1,720,959 research outputs found
The modified role of internal audit in COVID-19 pandemic conditions
Get PDF1. A factsheet from IIA Australia. Internal Audit and Pandemics. (2020, 03 26). https://iia.no/internalaudit-and-pandemics/. Retrieved from https://iia.no/internal-audit-and-pandemics/.
2. Hafizah Marzuki Intan Zurina Md Naain . (2020). Internal Audit Effectiveness During Movement Control Order (MCO) Period. Seminar Antarabangsa Islam Dan Sains (SAIS 2020). Universiti Sains Islam Malaysia.
3. https://www.aljazeera.com/news/2021/3/22/how-has-the-world-changed-since-covid-19. (2021, August 20).
4. LEVAN SABAURI. (2018/6/25). AUDIT RISK MANAGEMENT AND ITS AFFECT ON THE AUDIT OF THE
FINANCIAL STATEMENT. Globalization & Business, 215-220.
5. Levan Sabauri. (2021). Impacts of COVID-19 on the Financial Reporting and Audit. Economics and Business .
6. Levan Sabauri, Nadezhda Kvatashidze. (2018). Prospects of Application of International Standards in Financial Reporting by Small and Medium-size Businesses in Georgia. International Journal of Business Administration, 1-8.
7. Levan Sabauri, Nino Mamardashvili. (2014). General review of the mistakes made during the audit that are common in practice. (pp. 184-191). Tbilisi: TSU Publishing House.
8. M Eulerich, M Wagener, DA Wood. (2020, August 20). Evidence on Internal Audit Effectiveness from Transitioning to Remote Audits Because of COVID-19. Retrieved from https://www.researchgate.net/profile/MarcEulerich/publication/348805905_Evidence_on_Internal_Audit_Effectiveness_from_Transitioning_to_Remote_Audits_because_of_COVID-19/links/601133c845851517ef1a3c3c/Evidenceon-Internal-Audit-Effectiveness-from-Transiti.
9. Mark Martinelli, Alfred E. Friedman, and Joel Lanz. (2020). The Impact of COVID-19 on Internal Audit. THE CPA JOURNAL, 60.
10. Mohammed Haddad. (2021, March 22). https://www.aljazeera.com/news/2021/3/22/how-has-theworld-changed-since-covid-19. Retrieved from https://www.aljazeera.com.
11. OXFAM. (2021, August 20). https://oxfamilibrary.openrepository.com/bitstream/handle/10546/621149/
bp-the-inequality-virus-250121-en.pdf. Retrieved from https://www.oxfam.org/en.New reality drives the changes not only for the industries, cities, countries, or the world but forces us to follow these changes. The article aims to present how the pandemic impacted internal audit and the responses the auditors should take in the Covid crisis. The article also discusses the necessities that caused changes in the role of internal audit during the pandemic. While discussing the change in the role of an audit we elaborate on the stages that provide reduction of the risks with the help of the audit and preserve stable financial condition for the company
Topical issues of ensuring the internal quality control of the auditing organizations
Get PDF1. Bychkova S.M; Itygilova E.Iu. (2008). Auditing QualityControl. Ekso-Eksmo, 208. 2. Connie L Becker, Mark L DeFond, James Jiambalvo, KR Subramanyam. (1998). The Effect of Audit Quality on Earnings Management*. Contemporary accounting research, 1-24. 3. Kondrashova N.G. (2015). Standartization as the basis for the organization of internal quality control in auditing activity. New Science, 96-101. 4. Levan Sabauri. (2014). A QUALITY CONTROL OF AN AUDIT ACTIVITIES. Наукове забезпечення праксеології аудиту, (pp. 410). Kiev. 5. Levan Sabauri. (2016). International standards on auditing. Tbilisi: Forma Ltd. 6. Levan Sabauri. (2017). Problems Occurring in the Process of Audit by Taking into Consideration their Theoretic Aspects against the Background of Reforms Conducted in a Country: The Example of Georgia. World Academy of Science, Engineering and Technology, International Journal of Social, Behavioral, Educational, Economic, Business and Industrial Engineering, 1179-1186. 7. LEVAN SABAURI. (2018). AUDIT RISK MANAGEMENT AND ITS AFFECT ON THE AUDIT OF THE FINANCIAL STATEMENT. GLOBALIZATION AND BUSINESS, 215-220. 8. Peter Carey, Roger Simnett. (2006). Audit partner tenure and audit quality. The accounting review, 653-676. 9. Shumilova I. V., Lugovkina O.A. (2013). The Organization of Quality Control of Auditing Activity. Economics and Management, 35-38.The article discusses theoretical and practical challenges of quality control in audit organizations. Different school of thoughts are explored in the related scientific literature. Therefore we focus on the characteristics of quality control in large and small audit organizations and the importance to develop internal corporate standards. We analyzed main challenges arising during the quality control based on the annual report of the respective control services. We present the assessment principles and procedures for ensuring quality control according to the International Audit Standards. The focus is on the quality control features in the large and small audit organizations and the need to develop internal corporate standards
INFLUENCE OF ACCOUNTING BALANCE INDICATORS ON INVESTMENT EVALUTION
Get PDFThe work considers essential matters of cash flow return on investments. The basic of CFROI® methodology is the idea of a company as the integrity of projects. Those projects have different moments and terms of development and effect as well as the various rates of payback. Subject to the goals of the analysis, they are represented as a single consolidated project which generates cash flows within the term of useful life of those assets to which the investments are aimed. The CFROI® is based on the main idea – to determine the inflation-adjusted cash flows in favor of every capital owner and to compare them with the inflation-adjusted historical investments which have been put in the business in consideration of the depreciated cost of non-depreciable assets according to the internal rate. The work focuses on the detailed analysis of the CFROI® components. All components are considered separately and in connection with each other that makes the single chain determining the cash rate of return on investments. Within the analysis of cash rate of return on investments it is important to determine the duration of life cycle of strategic investments which is directly related to the establishment of the average age of the fixed depreciated tangible assets. When determining the average asset age noteworthy is by what formula it will be calculated. Based on the practical examples the work presents the cases of “artificial rejuvenation” of depreciated assets and “artificial aging” of assets. The work also determines the values of total investments and total cash flows, their effect on calculation of the cash rate of return on investments. Parallel with investments and cash flows there is also considered the role of IRR and MIRR for calculation of CFROI. Together with the investment model of calculation there has been applied calculation with CFROI coefficient which is based on the use of data of the economical depreciation of total investments. Therefore, the operating cash flows are recurrent and reiterated and they create the necessary idea of the profit to be received from a business in future. CFROI® value is measured on the annual basis. It may be subject to modification. Noteworthy is to determine the internal rate of return (IRR) of a business in the current conditions. CFROI® is of analytical predictable nature. However, it shall be applied with a particular caution. In the final analysis, the purport of the company existence is to return all investments deposited in it and to receive the adequate revenue which will compensate alternative expenses and bring profit to the company
Some aspects of loan and capital financial instruments
No full text• IASB. (2014, August 22). https://www.ifrs.org/supporting-implementation/supportingmaterials-
by-ifrs-standard/ifrs-9/. Retrieved from ifrs.org.
• IASB. (2016, November). https://www.ifrs.org/issued-standards/list-of-standards/ias-
32-financial-instruments-presentation/. Retrieved from ifrs.org.
• Kvatashidze N. (2012). Pinansuri instrumentebis shepaseba. [Valuation of Financial
Instruments. Materials of Reports made at the International Scientific-Practical
Conference Held at P.Gugushvili Institute of Economics of Ivane Javakhishvili Tbilisi
State University, pp. 21-24. Tbilisi]. (in Georgian).
• Sabauri L. (2015). Influence of Accaunting Balance Indicators on Investment Evalution.
Applied Finance and Accounting , 57-68.
• Sabauri L. (2017). Sataripo regulirebis pirobebshi aghritskhvis zogierti sakitkhebis
shesakheb. [Some Issues of Accounting in Tariff Regulation Conditions. Economics and
Business, 176-184.] (in Georgian.)
• Sabauri L. (2018). A Approval and Introduction of the International Financial Reporting
Standards (IFRS) in Georgia: Challenges and Perspectives. Journal of Accounting &
Marketing , 2-4.
• Mary E. Barth, Schipper K. (2008). Financial Reporting Transparency. Financial Reporting
Transparency, 173-190.
• Lopes P. T., Rodrigues L.L. (2006). Accounting for Financial Instruments: An Analysis of
the Determinants of Disclosure in the Portuguese Stock Exchange. The International
Journal of Accounting, 25-56.
• Stephen G. Ryan. (2012). “Financial Reporting for Financial Instruments”. Foundations
and Trends® in Accounting, 187-354.
• Collings,St. (2012). Steve’s Guide to Complex Financial Instruments. In S. Collings,
Steve’s Guide to Complex Financial Instruments.Financial Instruments are any contract that generates both the financial
assets of one enterprise as well as the financial liability of the second enterprise or
the equity instrument. In many cases, the contract does not clearly indicate what
the enterprise has to do with financial liabilities or equity instruments. Emission
and equity instruments are implemented in different conditions, which determine
the actual economic content of the instrument. Their recognition, measurement
and accounting procedures differ significantly, while their correct classification
affects the financial indexes and the financial conclusions and decisions made
by an user of the financial information. Thus, it is important to properly identify,
measure and reflect in the financial statements all financial instruments
Issues of accounting for the impairment of financial instruments
Get PDF1. ფასს 9 ფინანსური ინსტრუმენტები. თარგმანი. London. IASB. 2015. 146 გვ. www.saras.gov.ge
2. IFRS 9. Financial Instruments Understanding the basics. PWC. London. 2017. 41 p.
https://www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs-9/ifrs-9-understanding-the-.
3. IFRS 9: Financial Instruments – high level summary. Deloitte. London. 2016. 18 p.
https://www2.deloitte.com/content/dam/Deloitte/ru/Documents/audit/ifrs-9-financial-instrume .
4. IFRS 9 – Financial Instruments – IAS Plus. London, 2018. 22 p. https://www.iasplus.com/en/standards/ifrs/ifrs9
5. IFRS in practice 2018. IFRS 9 Financial Instruments. BDO. London. 2018. 108 p.
https://www.bdo.global/getattachment/Services/Audit-Assurance/IFRS/IFRS-in-Practice/IFRS-9-
6. Bad debt provision under IFRS. "Silvia, IFRSbox". New York. 2019. 22 p.
https://www.ifrsbox.com/how-to-calculate-bad-debt-provision-under-ifrs-9/Users of financial reporting information are interested in whether there is a risk of impairment of financial instruments – the likelihood of emerging a loss due to non-compliance with contractual obligations. To provide the users with a fair information on the financial instrument, IAS 9 „Financial Instruments” requires their testing on impairment . A purpose of impairment-related requirements is to recognize the expected credit loss
for all financial instruments in the financial statements.
IAS 9 requires to measure an impairment of the financial instruments by the Expected Credit Loss (ECL) model – to recognize the financial assets by amount of the ECL. A purpose of this model is to provide users of financial reporting information with the relevant information on the volume, timing and future uncertainties of a reporting entity. Therefore, under this model, a company should not postpone the recognition of credit losses until there is objective evidence of impairment. Rather, this model requires the recognition of credit losses throughout the existence of a financial asset and the updating of expected losses at each reporting date in order to provide timely a relevant information to stakeholders
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Appropriate Similarity Measures for Author Cocitation Analysis
Get PDFWe provide a number of new insights into the methodological discussion about author cocitation analysis. We first argue that the use of the Pearson correlation for measuring the similarity between authors’ cocitation profiles is not very satisfactory. We then discuss what kind of similarity measures may be used as an alternative to the Pearson correlation. We consider three similarity measures in particular. One is the well-known cosine. The other two similarity measures have not been used before in the bibliometric literature. Finally, we show by means of an example that our findings have a high practical relevance.information science;Pearson correlation;cosine;similarity measure;author cocitation analysis
Dispelling the Myths Behind First-author Citation Counts
Get PDFWe conducted a full-scale evaluative citation analysis study of scholars in the XML research field to explore just how different from each other author rankings resulting from different citation counting methods actually are, and to demonstrate the capability of emerging data and tools on the Web in supporting more realistic citation counting methods. Our results contest some common arguments for the continued
use of first-author citation counts in the evaluation of scholars, such as high correlations between author rankings by first-author citation counts and other citation
counting methods, and high costs of using more realistic citation counting methods that are not well-supported by the ISI databases. It is argued that increasingly available digital full text research papers make it possible for citation analysis studies to go beyond what the ISI databases have directly supported and to employ more
sophisticated methods
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