The relevance of compliance audit on companies’ compliance with disclosure guidelines of financial statements

Thottoli, Mohammed Muneerali

doi:10.1108/joic-12-2020-0047

Cited by 11 publications

(6 citation statements)

References 33 publications

(33 reference statements)

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“…As CSR is a growing concern, it is believed that some critic's view on CSR is largely ineffective in perception as a negative influence of business on society and leads to scarcity of public goods (Schneider, 2020). CSR compliance with stakeholder's profitability targets is often in disagreement with the cost engaged input up CSR practices (Sahut et al ., 2019; Thottoli, 2021a). Some of the countries made CSR spending and disclosures as mandatory requirements.…”

Section: Introductionmentioning

confidence: 99%

The impact of web marketing on corporate social responsibility (CSR) and firms' performance

Thottoli

Thomas

2021

RAMJ

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PurposeThe current study seeks to examine the impact of web marketing (through the company's website) on corporate social responsibility (CSR) and firms' performance across companies listed in the Muscat Stock Exchange (MSX), Oman.Design/methodology/approachThis research analyses qualitative and exploratory data taken from companies' website, annual reports (the financial year 2019), Google search and CSR report from 69 out of total 117 listed companies in the MSX to analyze the impact of web marketing on CSR and firms' performance proxied by return of assets (ROA), return of equity (ROE) and Tobin's Q (TQ).FindingsWeb marketing on CSR positively affects firms' performance. Especially, the positive effect of web marketing on firms' performance is stronger for listed companies. Web marketing enhances financial performance proxied by ROA, ROE and TQ.Practical implicationsThe research findings provide new insights that are able to enlighten governing bodies in Oman to make standardized compulsory CSR spending (say, 0.5% on profit after tax) by listed companies in MSX.Originality/valueThis research presents evidence that web marketing on CSR can increase firms' performance and brand image among stakeholders. This is the first study to examine the impact of web marketing on CSR and firms' performance using empirical data in Oman.

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Section: Introductionmentioning

confidence: 99%

The impact of web marketing on corporate social responsibility (CSR) and firms' performance

Thottoli

Thomas

2021

RAMJ

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“…Innovative strategies for corporate branding should be employed by hotel industries by applying the latest information communication technology tools in connection with marketing on corporate branding, compliance with internal regulations on corporate branding, accounting on corporate branding and auditing on corporate branding to enhance the firm’s financial performance (Thottoli, 2021c, d; Thottoli, Thomas, & Ahmed, 2019a, b, c; Thottoli & Thomas, 2020).…”

Section: Discussionmentioning

confidence: 99%

Corporate branding and firm performance: a study among Oman hotel industry

Thottoli

Harthi

2022

AGJSR

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PurposeThe study aims to assess how corporate branding affects firm performance in the context of the Oman hotel industry, listed on the Muscat Stock Exchange (MSX).Design/methodology/approachThis study approach was made by way of a mixed method. First, it examines qualitative and exploratory information collected from companies’ internet sites, audited annual reports (the financial year 2019) published in MSX, web searches and websites of companies and travel agencies from all the eight listed hotel companies in the MSX to examine the impact of corporate branding on firm performance proxied by return of assets (ROA) and return of equity (ROE) and secondly, it assesses the measurement and structural models by applying partial least squares structural equation modeling (PLS-SEM).FindingsThe findings recommend that well-thought-out web marketing on corporate branding by hotel companies leads to firm performance. The findings indicate that corporate branding on travel agency websites and a company’s own website can help businesses become more profitable. In addition, there is a synergistic connection on corporate branding of the hotel industry, including the presentation of a novel hotel narrative, the conception of a cornerstone loyalty program, the demonstration of excellence in hospitality and service, information on timely amenities like Covid-19 safety measures and the use of technology and experiential elements through platforms like the company website or the website of the travel agent all essential to achieve firm financial performance. As per the importance–performance matrix map, websites of travel agents (agoda.com, booking.com and hotels.com) had the importance (agoda.com 0.616, booking.com 0.959 and hotels.com 1.036) to impact companies’ corporate branding and firm performance, whereas Google search shows a value of −1.954, which has no impact on companies’ corporate branding.Research limitations/implicationsThe study considered only one hotel/tourism industry to know the effect of corporate branding on firm performance. Further studies may be chosen on other industries needed to allow for generalization.Practical implicationsThis study aims to provide insights into how the hotel industry can make use of corporate branding through the company website, Google sites and websites of companies’ travel agency by providing timely updated promotion, facilities, quality services and hygiene matters to enhance firm performance.Originality/valueThis study provides empirical evidence to find various factors of corporate branding of the hotel industry’s firm performance. In addition, the study offers valuable insight into the nonmonetary measures of achievements.

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“…This shows that the field of a compliance audit is still in its early stages of development. Although there have not been any past studies that have examined all the compliance audit research disciplines, as indicated by [5], the exponential rise in publications testifies to the growing interest in this field of study. Furthermore, no previous articles have offered a bibliometric study with comprehensive coding analysis based on the supporting evidence, goals, and potential research prospects.…”

Section: Discussionmentioning

confidence: 99%

“…However, they fail to comply with business regulations and are penalized severely by the government. However, a compliance audit and sustainability accounting reports guarantee improved oversight of the organization's legal issues and help to abide by a variety of additional rules, including tax laws, environmental laws, consumer protection laws, and other related business laws [4][5][6] aimed to test how stakeholders are involved in the sustainability accounting and reporting processes of Australian local councils.…”

Section: Introductionmentioning

confidence: 99%

Auditing and Sustainability Accounting: A Global Examination Using the Scopus Database

et al. 2022

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Purpose: Sustainability accounting measures performance toward sustainability that ensures accountability of the provision of conventional accounting information. A compliance audit is a thorough examination of a company’s compliance with regulatory requirements. Compliance audit reports assess the strength and diligence of regulatory compliance measures, security guidelines, risk management processes, and user control regulations during a compliance audit and sustainability accounting reports. Auditing plays an important role in ensuring that all financial information-related conventions are followed properly. Hence, the current research aims to explore the conceptual structure in the knowledge of auditing and sustainability accounting using a bibliometric analysis, intending to contribute to a better understanding of this field of study. Design/methodology/approach: This study used bibliometric analysis to examine the research on compliance audits between 2000 and 2021, using a sample of 330 research articles from Scopus databases, with only articles and review papers published on the business subject. This study also examines the applicability of Bradford’s laws and Lotka’s law. Findings: The bibliometric analysis reveals trends in the field of auditing and sustainability accounting research publications, indicating that compliance audit is a developing subject, and it still confronts challenges in mainstream accounting and auditing research. The high proportion of cited articles by a few authors, on the other hand, suggests that compliance audit is still a niche field of study. Between 2009 and 2021, the number of articles increases significantly, and the leading Scopus indexed journals, authors, and collaboration networks are identified. In light of the preceding literature’s views, some significant research gaps and further proposals for future studies are identified. Research limitations/implications: This research analysis is based on data taken only from the Scopus database; some flaws will be apparent in the findings. Originality/value: This research contributes to the area by examining the present advancements of the compliance audit and sustainability accounting, highlighting existing gaps in the literature, and, most importantly, proposing future research for the field.

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The relevance of compliance audit on companies’ compliance with disclosure guidelines of financial statements

Cited by 11 publications

References 33 publications

The impact of web marketing on corporate social responsibility (CSR) and firms' performance

The impact of web marketing on corporate social responsibility (CSR) and firms' performance

Corporate branding and firm performance: a study among Oman hotel industry

Auditing and Sustainability Accounting: A Global Examination Using the Scopus Database

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