Suchergebnisse

• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 42: Nikko Cordial (Japan, 2007)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …of just USD 4.2 million – a pittance by U.S. standards. And, although in monetary terms, the fraud was some eight times greater than, for…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Case 44: Satyam Computer Services (India, 2009)

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …world. The ICAI was in the process of introducing the supposedly superior Inter- national Financial Reporting Standards (IFRS) in India. Satyam was one of… …their standards of corporate respon- sibility and reassess their CSR approach. The managing director of a public rela- tions firm warned: “If Indian… …Standards: Loose Governance Facilitated Fraud, The Washington Post, January 10, 2009 Founders of Indian Company…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  Fraud Theories

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …control components � Inappropriate values or ethical standards of management � Strained relationship between management and auditor Incentive/ Pressure… …standards that allow an individual to knowingly and intentionally commit a dishonest act. Research shows that only about 20% of business executives are…
• eBook-Kapitel aus dem Buch Accounting Fraud

  Chapter 4: Conclusion and Outlook

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …strongly with our norms and values. The fraudulent accounting practices clearly violated expected standards of behaviour. The sight of top executives being… …probability, the malfeasance is detected. Other factors contributing to accounting fraud may include unrealistic performance standards that fail to take into… …conspiracy. Often, the one or two perpetrators don’t even realize that they are stepping over the line and might be violating accounting standards. 4. It… …and hiring and promotion standards. – A comprehensive fraud risk assessment helps senior management to under- stand their fraud risks, identify gaps…

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  A Practice Aid for Company Executives: The Ethics Barometer

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …right “tone at the top”. A.3 I believe that the CEO and the other senior executives are fully committed to upholding the company’s standards of… …. A.12 It is easy for me to comply with the company’s standards of conduct because there is a strong level of commitment from top management and… …violation of the company’s standards of conduct to local management, I believe my report would be handled confidentially and I would be protected from… …retaliation. B.11 If I reported a violation of the company’s standards of conduct, I believe appropriate action would be taken and those involved would be… …disciplined fairly regardless of their position. B.12 If I reported a violation of the company’s standards of conduct, I believe I would be doing the… …the company’s standards of conduct. Only people with integrity are considered for promotion. B.16 Performance evaluation criteria at the… …standards of conduct is provided to me when I need it and is clear and easy for me to understand. C.4 The training is effective in guiding my decisions… …conducts a strategic analysis on non- compliance risks. C.19 The company has made sufficiently clear to me the incentives to uphold the standards of… …seen any manager or employee violating the company’s standards of conduct. D.2 If discovered, the violations I observed would not result in… …standards of con- duct, I think it would be because they are trying to help the organization achieve its goals and meet its business targets. D.5 If a…

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• eBook-Kapitel aus dem Buch Accounting Fraud

  A Practice Aid for Auditors: Fraud Interviews – An Inquiry Guide

  Prof. Dr. Klaus Henselmann, Dr. Stefan Hofmann

  …practice aid designed to help the audit team to plan and tailor these fraud interviews as required by the international auditing standards. It in- cludes… …company’s business practices, business principles, ethical standards, codes of conduct or relevant legislation? (3.) Questions to ask the CFO – Do… …Act? Appendix: Practice Aids 301 (6.) Questions to ask the Head of Human Resources – How are ethical standards and codes of… …transactions in the company’s accounting records? – Do your co-workers and your supervisor demonstrate high ethical standards? Do you think the people you… …: Statement on Auditing Standards No. 99 (SAS 99): Consideration of Fraud in a Financial Statement Audit, October 2002 Buckhoff, Thomas A. / Hansen, James D…

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• eBook-Kapitel aus dem Buch Revision des externen Rechnungswesens

  Prüfungsfelder

• eBook

  Global Management Challenges for Internal Auditors

  ECIIA Yearbook of Internal Audit 2010/11
  

  978-3-503-12977-5

  European Confederation of Institutes of Internal Auditing (ECIIA), Neil Baker, Philipp Friebe, Adrián Garrido, u.a.

  …internal audit teams will be crucial. The experts of the ECIIA offer you insights and their knowledge about Internal Audit Standards & Professional Practice…
• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  Internal Audit Standards: Everything for Everybody

  Inta Ozolina

  …15 Internal Audit Standards: Everything for Everybody? By Inta Ozolina, Internal auditor (ACCA, CIA) The applicability and scope of IAI… …Standards has been an object of discussion for some time now. One of the issues of these discussions is – whether all companies should apply the Standards… …to the same extent. Namely, whether smaller companies with smaller size internal audit teams should comply with the same scope of Standards and how… …they should do it. We all know that the Standards are extensive, cover most key areas of internal audit profession and work. Even more – the… …Practice Advisories provide further interpretation of the general statements of the Standards. Of course, the mentioned documents are only for guidance… …Standards and use the phrase ‘in compliance with the IAI Standards’ in their reports. To be able to do that, a regular external assessment must be done at… …16 Another area where formal compliance with the Standards may be difficult to obtain is documentation. Many business internal auditors try to… …ensure. The discussion on issues of small audit teams could go on and on. However, the aim of this article is not to diminish the value of Standards… …against Standards is one of the means. However, if small audit teams, irrespective of how professional, qualified and experienced they are, avoid such… …assessment because the requirements are just unrealistic, the Standards really lose their meaning. I think it is a high time to raise this discussion and…

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• eBook-Kapitel aus dem Buch Global Management Challenges for Internal Auditors

  International Professional Practices Framework – Overview of the current guidance of the Institute of Internal Auditors

  T. Flemming Ruud, Philipp Friebe, Daniela Schmitz, Shqiponja Isufi

  …important changes to the Standards are introduced and finally, the conclusion evaluates the changed framework and gives an outlook for the future… …. Non-members have access to the Definition of Internal Auditing, the Code of Ethics, the Standards and the Position Papers on this homepage. International… …Professional Practices Framework 19 2.1 Mandatory Elements As figure 1 shows, the Definition of Internal Auditing, the Code of Ethics and the Standards… …with in order to follow the principles. Apart from a change to the wording, the Code of Ethics was also adopted unchanged. The Standards are… …types of Standards are used; Attribute Standards, Performance Stan- dards and Implementation Standards (cf. Figure 3). The Attribute Standards outline… …the characteristics of individuals and organizations which perform Internal Audit activities. The Performance Standards specify the purpose and… …Standards and the Performance Standards apply to all Internal Audit services. They are supplemented by the Im- plementation Standards, which contain specific… …A, e.g. 2120.A2) or Consulting Services (identified by a C, e.g. 2120.C3). The Standards also include a Glossary which defines the terms and… …Standards by specifying approaches, methods and best practice. The guidance refers to global, national and sector- specific aspects, to specific audit… …Important Changes to the Standards The Standards shown above represent the core of the IPPF. In the revision of the framework the Standards were updated…

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