Accounting Services Research Articles

Forensic Accounting Services as a tool for Fraud Mitigation in Selected Kwara State owned Tertiary Institutions in Nigeria

This study examined the impact of forensic accounting services on fraud mitigation in selected tertiary institutions in Kwara State. Specific objectives examined the impact of investigation service and digital forensic service on fraud. The study adopted survey research design. The population for the study comprised of principal officers, bursary, account/audit staff of the six selected tertiary institutions in Kwara State. Stratified Random Sampling was used comprising of 157 staff of the selected institutions. Data were collected using a structured questionnaire. Data collected were analyzed using Partial Least Square and Structural Equation Model (PLS-SEM). With a path coefficient of 0.592and 0747 respectively, findings revealed that investigation service and digital forensic service of forensic accountants have a statistically significant negative impact on fraud. It was concluded that forensic accounting services have a significant impact on fraud in tertiary institutions in Kwara State. The study recommended amongst others that tertiary institutions should adopt a comprehensive anti-fraud strategy that combines fraud prevention, detection and prompt response measures. It was also recommended that tertiary institutions should engage the services of forensic accountants at the early stage of a suspected fraud case. Keywords: Forensic Accounting, Fraud, Fraud Mitigation, Investigation Services, Digital Forensic Services, Kwara State, Tertiary Institutions, Corruption.

Kreatív számvitel megítélésének, alkalmazásának vizsgálata

We have chosen creative accounting as the subject of our study, which many people associate with fraud and illegal methods. We asked professionals in the field how they interpret this phenomenon and whether they use it in any of its aspects. To do this, we created a 16-question questionnaire, which we sent out exclusively to accountants and professionals, and closed the door to responses on 8 October 2023, with 134 completed. In this paper, we have focused on the perception of creative accounting, but we have also touched on its application, but we were aware that respondents would be reluctant to answer questions that were too personal and direct. One of our research questions was about perceptions of creative accounting, one was about the importance of accounting principles and two sought to find correlations between the responses. The aim of this study, by sending out the questionnaire, is to improve the perception of creative accounting and to raise awareness of the importance of its use, within a legal framework of course. We would also like to encourage professionals to think that their accounting service should not consist of simply carrying out routine tasks, but that they should consider for each of their companies what activities, and possibly changes in their choices, could help them to achieve optimum operation, tax payments and thus a higher rate of profitability for their company.

Accountability as a service for robotics: Performance assessment of different accountability strategies for autonomous robots

Abstract An essential requirement for increasing human confidence in computer systems is knowing an event’s origin. Therefore, it is necessary to have an efficient method to record such information. It is especially challenging in robotics, where unexpected behaviours can have unpredictable consequences, endangering the interests of people or even their safety. Furthermore, to analyse an incident’s cause or anticipate future behaviours, we must identify the events that cause a specific action. Although it is common to use logging systems for such purposes, issues such as partial recording of events, unhelpful data or the impact on robot performance suggest conceiving new accountability solutions that assist when determining the responsible entities or the provenance of specific information. This paper presents a general-purpose approach to developing an accountability system for autonomous robots. It consists of four main components: a system event logger, a message producer, a distributed event streaming platform and a database. Our proposal is completely decoupled from the monitored system and allows real-time analysis, improving flexibility, besides system protection and transparency. Finally, the need to reduce the impact of the audit process and logging tasks on robot performance has promoted the development of different assessment scenarios to determine the best strategy for providing accounting services.

Account Information and Payment Initiation Services and the Related AML Obligations in the Law of the European Union

Account Information and Payment Initiation Services and the Related AML Obligations in the Law of the European Union

Analysis of Investor’s Contentment towards Service Attribute of Dematerialized (DEMAT) Account of Nepal

The intent of the study is to examine how content investors are with the attributes of service offered by Nepal’s dematerialized accounts. The term “Dematerialized Account” (abbreviated as “DEMAT account”) refers to a paperless or digital method of purchasing and selling stocks and other financial assets. Analysis of investor satisfaction with Nepal’s Dematerialized (DEMAT) Account Service Quality was the study’s primary goal. The study’s descriptive research design was utilized to gauge participant satisfaction with the level of service quality. The study discovered that the tangible component significantly affects investor satisfaction. Accordingly, the depository units should concentrate on the tangible aspect of service quality to ensure that investors are as satisfied as possible.

The Faktor Determinan Minat UMKM terhadap Penggunaan Aktual Menggunakan Cloud Accounting

This study aims to find evidence that the UTAUT (Unified Theory of Acceptance and Use of Technology) model is a conceptual framework for explaining the acceptance and use of cloud accounting as an online accounting service in the city of Padang. The data used in this study are primary data obtained by distributing questionnaires in person and online. This study used purposive sampling with a sample of 340 respondents who had used cloud accounting. The data analysis used in this research is Structural Equation Modeling (SEM). Data analysis techniques using SmartPLS ver.4.0 were processed. This study found evidence that social influences, facilitating conditions and positive influences on behavioral intentions; behavioral intention to actual use has a positive effect, while performance expectations and effort expectations have a negative effect on behavioral intention.

Peran Motivasi Dalam Lingkungan Dan Disiplin Kerja Terhadap Kinerja Karyawan Pada Kantor Jasa Akuntan

This research aims to analyze the role of motivation in the work environment and discipline on employee performance in accounting services firms. Qualitative methods are used to gain in-depth insight into how motivation and work discipline influence employee performance. Data was collected through interviews with employees at different accounting services offices. The research results show that high motivation and a conducive work environment can improve employee performance, while a lack of work discipline can hinder employee performance. Through this research, it is hoped that it can provide a better understanding of the factors that influence employee performance in the context of accounting services firms.

ПОДАТКОВЕ ПЛАНУВАННЯ У СИСТЕМІ ФІНАНСОВОГО МЕНЕДЖМЕНТУ

The article examines in detail the importance of tax planning at the micro level. The main focus is on the analysis of the concept of tax planning, as well as a comprehensive study of the tactics and tools used in tax planning. It has been established that the tax strategy of the enterprise in the modern paradigm should be determined not only by calculating tax liabilities, but also by carefully studying the possibilities of their optimization. It has been proven that the effective use of tax incentives and the ability to avoid excessive tax burdens make it possible to significantly improve the financial position of business entities. One of the most common methods of reducing the tax burden is strategically oriented tax planning. There are other methods of tax optimization, but not all of them are legally acceptable. In the context of domestic law-making, where tax laws are often contradictory and interpretations can vary, the line between legal and illegal methods of taxation can be blurred and ambiguous. Under such conditions, it is important to clearly distinguish between concepts such as tax evasion, tax avoidance and legitimate tax planning. The tax planning process involves close cooperation between the manager, the accounting (financial) service and the lawyer. These specialists work on the development of appropriate innovative approaches and strategies, which include a thorough study of legislation, specialized literature, and also study successful practices in the field of taxation of other enterprises and organizations. Effective tax planning, involving the involvement of qualified specialists in this field, careful compliance with current legislation, systematic consultations with fiscal authorities and maximum optimization of the tax burden, is a key factor in creating a highly profitable, legitimate and stable business. These measures not only increase the financial efficiency of the enterprise, but also ensure compliance of its activities with legal requirements, thereby strengthening its position on the market.

Application of Osterwalder and Pigneur’s Business Model Canvas to E-Businesses in Bangor

The primary objective of this report is to use the Osterwalder and Pigneur (2010) Business Model and apply on the brief descriptions of the given three companies, i.e. an online accountancy service provider Alaw, a daily blog for travel and products called Bodnant Blogs and a cake bakery called Caradog Cakes. The report consists of three sections for each of the three companies. Each section presents the business model for the respective company initially, followed by a discussion on each of the nine blocks of the business model.

REVIEWING THIRD-PARTY RISK MANAGEMENT: BEST PRACTICES IN ACCOUNTING AND CYBERSECURITY FOR SUPERANNUATION ORGANIZATIONS

This paper conducts a comprehensive review of third-party risk management practices tailored to the unique context of superannuation organizations, with a specific focus on accounting and cybersecurity domains. Recognizing the critical role of third-party relationships in the operational landscape of superannuation entities, the review explores best practices aimed at mitigating risks associated with outsourcing accounting functions and fortifying cybersecurity defenses. In the accounting realm, the paper delves into the challenges and opportunities posed by third-party engagements, emphasizing the importance of thorough due diligence, contractual clarity, and continuous monitoring. Drawing insights from industry cases and proven methodologies, the review outlines strategies to enhance transparency, accountability, and compliance when outsourcing accounting services. Simultaneously, the paper addresses the burgeoning cybersecurity risks faced by superannuation organizations in an increasingly digital landscape. It investigates the role of third-party vendors in introducing potential vulnerabilities and advocates for a proactive approach to cybersecurity risk management. The review scrutinizes best practices in vetting, monitoring, and collaborating with third-party vendors to fortify cybersecurity protocols, emphasizing the need for alignment with regulatory standards. Ultimately, the paper provides superannuation organizations with a comprehensive guide to navigating the intricate terrain of third-party risk management. By synthesizing insights from accounting and cybersecurity perspectives, the review equips organizations with actionable strategies to cultivate resilience, safeguard member interests, and contribute to the long-term stability of the financial sector.
 Keywords: Third-Party, Risk Management, Superannuation, Cybersecurity, Accounting

Role of Forensic Accounting in Uncovering Accounting Fraud

This study concentrated on the Role of Forensic Accounting in Uncovering Accounting Fraud with reference to Guaranty Trust Bank Enugu Metropolis. The study amongst others examines the role, scope and tools of forensic accounting in detecting accounting fraud. For the objective to be achieved, questionnaire was used as a major source of data. 81 respondents were used as total population while 67 was used as the sample size of the study. Taro-Yamane statistical tool was applied as a method for sample size determination. Table and five point likert style was used for presentation and analysis of data. chi-square was used for test of hypothesis. The findings indicates that the roles of Forensic accounting in detecting accounting fraud is identification of fraud such as fake teller valuations, suspicious bankruptcy valuations, and analysis of financial documents in fraud schemes, the scope of forensic accounting in detecting accounting fraud are litigation support and investigative accounting services and the forensic accounting tools in detecting accounting fraud are training, mindset, risk assessment, systems analysis, mathematical modeling and exception reporting. The study therefore recommended that different organizations should always advocate forensic accounting as a means of uncovering accounting fraud because it will always help for quick identification of fake teller/receipt, suspicious bankruptcy and analysis of financial documents through valuation method, management of business entities both private and public should try all possible means in focusing on the main scope of forensic accounting such as litigation and investigation services for it help for proper detection of accounting fraud at the right time in a way it will not affect the profitability of business and training, mindset mathematical modeling and others as tools of forensic accounting should be employ by organizations an

Enterprise accounting services applying big data under the financial sharing model

Abstract This paper applies blockchain technology to design an enterprise accounting service system and designs an accounting framework containing four links: recognition, measurement, recording, and reporting. Focusing on the field of accounting measurement, it proposes a practical way to use blockchain technology in both monetary measurement and accounting measurement attributes. To confirm the impact of blockchain-based accounting, we developed a robustness testing approach. We analyzed data from publicly traded companies that implemented blockchain technology in their accounting systems from 2013 to 2023. Analyzing the effect of blockchain technology on the effectiveness of accounting service work finds that there is a significant correlation between the measure of Total Asset Turnover (TAT) and whether or not blockchain technology is applied (0.526). The regression result of the blockchain dummy variable as an explanatory variable is also very significant (0.004), and the robustness test after replacing the variables indicates that the conclusion remains unchanged. The empirical analysis shows that the ROE values of the corporate performance indicators of applying (16.52%) and not using (8.47%) the accounting service system show a highly significant difference (p=0.001), which indicates that the accounting service system is more effective. The accounting service designed in this paper provides a reference basis and data support for enterprise financial management. It lays the foundation for the application of blockchain technology in accounting services.

Управленческий учёт и МСФО: традиционные и современные учётные концепции

This article explores the theoretical and practical aspects of the organization of managerial accounting and financial accounting under the International Financial Reporting Standards (International Accounting Standards), provides a detailed overview of traditional and modern concepts of managerial accounting. This article aims to increase the variability in the application of the International Financial Reporting Standards (International Accounting Standards) in a process of the managerial accounting organization, can be used by accountants and financiers with a forming of the managerial accounting methodology as well as outsourcing organizations providing accounting services with a preparation and implementation of the managerial accounting methodology. This article is the first part of a series of articles dedicated to integration issues of the managerial accounting methodology and the International Financial Reporting Standards (International Accounting Standards).

The role of entities providing accounting services in the implementation of structured electronic invoices

The role of entities providing accounting services in the implementation of structured electronic invoices

Accounting outsourcing: essence, advantages, disadvantages and features of implementation

Modern conditions of entrepreneurial activity require a constant search for ways to increase the efficiency of business entities and support their competitiveness on the market. Implementation of advanced methods of enterprise management through delegation of authority in certain areas is one of the ways to achieve significant results in the business sphere. Such methods include accounting outsourcing. The purpose of the study is to determine the economic essence and substantiation of scientific and practical approaches to the classification of accounting outsourcing in Ukraine and to argue the expediency of its application. The article clarifies the essence and purpose of accounting outsourcing, discloses the features and relevance of the application of outsourcing at the present time. The classification of types of outsourcing is presented, the classification features are summarized and specified, and their concise characteristics are also provided. At the stage of decision-making regarding the use of accounting outsourcing services, the need to substantiate the feasibility of its use by small, medium and large enterprises was identified. Since, in connection with a small number of accounting employees and insignificant document flow and volume of business operations, the largest segment of users who apply outsourcing is precisely small business. However, due to the high quality of the services provided, interest in outsourcers is growing among medium and large businesses. Particular attention is paid in the article to the identification of shortcomings, as well as to the disclosure of the main advantages of accounting outsourcing, which contribute to its development in Ukraine. It has been established that the use of accounting outsourcing will contribute to the stabilization of the enterprise's development, effective use of its internal potential, increased flexibility and adaptability to changes, and improvement of the enterprise's competitive position in the market environment. That is, with justified use, accounting outsourcing is the best option for obtaining qualified accounting services at minimal costs.

Research on Innovative Strategies of Management Accounting Services for Small and Medium- Sized Enterprises in the Digital Economy

Research on Innovative Strategies of Management Accounting Services for Small and Medium- Sized Enterprises in the Digital Economy

УПРАВЛЕНЧЕСКИЙ УЧЕТ И МСФО: СРАВНИТЕЛЬНЫЕ ХАРАКТЕРИСТИКИ И ВОЗМОЖНОСТИ ИНТЕГРАЦИИ

This article explores the theoretical and practical aspects of the organization of managerial accounting and financial accounting under the International Financial Reporting Standards (International Accounting Standards), their comparative characteristics and integration capabilities. This article aims to increase the variability in the application of the International Financial Reporting Standards (International Accounting Standards) in a process of the managerial accounting organization, can be used by accountants and financiers with a forming of the managerial accounting methodology as well as outsourcing organizations providing accounting services with a preparation and implementation of the managerial accounting methodology. This article is the second part of a series of articles dedicated to integration issues of the managerial accounting methodology and the International Financial Reporting Standards (International Accounting Standards).

인공지능(AI) 기술의 세무업무 활용과 과제

Information and communication technology (ICT) is being utilized in various places, mainly in the Internet of Things (hereinafter referred to as IoT), depending on the degree of its development. Among these new technologies, artificial intelligence (AI) technology is progressing rapidly, and mobile-based translation apps and Internet recommendation functions are already in use in our surroundings. In line with this, tax authorities are moving tax procedures online through the enactment of laws and implementation of systems related to the construction of tax administration using ICT.
 It is not only silk tax accountants who are being forced to innovate due to the development of AI technology characterized by advanced information processing, but also professionals such as lawyers, legal consultants, and administrative consultants should establish their own duties. . In particular, since the tax field is related to a wide range of fields including individuals and companies, there is a need to seek bolder cooperation. Along with this, there is a need to actively utilize AI technology to improve operational efficiency. In the future, rather than AI taking away human jobs, I think AI will be left with simple tasks that it can do well, and tax accountants will concentrate on tasks that require advanced skills that only humans can do.
 Article 1 of the “Tax Judiciary” clearly states that the purpose is to establish a tax consultant system and ensure the smooth implementation of tax administration and the proper fulfillment of tax obligations. As long as there is a self-assessment tax system, it is important for our tax accountants to raise the public's tax awareness and encourage taxpayers to declare and pay their taxes. In addition, tax accountants, acting as taxpayers' agents, must deal with complex tax systems and ensure that appropriate tax payments are made even in cases where opinions differ on non-obvious issues. It is expected that some of the tax services that fall under the category of ancillary services will disappear. In the future, tax representation, tax document preparation, tax consultation, and the preparation of tax documents, which are the exclusive services of tax accountants, may no longer be necessary for tax returns that do not require complex tax procedures. Tax accountants, who perform tax-related representation and other activities in response to taxpayers' requests, will have to understand the demands of taxpayers over time and assume a new social role.

ANALISIS PERENCANAAN PPH PASAL 21 UNTUK MEMINIMALKAN BEBAN PAJAK KLIEN

This study was conducted to compare the calculation of Article 21 income tax using the nett method, gross method, and gross-up method on KJA Eko Darmawan in planning Article 21 income tax to minimize the tax burden of its clients. This research uses a comparative descriptive approach by collecting data from Eko Darmawan Accounting Services Firm and analyzing tax planning strategies implemented in case studies of the firm's clients. The results of the study can be concluded that the researcher proposed an efficient gross-up method in minimizing the client's tax burden.

Use of artificial intelligence to increase the efficiency of the management accounting system

In today’s world, companies are looking for new ways to optimize business processes and reduce costs. The use of artificial intelligence in management accounting allows you to automate routine tasks, analyze large volumes of data and provide valuable information for decision-making. The use of artificial intelligence in management accounting is associated with increasing the efficiency of management accountants, which ensures the effectiveness of the management accounting system as a whole. Artificial intelligence can help avoid errors and reduce the risk of data loss. Knowledge and skills in the use of artificial intelligence are essential for management accounting professionals to remain competitive and effective in the marketplace. Technological innovations, particularly artificial intelligence, will have a significant impact on professional accounting services in the future. The article highlights the skills that specialists need to effectively work with artificial intelligence. The authors also highlight three methods of artificial intelligence that can be effectively used in management accounting: expert systems, data analytics, and neural networks. Expert systems allow management accountants to store and interpret human experience, using it to provide advice and recommendations that facilitate appropriate decision-making based on the evidence provided by expert systems. Data analysis technology allows you to discover new patterns of relationships between data and provide useful conclusions to decision-makers in companies. Neural networks are used to determine the level of compliance with policies in various types of companies and institutions and to detect risky or potentially fraudulent transactions.