Pub Date : 2022-04-20DOI: 10.20869/auditf/2022/166/011
Ivan Dionisijev, Zorica Bozhinovska Lazarevska
The COVID-19 pandemic has left no area in the society that has not been affected. For auditing the spending of public money, especially in times of uncertainties imposed by the COVID-19 pandemic, the state audit is a crucial factor, hence the synonym for state audit is "watchdog of public money". The activities related to the state audit in the Republic of North Macedonia are performed by the State Audit Office (SAO), as the Supreme Audit Institution. This paper attempts to investigate the impact of the COVID-19 pandemic on the state audit in the Republic of North Macedonia, through the state auditors' perception of the COVID-19 pandemic impact on the dynamics and the scope of SAO activities, with a special focus on ethical dilemmas and expectations for the post-covid period and what have the state auditors specifically learned from the crisis. For that purpose, a structured and detailed survey was submitted to all state auditors in the Republic of North Macedonia, covering all aspects of the audit process, the independence of the State Audit Office, changes in the environment, and the post-covid period. The obtained answers are analyzed through `descriptive statistics` and `analysis of variance`. In general, it can be concluded that the state auditors have retained their independence and the quality of conducting audits during the pandemic.
{"title":"The Impact of Covid-19 on the State Audit in the Republic of North Macedonia - Lessons from the Crisis","authors":"Ivan Dionisijev, Zorica Bozhinovska Lazarevska","doi":"10.20869/auditf/2022/166/011","DOIUrl":"https://doi.org/10.20869/auditf/2022/166/011","url":null,"abstract":"The COVID-19 pandemic has left no area in the society that has not been affected. For auditing the spending of public money, especially in times of uncertainties imposed by the COVID-19 pandemic, the state audit is a crucial factor, hence the synonym for state audit is \"watchdog of public money\". The activities related to the state audit in the Republic of North Macedonia are performed by the State Audit Office (SAO), as the Supreme Audit Institution. This paper attempts to investigate the impact of the COVID-19 pandemic on the state audit in the Republic of North Macedonia, through the state auditors' perception of the COVID-19 pandemic impact on the dynamics and the scope of SAO activities, with a special focus on ethical dilemmas and expectations for the post-covid period and what have the state auditors specifically learned from the crisis. For that purpose, a structured and detailed survey was submitted to all state auditors in the Republic of North Macedonia, covering all aspects of the audit process, the independence of the State Audit Office, changes in the environment, and the post-covid period. The obtained answers are analyzed through `descriptive statistics` and `analysis of variance`. In general, it can be concluded that the state auditors have retained their independence and the quality of conducting audits during the pandemic.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48349685","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/2022/166/009
Mehdi Bouchetara
This study aims to identify the impact of the digitalization of accounting information systems on the quality of accounting information, as applied to accountant experts. The importance of this study lies in the fact of knowing if the use of an AIS (Accounting Information System) within an organization makes that the quality of this accounting information in question is positively affected or not, in the case of Algeria. The author targeted a sample of 345 public accountants for whom a questionnaire was designed and distributed online. There were 181 responses accepted for the analysis process. To obtain relevant and representative results of the study, a simple linear regression with the SPSS software was performed. The results indicate that the computerization of the accounting information system has a significant impact on the quality of the accounting information.
{"title":"The Impact of Digitalization on the Quality of Accounting Information. The Case of Algeria","authors":"Mehdi Bouchetara","doi":"10.20869/auditf/2022/166/009","DOIUrl":"https://doi.org/10.20869/auditf/2022/166/009","url":null,"abstract":"This study aims to identify the impact of the digitalization of accounting information systems on the quality of accounting information, as applied to accountant experts. The importance of this study lies in the fact of knowing if the use of an AIS (Accounting Information System) within an organization makes that the quality of this accounting information in question is positively affected or not, in the case of Algeria. The author targeted a sample of 345 public accountants for whom a questionnaire was designed and distributed online. There were 181 responses accepted for the analysis process. To obtain relevant and representative results of the study, a simple linear regression with the SPSS software was performed. The results indicate that the computerization of the accounting information system has a significant impact on the quality of the accounting information.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45564695","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/2022/166/012
Teodora Porumbăcean, Adriana Tiron Tudor
In recent years, the auditor reporting model suffered several relevant modifications, one being related to the communication of Key Audit Matters (KAMs). By better understanding what factors can affect the number of disclosed items, the users of the audit report can gain more trust in the work performed by the auditors. The measurement of the number of KAMs contributes to the overall understanding of the company’s risk level as they provide financial statement users with relevant information about significant estimates and risks reported in the financial statements. The paper aims to determine the variables from quantitative empirical studies influencing the number of disclosed Key Audit Matters in the auditor’s independent report by conducting a structured literature review of the relevant academic research papers. Our findings reveal that factors such as audit committee characteristics and financial expertise, auditor and client general characteristics and accounting aspects, gender of the audit partner, the measurement uncertainty together with the country of the audited company and audit market structure, all have an impact on the number of disclosed KAMs.
{"title":"An Inquiry of Empirical Quantitative Studies about what Influences the Key Audit Matters` Number","authors":"Teodora Porumbăcean, Adriana Tiron Tudor","doi":"10.20869/auditf/2022/166/012","DOIUrl":"https://doi.org/10.20869/auditf/2022/166/012","url":null,"abstract":"In recent years, the auditor reporting model suffered several relevant modifications, one being related to the communication of Key Audit Matters (KAMs). By better understanding what factors can affect the number of disclosed items, the users of the audit report can gain more trust in the work performed by the auditors. The measurement of the number of KAMs contributes to the overall understanding of the company’s risk level as they provide financial statement users with relevant information about significant estimates and risks reported in the financial statements. The paper aims to determine the variables from quantitative empirical studies influencing the number of disclosed Key Audit Matters in the auditor’s independent report by conducting a structured literature review of the relevant academic research papers. Our findings reveal that factors such as audit committee characteristics and financial expertise, auditor and client general characteristics and accounting aspects, gender of the audit partner, the measurement uncertainty together with the country of the audited company and audit market structure, all have an impact on the number of disclosed KAMs.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42624973","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/2022/166/007
A. Burlaud, M. Niculescu
The question of authority can take various forms and have different purposes. The exercise of authority influences behaviors, changes practices, transforms realities, and, by avoiding chaos, brings intellectual comfort to those who submit to it by leaving it to others, i.e., those who possess authority, the task of asking questions and sometimes finding satisfactory answers. The paper highlights the multiple perspectives of a definition of the concept of authority, to then reflect on the authority and legitimacy of accounting rules and regulations. This is because if confidence is essential in trade, it is just as essential in accounting matters. In this regard the authors consider that it would be more useful to deal with the substance of the problem and to address the underlying or implicit assumptions that made it possible to produce the accounting information. Thus, the accounting can be perceived as a legitimate and effective authority which contributes to a climate of trust.
{"title":"Reflections on the Concept of Authority: The Case of Accounting Standards and Standards Setting","authors":"A. Burlaud, M. Niculescu","doi":"10.20869/auditf/2022/166/007","DOIUrl":"https://doi.org/10.20869/auditf/2022/166/007","url":null,"abstract":"The question of authority can take various forms and have different purposes. The exercise of authority influences behaviors, changes practices, transforms realities, and, by avoiding chaos, brings intellectual comfort to those who submit to it by leaving it to others, i.e., those who possess authority, the task of asking questions and sometimes finding satisfactory answers. The paper highlights the multiple perspectives of a definition of the concept of authority, to then reflect on the authority and legitimacy of accounting rules and regulations. This is because if confidence is essential in trade, it is just as essential in accounting matters. In this regard the authors consider that it would be more useful to deal with the substance of the problem and to address the underlying or implicit assumptions that made it possible to produce the accounting information. Thus, the accounting can be perceived as a legitimate and effective authority which contributes to a climate of trust.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-04-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47710439","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 : 2021-10-29DOI: 10.20869/auditf/2021/164/025
Teodora Porumbăcean, Adriana Tiron-Tudor
The disclosure of KAMs contribute to the increase of financial-reporting quality, the value of the audit report and implicit interest in it. Moreover, KAM’s disclosure has a positive influence over the expectation gap between the auditors and other users of the audit report and financial statements. This study aims to identify relevant drivers influencing the Key Audit Matters (KAMs) disclosed in the audit report, based on a review of the articles published in top accounting journals. Our results reveal the fact that the audited company itself especially influences the disclosure of the KAMs, emphasizing the size of the company, the complexity of the business, the applicable regulation of the industry in which the company operates, all of which impact the overall client-risk level. Other relevant factors are the accounting standards with which the company must comply and on which it must report, the audit company (‘Big Four’ or not) and the audited company’s location.
{"title":"Factors Influencing KAM Reporting: A Structured Literature Review","authors":"Teodora Porumbăcean, Adriana Tiron-Tudor","doi":"10.20869/auditf/2021/164/025","DOIUrl":"https://doi.org/10.20869/auditf/2021/164/025","url":null,"abstract":"The disclosure of KAMs contribute to the increase of financial-reporting quality, the value of the audit report and implicit interest in it. Moreover, KAM’s disclosure has a positive influence over the expectation gap between the auditors and other users of the audit report and financial statements. This study aims to identify relevant drivers influencing the Key Audit Matters (KAMs) disclosed in the audit report, based on a review of the articles published in top accounting journals. Our results reveal the fact that the audited company itself especially influences the disclosure of the KAMs, emphasizing the size of the company, the complexity of the business, the applicable regulation of the industry in which the company operates, all of which impact the overall client-risk level. Other relevant factors are the accounting standards with which the company must comply and on which it must report, the audit company (‘Big Four’ or not) and the audited company’s location.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46795051","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 : 2021-10-29DOI: 10.20869/auditf/2021/164/026
George Aevoae, I. Robu, Roxana Dicu, I. Herghiligiu
As a part of their strategic transactions, corporations often acquire stakes in other companies that do not grant them control, but allow them to use their resources to increase their profitability, access technological progress and innovation, develop products, or obtain dividends. The main objective of this paper is to identify the factors influencing the behavior of acquirers who buy securities in the capital of the target companies, listed on Bucharest Stock Exchange, without intending to control them. The study aims to describe two dimensions of the buyers' behavior, when they buy shares that do not lead to the control of the target companies (below 50%). The first dimension refers to the buyer's decision to invest in a certain share of capital, influenced by the profitability of the target company and its market capitalization (dimensions of their performance), but also by the audit opinion on the annual financial statements. The relationship is positive and significant. The second dimension focuses on the decision of the acquirers to invest or not in a blue-chip company (top companies, considered the most efficient and stable on the financial market), with the main purpose of obtaining dividends or trading the respective securities on the capital market, in order to generate cash flows. The result shows that investors buy small shares in blue chip companies, compared to other companies, taking into account their performance and the audit opinion on the annual financial statements.
{"title":"Can the Audit Opinion Influence the Portfolio Investment Decisions? The Case of Listed companies","authors":"George Aevoae, I. Robu, Roxana Dicu, I. Herghiligiu","doi":"10.20869/auditf/2021/164/026","DOIUrl":"https://doi.org/10.20869/auditf/2021/164/026","url":null,"abstract":"As a part of their strategic transactions, corporations often acquire stakes in other companies that do not grant them control, but allow them to use their resources to increase their profitability, access technological progress and innovation, develop products, or obtain dividends. The main objective of this paper is to identify the factors influencing the behavior of acquirers who buy securities in the capital of the target companies, listed on Bucharest Stock Exchange, without intending to control them. The study aims to describe two dimensions of the buyers' behavior, when they buy shares that do not lead to the control of the target companies (below 50%). The first dimension refers to the buyer's decision to invest in a certain share of capital, influenced by the profitability of the target company and its market capitalization (dimensions of their performance), but also by the audit opinion on the annual financial statements. The relationship is positive and significant. The second dimension focuses on the decision of the acquirers to invest or not in a blue-chip company (top companies, considered the most efficient and stable on the financial market), with the main purpose of obtaining dividends or trading the respective securities on the capital market, in order to generate cash flows. The result shows that investors buy small shares in blue chip companies, compared to other companies, taking into account their performance and the audit opinion on the annual financial statements.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45384119","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 : 2021-10-29DOI: 10.20869/auditf/2021/164/022
D. Botez
On July 15th 1921, the Official Journal of Romania witnessed the publication of the Law on the organization of the Body of Licensed and Expert Accountants. The longtime wish of higher school of business graduates thus became true, they established their first association in 1888. Since then, until the law was published, the regulation of the accountancy profession was the main topic of various discussions and attitudes, of several pleadings addressed to public authorities and debates held at the meetings of a multitude of institutes representing these graduates’ interests, grouped within the Union of Business Schools Graduates, subsequently the Body of Higher Schools of Business Graduates, which acquired legal personality in 1916. There were also other subjects, directly related to accountants’ activity, that drew the graduates’ attention, both before and after the law was published, such as: censors’ statute, accounting expertise, visas on trade registers; business education reform; the Body’s relations with authorities. A number of public figures linked their faith to asserting the accountancy profession, its regulation and the ongoing representation of its interests. We should mention here, among many other, Nicolae Butculescu, I. St. Rasidescu, Vasile M. Ioachim, Petru Drăgănescu-Brateş, Grigore Trancu-Iaşi, George Alesseanu, Spiridon Iacobescu, Alexandru Sorescu. An important activity of the Body was the organisation of congresses. They began taking place every two years, uninterruptedly, starting 1923 until 1939. The activity of the Body of Expert and Licensed Accountants was influenced by the political and social events of its time, especially since 1935. Beginning with 1940, its activity saw a significant decrease.
{"title":"Regulation of the Romanian Accountancy Profession – 100 Years Celebration. A History Lesson for Today’s Professionals","authors":"D. Botez","doi":"10.20869/auditf/2021/164/022","DOIUrl":"https://doi.org/10.20869/auditf/2021/164/022","url":null,"abstract":"On July 15th 1921, the Official Journal of Romania witnessed the publication of the Law on the organization of the Body of Licensed and Expert Accountants. The longtime wish of higher school of business graduates thus became true, they established their first association in 1888. Since then, until the law was published, the regulation of the accountancy profession was the main topic of various discussions and attitudes, of several pleadings addressed to public authorities and debates held at the meetings of a multitude of institutes representing these graduates’ interests, grouped within the Union of Business Schools Graduates, subsequently the Body of Higher Schools of Business Graduates, which acquired legal personality in 1916. There were also other subjects, directly related to accountants’ activity, that drew the graduates’ attention, both before and after the law was published, such as: censors’ statute, accounting expertise, visas on trade registers; business education reform; the Body’s relations with authorities. A number of public figures linked their faith to asserting the accountancy profession, its regulation and the ongoing representation of its interests. We should mention here, among many other, Nicolae Butculescu, I. St. Rasidescu, Vasile M. Ioachim, Petru Drăgănescu-Brateş, Grigore Trancu-Iaşi, George Alesseanu, Spiridon Iacobescu, Alexandru Sorescu. An important activity of the Body was the organisation of congresses. They began taking place every two years, uninterruptedly, starting 1923 until 1939. The activity of the Body of Expert and Licensed Accountants was influenced by the political and social events of its time, especially since 1935. Beginning with 1940, its activity saw a significant decrease.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46876009","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 : 2021-10-29DOI: 10.20869/auditf/2021/164/024
O. Bunget, A. Dumitrescu, R. Blidişel, Oana Bogdan, Valentin Burca
The audit market, developed out of the need to strengthen the credibility and the quality of financial reporting, has led since the 1980s to a concentration around large audit firms, the dominance effect being marked on the one hand by the auditor’s increasing reputation and notoriety, and on the other hand by the client’s association with a reputed auditor, which contributes to improving the company’s image on the market. In this context, a major issue is represented by the level of the fees charged, as they represent key elements that may affect the auditor’s independence. Moreover, a sensitive aspect is the relationship between the fee charged for financial audit services and the one for non-audit services and the compensation practices between them. The European Commission wants to facilitate competition in an overly concentrated market and also provide the opportunity for small and medium-sized audit firms to become active players in the large corporate audit market through joint audit, in which at least one of the audit firms is not part of the Big4 group. The mandatory audit firm rotation and the limitation on the non-audit services provided are the main aspects of the recent audit reform that directly influences the fee level. The main purpose of this study is to analyse whether there is a pattern of audit costs at the community level. In this context, this paper aims to assess the uniformity of audit costs, namely to determine the structure of the audit market in the European Union. The research involves data set comparison methods, by analysing a sample of 2,896 firms listed on the stock exchange in 35 different states over the period 2013-2021.
{"title":"Aspects Regarding the Structure of the Financial Audit Market in the European Union from Fees Perspective","authors":"O. Bunget, A. Dumitrescu, R. Blidişel, Oana Bogdan, Valentin Burca","doi":"10.20869/auditf/2021/164/024","DOIUrl":"https://doi.org/10.20869/auditf/2021/164/024","url":null,"abstract":"The audit market, developed out of the need to strengthen the credibility and the quality of financial reporting, has led since the 1980s to a concentration around large audit firms, the dominance effect being marked on the one hand by the auditor’s increasing reputation and notoriety, and on the other hand by the client’s association with a reputed auditor, which contributes to improving the company’s image on the market. In this context, a major issue is represented by the level of the fees charged, as they represent key elements that may affect the auditor’s independence. Moreover, a sensitive aspect is the relationship between the fee charged for financial audit services and the one for non-audit services and the compensation practices between them. The European Commission wants to facilitate competition in an overly concentrated market and also provide the opportunity for small and medium-sized audit firms to become active players in the large corporate audit market through joint audit, in which at least one of the audit firms is not part of the Big4 group. The mandatory audit firm rotation and the limitation on the non-audit services provided are the main aspects of the recent audit reform that directly influences the fee level. The main purpose of this study is to analyse whether there is a pattern of audit costs at the community level. In this context, this paper aims to assess the uniformity of audit costs, namely to determine the structure of the audit market in the European Union. The research involves data set comparison methods, by analysing a sample of 2,896 firms listed on the stock exchange in 35 different states over the period 2013-2021.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47920343","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 : 2021-10-29DOI: 10.20869/auditf/2021/164/027
B. Ionescu, Laura-Eugenia-Lavinia Barna
The objective of this paper is to observe the possibility of digitizing the accounting and auditing profession by implementing ERP systems, as a result of massive changes in technology over time. The purpose of this paper is to add value to the literature, given the positive or negative aspects of the digitization of the accounting and auditing profession using information systems such as ERP. ERP systems such as information systems have a key role in managing and conducting accounting and auditing, providing support to professional accountants and auditors. The research method used to identify the possibility of digitizing the accounting and auditing profession through ERP information systems is based on the analysis of the archive (literature review), collecting data and information from selected articles from different databases. Following the study, the authors concluded that the accounting and auditing profession can be digitized through the use of ERP information systems, as it allows the automation of a large number of tasks, and the information processed with these systems is much more transparent and accurate.
{"title":"Digitalization in the Accounting and Auditing Profession through ERP Systems","authors":"B. Ionescu, Laura-Eugenia-Lavinia Barna","doi":"10.20869/auditf/2021/164/027","DOIUrl":"https://doi.org/10.20869/auditf/2021/164/027","url":null,"abstract":"The objective of this paper is to observe the possibility of digitizing the accounting and auditing profession by implementing ERP systems, as a result of massive changes in technology over time. The purpose of this paper is to add value to the literature, given the positive or negative aspects of the digitization of the accounting and auditing profession using information systems such as ERP. ERP systems such as information systems have a key role in managing and conducting accounting and auditing, providing support to professional accountants and auditors. The research method used to identify the possibility of digitizing the accounting and auditing profession through ERP information systems is based on the analysis of the archive (literature review), collecting data and information from selected articles from different databases. Following the study, the authors concluded that the accounting and auditing profession can be digitized through the use of ERP information systems, as it allows the automation of a large number of tasks, and the information processed with these systems is much more transparent and accurate.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48886664","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 : 2021-10-29DOI: 10.20869/auditf/2021/164/023
Maria Manolescu, G. Petre, Alexandra Lazăr
Through this paper, the authors want to mark the centenary of the accounting profession in our country (1921-2021). They aim to analyze the evolution of financial reporting, at the national level, in the last three decades, parallel to the natural development of the accounting profession and to bring into the spotlights: – how developments at the national level have kept pace with the ever-changing European and international financial reporting requirements; – the current challenges for the accounting profession in general and financial auditors, in particular, generated by the frequent and particularly complex changes of international standards in the field, changes generated precisely by the need to strengthen the quality of the information provided by financial reporting; – the natural steps to be taken to strengthen professional cooperation and collaboration within and in the interest of the accounting profession, to respond effectively to the expectations of all stakeholders in the development of financial reporting.
{"title":"Valences of Financial Reporting According to IFRS. Up-to-Date Challenges for Financial Auditors","authors":"Maria Manolescu, G. Petre, Alexandra Lazăr","doi":"10.20869/auditf/2021/164/023","DOIUrl":"https://doi.org/10.20869/auditf/2021/164/023","url":null,"abstract":"Through this paper, the authors want to mark the centenary of the accounting profession in our country (1921-2021). They aim to analyze the evolution of financial reporting, at the national level, in the last three decades, parallel to the natural development of the accounting profession and to bring into the spotlights: – how developments at the national level have kept pace with the ever-changing European and international financial reporting requirements; – the current challenges for the accounting profession in general and financial auditors, in particular, generated by the frequent and particularly complex changes of international standards in the field, changes generated precisely by the need to strengthen the quality of the information provided by financial reporting; – the natural steps to be taken to strengthen professional cooperation and collaboration within and in the interest of the accounting profession, to respond effectively to the expectations of all stakeholders in the development of financial reporting.","PeriodicalId":30958,"journal":{"name":"Audit Financiar","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2021-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42419876","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}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：