Pub Date : 2022-07-28DOI: 10.20869/auditf/2022/167/014
Mariana Bulucea, O. Bunget, A. Dumitrescu, Valentin Burca, Oana Bogdan
The purpose of this paper is to study the implications of auditors' rotation on financial audit reporting in the case of companies listed on the Bucharest Stock Exchange in the period 2011-2021. It was analyzed the relationship between the rotation of audit firms and the audit opinion, the impact on the audit cost, as well as the effects on the key audit matters. The regulatory framework has been modified at the same time for the key audit matters and the rotation of auditors, and it is therefore interesting to examine how they associate with each other. Using the descriptive statistical analysis method mainly oriented towards graphical analysis, it is illustrated that the rotation of audit firms leads to improved reporting in audit by reducing the number of modified opinions, respectively increasing the number of KAM communicated in the audit report. Finally, the change of auditor does not lead to substantial changes in the audit fees, which is why such a decision is not determined by considerations of reduction of audit costs, but rather by other reasons.
{"title":"Implications of Auditors` Rotation in Financial Audit Reporting","authors":"Mariana Bulucea, O. Bunget, A. Dumitrescu, Valentin Burca, Oana Bogdan","doi":"10.20869/auditf/2022/167/014","DOIUrl":"https://doi.org/10.20869/auditf/2022/167/014","url":null,"abstract":"The purpose of this paper is to study the implications of auditors' rotation on financial audit reporting in the case of companies listed on the Bucharest Stock Exchange in the period 2011-2021. It was analyzed the relationship between the rotation of audit firms and the audit opinion, the impact on the audit cost, as well as the effects on the key audit matters. The regulatory framework has been modified at the same time for the key audit matters and the rotation of auditors, and it is therefore interesting to examine how they associate with each other. Using the descriptive statistical analysis method mainly oriented towards graphical analysis, it is illustrated that the rotation of audit firms leads to improved reporting in audit by reducing the number of modified opinions, respectively increasing the number of KAM communicated in the audit report. Finally, the change of auditor does not lead to substantial changes in the audit fees, which is why such a decision is not determined by considerations of reduction of audit costs, but rather by other reasons.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48690297","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-28DOI: 10.20869/auditf/2022/167/015
George Aevoae
Purpose – The purpose of this paper is to identify the chances that a certain type of investor will purchase a stake in an industry target company, considering the accounting practices and / or the audit opinion, to which certain financial information is added, related to size and profitability. The influence of these factors on the acquisition decision, reflected in the deal value, is also analyzed. Methodology – For testing and validation of working hypotheses, multinomial logistic regression, generalized linear models and multiple correspondences analysis are used, considering a sample of 631 acquisitions from the Bucharest Stock Exchange (BSE). Results – The undisclosed investors (in most cases, individuals) are interested in the size of the company, while companies consider the quality of the information provided by the target company, which applies IFRS and has the financial statements accompanied by the opinion of an auditor. Profitability is a significant factor for unlisted investors. As for the price that these investors decide to pay in the transaction, it is positively influenced by all the factors mentioned above. Originality – The study provides an overview of the types of investors who acquire stakes on the BSE and of the factors that influence the chances that they will pay a certain price for equity stakes.
{"title":"The Influence of Accounting and Auditing Regulations on Decisions Regarding External Growth Strategies in Romanian Industry","authors":"George Aevoae","doi":"10.20869/auditf/2022/167/015","DOIUrl":"https://doi.org/10.20869/auditf/2022/167/015","url":null,"abstract":"Purpose – The purpose of this paper is to identify the chances that a certain type of investor will purchase a stake in an industry target company, considering the accounting practices and / or the audit opinion, to which certain financial information is added, related to size and profitability. The influence of these factors on the acquisition decision, reflected in the deal value, is also analyzed. Methodology – For testing and validation of working hypotheses, multinomial logistic regression, generalized linear models and multiple correspondences analysis are used, considering a sample of 631 acquisitions from the Bucharest Stock Exchange (BSE). Results – The undisclosed investors (in most cases, individuals) are interested in the size of the company, while companies consider the quality of the information provided by the target company, which applies IFRS and has the financial statements accompanied by the opinion of an auditor. Profitability is a significant factor for unlisted investors. As for the price that these investors decide to pay in the transaction, it is positively influenced by all the factors mentioned above. Originality – The study provides an overview of the types of investors who acquire stakes on the BSE and of the factors that influence the chances that they will pay a certain price for equity stakes.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43572671","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-28DOI: 10.20869/auditf/2022/167/018
O. Bunget, Anca Diana Sumanaru
Financial reporting literature indicates a research gap regarding the topic of auditor-client negotiation (ACN). Thus, the current paper seeks to present the concept of ACN from a literature review perspective. Further, the research is organized in two main sections, namely: (1) the qualitative analysis, based on previous studies in the field of ACN and (2) the quantitative analysis, which involves the use of specific indicators, such as: level of citations per year, region/ country, journal type etc. Then, the study evolves into new insights and discussions upon the impact of literature review on auditor-client negotiations. Overall, the authors used an extensive analysis of 37 publications collected from Web of Science, selecting the most relevant literature in the fields of business, finance, management, social sciences, and ethics, during the period 1975- 2022. Results show that the concept of ACN is being debated in top journals, totalizing no less than 602 citations, and recording an H- Index of 16. Further on, 8 top journals were identified with more than one publication in the sphere of auditor-client negotiation (ACN), 10 authors that have written at least two papers related to ACN, and not least 7 articles with top citation levels. All the 37 literature sources bring an extensive contribution to the development of ACN concept and represent the background for building new insights and prospective research. The present study has practical implications, as defining the background of ACN helps practitioners to find efficient solutions to their everyday challenges.
{"title":"A Bibliometric Study upon Auditor-Client Negotiation Aspects","authors":"O. Bunget, Anca Diana Sumanaru","doi":"10.20869/auditf/2022/167/018","DOIUrl":"https://doi.org/10.20869/auditf/2022/167/018","url":null,"abstract":"Financial reporting literature indicates a research gap regarding the topic of auditor-client negotiation (ACN). Thus, the current paper seeks to present the concept of ACN from a literature review perspective. Further, the research is organized in two main sections, namely: (1) the qualitative analysis, based on previous studies in the field of ACN and (2) the quantitative analysis, which involves the use of specific indicators, such as: level of citations per year, region/ country, journal type etc. Then, the study evolves into new insights and discussions upon the impact of literature review on auditor-client negotiations. Overall, the authors used an extensive analysis of 37 publications collected from Web of Science, selecting the most relevant literature in the fields of business, finance, management, social sciences, and ethics, during the period 1975- 2022. Results show that the concept of ACN is being debated in top journals, totalizing no less than 602 citations, and recording an H- Index of 16. Further on, 8 top journals were identified with more than one publication in the sphere of auditor-client negotiation (ACN), 10 authors that have written at least two papers related to ACN, and not least 7 articles with top citation levels. All the 37 literature sources bring an extensive contribution to the development of ACN concept and represent the background for building new insights and prospective research. The present study has practical implications, as defining the background of ACN helps practitioners to find efficient solutions to their everyday challenges.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42296825","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-28DOI: 10.20869/auditf/2022/167/020
D. Abrudan, Mihaela Gabriela Hriscu
Digital technology impacts the 21st century, and it shapes our lifestyle, the way we think and the way we act. This paper presents aspects of the digital transformation of the workplace and how this process requires the creation and development of new skills and competencies for employees today but especially in the future. In this new context, an essential role is played by education, by educational systems that need to adapt to new requirements, precisely so that educators have the skills needed to be more productive. From this perspective, in the paper, the authors present a teaching and learning method called the TADEO method, which encourages learning the skills needed for Education 4.0. This method is based on a technology support software tool to help teachers build their teaching plan, teaching duration, teaching materials, and assessment method. Hybrid work is an opportunity that brings new challenges: the work environment is changing rapidly, and automation is replacing human tasks in order for organizations to thrive. Recruitment has become complicated with the digital transformation, and new challenges are emerging for employers as they need people with the skills needed to cope with a changing work environment. The study was conducted on a sample of respondents from a multinational service company based in western Romania, where the accounting department employees were interviewed to see what they think about artificial intelligence, the implications of robots, and the future at work. This research is based on four objectives that have been achieved and three hypotheses that have been tested. The study results showed that about half (43.7%) of the employees who answered this questionnaire worked in the office. Only 28.2% consider themselves very satisfied with the job, and 37.9% see themselves working at the same company for 10 years.
{"title":"Navigating the Digital World - the Impact on the New World of Work, A Multigen Perspective","authors":"D. Abrudan, Mihaela Gabriela Hriscu","doi":"10.20869/auditf/2022/167/020","DOIUrl":"https://doi.org/10.20869/auditf/2022/167/020","url":null,"abstract":"Digital technology impacts the 21st century, and it shapes our lifestyle, the way we think and the way we act. This paper presents aspects of the digital transformation of the workplace and how this process requires the creation and development of new skills and competencies for employees today but especially in the future. In this new context, an essential role is played by education, by educational systems that need to adapt to new requirements, precisely so that educators have the skills needed to be more productive. From this perspective, in the paper, the authors present a teaching and learning method called the TADEO method, which encourages learning the skills needed for Education 4.0. This method is based on a technology support software tool to help teachers build their teaching plan, teaching duration, teaching materials, and assessment method. Hybrid work is an opportunity that brings new challenges: the work environment is changing rapidly, and automation is replacing human tasks in order for organizations to thrive. Recruitment has become complicated with the digital transformation, and new challenges are emerging for employers as they need people with the skills needed to cope with a changing work environment. The study was conducted on a sample of respondents from a multinational service company based in western Romania, where the accounting department employees were interviewed to see what they think about artificial intelligence, the implications of robots, and the future at work. This research is based on four objectives that have been achieved and three hypotheses that have been tested. The study results showed that about half (43.7%) of the employees who answered this questionnaire worked in the office. Only 28.2% consider themselves very satisfied with the job, and 37.9% see themselves working at the same company for 10 years.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48723066","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-28DOI: 10.20869/auditf/2022/167/019
Carmen Valcu
Numerous studies in the national and international literature highlight the link between fiscal pressure and various characteristics of companies, such as: company size, level of indebtedness, field of activity in which the company operates, level of investments in fixed or current assets, corporate governance and corporate social responsibility index. In what concerns the link between fiscal pressure and company size, there are two different points of view: one that claims that large companies are subject to greater public scrutiny and therefore bear a "political cost" in the form of higher effective tax rates, and the other which considers that large companies pay less taxes because they allot more resources to tax planning. This study aims to analyse the extent to which the level of fiscal pressure is influenced by the size of companies in our country, particularly those listed on the BVB (Bucharest Stock Exchange), a characteristic defined by three indicators: turnover, average number of employees and total assets held by companies. Regarding the level of fiscal pressure, the variables used in the analysis include the effective tax rate, calculated using calculation formulas that include both current corporate income tax expense and deferred tax expense. Since corporate income tax is only a part of the total taxes and duties that the company has to bear, the research was extended to an indicator that includes in addition to corporate income tax, other expenses incurred by companies as well, respectively those related to contributions for their employees, but also expenses with other taxes and duties due to the state budget.
{"title":"Influence of some Characteristics of Listed Companies on Fiscal Pressure","authors":"Carmen Valcu","doi":"10.20869/auditf/2022/167/019","DOIUrl":"https://doi.org/10.20869/auditf/2022/167/019","url":null,"abstract":"Numerous studies in the national and international literature highlight the link between fiscal pressure and various characteristics of companies, such as: company size, level of indebtedness, field of activity in which the company operates, level of investments in fixed or current assets, corporate governance and corporate social responsibility index. In what concerns the link between fiscal pressure and company size, there are two different points of view: one that claims that large companies are subject to greater public scrutiny and therefore bear a \"political cost\" in the form of higher effective tax rates, and the other which considers that large companies pay less taxes because they allot more resources to tax planning. This study aims to analyse the extent to which the level of fiscal pressure is influenced by the size of companies in our country, particularly those listed on the BVB (Bucharest Stock Exchange), a characteristic defined by three indicators: turnover, average number of employees and total assets held by companies. Regarding the level of fiscal pressure, the variables used in the analysis include the effective tax rate, calculated using calculation formulas that include both current corporate income tax expense and deferred tax expense. Since corporate income tax is only a part of the total taxes and duties that the company has to bear, the research was extended to an indicator that includes in addition to corporate income tax, other expenses incurred by companies as well, respectively those related to contributions for their employees, but also expenses with other taxes and duties due to the state budget.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44511074","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-28DOI: 10.20869/auditf/2022/167/017
Scholar Sagar Adhau, Arumugan Seetharaman, K. Maddulety, Priti Bakhshi
Considering the stakeholders’ increasing demand for more information, the International Auditing and Assurance Standard Board, in its quest to bridge the expectation gap, introduced a new expanded audit report format. However, whether this new audit report format is effective in meeting stakeholders’ needs is a significant question that regulators, standard setters and academics are interested in evaluating. This paper aims to examine the impact of the expanded auditor’s reports on stakeholders. The study adopts a qualitative approach and is based on an assessment of previous research conducted on the new audit report standards and the audit report’s implications for stakeholders. The research findings suggest that the inclusion of enhanced information on auditor’s responsibility, understandability of audit report information and the addition of critical information and post- implementation experience are important aspects influencing the effectiveness of the auditor’s report. This study contributes with some key elements that can be helpful to standard setters, regulators, and academics who intend to develop recommendations to make auditor's reports more robust and effective for end-users.
{"title":"The Impact of an Expanded Auditor’s Report on the Stakeholders","authors":"Scholar Sagar Adhau, Arumugan Seetharaman, K. Maddulety, Priti Bakhshi","doi":"10.20869/auditf/2022/167/017","DOIUrl":"https://doi.org/10.20869/auditf/2022/167/017","url":null,"abstract":"Considering the stakeholders’ increasing demand for more information, the International Auditing and Assurance Standard Board, in its quest to bridge the expectation gap, introduced a new expanded audit report format. However, whether this new audit report format is effective in meeting stakeholders’ needs is a significant question that regulators, standard setters and academics are interested in evaluating. This paper aims to examine the impact of the expanded auditor’s reports on stakeholders. The study adopts a qualitative approach and is based on an assessment of previous research conducted on the new audit report standards and the audit report’s implications for stakeholders. The research findings suggest that the inclusion of enhanced information on auditor’s responsibility, understandability of audit report information and the addition of critical information and post- implementation experience are important aspects influencing the effectiveness of the auditor’s report. This study contributes with some key elements that can be helpful to standard setters, regulators, and academics who intend to develop recommendations to make auditor's reports more robust and effective for end-users.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41652181","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-07-28DOI: 10.20869/auditf/2022/167/016
Andreea Claudia Crucean, C. Hațegan
Audit fees are among the essential concerns of audit firms and regulators. The paper's objective is to analyze the evolution of audit fees collected by auditors. Based on the data included in the Audit Analytics database, a sample of 1927 distinct companies was selected. 24921 observations were reported, representing audit fees from 2009 to 2020. The research showed that the audit market was concentrated around Big4 auditors, whose number increased directly to the number of issued reports. Most of the audited companies were in the field of Finance, insurance, and real estate (28%) and in the field of Production (32%), the majority being headquartered in the United Kingdom and France. The evolution of audit fees fluctuated during the analyzed period, but the trend of the average fee was decreasing. The share of fees was 58.6% for performing audit missions and 40.4% for non- audit services. The evolution of the average fee was inversely proportional to the value of the declared income and assets and the audit fees collected by the auditors. Therefore, the level of fees should be correlated with the volume of auditors' activity, the industries' complexity and the financial performance of the companies.
{"title":"Evolution of Audit Fees - Perspective on Auditors` Risks","authors":"Andreea Claudia Crucean, C. Hațegan","doi":"10.20869/auditf/2022/167/016","DOIUrl":"https://doi.org/10.20869/auditf/2022/167/016","url":null,"abstract":"Audit fees are among the essential concerns of audit firms and regulators. The paper's objective is to analyze the evolution of audit fees collected by auditors. Based on the data included in the Audit Analytics database, a sample of 1927 distinct companies was selected. 24921 observations were reported, representing audit fees from 2009 to 2020. The research showed that the audit market was concentrated around Big4 auditors, whose number increased directly to the number of issued reports. Most of the audited companies were in the field of Finance, insurance, and real estate (28%) and in the field of Production (32%), the majority being headquartered in the United Kingdom and France. The evolution of audit fees fluctuated during the analyzed period, but the trend of the average fee was decreasing. The share of fees was 58.6% for performing audit missions and 40.4% for non- audit services. The evolution of the average fee was inversely proportional to the value of the declared income and assets and the audit fees collected by the auditors. Therefore, the level of fees should be correlated with the volume of auditors' activity, the industries' complexity and the financial performance of the companies.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-07-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49509839","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-20DOI: 10.20869/auditf/2022/166/013
J. A. A. Gellidon, Yanuar Nanok Soenarno
Levels of credit risk or credit quality, which can be measured by the ratio of non-performing loans (NPL), can be seen as a form of representation in companies, particularly in the banking sector. The purpose of this study is to determine the impact of Sustainability Report disclosure, specifically in each dimension of economic, environmental, and social disclosure, on the credit risk level of each banking company in Indonesia, Singapore, and Malaysia, as measured by the NPL ratio. The effect of Sustainability Reporting disclosure on NPL is consistent with the use of stakeholder, legitimacy, and signalling theories, where the three theories are related and explain to each other that a company does not only function for its own benefit, but also for other stakeholders. This study collected 129 samples from banking sector companies in Indonesia, Singapore, and Malaysia over a three-year period, from 2018 to 2020, using the purposive sampling method. Multiple linear regression was also utilized to evaluate and determine the impact of each component of the Sustainability Report disclosure on the NPL ratio, as well as other control variables. According to the study's findings, the overall disclosure of the Sustainability Report has a significant influence on the NPL ratio in Indonesian and Singaporean banking sector companies, but not in Malaysian companies. Although partially, economic disclosure has a negative and significant impact on NPL in Singapore, whereas environmental disclosure only has an impact on the NPL ratio in Malaysia, and the final factor is the impact of social disclosure, which has a negative and significant impact on NPL in Indonesia.
{"title":"Comparative Study of Sustainability Reporting on the Banking Industry in Several Countries","authors":"J. A. A. Gellidon, Yanuar Nanok Soenarno","doi":"10.20869/auditf/2022/166/013","DOIUrl":"https://doi.org/10.20869/auditf/2022/166/013","url":null,"abstract":"Levels of credit risk or credit quality, which can be measured by the ratio of non-performing loans (NPL), can be seen as a form of representation in companies, particularly in the banking sector. The purpose of this study is to determine the impact of Sustainability Report disclosure, specifically in each dimension of economic, environmental, and social disclosure, on the credit risk level of each banking company in Indonesia, Singapore, and Malaysia, as measured by the NPL ratio. The effect of Sustainability Reporting disclosure on NPL is consistent with the use of stakeholder, legitimacy, and signalling theories, where the three theories are related and explain to each other that a company does not only function for its own benefit, but also for other stakeholders. This study collected 129 samples from banking sector companies in Indonesia, Singapore, and Malaysia over a three-year period, from 2018 to 2020, using the purposive sampling method. Multiple linear regression was also utilized to evaluate and determine the impact of each component of the Sustainability Report disclosure on the NPL ratio, as well as other control variables. According to the study's findings, the overall disclosure of the Sustainability Report has a significant influence on the NPL ratio in Indonesian and Singaporean banking sector companies, but not in Malaysian companies. Although partially, economic disclosure has a negative and significant impact on NPL in Singapore, whereas environmental disclosure only has an impact on the NPL ratio in Malaysia, and the final factor is the impact of social disclosure, which has a negative and significant impact on NPL in Indonesia.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49493263","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-20DOI: 10.20869/auditf/2022/166/008
Dragoş Ovidiu Tofan, Dinu Airinei
The crisis of the qualified labor force both on the Romanian and foreign market, as well as the need for profitability determined the companies to find alternative solutions for optimizing the internal processes. Robotic Process Automation – RPA technologies bring solutions applicable in context by computer replication of human behavior and by automating the repetitive and usual tasks of employees. Predictably, the audit can be integrated as a perfect client for such offers, especially in terms of mission-specific risks through complete data analysis, due to analytical capabilities clearly superior to traditional ones. Given the extremely important role that an audit opinion has in front of all stakeholders, the involvement of RPA in carrying out work missions must, however, comply with certain rules of professional skepticism and interpretation of the results of financial-accounting analysis. The article supports the idea of automating audit processes through RPA and elaborates a realistic assessment of all the components and efforts that such an approach entails.
{"title":"Audit Process Automation – between Vision and Realism","authors":"Dragoş Ovidiu Tofan, Dinu Airinei","doi":"10.20869/auditf/2022/166/008","DOIUrl":"https://doi.org/10.20869/auditf/2022/166/008","url":null,"abstract":"The crisis of the qualified labor force both on the Romanian and foreign market, as well as the need for profitability determined the companies to find alternative solutions for optimizing the internal processes. Robotic Process Automation – RPA technologies bring solutions applicable in context by computer replication of human behavior and by automating the repetitive and usual tasks of employees. Predictably, the audit can be integrated as a perfect client for such offers, especially in terms of mission-specific risks through complete data analysis, due to analytical capabilities clearly superior to traditional ones. Given the extremely important role that an audit opinion has in front of all stakeholders, the involvement of RPA in carrying out work missions must, however, comply with certain rules of professional skepticism and interpretation of the results of financial-accounting analysis. The article supports the idea of automating audit processes through RPA and elaborates a realistic assessment of all the components and efforts that such an approach entails.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2022-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49251013","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2022-04-20DOI: 10.20869/auditf/2022/166/010
Maria Grosu, I. Robu, Costel Istrate, Marinela Istrate
Gender differences can be explained by the level of development of a state, by the perception of employers, but also by the attitude of men and women towards the labor market. In recent years, more and more women are working in the accounting and auditing profession, but not necessarily in top-management. The quality of engagements in the field of accounting and auditing can be influenced by the characteristics that women can have compared to men, to be more conservativ, attentive, rigorous, with a great capacity for work, practicality and sociability. This study aims to what extent the existence of gender differences influences the quality of audit engagements in Romania, performed at the level of companies listed on the Bucharest Stock Exchange – Regulated Market. As a variable, the quality of the audit is determined by using a model for estimating discretionary accruals, taking into account the type of audit opinion. The results show that the probability of expression a modified opinion is significantly influenced by the detection of accounting distortions in the conditions of gender differences.
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