CHALLENGES OF FINANCIAL AUDIT - THE IMPACT OF INTRODUCING UNIQUE REGULATION OF FINANCIAL MARKETS IN ROMANIAauditing, capital markets, regulatory intervention, standards, GAAP, IFRSThe theme of our research is related to the new type of relationship between financial audits (statutory) and unique ...
Independent financial audit of consolidated financial statements of a group of entities is characterized with the performance of specific audit procedures and expression of audit opinion by the certified public accountants, registered auditors who audit and certify these financial statements. Financial stateme...
These business owners’ concerns are legit: Commingling business and personal funds is a risky practice that makes it difficult to monitor cash flow and could ultimately damage the value of a company. Auditors, whether from the government or an internal audit, will see this as a big red...
24 Financial Shared Services Centres: Opportunities and Challenges for the Accounting Profession The financial shared services centres phenomenon (continued) TABLE 2.2: FSSC LOCATION CRITERIA Cost benefits • Wage scales and incentives, local government and company allowances, fringe benefits. • Tax ...
The use of the Internet for financialreporting creates unique opportunities and challenges for the auditing profession.Notwithstanding the significance and urgency of the related auditing issues, relatively littleresearch has been conducted in this area. This study seeks to identify the key audit...
preventing unnecessary water loss to the environment. We also support local water projects that drive community growth. In September 2024, we will release the Sustainability Report on the Company's practices, detailing the challenges and successes on our journey and the impact on all our ...
This study investigates the association between audit committees’ (ACs) financial expertise and the implementation of accretive repurchases as a strategic method for real earnings management (REM). The study also examines empirical data about the influe
Setting the audit committee agenda: meeting financial challenges with smart, pointed solutions should be job one for any audit committee. Here are 10 recommendations to make sure the process goes as smoothly as possible and leaves less to chance.(AUDIT COMMITTEES)...
For example, information on financial instruments may be provided by a company’s treasury management function, which could have very different systems and procedures to the accounting function, with a different level of control risk attached. The systems and controls m...
Facing both opportunities and challenges, the Group will respond to the changing situation in a more proactive way to ensure the continuous improvement of performance and efficiency. The following will be done by the Group in the next half of the year: Firstly, to pay closer attention to the ...