addition to several testing cycles, software auditing has become an essential software development milestone. Software auditing is a continual activity that enables a business to remain ahead of the curve and predict potential software problems. Audits, whether undertaken in-house or by external auditors, entail a significant amount of time and work. Consistent audits provide financial and economic benefits, as well as legal benefits. The most essential advantage of audits is safeguarding your system from internal and external assaults. Audit logs serve a crucial role in the auditing process; they typically capture all system operations and occurrences. They are used as evidence providers during an inquiry and by auditors to monitor the privacy and security of information and systems. Auditors confirm the accuracy of data pertaining to businesses and their activities. To determine if these acts exceed the limitations established by organizations, governments, and other parties, dependable information is essential. Infractions of such rules or corporate standards may be indicative of fraud, malpractice, risk, or inefficiency. Despite the existence of automated audit tools, audit policy, and audit logs, many audit frauds are reported on a daily basis. To make the audit process transparent and secure, this research proposes a blockchain-enabled framework SSFTA to aid software auditors in conducting a transparent and effective audit process. The proposed framework is evaluated using a case study. The findings demonstrated that the suggested framework makes the auditing process simple and transparent.
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A. Jain, Dr Kavita. "Social Audit And Panchayati Raj." Thematics Journal of Geography 8, no. 8 (August 14, 2019): 52–57. http://dx.doi.org/10.26643/tjg.v8i8.8131.
Full textAbstract:
Social audit can be used in the various sectors like health, water, financial institution, organizations, companies, public and private sectors. With the help of social audit, industries can measure their performance. The social audit got a legal statue after incorporation of the 73rd amendment to the Indian constitution regarding panchayati raj institutions. This amendment gave power to gramsabha to conduct social audits and it has with this historic amendment that the concept of social audit gained importance in our country. The gramasabha shall conduct regular social audit of all the projects under the scheme taken up with in gram panchayat. So this study analyzed the performance of PRIs through social audit practice. It is purely based on primary data which has used convenient method of sampling method. The result has contributed that, social audit practice through gramsabha has developed the rural area but still there is a need for effective implementation of social audit practice. So government should provide training to panchayat raj employees to effectively carry social audit apart from this other institutions such as NGOs need to support villagers to conduct social audit.