Suchergebnisse

Übungsbuch für Anfangssemester

Aus dem Vorwort: Diese Arbeit ist eine systematische und umfassende Monographie zur Prüfung der Vorratsinventur im Rahmen der handelsrechtlichen Jahresabschlußprüfung. Sie liefert dem Abschlußprüfer im allgemeinen und dem Inventurprüfer im besonderen wertvolle Informationen für die praktische Durchführung von Inventurprüfungen. Personen, die sich mit der Planung und der Durchführung von Inventuren beschäftigen, bietet sie eine wertvolle Orientierungs- und Entscheidungshilfe.

ABSTRACT
An ongoing debate revolves around instruments for enhancing the audit quality perceptions of financial statements users. Therefore, we investigate two measures that lack empirical evidence, but could theoretically improve perceived audit quality. These are a nonprovision of NAS (either by pure audit firms, or a nonprovision of NAS to audit clients) and a statutory fee schedule. We conduct an experiment with German bankers and nonprofessional investors. The results indicate that a nonprovision of NAS to audit and to all clients (i.e., pure audit case) increases perceived audit quality only if the audit firm sets audit fees internally. Moreover, a statutory fee schedule only increases perceptions of audit quality in the case of a simultaneous provision of audit services and NAS. Consequently, instead of full-banning NAS, an alternative approach would be to introduce a statutory fee schedule that would still permit the provision of NAS while adhering to existing caps.
JEL Classifications: M42; M48.

Numerous corporate scandals, in conjunction with managerial misbehavior, demonstrate the need for compliance management systems (CMS) and the relevance of CMS assurance. This study investigates the impact of CMS assurance on German bank directors' perceptions and decisions, and analyzes whether the type of assurer and the level of provided assurance are relevant. For this purpose, we conducted an experiment with 105 bank directors and used ANOVA to analyze their reliance on the hypothetical company's CMS, and their decisions regarding credit granting, purchase, and recommendation of shares. We chose a 2 × 2 + 1 between-subjects design, manipulating the assurance provider (audit firm vs. third party) and the level of assurance (limited vs. reasonable), and adding a control condition without any assurance. Our results suggest that assured CMS positively affect bank directors' perceptions and decisions, compared to CMS without assurance. Furthermore, we find that our perception measure and all three of our decision measures are strongly associated with the choice of assurance provider, but only two decision measures are associated with the assurance level. Bank directors prefer assurance provision by an audit firm, whereas the findings regarding the impact of the assurance level are inconclusive. The study's results, which confirm the decision-usefulness of CMS assurance, are of interest for managers, in particular compliance officers, auditors, creditors, regulators, and academics.

Executives in Europe have significantly expanded their role in operations - in parallel to their strategic leadership. At the same time, they need to make decisions faster than in the past. In these demanding times, a redesigned Business Intelligence (BI) should support managers in their new roles. This book summarizes current avenues of development helping managers to perform their jobs more productively by using 'BI for managers' as their central, hands-on, day-to-day source of information - even when they are mobile.

Compares auditors' legal liability to third parties in several major countries, with principal emphasis on comparisons between the USA and the UK. Public accountants claim that they are being adversely affected by lawsuits brought by shareholders, creditors and other third parties. It has been asserted, without any specific evidence, that increased exposure to legal liability has caused public accounting firms to cease the practice of auditing or go out of business entirely. Details auditors' legal liability to third parties in the USA and Europe and, in particular, the UK. Concludes by reviewing certain positions taken by the Fédération des Experts Comptables Européens with respect to auditors' legal liability in the face of European economic and political union.

ABSTRACTResearchers and regulators regularly debate whether mandatory audit firm rotation affects audit quality. Theoretically, rotation might improve auditor independence but impair competence. In 2014, the European Commission mandated audit firm rotation for public-interest entities, starting from 2020 for nonfinancial firms. However, any auditor change in the transition period could already be interpreted in light of the upcoming mandatory rotation regime, consistent with anecdotal evidence on such interpretations. These changes provide a unique setting because auditors have strong incentives to build a reputation for high-quality audits when choosing to participate in the market for rotations during the transition period. Using a balanced panel of 287 German firms and data from 2014 through 2019, we hypothesize and find lower discretionary accruals, abnormal working capital accruals, and total accruals in the first year after rotation. This effect is restricted to smaller public companies.Data Availability: The data are from public sources and are available from the third author upon written request.JEL Classifications: M42; M48.

One of the most important recent expansions of the auditor's report within the EuropeanUnion, but also in the International Standards on Auditing, is the mandatory disclosure ofkey audit matters (KAMs). This paper investigates whether or not the likelihood of a KAMdepends upon the level of precision and detail of an accounting standard. We use the Rules-Based Characteristics (RBC) score of Mergenthaler (2009) validated in Donelson, McInnies,and Mergenthaler (2012) to determine whether an accounting standard is more precise,i.e., whether the accounting standard is more rules-based. We also analyze the impact ofaccounting standard precision on the readability of the auditor's report. The sample consistsof FTSE 100 (UK), CAC 40 (France), and AEX 25 (Netherlands) companies that disclosedKAMs in 2016. The findings show that the probability of a KAM increases with more preciseaccounting standards. Our results also show that the disclosure of KAMs that are basedon accounting standards with higher rules-based characteristics decreases the readabilityof auditors' reports. This paper contributes to the literature by showing how accountingstandard precision interacts with the auditor's report from the point of view of the preparer(auditor) and of the user of the report ; info:eu-repo/semantics/publishedVersion