Download or read book Determinants of Auditors Perceptions of the Work Needed in the Audit of Internet Based Financial Reports in Egypt written by Tariq Hassaneen Ismail and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - To constitute and test a framework of factors that might affect auditors' perceptions of the work needed to audit internet-based financial reports (IBFR). Methodology/Approach - The study conducts a questionnaire on practicing auditors from audit firms in Egypt in the year 2007 to examine their perceptions of the work needed to audit IBFR and factors that might affect their perceptions.Findings - The study portrays total auditors' perceptions as a function of four dimensions. First, auditor' personal-specific characteristics (consisting of three variables); second, audit fieldwork-specific characteristics (containing one variable); third, audit firm-specific characteristics (comprising five variables); and, fourth, environmental-specific characteristics (consisting of four variables). The analysis of empirical study provides evidence of a significant association between auditors' perceptions of the work needed to audit IBFR and the following factors: auditors' knowledge of inherent risks of internet reporting, quality systems, audit tenure, legal form of client, client industry group, user needs of financial information and legislation environment.Research limitations - The scope of the survey is limited to a small number of potential participants. Accounting and auditing standards setting' environment in Egypt may restrict the generalization of the findings of this study.Originality/Value - This paper enriches to the literature on internet reporting and audit tasks by exploring factors that might affect auditors' perceptions of the work needed to audit IBFR. The study provides evidence that supports Egyptian regulators' initiatives to issue guidelines that cover IBFR, and auditors' responsibilities and the work needed in the audit of IBFR in electronic business environments in an attempt to improve the integrity of financial reporting.

Download or read book Auditors Perceptions on Tasks towards Internet Reporting written by Tariq Hassaneen Ismail and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose in this study is to constitute and test a framework of factors that might impact auditors' perceptions on tasks towards internet reporting. The study employs a questionnaire to practicing auditors from audit firms in Egypt in the year 2007 to examine auditors' perceptions on tasks towards internet reporting and factors that might affect their perceptions. The study portrays total auditors' perceptions as a function of four dimensions; auditor' personal-specific characteristics; consisting of three variables, audit fieldwork-specific characteristics; containing one variable, audit firm-specific characteristics; consisting of five variables and environmental-specific characteristics; consisting of four variables. Analysis of empirical study provides evidence of a significant association between auditors' perceptions on tasks towards internet financial reporting and the following factors; auditors' knowledge in risk of internet reporting, quality systems, audit tenure, legal form of client, client industry group, user needs of financial information and legislation environment. This paper adds to the literature on internet reporting and audit tasks by exploring factors that might affect auditors' perceptions on tasks towards internet reporting.

Download or read book Assessing the Development of Voluntary Internet Financial Reporting and Disclosure in Egypt written by Doaa Abd El Rehim Mohamed Aly and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently the provision of corporate financial information through the internet is a new issue confronting providers and users of financial information in Egypt. It is expected to be important as financial information would be disseminated worldwide and this availability of information could encourage people to invest in any part of the world. Studying internet reporting in Egypt will help in providing on line timely information, thus encouraging investors to invest in Egypt. It will meet stakeholders? demands for greater speed and volume of financial information. Businesses must find better and more effective ways of communicating financial information with these stakeholders. Therefore, there is a need to examine the role played by the internet in communicating financial information in Egypt, in order to find out how that role may be enhanced. The major objectives of the study were to 1) identify the extent of internet corporate financial reporting in the Egyptian companies; 2) identify factors which influence Egyptian listed companies to voluntarily adopt internet-based corporate financial reporting; 3) evaluate the effectiveness of voluntary internet financial reporting and disclosure to selected groups of users; and 4) explore the role of Investor Relations and auditors regarding internet financial reporting and their functions or procedures are affected. Innovation diffusion, institutional change, and economic-based theories were employed to explain the adoption of internet financial reporting in Egypt. To accomplish these objectives, a sequential explanatory triangulation design was employed, employing both quantitative and qualitative data collection and analysis. Quantitative methods were used to achieve the first and second objectives. A disclosure index was constructed to determine the level of voluntary internet financial reporting of the 100 most active listed Egyptian companies for the year ended 2004. Ten hypotheses were formulated to test the relationship between the level of voluntary financial internet disclosure and the company?s characteristics. It was found that 27 companies had no websites, the websites of 9 companies were under construction, 62 companies had websites and 35 companies disclosed their financial information on their websites. The average disclosure rates of financial information were 30% for the Egyptian companies which had websites and 44% for companies having websites and disclosing financial information. 100% of communication companies and 67% of financial services companies disclosed financial information on their websites and all communication companies had disclosure scores over 50%. The results of Univariate analysis revealed that firm size variables (total assets, total sales); leverage variables (Total Debt /Total Assets and Long term Debt/ Total Assets); foreign listing; industry type; and audit firm size are significantly associated with the extent of internet disclosure at least at the 5% level of significance. The results of multiple regressions indicated that profitability, foreign listing and industrial sector (communications and financial services) are important factors affecting the amount and presentation formatting of financial information disclosed on Egyptian companies? websites. Qualitative method was used to accomplish the second, third and fourth objectives. Seventeen interviews were conducted with stakeholders [Investor relations officers, financial analysts & fund managers, audit partners & key managers from Egyptian Stock Exchange]. A framework was developed which includes six main factors affecting companies? disclosure of financial information on the internet, which include companies? characteristics [Size, Foreign listing, Industrial sector (banking and communications sectors), Capital structure (Foreign investors, Governmental ownership, Number of shareholders)], management style, amount of paper-based disclosure, imitation, rules and regulations, and number of analysts covering the company. Investor relations officers should be responsible and decide upon the financial information to be published on companies? websites but this is not the case in Egypt. Auditors have no responsibility regarding internet financial reporting in Egypt. This study makes the following contribution to knowledge: - This study is the first which undertakes an empirical investigation regarding internet financial reporting and disclosure of Egyptian listed companies. - This is the first study to examine the effects of culture, organizational structure and demographic characteristics on the adoption of voluntary internet reporting and disclosure. - One of the significant features in this study is that it employed quantitative and qualitative methods to identify the factors which affect companies? adoption of voluntary internet financial reporting and disclosure in Egypt. - This study will contribute to the understanding of the concept, functions and activities of Investor Relations within companies and this might draw the attention to the importance of Investor Relations and help in the development of Investor Relations in Egypt. This is the first time that the role of Investor Relations has been investigated in Egypt, or indeed any Arab country. - The disclosure index used was modified to be suitable for companies working in the Egyptian environment context. This index could be used by other researchers to investigate internet financial reporting and disclosure for companies working in other Arab countries that are experiencing similar economic changes.

Download or read book An Investigation of the Egyptian Auditor s Perceptions of the Independence of the Auditor written by Sanaa Mohamed Badran and published by . This book was released on 1983 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Auditors Perceptions Toward Internet Financial Reporting written by Nurul Ain Omar and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Factors Influencing Independence of Auditors written by Yusasniza Mohd Yunus and published by . This book was released on 2005 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Contemporary Issues in Financial Reporting Auditing and Corporate Governance UUM Press written by Noor Afza Amran and published by UUM Press. This book was released on 2013-01-01 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contemporary Issues in Financial Reporting, Auditing and Corporate Governance offers theoretical and empirical background on three fundamental areas of accounting, namely financial reporting, auditing and corporate governance. This book is written in a clear and reader-friendly manner to create readers’ interest in the central issues of discussion. The uniqueness of this book is in its extensive coverage of national and internationally-oriented issues of financial reporting, auditing and corporate governance. This book is ideal for accounting and business related courses at upper undergraduate and post-graduate levels. With its broad coverage, the book should also be of interest to academicians, professionals, corporate managers, regulatory bodies and researchers.

Download or read book Internet Financial Reporting in Egypt written by Mostafa Mahmoud Kamel and published by . This book was released on 2017-01-27 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Machine Learning Advances in Computing Renewable Energy and Communication written by Anuradha Tomar and published by Springer Nature. This book was released on 2021-08-19 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers selected papers presented at International Conference on Machine Learning, Advances in Computing, Renewable Energy and Communication (MARC 2020), held in Krishna Engineering College, Ghaziabad, India, during December 17–18, 2020. This book discusses key concepts, challenges, and potential solutions in connection with established and emerging topics in advanced computing, renewable energy, and network communications.

Download or read book Perceptions on the Usefulness of Published Financial Information to the Egyptian Capital Market written by Abdelmohsen Mohamed Desoky and published by . This book was released on 2002 with total page 876 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Future of Financial Statements Audit written by Chye Tiam Tok and published by . This book was released on 1998 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effects of Auditor Disclosures Regarding Management Estimates on Financial Statement Users Perceptions and Investments written by Marcus Doxey and published by . This book was released on 2015 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: Regulators worldwide have recently proposed expanding the auditor's report in a number of ways, with investors showing particular interest in additional information surrounding management estimates. This study uses an experiment to examine the effects of auditor-provided estimate disclosures on financial statement users' perceptions of auditor independence, management credibility, reporting quality, and investment decisions. I manipulate auditor agreement with management's estimates and whether the estimates are incentive-consistent for management. I find that estimate disclosures are value-relevant for users' investment decisions. Additionally, given an unqualified opinion, users view auditors as more (less) independent when auditors agree (disagree) with management and management as less (more) credible when estimates are incentive consistent (inconsistent). In turn, independence and credibility perceptions influence perceived misstatement probability, financial reporting quality, and investment. The findings empirically support investors' arguments that auditor disclosures regarding management estimates increase the transparency and value-relevance of the audit report.

Download or read book Auditors Usage of Non Financial Data and Information During the Assessment of the Risk of Material Misstatement for an Audit Engagement written by Abdelmoneim Awadallah and published by . This book was released on 2017 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt: Audit firms that fail to detect fraud or material misstatements in the financial statements of their audit clients may suffer substantial monetary penalties and negative publicity in the event of audit failure. The present study investigates auditors' perception regarding the use of non-financial data and information to verify the validity of financial data and information reported by an audit client during an audit engagement. In addition, the current study considers the sources of information that auditors may depend on when searching for explanations for unusual trends in the financial statements of an audit client. The present study is based on a field study conducted in Egypt during the year 2014.Using a questionnaire supplemented by in-depth interviews, the present study showed that auditors are likely to make moderate use of non-financial data and information when assessing the risk of material misstatements during an audit. However, it seems that auditors prefer to depend on financial data and information more than non-financial data and information when developing expectations about account balances during an audit engagement. Furthermore, the present study pointed out that auditors appear to rely more on inquiries of audit client personnel than other sources of information when searching for explanations for unexpected trends in the financial statements of an audit client.

Download or read book External Audit Arrangements at Central Banks written by Mr.Atilla Arda and published by International Monetary Fund. This book was released on 2018-09-11 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of external audit arrangements at central banks. Its focus is on the annual audit of central bank financial statements, as well as legal and institutional measures that support audit quality and independence. The paper outlines good practices in these areas and provides a summary of actual practices observed based on a review of audited financial statements and central bank legislation. While the audit frameworks for central banks differ depending on their legal and institutional circumstances, central banks’ external audits increasingly follow international standards. Most of them are audited by auditors with international affiliations and embrace modern governance structures that provide for audit oversight. However, the paper also notes that a sizeable number of central banks do not publish the audit results in a timely manner, which leaves room for improvement in transparency practices.

Download or read book Essentials of Corporate Fraud written by Tracy L. Coenen and published by John Wiley & Sons. This book was released on 2008-02-13 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: Full of valuable tips, techniques, illustrative real-world examples, exhibits, and best practices, this handy and concise paperback will help you stay up to date on the newest thinking, strategies, developments, and technologies in corporate fraud. Essentials of Corporate Fraud provides an introductory look at fraud and the kinds of fraud that can occur in various areas of a company.

Download or read book Evaluating the Impact of Institutional Logic on the Corporate Internet Reporting by Egyptian Listed Companies written by Iman Arafa and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores the institutional logic(s) governing the Corporate Internet Reporting (CIR) by Egyptian listed companies. In doing so, a mixed methods approach was followed. The qualitative part seeks to understand the perceptions, believes, values, norms, that are commonly shared by Egyptian companies which engaged in these practices. Consequently, seven cases of large listed Egyptian companies operating in different industries have been examined. Other stakeholders and stockholders have been interviewed in conjunction with these cases. The quantitative part consists of two studies. The first one is descriptive aiming to specify whether the induced logic(s) from the seven cases are commonly embraced by other Egyptian companies. The second study is explanatory aiming to investigate the impact of several institutional and economic factors on the extent of CIR, types of the online information, quality of the websites as well as the Internet facilities. Drawing on prior CIR literature, four potential types of logics could be inferred: efficiency, legitimacy, technical and marketing based logics. In Egypt, legitimacy logic was initially embraced in the earlier years after the Internet inception. latter, companies confronted radical challenges in their internal and external environments which impelled them to raise their websites potentialities to defend their competitive position; either domestically or internationally. Thus, two new logics emphasizing marketing and technical perspectives have emerged, in response. Strikingly, efficiency based logic is not the most prevalent logic driving CIR practices in Egypt as in the developed countries. The empirical results support this observation and show that almost half of Egyptian listed companies 115 as on December 2010 possessed an active website, half of them 62 disclosed part of their financial and accounting information, during December 2010 to February 2011. Less than half of the websites 52 offered latest annual financial statements. Fewer 33(29%) websites provided shareholders and stock information or included a separate section for corporate governance 25 (22%) compared to 50 (44%) possessing a section for news or press releases. Additionally, the variations in CIR practices, as well as timeliness and credibility were also evident even at industrial level. After controlling for firm size, profitability, leverage, liquidity, competition and growth, it was realized that industrial companies and those facing little competition tend to disclose less. In contrast, management size, foreign investors, foreign listing, dispersion of shareholders and firm size provided significant and positive impact individually or collectively. In contrast, neither audit firm, nor most of performance indicators (i.e. profitability, leverage, and liquidity) did exert an influence on the CIR practices. Thus, it is suggested that CIR practices are loosely institutionalised in Egypt, which necessitates issuing several regulative and processional rules to raise the quality attributes of Egyptian websites, especially, timeliness and credibility. Beside, this study highlights the potency of assessing the impact of institutional logic on CIR practices and suggests paying equal attention to the institutional and economic factors when comparing the CIR practices over time or across different institutional environments in the future.

Download or read book Powering the Digital Economy Opportunities and Risks of Artificial Intelligence in Finance written by El Bachir Boukherouaa and published by International Monetary Fund. This book was released on 2021-10-22 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.