31 research outputs found
AUDITOR LIABILITY IN PERIOD OF FINANCIAL CRISIS
No full textThis paper deals with issues of how to take on the responsibility of the auditor, especiallyin this time of crisis that hits the whole society. Significant role of financial auditor and the lies that theauditor is unable to give reasonable assurance that financial statement are not tainted by fraud andmaterial errors. This results from International Standards on Auditing, which indicated that manyusers rely on financial statements as their primary source of information because they are unable toobtain additional information to meet specific information needs.economic crisis, responsibility, economy, financial statements, error, fraud
WAYS OF STRENGHTENING THE STATUTORY AUDIT EFFICIENCY
No full textThe integrity of the auditor’s opinion and the audit process conducting effectivenesshangs on the professional judgment applied on obtaining, processing and interpreting the internal andexternal information. Documentation is based on all the audit evidence collected through proceduressuch as: inspection, confirmation, documentation etc. Audit evidence is used to determine whether thefinancial statements present the economic reality of transactions and if they faithfully reflect thefinancial position of the company. To achieve a reasonable assurance, the auditor should gathersufficient and high quality audit evidence so that the view expressed in the report of the independentauditor should be based on a credible and relevant background.audit evidence, audit procedures, professional judgment, reasonable assurance.
SOME STATISTICAL RESULTS REGARDING THE EVALUATION OF THE QUALITY OF THE MASTER EDUCATION
No full textThe article emphasizes aspects regarding the evaluation of the higher educationï¿1/2s quality. In certain countries, the questionnaires regarding quality of the activity of HEIs (Higher Education Institutions) are administrated by specialized institutions led by the Ministry of Education or the university associations. The evaluation principles derive from well-known economic and social theories, evolving even evaluation models (see the SERVQUAL model). As a result of the Bologna Treaty (1999), the European Union has the objective to become an international reference concerning the higher education quality and to be more attractive than in the present for students, professors and researchers from other regions of the world. So as to fulfill these objectives ENQA (European Association for Quality Assurance in Higher Education) recommends HEIs to include in their development plans regarding quality aspects five principles described in the article. The practical study refers to the results of a questionnaire applied to the master business students from a Romanian university. In order to assess the level of satisfaction of students in relation to the master programme they are involved in, a questionnaire was applied on a sample of 200 such persons. The responses were then analyzed using multidimensional data analysis methods. Out of these, the present research is based on multiple response analysis. In the questionnaire, students were asked to return their level of satisfaction for different aspects related to the educational process they are involved in. The questions were constructed as five-level Likert items. In this way was insured a connection between answers given at each of the questions assessing the quality of the programme. Only 0.2% of the answers given relate to aspects about which the students were not satisfied at all. These answers represent 3.2% of the number of respondents. 30% of the students were slightly satisfied, returning 57 choices of this type. As one can see, the volume of each group increases with the level of satisfaction. The processing of the questionnaire was made on recent economic theories concerning the quality assurance in the university environment, which are briefly presented in the beginning of the article.higher education, teaching quality
Aspecte conceptuale si tehnice privind viitoare reglementari contabile pentru IMM-uri in Europa
No full textThe economic theories and the accounting regulations deriving from them should be reconsidered for SMEs. At global level, there are accomplishments in this respect – IASB IFRS for SMEs – or intentions – European Commission proposals for certain simplifications of the European directives. However, for these actions to be successful, further investigations concerning the theoretical and technical implications are necessary. In this study, we present our opinion concerning the theoretic influences (reconsideration of the conceptual framework) and the technical influences (change in the disclosure requirements and change in the content of the standards, namely recognition and valuation) implied by a standard for SMEs.SMEs accounting standard, agency theory, shareholder-manager, stakeholders, IFRS for SMEs
CONCEPTUAL DELIMITATIONS ON SUSTAINABLE DEVELOPMENT
No full textSustainable development is a model for resource use meant to satisfy human needs, without polluting the environment, so that these needs can be satisfied not only in the present, but in the future as well. It is a concept of nowadays with no generally accepted definition, placing environment first and foremost, aiming at implementing the environmental policies in all structures and at all economic levels. Within the present study we have aimed at creating a conceptual delimitation on sustainable development, sustainability and socialresponsibility, concepts of present interest, that tend to become a mystery for the academic community and practitioners by their variety and complexity of approaches. During our scientific endeavor we believe that social responsibility is the foundation of sustainable development. Sustainable development is a concept used especially at macro-economic level, while social responsibility is used at entity level and incorporates the economic, environmental
and social dimension, which has a voluntary character and tries to respond to the information needs of the society and other stakeholders. Sustainability at the entity\'s level is the goal or final objective of sustainable development – satisfaction of present needs without compromising the possibility for future generations to satisfy their own needs, while social responsibility is an intermediate phase of sustainability wherein entities try to balance the economic, social and environmental dimension. Thus, we can state we include ourselves within social corporatism, slightly close to social institutionalism, which is characteristic to developed countries, giving a particular importance to social contract and relations between entity and society. We believe that in Romania, a POSDRU funded project should be regarded as a legal person with social values, which must be based on sustainable development and to promote, besides legal liability of automatically deriving legal contract, social responsibility,
which resulting from its relationship with society in which it is implemented, and within these relations, environmental protection represent a major social responsibility of any kind of project
SOME STATISTICAL RESULTS REGARDING THE EVALUATION OF THE QUALITY OF THE MASTER EDUCATION
No full textThe article emphasizes aspects regarding the evaluation of the higher education's quality. In certain countries, the questionnaires regarding quality of the activity of HEIs (Higher Education Institutions) are administrated by specialized institutions led by the Ministry of Education or the university associations. The evaluation principles derive from well-known economic and social theories, evolving even evaluation models (see the SERVQUAL model). As a result of the Bologna Treaty (1999), the European Union has the objective to become an international reference concerning the higher education quality and to be more attractive than in the present for students, professors and researchers from other regions of the world. So as to fulfill these objectives ENQA (European Association for Quality Assurance in Higher Education) recommends HEIs to include in their development plans regarding quality aspects five principles described in the article. The practical study refers to the results of a questionnaire applied to the master business students from a Romanian university. In order to assess the level of satisfaction of students in relation to the master programme they are involved in, a questionnaire was applied on a sample of 200 such persons. The responses were then analyzed using multidimensional data analysis methods. Out of these, the present research is based on multiple response analysis. In the questionnaire, students were asked to return their level of satisfaction for different aspects related to the educational process they are involved in. The questions were constructed as five-level Likert items. In this way was insured a connection between answers given at each of the questions assessing the quality of the programme. Only 0.2% of the answers given relate to aspects about which the students were not satisfied at all. These answers represent 3.2% of the number of respondents. 30% of the students were slightly satisfied, returning 57 choices of this type. As one can see, the volume of each group increases with the level of satisfaction. The processing of the questionnaire was made on recent economic theories concerning the quality assurance in the university environment, which are briefly presented in the beginning of the article
Quality of the Teaching Process and its Factors of Influence from the Perspective of Future Business Specialists
No full textIn the context of the large number of Romanian economic graduates competing for a relatively small number of specialized positions, an increasingly dynamic environment that requires specialists and leaders with practical skills, internationalization and increasing competition among higher education institutions to attract both students and financing, it is necessary to evaluate the quality and performance of business educational programs. Periodic evaluation is the premise of improving and modernizing educational services, and students, as the primary beneficiaries of education, are the first to be included in this process. Therefore, the goal of this research is to identify the perceptions of students specializing in the financial management of European funds regarding the quality of teaching staff and the teaching process. This study takes a quantitative approach using a survey method and a questionnaire as a data collection instrument. The questionnaire includes a set of 11 specific items that are considered to be most relevant to the quality of higher education services and two related to overall perceptions of quality. Data were collected from a sample of more than 1,500 students enrolled in a new master’s program on the axis specified above. Analyses showed that three factors have a significant influence not only on the assessment of teacher performance during courses and seminars but also on the quality of the teacher involved in the process: the use of modern teaching techniques, the degree to which master’s students are trained and actively participate in teaching activities, and the presentation of quality and coherent information. A teacher’s performance is influenced to a lesser extent, but still a significant one, by other two items included in this study: delivering materials on time and efficiently using the time allocated to the discipline. However, professor performance is also negatively correlated with the relevance of the information offered to students and the difficulty of the assessment. This study offers a valuable perspective on the quality of the educational process as perceived by Romanian university students. It identifies the most relevant factors in ensuring the quality of a master’s program focused on providing practical skills and training international specialists in the area of international funds management
The Role of Bioenergy in Transition to a Sustainable Bioeconomy – Study on EU Countries
No full textStarting with the significant differences between the European Union member states regarding the implementation of the sustainable development goals stipulated by the United Nations and the transition from the fossil fuel economy to the one based on the principles of bio-economics, the article aims highlighting the correlation between the bioenergy production and a range of economic, environmental or innovation indicators for each Member State.
The designed model uses data for 25 EU Member States collected for the period 2007-2013. The novelty of this study derives from the use of linear regression to estimate the impact of bioenergy evolution on the country's energy dependence and Panel Least Squares to identify the correlations between bioenergy and fossil fuel production, PIB per unit of energy use, the degree of innovation in the field and renewable energy generation.
The obtained results show that the bioenergy-renewable-energy-dependency relationship is not significantly influenced by the economic crisis, even if the proposed model is weaker. At the same time, bioenergy positively correlates with the degree of innovation in the field or with the energy from natural gas and negatively with the economic efficiency of a state. The article presents the gap between countries regarding bioenergy, as well as their evolution during the analyzed period. All these values support the positive effects that bioenergy will have on the sustainable development of the bioeconomy. Bioenergy production can make a significant contribution to mitigating climate change while ensuring the diversification of energy resources in the long run
WHAT INFLUENCES STUDENTS' EXPECTATIONS IN WHAT REGARDS GRADES?
No full textAfter a period of studying a certain subject, students form an opinion about it and begin having certain expectations. These expectations and the degree in which, in the end, they fulfil, contribute to the reputation of the university. Consequently, a continuous evaluation of the quality of the educational process is needed. The present research presents a part of a more complex study made on a sample of master students in Audit and Financial Management in Romania. The goal was to evidence the main factors that affect students' expectations in what regards the grades they will obtain at the end of the semester. For this, a questionnaire of 20 questions was applied to 250 such students. After factor reduction procedures were applied, six most significant variables were kept in the analysis: the proportion of knowledge acquired, the perceived level of utility of the discipline in the professional career of the student, the proportion in which the subject could contribute to
getting employed in the field it belongs to, the evaluation method and two variables evaluating through grades the didactic performance during the course and the overall performance of the tenure professor. The influence of these variables upon the grade expected by the student was assessed with the help of the OLS regression, both in the simple and multiple forms. Out of the six hypotheses formulated, only one proved to be false based on the simple regression analysis. When individually assessed, the evaluation method announced by the teacher at the beginning of the semester turned out to have no statistically significant influence upon students' expectations. For the rest of the variables, results were according to the assumptions made, i.e. all determine in a significant positive manner the students' opinion about the grade they will get. We have also constructed the multiple regression models. When putting all variables together, the significance changes. The level of difficulty of the
evaluation method becomes significant, while from the rest of the variables only the proportion of knowledge acquirement still holds. The final conclusion is as expected: the higher the proportion of acquirement, the higher the grade expected at the end of the semester, while the more difficult the evaluation method, the lower the grade
USING MANAGEMENT CONTROL TO ALIGN ORGANIZATIONAL STARTEGIES AND TO MEASURE PERFORMANCES
No full textPractice shows that, in order to improve internal and external communication, managers need to increase the request of information about their business administration. So, for this, they need a complementary system which assures them this kind of informa
