Joshua Onome Imoniana

Auditor-client alignment through competitive priorities – evidence from Italy

This study investigates the alignment of the big-four independent audit firms and their respective clients in Italian environment. Investigating auditor-client alignment through competitive priorities therefore, tends to bridge the gap between academia and practice. It is interventionist in nature and tends to produce thought leadership information to improve business decision-making, interpret complex questions affecting both sides and finally establish a fact base for auditor-auditee relationship. It is exploratory in nature and supported with the question: if the independent auditor is aligned with the client based on competitive priorities? Selecting a purposeful sample of eight independent auditors and their respective eight clients, data was gathered face-to-face and have been treated through: content analysis of qualitative data automated through NVivo and descriptive analysis of some structured questions. Finally, based on findings, we conclude for no association of competitive priorities more val...

Revisiting the concepts of forensic accounting and corporate fraud

Forensic accounting initiates the exercise of fire extinguishing in a burning business environment to restore comfort to the demanding parties. Toeing this line this study is aimed at analysing the concepts to date and present methodologies for its investigation. The main question being answered is what is the characteristic of forensic accounting that holds it as professional accountants’ innovation to curb corporate accounting malpractices? Data gathered were analysed through icons that represent formalism in the theory of self re-production. Findings make us to conclude that the idea that frauds have been least detected by auditors begins to gain shape as auditors are more adequately trained to detect fraud. Noteworthy that the customary systematic methodology for auditing does not serve forensic accounting investigation rather, a tete-a-tete with the least ranking staff up to the CEO considered through a less structured approach is likely to assist in reaching the desired objectives.

The Evaluation of Networks Performance in Cultural Heritage Through Intelligent Systems

The paper analyses and discusses the application of intelligent systems in cultural networks by proposing a framework of performance evaluation based on the network approach. This approach is the natural evolution of cultural institutions that starts from the ownership and preservation of cultural heritage, to the use of web tools and to the perspective that considers the real user’s need identified not as simple information but as process to acquire a cultural awareness as the basis for cultural fruition. The research examined the search software based on the intelligent ones such as the Inquiry-Answer Extraction Networked System for Sustainable Tourism (IAST) to evaluate the performances. Thus, the basic research question is: which are the characteristics in the application of intelligent systems for cultural heritage networks which suggest a specific performance evaluation framework? On the basis of the undertaken analysis, different search tools existing in WEB could be applied to different profiles of users underlining the trade off between organizational top-down and bottom-up approaches.

The analytical review procedures in audit: an exploratory study

This study investigates the relationship between the audit objective and the choice of substantive procedures used to ensure the satisfaction of the auditor. The research that gave support to the current study is exploratory and adopted a non-probabilistic sample comprising 28 auditors of an Undergraduate and Master’s degree programs in Accounting of a Brazilian University. Thus, to preserve the maturity and skill expected of the respondents of the research we restricted a minimum of one year of auditing experience for the auditor that might have served in one of the Big Four Auditing firm. Methodology wise, we applied a qualitative ordinal approach and the research question is as follows: What are the characteristics of Analytical Review Procedures that guide auditors’ judgment while choosing among a mix of procedures to meet the requirements of the substantive tests? Our analysis was based on absolute frequency analysis of the use of the substantive procedures. In this respect, our results revealed that auditor’s satisfaction is anchored on the materiality of the accounts or group of accounts to be audited. Yet they give a relative importance to judgment of risk and relevance of misstatement that each account presents. In so doing, auditors give preference to substantive procedures in which one is able to gather information from third parties to confirm accounting balances while giving less priority to recalculation of routine tests developed by the audited entities.

Teste do CAPM condicional dos retornos de carteiras dos mercados brasileiro, argentino e chileno, comparando-os com o mercado norte-americano

Over the last few decades the Capital Asset Pricing Model (CAPM) has roused great interest in the scientific community. Despite suffering criticism, improvements in the static CAPM have given rise to new dynamic models that provide the investor with enhanced safety over the period of the business cycle. Currently, we find more complex adaptations of the CAPM, which provide us with answers to questions in finance that have long remained unsolved. Given this panorama and considering the whole debate about the feasibility of the CAPM, the objective of this work is to test the conditional Capital Asset Pricing Model of Jagannathan and Wang (1996), which incorporates macroeconomic and financial variables, for the Brazilian, Argentinian, Chilean and North American markets.En las ultimas decadas, el CAPM (Capital Asset Pricing Model) ha despertado gran interes por parte de la comunidad cientifica. A pesar de las criticas, el perfeccionamiento del CAPM estatico dio origen a nuevos modelos dinamicos que le proporcionan mayor seguridad al inversor a lo largo del ciclo de negocios. Actualmente, encontramos adaptaciones mas complejas del CAPM, que nos permiten tener respuestas sobre cuestiones financieras que durante mucho tiempo permanecieron no solucionadas. Ante ese panorama y considerando todo el debate acerca de la validez del CAPM, este trabajo tiene como objetivo probar el CAPM condicional de Jagannathan y Wang (1996), incorporando variables macroeconomicas y financieras, para el mercado brasileno, argentino, chileno y norteamericano.

Determinants for the composition of the board of directors in SMEs: evidence from Brazil

The objective of this study was to analyse the determinants for the composition of board of directors of publicly traded SMEs in ABC region of Metropolitan Sao Paulo. The study is of great relevance in Brazil in that, it contributes to solve problem of lack of publications. Similar studies analysed the sizes and types of boards, financial performance, independence and none of them focused on composition of the boards in SMEs. In light of this, we question which factors were determinant for the composition of the board of directors of private publicly traded SMEs? We surveyed 60 enterprises from the industrial association of ABC region of which 20 were our respondents. Our findings make us conclude that the main determinants for the composition of the board of directors in private publicly traded SMEs in the ABC region of Metropolitan Sao Paulo are the CEOs and life cycle of the enterprise.

The role of IS Auditing in assurance services

This study investigates the role of IS auditor concerning the digital environment in the assurance services. The study has its relevance where the implications of abandonment of ISA 401 or suppression ISA 620 in auditing engagement particularly, when one reflects upon the current complexity from use of digital technologies and the questionings arising from the recent financial scandals. As a result, this phenomenon has challenged the knowledge, expertise and role of independent auditors, which is primarily aimed at ensuring the reliability of accounting information by asserting business transactions or events in terms of integrity, occurrence, accuracy, cutoff, classification and disclosure. The study toes the critical reality theories to in-depth investigate the role of IS audit in financial audit engagement team in this digital environment. Based on our analysis, the independent auditors need to rethink the neglect of ISA 401 and ISA 620 in order to ensure the true rule of quality of financial statement audit.

Critical remark on multi-criteria approach to corporate auditing risk assessment - evidence from Brazil

Audit risk assessment concerns establishing a confidence level for engagement, thereby enhancing the detection of RMM and in so doing assisting the selection of mitigating procedures. This study examines the risk evaluating approaches predominantly adopted by big-4 and the second tier firms and proposes a CARM using the multi-criteria approach. In order to support the said objective one draws on the following philosophical premise: corporate audit risk is a sum of service risk and auditing risk whose values scaled by multi-criteria assessment results a reliable auditor value judgment. Upon simulating the model, results show that on one hand, audit partners would only accept audit services with low service risk and on the other hand, audit proposal that conjugates significant and very significant ethical risk; moderate, significant and very significant moral risk; moderate, significant and very significant loss of earning risks; would be treated with extreme due professional care by auditors.

TRANSPARENCY MEASURES IMPLEMENTED BY ORGANIZATIONS IN THE PROCESS OF CORPORATE GOVERNANCE

This paper attempts to verify the impacts caused in the financial indexes by the adoption oftransparency measures through the analysis of the board of directors’ report from the companieslisted in the Industrial Building sector contained in BM&FBovespa. As a result of that, themethodology adopted in this study was quanti-qualitative using descriptive and documentalresearch techniques, since the subject of this research has never been developed before. Thepopulation was composed of 17 participating companies from the New Market of Bovespa which,with other data, was statistically calculated by SPSS software using Mann-Whitney and T test forIndependent Samples. The result allows the inference that there were no significant relationshipbetween the adoption and communication of transparency measures and the financial indexes.

ROLE OF INTERNAL AUDITING IN MANAGERIAL PRACTICE IN ORGANIZATIONS

Owing to transactional evolution among business entities, practically associated with globalization,internal auditing assumes a relevant role in the organizational context as it advises and supportsmanagement. In this said scenario there is a provocative inquiry about the activities of internalauditing be it in a technical perspective or its contribution to the managerial duties. Towing theaforementioned, the current study aims to provide answers to the following question: what is theperception of the managers about the role of internal auditors in the managerial practice anddecision-making process in organizations and society at large? The study was restricted to nonfinancialinstitutions of the State of Sao Paulo with shares traded in the Bovespa Stock Market. Weadopted the descriptive methodology and primary data was obtained through structuredquestionnaire. The codified, tabulated and analyzed data permits us to conclude that internalauditing, based on the perception of Managers is a management enhancing tool, supporting theorganizations to meet up their objectives that implies in contributive information. This also meansmitigation of strategic risk and strengthening of internal control systems for decision making.Overall, we assure readers that there are needs for further studies involving a greater number ofsamples in order to guide a more extensive prognostic on the subject.