Purpose: The objective of this article is to determine how many real estate entities have tackled going concern problems, to identify the going concern uncertainties disclosures, especially during ...the COVID-19 pandemic, and to assess the going concern disclosures that have been made.Methodology/approach: The study involved the financial reports of real estate companies listed on the main market of the Warsaw Stock Exchange. 35 (out of 40) reports for the first half of 2020 were examined. The content of full versions of the descriptive parts of financial statements, reports on the auditors review, and management comment letters were analyzed.Findings: The way the disclosures are made can be a challenge. The managements analysis of the entitys situation involving significant judgments is of key importance. Reports on the auditors review may facilitate interpretation, especially because the way narrative, the variety of detail, and the location of the disclosures make inference difficult. The pandemic affected the scope of disclosures without increasing the number of entities disclosing uncertainties.Research limitations/implications: The research was limited to published, complete, half-yearly reports of listed companies of one sector, subject to review by the auditor. The issue of going concern disclosures is worth developing in future research of annual reports of various sectors, especially in the context of successive economic crises, including the war in Ukraine.Originality/value: As a practical study of disclosures, the article is the first empirical assessment of how going concern disclosures are made, revealing the role of significant judgments.
The disadvantages of conventional accounting approach reporting only economic and financial data suggest that the majority of accountability remains in the form of physical financial statements and ...human-centred accountability superiority. This raises criticism by finding a more comprehensive new approach. The spiritualist paradigm produces a spiritualist research design based on spiritual spontaneity. Spiritual spontaneity is a spiritual experience between a person, the environment and God. The approach of the spiritual paradigm of accounting comes from the Qur'an and the Hadeeth. The informants in this study were Gus Miek's son and worshipers as well as trying to communicate with Gus Miek through spiritual activities. The results of this study indicate that accountability is not only seen from the physical side only because in accordance with the human task as Khalifatullah fil ardh.
The basic aim of the research in this paper is to answer the question of whether the financial statements defined by the legislation in the Republic of Serbia, based on the IASB IAS/IFRS project ...implementation, could be comparable with the EU financial statements in terms of quality. The main reason for this research is to point out the necessity of including other international accounting regulations, such as EU Directive 34, for financial reporting harmonization and standardization needs. The research results show that the existing legal accounting regulations implementation defined by the IFRS has become the limiting factor for financial reporting quality. Additionally, the research results indicate the need to overcome the existing concept of technically oriented accounting and consider a broader, more completely expressed power of financial reporting that includes other non-financial determinants. In order to reach the set aim, the methodology used in this paper includes qualitative research based on secondary data sources. On that basis, the first part of the paper provides an indicator analysis that illustrates the existing financial reporting quality situation as a result of legal and professional accounting regulations implementation in the Republic of Serbia. In the second part of the paper, based on the research results, we provide suggestions for improving accounting regulations for financial reporting quality needs.
•Our analysis challenges the common practice in the sector of using programme ratios and overhead costs as indicators for non-profit accountability.•We use Benford's law to measure misreporting in ...public financial reports of UK non-profits.•We find approximately 25% of the sample submit potentially misreported data to the governing body.•Higher charitable effort does not necessarily induce less misreporting, nor does higher governance.•Tighter monitoring is ineffective to improve transparency and accountability unless accompanied by a high level of charitable spending.
Recent high-profile scandals related to misuse of funding and donations have raised the demand for scrutiny over financial transparency and operational activities of non-profit organizations in developed countries. Our analysis challenges the common practice in the sector of using programme ratios and overhead costs as indicators for non-profit accountability. Using Benford's Law to measure irregularities in financial data for a large sample of public charities we estimate that 25% of the sample potentially misreport their financial information. We show theoretically and empirically that charities with a higher programme ratio (their level of spending on charitable activities), will be less likely to misreport their financial information only when their overhead costs (spending on governing activities) are also sufficiently high. Tighter monitoring becomes ineffective in increasing the sectoral transparency and accountability unless accompanied by a sufficiently high level of charitable spending.
Abstract This study attempts to analyze the quality of local government financial information through internal and external factors. This type of research is a causative research using primary data ...collected through a questionnaire using a likert scale of 1-5. The location of this research is in Buleleng Regency, Bali Province. The sample of this study consisted of the head of the finance department and the accounting staff at each Regional Work Units, amounting to 45 people. The analytical method used in this research is multiple linear regression. The results showed that the competency and working experience (as internal factors), implementation of accounting information system, the role of internal audit (as external factors) had a positive and significant effect on the quality of local government financial reports However, in the future it is hoped that it can be improved through improvements and guidance in several aspects such as increasing the capacity of government officials regarding a more adequate regional financial accounting information system through improving facilities and infrastructure to support regional financial management to achieve good, transparent and accountable governance.
The quality of financial reports is one of the critical aspects for capital owners in assessing the company's success in its business. Previous research has shown a positive relationship between ...internal audits and the presentation of quality financial statements. Based on the critical role of the presentation of financial statements, the researchers researched the influence of internal audits on the quality of financial statements. The researcher uses a quantitative approach in answering the problem formulation that set. The sample in this study were 59 employees of the audit department in two manufacturing companies in the city of Bandung. Data analysis used simple linear regression with the results showing a positive influence of internal audit on the quality of financial reports by 50.5%. In contrast, the rest was influenced by other factors not examined. The study results indicate that the better the internal audit is carried out, the better the quality of financial reports.
Purpose: This study aims to analyze the role of the government’s budget supervision on financial accountability to reduce fraud against the local government budgets.
Theoretical framework: The ...theoretical framework from Gabrini (2013) highlights the importance for organizations to design and manage financial reports and audits to maintain legitimacy, along with the increasing demands for transparency and accountability of public organizations today.
Design/methodology/approach: To achieve this goal, the data used in this study is secondary data sourced from the central and regional government’s auditing board between 2016 to 2019.
Findings: The results showed that budget supervision negatively affects the accountability of local government financial reports. Moreover, a follow-up audit has a negative effect on the fraud against the local government budget and has a positive effect on financial accountability. The results also demonstrated a negative effect of financial accountability on the fraud against local government budget.
Research, Practical & Social implications: As the implication, the government is expected to draft an implementing regulation as a technical guideline to avoid fraud against the government budget. In order to encourage an increase in the target of unqualified opinions, it is expected that the central government can provide incentive funds to regional governments that get unqualified opinions to maximize their capacity to increase financial accountability.
Originality/value: This research is among the first in empirically examinating the full mediating effect of financial accountability in the relationship between budget supervision and the fraud against local government budget in Indonesia.
Purpose: The study aims to identify the role of forensic accounting in reducing financial corruption practices and improving the quality of financial reports by applying it to Saudi joint stock ...companies. Methodology: the study used descriptive approach, conducted a questionnaire to collect data and distributed it to the study’s population consisting of shareholders, investors, and workers in joint-stock companies in the Kingdom of Saudi Arabia. Results and conclusion: The most important results of the study were that forensic accounting played a major role in combating financial corruption and business sustainability, and that academic and practical qualifications have a very important impact in discovering financial corruption, and the effectiveness of forensic accounting also led to improving the quality of financial reports. The researcher also recommends the necessity of adopting the subject of forensic accounting within the educational curriculum as a basic subject, as a preliminary step toward advancing the profession of forensic accounting, cooperating with educational institutions and investing in appropriate technology. Originality/value:The study is distinguished that it addresses the role of forensic accounting in improving the suitability and credibility of financial reports and business sustainability in the Kingdom of Saudi Arabia through cooperation with educational institutions in establishing the concept of Forensic accounting and the best use of technology.
Propósito: El estudio tiene como objetivo identificar el papel de la contabilidad forense en la reducción de las prácticas de corrupción financiera y la mejora de la calidad de los informes financieros aplicándola a las sociedades anónimas sauditas.Metodología: el estudio utilizó un enfoque descriptivo, realizó un cuestionario para recopilar datos y los distribuyó a la población del estudio compuesta por accionistas, inversores y trabajadores de sociedades anónimas en el Reino de Arabia Saudita.Resultados y conclusión: Los resultados más importantes del estudio fueron que la contabilidad forense jugó un papel importante en la lucha contra la corrupción financiera y la sostenibilidad empresarial, y que las calificaciones académicas y prácticas tienen un impacto muy importante en el descubrimiento de la corrupción financiera, y la eficacia de la contabilidad forense también. llevó a mejorar la calidad de los informes financieros. El investigador también recomienda la necesidad de adoptar la materia de contabilidad forense dentro del currículo educativo como una materia básica, como paso preliminar para avanzar en la profesión de contabilidad forense, cooperando con instituciones educativas e invirtiendo en tecnología adecuada.Originalidad/valor:El estudio se distingue porque aborda el papel de la contabilidad forense en la mejora de la idoneidad y credibilidad de los informes financieros y la sostenibilidad empresarial en el Reino de Arabia Saudita a través de la cooperación con instituciones educativas para establecer el concepto de contabilidad forense y el mejor uso de la tecnología.
Abstrak Perkembangan era revolusi industri 4.0 berdampak pada berbagai hal, salah satunya adalah pada Usaha Mikro Kecil dan Menengah (UMKM). UMKM adalah salah satu sektor usaha di Indonesia yang ...dikenal tangguh karena terbukti dapat bertahan meskipun dalam kondisi krisis ekonomi. Meskipun demikian, para pelaku usaha tetap harus mengantisipasi perubahan yang sangat cepat terjadi pada era revolusi industry 4.0. Selama ini, salah satu masalah UMKM adalah kesulitan dalam menyusun laporan keuangan. Aplikasi akuntansi adalah salah satu wujud perkembangan teknologi di bidang akuntansi. Saat ini terdapat beberapa aplikasi akuntansi berbasis android yang bertujuan untuk memudahkan pelaku usaha dalam menyusun laporan keuangan, salah satunya adalah aplikasi akuntansi “UKM-ID”. Penelitian ini merupakan penelitian deskriptif dengan menggunakan pendekatan kualitatif dan kuantitatif untuk memberikan ulasan yang diperoleh. Pendekatan penelitian deskriptif dalam penelitian ini hanya sebatas membuat deskripsi tentang fenomena di lapangan sedangkan pendekatan kuantitatif dalam penelitian ini digunakan untuk membuat deskripsi tentang penggunaan aplikasi akuntansi berbasis android untuk menyusun laporan keuangan pada usaha “Very Convection”. Hasil penelitian menunjukkan bahwa aplikasi akuntansi berbasis android “Akuntansi UKM” dapat diterapkan dan membantu usaha “Very Convection” dalam menyusun laporan keuangan sesuai dengan standar akuntansi yang ditetapkan.
•ESG disclosures have become an important consideration for investors.•Investors and policy makers are promoting mandatory ESG reporting.•A higher ESG rating is associated with a higher quality of ...financial reporting.•Firms do not exploit high ESG ratings to divert attention from poor financial data.•Mandating ESG disclosures is likely to improve financial reporting quality.
The growing focus on ESG policies has sparked discussions about whether companies should be required to make ESG disclosures. A major concern is that companies use high ESG ratings to divert attention from poor performance, which is hidden by their low financial reporting quality (FRQ). Looking at U.S.-listed companies from 2012 to 2022, we find that high ESG ratings do not come at the expense of FRQ. Furthermore, the heightened focus on ESG performance following the 2019 Business Roundtable statement had a positive impact on FRQ. Our findings suggest that regulation mandating ESG disclosures is likely to improve FRQ.
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