The study has been carried out to identify auditors' perception regarding fraud prevention measures. In particular, the research focuses on the differences in perception of the effectiveness of fraud prevention measures among three categories of fraud: fraudulent financial statement, misappropriation of assets and corruption. In the analysis Friedman test and Wilcoxon test were used to examine differences in perception of the effectiveness of fraud prevention measures. The results of the analysis show that there are significant differences in terms of auditors' ranking of fraudulent financial statements, misappropriation of assets and corruption for the following fraud prevention measures: establishing corporate code of conducts, effective audit commitee, and external auditors. Additionally, respondents have significant difference in their opinion regarding the effectiveness of developing an appropriate oversight process in preventing fraudulent financial statement, misappropriation of assets and corruption.
This study investigates the relationship between environmental, social, and governance (ESG) performance and financial reporting quality (FRQ) through the use of data from Datastream, Refinitive Eikon and ASSET4 databases. The initial sample of the study covers all available firms in ASSET4. After eliminating firms with missing data, the final sample of the study consists of 16,072 firm-year observations from 35 countries, covering the years from 2010 to 2017. Several FRQ proxies and firms’ ESG performance indicators are used in the study. The panel regression findings reveal that firms’ ESG performance has a positive impact on FRQ. In other words, it has been found that improving the ESG performance of firms yields higher FRQs. As for ESG pillars, this study finds a positive and statistically significant relationship between FRQ and environmental and governance pillars. The study extends the literature by providing international evidence not only about the aggregate effects of firms’ ESG performance on FRQ but also the effects of each of the three ESG pillars on FRQ.
In this global world, after USA corporate accounting scandals (Enron, Tyco etc.) the awareness of ethics education spread worldwide. Over the last few decades an increasing number of studies have highlighted the need to incorporate ethics into business education. Furthermore, corporate accounting scandals and corporate failures occurred in Turkey (Imarbank etc.) triggered the interest of people to the subject of ethics in accounting in Turkey. The objective of this paper is to identify the extent of ethics in accounting education in Turkey. In order to achieve this objective web sites of public and private universities in Turkey are visited. In the study content analysis was conducted. According to the results of the study, the number of ethics in accounting courses offered in undergraduate, graduate and doctorate programs are three, nine and two, respectively. It is concluded that even though the education of ethics in accounting has been progressing drastically in developed countries, it still needs further improvement in developing countries like Turkey.
Corporate education is centred on introducing learning techniques to stimulate employees to think about what their organisation does, where it is heading, potential new opportunities for the organisation, and new and better ways of doing things. While the role of corporate training is to develop the operational competency of individuals, the purpose of corporate education is to promote the development of capability of both an individual and their organisation. Organizations operating in knowledge economies require a workforce that has knowledge about other business functions along with their specilized area. In the last decade corporate training turned into corporate education in Turkey. As an important business function, accounting is one of the most preferential training subject in Turkey. The purpose of the chapter is to identify differences between corporate education and corporate training. Additionally, the study explains growing importance of corporate education in accounting area for Turkish business life.
Enhanced transparency of audit firms provides information regarding audit firms corporate governance and quality control applications. Moreover, transparency improves audit quality. Focusing on education of partners and staff may also contribute to a culture that promotes audit quality. This paper investigates whether continuing education part of transparency reports are in accordance with the Independent Audit By-Law and whether there is a difference on transparency in 2014, 2016 and 2017. In the study, 2017 transparency reports of 88 audit firms are examined and content analysis is conducted. According to the results of the study it can be concluded that there is no significance increase in the transparency level of companies regarding their education policy since 2014. It is higly recommended that all audit firms should consider disclosing Continuing Professional Education (CPE) hours of each auditors in their transparency reports in the future.
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