Pub Date : 2019-01-01DOI: 10.35248/2472-114x.19.7.198
F. Mahaluça, Gilda Chissengue, Jerónimo Uamba, I. Pereira, Emidio Mabjaia, Alfeu Vilanculos
Background: Sampling is an important tool considered viable and indispensable for the execution of auditing procedures, since they provide scientific evidence about the universe as a whole and can be used in all types of auditing, becoming tools of great interest, which is why we chose this study. The present study aims to analyze the importance of the application of statistical sampling in increasing the confidence of the financial statements. Methods: This was a descriptive, quantitative bibliographic study of secondary data that has as a source of research filtering in the search sites Wiley Online Library, Science Direct, American Accounting Association and Google Scholar, using as descriptors: financial audit, statistical sampling, audit sampling, financial demonstrations and accounting. Results: Of the 40 articles analyzed, 30% are from the Asian region, 28% from North America, 18% from Europe, 15% from Latin America and 10% from Africa. Convenience sampling was the most predominant with 57.5%. All articles published by African authors used sampling for convenience. Statistical sampling was more prevalent in North American and European articles. The Chi-Square test shows the lack of a provenance relationship between the preference for the type of sampling and the region. Conclusions: The use of statistical sampling does not relegate the auditor’s judgment to the background but it allows the risk of sampling to be measured. Through statistical tools, the auditor can specify the audit risk he or she wants to run, and the sample size is a reflection of risk.
{"title":"Importance of Applying Statistical Sampling to Increase Confidence in Financial Statements","authors":"F. Mahaluça, Gilda Chissengue, Jerónimo Uamba, I. Pereira, Emidio Mabjaia, Alfeu Vilanculos","doi":"10.35248/2472-114x.19.7.198","DOIUrl":"https://doi.org/10.35248/2472-114x.19.7.198","url":null,"abstract":"Background: Sampling is an important tool considered viable and indispensable for the execution of auditing procedures, since they provide scientific evidence about the universe as a whole and can be used in all types of auditing, becoming tools of great interest, which is why we chose this study. The present study aims to analyze the importance of the application of statistical sampling in increasing the confidence of the financial statements. Methods: This was a descriptive, quantitative bibliographic study of secondary data that has as a source of research filtering in the search sites Wiley Online Library, Science Direct, American Accounting Association and Google Scholar, using as descriptors: financial audit, statistical sampling, audit sampling, financial demonstrations and accounting. Results: Of the 40 articles analyzed, 30% are from the Asian region, 28% from North America, 18% from Europe, 15% from Latin America and 10% from Africa. Convenience sampling was the most predominant with 57.5%. All articles published by African authors used sampling for convenience. Statistical sampling was more prevalent in North American and European articles. The Chi-Square test shows the lack of a provenance relationship between the preference for the type of sampling and the region. Conclusions: The use of statistical sampling does not relegate the auditor’s judgment to the background but it allows the risk of sampling to be measured. Through statistical tools, the auditor can specify the audit risk he or she wants to run, and the sample size is a reflection of risk.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87378658","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 : 2019-01-01DOI: 10.35248/2472-114x.19.7.194
Anam Batool, A. Sahi
The economy as well as insurance industry of USA and UK face decline during last decade. The researcher compares two insurance industries, analysis possible determinants of financial performance during global financial crisis, collected 24 insurance companies’ Quarterly data from 2007-16 and applied panel data techniques. Explanatory variables based on internal (Size of firm, liquidity, leverage and asset turnover) and external factors (GDP (Gross Domestic Product), CPI (Cost per Impression), interest rate and WTI (West Texas Intermediate)). Dependent variable: ROA (Return on Assets) and ROE (Return on Equity) (profitability indicators). This study concludes; In USA size of firm, liquidity, leverage, asset turnover, GDP and WTI have positive while CPI and interest rate have negative significant impact. In UK size of firm, liquidity, GDP, CPI and WTI have positive but leverage, asset turnover and interest rate has negative significant impact; US insurance is efficient as compare to UK. These findings will be helpful for insurance industries, government, policymakers and investors in taking decision and improving the performance.
{"title":"Determinants of Financial Performance of Insurance Companies of USA and UK during Global Financial Crisis (2007-2016)","authors":"Anam Batool, A. Sahi","doi":"10.35248/2472-114x.19.7.194","DOIUrl":"https://doi.org/10.35248/2472-114x.19.7.194","url":null,"abstract":"The economy as well as insurance industry of USA and UK face decline during last decade. The researcher compares two insurance industries, analysis possible determinants of financial performance during global financial crisis, collected 24 insurance companies’ Quarterly data from 2007-16 and applied panel data techniques. Explanatory variables based on internal (Size of firm, liquidity, leverage and asset turnover) and external factors (GDP (Gross Domestic Product), CPI (Cost per Impression), interest rate and WTI (West Texas Intermediate)). Dependent variable: ROA (Return on Assets) and ROE (Return on Equity) (profitability indicators). This study concludes; In USA size of firm, liquidity, leverage, asset turnover, GDP and WTI have positive while CPI and interest rate have negative significant impact. In UK size of firm, liquidity, GDP, CPI and WTI have positive but leverage, asset turnover and interest rate has negative significant impact; US insurance is efficient as compare to UK. These findings will be helpful for insurance industries, government, policymakers and investors in taking decision and improving the performance.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83366901","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 : 2019-01-01DOI: 10.35248/2472-114x.18.6.181
Muhammad Farhan Sarwar
{"title":"Impact of Profitability on Market Size of Islamic Banking of Pakistan","authors":"Muhammad Farhan Sarwar","doi":"10.35248/2472-114x.18.6.181","DOIUrl":"https://doi.org/10.35248/2472-114x.18.6.181","url":null,"abstract":"","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85985538","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}
Al-Dulemi , Khalil, Al-Shabatat , Issam Osama Ahmad
{"title":"The Impact of Corporate Governance Tools in the Reduction of Creative Accounting Practices in the Jordanian Commercial Banks","authors":"Al-Dulemi , Khalil, Al-Shabatat , Issam Osama Ahmad","doi":"10.12816/0052842","DOIUrl":"https://doi.org/10.12816/0052842","url":null,"abstract":"","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73804062","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 : 2019-01-01DOI: 10.35248/2472-114x.19.7.193
timothy j. fogarty
{"title":"Riding the Iron Horse into the Future of Regulation: The Contribution of Charles Francis Adams Jr.","authors":"timothy j. fogarty","doi":"10.35248/2472-114x.19.7.193","DOIUrl":"https://doi.org/10.35248/2472-114x.19.7.193","url":null,"abstract":"","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74353180","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 : 2019-01-01DOI: 10.35248/2472-114x.18.6.186
Badawy H, I. A.
{"title":"Effect of Readability and Complexity on Naive Investors Decisions: An Experimental Study in an Emerging Economy","authors":"Badawy H, I. A.","doi":"10.35248/2472-114x.18.6.186","DOIUrl":"https://doi.org/10.35248/2472-114x.18.6.186","url":null,"abstract":"","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74870311","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 : 2019-01-01DOI: 10.35248/2472-114X.18.6.184
H. Badawy, E. Aa
This paper aims to analyze the impact of auditor industry specialization, type of audit opinion, type of auditor (private versus state auditor), and number of remarks from one side and Audit report lag (hereafter ARL) on the other side using a sample of non-financial companies listed in the Egyptian Stock Exchange (hereafter EGX) in 2015 and 2016. The sample consists of 296 firm-year observations of non-financial companies listed in the EGX. The authors developed a multivariate regression model to examine the relationship between audit report lag and auditor specialization, type of audit opinion, type of auditor (private versus state auditor), and the number of remarks associated with the qualified audit opinion. We find a negative association between ARL and auditor industry specialization. Also, ARL is positively and significantly associated with non-state auditor. In addition, ARL shows to be longer when the number of remarks associated with the qualified audit opinion increases. This paper extends the audit report lag literature and adds an important party; the state auditor, which is the Accountability State Authority (ASA). The state auditor in Egypt (ASA) is being ignored in prior literature, although it plays an important role in auditing companies that are owned totally or partially (more than 25%) by the government or public figures.
{"title":"The Impact of Auditor Industry Specialization, Type of Auditor and Audit Opinion on ARL: The Case of Egypt","authors":"H. Badawy, E. Aa","doi":"10.35248/2472-114X.18.6.184","DOIUrl":"https://doi.org/10.35248/2472-114X.18.6.184","url":null,"abstract":"This paper aims to analyze the impact of auditor industry specialization, type of audit opinion, type of auditor (private versus state auditor), and number of remarks from one side and Audit report lag (hereafter ARL) on the other side using a sample of non-financial companies listed in the Egyptian Stock Exchange (hereafter EGX) in 2015 and 2016. The sample consists of 296 firm-year observations of non-financial companies listed in the EGX. The authors developed a multivariate regression model to examine the relationship between audit report lag and auditor specialization, type of audit opinion, type of auditor (private versus state auditor), and the number of remarks associated with the qualified audit opinion. We find a negative association between ARL and auditor industry specialization. Also, ARL is positively and significantly associated with non-state auditor. In addition, ARL shows to be longer when the number of remarks associated with the qualified audit opinion increases. This paper extends the audit report lag literature and adds an important party; the state auditor, which is the Accountability State Authority (ASA). The state auditor in Egypt (ASA) is being ignored in prior literature, although it plays an important role in auditing companies that are owned totally or partially (more than 25%) by the government or public figures.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83482690","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}
In this study, the research team studied the role of inventory management on the financial performance in some selected manufacturing companies in Mogadishu with the major objective of the study is to determine the inventory management practices used in manufacturing firms and to investigate the relationship between inventory management and financial performance in manufacturing firms. The research team selected 72 respondents with the use of questionnaire as instrument and data was analyzed using both descriptive and correlation statistics of mean and frequency (percentage) for SPSS. After gathering and analyzing data, the study found that there is significant positive relationship between the inventory management and financial performance where r=0.683.
{"title":"The Role of Inventory Management on Financial Performance in Some Selected Manufacturing Companies in Mogadishu","authors":"Abdikani Shire Anshur, Mahad Mohamed Ahmed, Mohamed Hassan Dhodi","doi":"10.4172/2472-114X.1000179","DOIUrl":"https://doi.org/10.4172/2472-114X.1000179","url":null,"abstract":"In this study, the research team studied the role of inventory management on the financial performance in some selected manufacturing companies in Mogadishu with the major objective of the study is to determine the inventory management practices used in manufacturing firms and to investigate the relationship between inventory management and financial performance in manufacturing firms. The research team selected 72 respondents with the use of questionnaire as instrument and data was analyzed using both descriptive and correlation statistics of mean and frequency (percentage) for SPSS. After gathering and analyzing data, the study found that there is significant positive relationship between the inventory management and financial performance where r=0.683.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88307855","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}
The challenge of sustainable development is an important aspect in today’s business arena. Linkage between corporate success and sustainability aspects of business has been established. In India, sustainability reporting by companies is gaining a lot of importance over the years. Even though leading standards such as Global Reporting Initiative (GRI) have made significant advancements in setting out the types of information that companies should publicly disclose, sustainability reports should be placed in a system that can effectively utilize the information and cause companies to change their policies and practices. This study discusses the benefits of sustainability reporting, the hindrances faced in its development and its status in India.
{"title":"Emerging Significance of Sustainability Accounting and Reporting In India - A Conceptual Study","authors":"S. Palit, Tjprc","doi":"10.24247/IJAFMROCT20181","DOIUrl":"https://doi.org/10.24247/IJAFMROCT20181","url":null,"abstract":"The challenge of sustainable development is an important aspect in today’s business arena. Linkage between corporate success and sustainability aspects of business has been established. In India, sustainability reporting by companies is gaining a lot of importance over the years. Even though leading standards such as Global Reporting Initiative (GRI) have made significant advancements in setting out the types of information that companies should publicly disclose, sustainability reports should be placed in a system that can effectively utilize the information and cause companies to change their policies and practices. This study discusses the benefits of sustainability reporting, the hindrances faced in its development and its status in India.","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72714487","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}
{"title":"Role of Lean Accounting in Reduction Production Costs in Jordanian Manufacturing Corp","authors":"Al-Dulemi , Khalil I., Shehadeh , Mohammad A.","doi":"10.12816/0052845","DOIUrl":"https://doi.org/10.12816/0052845","url":null,"abstract":"","PeriodicalId":39005,"journal":{"name":"International Journal of Digital Accounting Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80052440","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}
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