Quality Of Statements Research Articles

THE EFFECT OF AGENCY ACCOUNTING SYSTEM AND INTERNAL CONTROL ON THE QUALITY OF FINANCIAL STATEMENTS

This study aims to determine the influence of the agency's accounting system and internal control on the quality of financial statements at the Directorate General of Learning and Student Affairs of the Ministry of Research, Technology and Higher Education using two variables, namely the agency's accounting system, internal control, and the quality of financial statements. The sampling technique uses purposive sampling, the criteria are employees / officials who work to handle the Accounting System of the Agency, namely SAK and SIMAK-BMN operators, Head of Subbag, Head of Bag and Assistant Director II for General Administration and Finance who handles the preparation of Financial Statements. The questionnaire used in this study was 102 respondents. Before using multiple linear regression analysis, first conduct data quality tests (validity tests and reliability tests) and classical assumption tests (normality tests, multicolonicity tests and heteroscedasticity tests) with the SPSS version 21 program. The results showed that the agency's accounting system and internal control have a positive and significant effect on the quality of financial statements so that the agency's accounting system and internal control need to be applied in the preparation of financial statements within government agencies.

Peran Audit Internal Atas Kualitas Pemeriksaan Laporan Keuangan Yang Dilakukan Oleh Audit Eksternal Pada Sebuah Perusahaan

This study aims to research the role of internal auditor to the quality of financial reporting. Financial reporting is an important part as consideration to make a decision. Therefore, the quality of financial reporting needs to be observed because it affects stakeholders’ decision. Nowadays, the role of internal audit is highlighted as one of the important roles to improve the quality of financial reporting.The samples used are Internal Audit working in a company. The dependent variable in this study is the quality of financial statements, while the independent variable is Internal Audit. The results of this research shows that the internal auditor has a positive and significant role on the quality of financial reporting. The more the internal auditor involves in monitoring the reliability of financial reporting, the better quality of financial reporting will be.

Do board friendliness and economic development affect firm’s abnormal earnings? An evidence of quantile regression

This study delves into the intricate impact of board social networks and local economic development on abnormal earnings within the financial statements of listed companies in Vietnam. The unique focus lies in internal board linkages, differentiating it from external engagements with other firms. Employing quantile regression, from a dataset encompassing 4449 observations from 241 listed companies in Vietnam, our findings reveal that firms with educational-professional linked managers tend to have low earnings quality at quantiles 0.05 and 0.10 but exhibit better earnings quality at quantiles 0.90 and 0.95. Executives sharing professional ties contribute to more accurate profit reporting at quantiles 0.05 and 0.10, whereas lower quality is observed at quantiles 0.25, 0.50, and 0.75. Executives sharing educational ties contribute to more accurate profit reporting at quantile 0.05 only, whereas lower quality is evident at quantiles 0.75, 0.90, and 0.95. Furthermore, the development of local GDP can enhance corporate financial reporting accuracy at quantiles 0.05, 0.20, and 0.25 but diminishes the quality of financial statements at quantile 0.10. These findings offer valuable insights into the complex interplay between board networks, economic development, and financial reporting quality in the Vietnamese corporate landscape.

Strategi Laporan Keuangan Dalam Memperoleh Opini Wajar Tanpa Pengecualian (WTP) Di Baznas Kabupaten Jember Tahun 2021

BAZNAS Jember has just undergone an audit process for the first time and its financial statements are relatively new. However, the audit has achieved excellent results by obtaining evidence of WTP opinion from the public accounting firm. This success gives confidence to the public that the management of zakat in BAZNAS Jember is running well and can be trusted. The purpose of this research focuses on the scope, namely how the Financial Report Strategy in Obtaining an Unqualified Opinion (WTP) at BAZNAS Jember Regency in 2021 and how the BAZNAS Jember Financial Report Form in 2021. This research uses a qualitative approach with descriptive research. In determining informants, researchers used purposive techniques. While data collection techniques using observation, interviews, and documentation. The results of this study are first, BAZNAS Jember has a strategy in preparing its financial statements with the aim of obtaining WTP opinion. This strategy involves three stages, namely planning, implementation, and evaluation, which are carried out to ensure the quality and accuracy of the financial statements prepared. Second, BAZNAS Jember's financial statements in 2021 were prepared using PSAK No. 109 financial standards, which consist of five main parts, namely the statement of financial position, statement of changes in funds, statement of changes in assets under management, statement of cash flows, and notes to the financial statements.

EFEKTIVITAS PENERAPAN APLIKASI SISTEM INFORMASI PEMERINTAH DAERAH TERHADAP PENYUSUNAN LAPORAN KEUANGAN PADA DINAS SOSIAL KABUPATEN SUMBAWA BARAT

This research discusses the obstacles or challenges faced in the application of the Local Government Information System (SIPD) application in the preparation of financial reports at the West Sumbawa Regency Social Service and how the effectiveness of the application of the Local Government Information System (SIPD) application in the process of preparing financial reports at the West Sumbawa Regency Social Service. The purpose of this study is to determine the obstacles or challenges faced in the application of the SIPD application in the preparation of financial reports and analyze the effectiveness of the application of the Local Government Information System (SIPD) application in the process of preparing Financial Statements at the Social Service of West Sumbawa Regency. This research uses mixed methods (combined methods) qualitative methods to determine the obstacles or challenges faced in the application of the SIPD application in the preparation of financial reports and quantitative methods to analyze the effectiveness of the application of the Local Government Information System (SIPD) application in the process of preparing financial reports at the Social Service of West Sumbawa Regency. The results showed that the use of SIPD for the preparation of Financial Statements still has obstacles and challenges, namely it takes longer because SIPD is integrated with applications at the Ministry of Finance and SIPD has incomplete features so that the preparation of Financial Statements must be used simultaneously between SIPD and the Financial Management Information System (FMIS) so that the preparation of Financial Statements, data must be done manually so that it slows down the process and is prone to errors because it requires accuracy in the process of preparing functional SPJ. From the results of the analysis using SPSS, the t test obtained a significance value of 0.842> 0.717 or the value of t count> t table so that it can be concluded that the use of the Local Government Information System Application is not effective on the quality of Financial Statements at the Social Service of West Sumbawa Regency.

The Evolution of Generally Accepted Accounting Principles: A Focused Look into the International Financial Reporting Standards

Financial reporting has long been an essential lens through which shareholders assess the managements operation of companies and through which external users such as potential investors evaluate how companies are structured and perform financially for economic decision-making. For this reason, the truth and fairness of financial statements is emphasized in financial accounting to reflect the economic substance over the legal form. As cross-border trades and investments grew by leaps and bounds after the World War II, a call for a globally uniform and consistent set of accounting standards thrived in full swing. Hence, the genesis of IAS and subsequently IFRS for better quality, comparability, understandability, and transparency of financial statements. Over recent years, the trend in accounting harmonization with gradual convergence between IFRS and US GAAP has also become prominent. However, accounting standards are never perfect in presenting economic reality upon their inception. Blatant financial scandals play an indispensable role in shaping accounting standards for improvements. This paper takes a focused look into IFRS to examine how the generally accepted accounting principles evolve in reaction to scandals and loopholes criticized, with a detailed analysis of the standards for leases and revenue recognition. A generic discussion on the difference and convergence between IFRS and US GAAP concludes this paper.

ANALISIS KOMPETENSI SUMBER DAYA MANUSIA, TEKNOLOGI INFORMASI DAN SISTEM PENGENDALIAN INTERN TERHADAP KUALITAS LAPORAN KEUANGAN SKPD DI LINGKUNGAN PEMERINTAH KOTA METRO

The purpose of this study was to empirically examine the effect of competence of HR, information technology and internal control systems on the quality of SKPD financial reports. Respondents in this study were 54 people consisting of officials from the head of the finance sub section and staff who were directly involved in the preparation of financial reports at SKPD in Metro City. Based on the analysis results obtained from 54 samples regarding the influence of HR competence, information technology and internal control systems on the quality of financial reports, it can be concluded that the F test results indicate that all three have an effect on the quality of financial reports. This can be seen from the table of F test results with the calculation that 30,004 > Ftabel 2,79. And the Sig value is 0,000 < 0,05 and. Human resource competencies, information technology and internal control systems have a positive and significant impact on the quality of financial reports. The results of a simple regression test that were processed using the SPSS version 16.0 program obtained an equation, namely: Y = 13,675 + 0,411 X1 + 0,317 X2. + 0,226 X3 + et. From these equations, it can be seen that the three variables (X1, X2, X3) studied have a positive affect the variable quality of financial statements (Y). From this analysis it can be concluded that the competence of human resources, information technology and internal control systems have a direct effect on the quality of SKPD's financial reports.
 

DETERMINAN AKUNTABILITAS KEUANGAN DENGAN KUALITAS INFORMASI LAPORAN KEUANGAN SEBAGAI VARIABEL INTERVENING PADA BADAN KEUANGAN DAERAH KOTA DEPOK

This paper aims to study how internal control system and human resource competence affect the information quality of local government financial statement and how its impact on financial accountability. The data collection method was a questionnaire distributed to 50 samples of the Badan Keuangan Daerah, Kota Depok. The collected data was processed using SPSS 27.00 with t test and Path Analysis. The research results show that the internal control system and human resource competency have a positive effect on the local government financial statement. The internal control system and human resource competency also have a positive effect on financial accountability, both directly and indirectly, mediated by the quality of local government financial report information. In addition, the quality of local government financial report information has a direct and positive effect on financial accountability. The results of this research can be useful for the government as input and consideration in determining policies, especially regarding improving the quality of information on government financial reports and financial accountability.

Faktor Faktor Yang Mempengaruhi kualitas laporan keuangan Dan Dampaknya Terhadap Minat Membayar Zakat

This study aims to determine partially the effect of transparency and accountability on the quality of financial reports and their impact on intention to pay zakat. The type of research used is descriptive and associative research. The variables used transparency, accountability, quality of financial reports, and intention to pay zakat. The location of the research was carried out at the National Amil Zakat Agency, South Sumatra Province. The population used is 104 respondents. The sample used is saturated sample. The data used are primary and secondary data, as well as data testing using validity and reliability tests. The analysis technique used is descriptive statistics and inferential statistics (normality test, multicollinearity test and heteroscedasticity test) and the coefficient of determination test (R²) as well as path analysis and hypothesis testing (t). Research data processing was assisted by the SPSS version 25 computer program. The results of the study can be concluded partially (t test) showing that partially accountability affects the quality of financial reports. While transparency has no significant effect on the quality of financial reports. Accountability and quality of financial statements have a significant effect on the intention to pay zakat. Meanwhile, transparency has no significant effect on the intention to pay zakat

Guidelines, Consensus Statements, and Standards for the Use of Artificial Intelligence in Medicine: Systematic Review.

The application of artificial intelligence (AI) in the delivery of health care is a promising area, and guidelines, consensus statements, and standards on AI regarding various topics have been developed. We performed this study to assess the quality of guidelines, consensus statements, and standards in the field of AI for medicine and to provide a foundation for recommendations about the future development of AI guidelines. We searched 7 electronic databases from database establishment to April 6, 2022, and screened articles involving AI guidelines, consensus statements, and standards for eligibility. The AGREE II (Appraisal of Guidelines for Research & Evaluation II) and RIGHT (Reporting Items for Practice Guidelines in Healthcare) tools were used to assess the methodological and reporting quality of the included articles. This systematic review included 19 guideline articles, 14 consensus statement articles, and 3 standard articles published between 2019 and 2022. Their content involved disease screening, diagnosis, and treatment; AI intervention trial reporting; AI imaging development and collaboration; AI data application; and AI ethics governance and applications. Our quality assessment revealed that the average overall AGREE II score was 4.0 (range 2.2-5.5; 7-point Likert scale) and the mean overall reporting rate of the RIGHT tool was 49.4% (range 25.7%-77.1%). The results indicated important differences in the quality of different AI guidelines, consensus statements, and standards. We made recommendations for improving their methodological and reporting quality. PROSPERO International Prospective Register of Systematic Reviews (CRD42022321360); https://www.crd.york.ac.uk/prospero/display_record.php?RecordID=321360.

KUALITAS PELAPORAN KEUANGAN SKPK, PENERAPAN STANDAR AKUNTANSI PEMERINTAH BERBASIS AKRUAL, KEBIJAKAN AKUNTANSI DAN PENGENDALIAN INTERNAL DI SATUAN KERJA PERANGKAT ACEH

This study aims to examine the influence of the application of accrual-based government accounting standards, accounting policies, and internal controls on the quality of financial reporting in the Aceh Work Unit. The population of this research is all SKPA in the Government of Aceh, totaling 48 SKPA with a sample of 96 people. The data analysis method in this study is multiple regression analysis processed using the SPSS (Statistical Package for Social Science) program based on the answers from the respondents. The results showed that the application of accrual-based government accounting standards, accounting policies, and internal control partially and simultaneously affected the quality of reports and financial statements.

Locus Of Control Memoderasiwhistleblowing System, Literasi Keuangan, Dan Tindakan Audit Terhadap Kualitas Laporan Keuangan

Purpose: Knowing the effect of whistleblowing system, financial literacy, and audit actions on the quality of the company's financial statements moderated by the locus of control. Methodology/approach: This type of research is quantitative. Researchers collected data by providing questionnaires to financial employees of tobacco companies in East Java. The Data were analyzed using descriptive analysis test, classical assumption test, hypothesis test, and coefficient of determination test. Findings: This study found that wishtlebowing system, financial literacy, and partial audit actions have a positive and significant effect on the quality of the financial statements of tobacco companies in East Java. As for locus of control can moderate whistleblowing system on the quality of financial statements, locus of control can not moderate financial literacy on the quality of financial statements, and locus of control can weaken the audit action on the quality of financial statements. Practical implications: Later a company management can be helped by the existence of this study in using the strategy and establish rules for the progress of the company related to the quality of financial statements. Originality/value: The novelty of this study on the location of research, moderation variables, and independent variables.

The effect of use of information technology, human resource competency and internal control systems on the quality of regional financial reports (Study on Bangkalan Regency Regional Apparatur Organizations)

The quality of financial statements is said to be good if in the report the information presented can be understood and meet the needs of its users in decision making, does not provide a distorted understanding, and also material errors, but presents reliable financial statements, so that from previous periods the financial statements can be compared clearly and accurately. The purpose of this study is to examine the influence of variables in the use of information technology, human resources and internal control systems on the quality of regional financial statements. The population in this study was 9,494 government devices located in 33 Regional Apparatur Organizations of Bangkalan Regency. The sampling technique uses purposive sampling technique, so that a sample of 99 respondents is obtained, which will be given a questionnaire to be filled out. The data analysis technique uses multiple linear regreation analysis. The results of this study prove that partially the use of information technology and internal control systems has a significant effect on the quality of regional financial statements. Meanwhile, human resources do not affect the quality of regional financial statements. The results of simultaneous analysis show that the use of information technology, human resources and internal control systems has a significant effect on the quality of regional financial statements.

The Influence of Audit Quality and Audit Committee on the Quality of Financial Reporting of Companies Registered on the Jakarta Islamic Index (JII)

This study aims to determine the impact of the quality of the audit and the audit committee on the quality of financial reporting at companies included in the Jakarta Islamic Index (JII). using the target sampling method. The resulting samples were 26 real estate and real estate companies included in the Jakarta Islamic Index (JII). Hypothesis testing using multiple linear regression. Based on the results of the hypothesis test, it has been found that the quality of the audit, the size of the audit committee, the independent audit committee have no influence on the quality of the financial statements, while the meetings of the audit committee and the experience of the audit committee have a significant impact. had a positive impact on the quality of the financial statements. Participation

Investigation of the mediating role of real earnings smoothing in the relationship between financial distress and the use of trade credit

Taking into account the premise of rational expectations and the necessity of allocative efficiency, financial resources are expected to flow in the direction that would create the most efficiency. Also, given the asymmetry of information and the ethical risk raised between the providers of financial information and its users, external users are expected to have the required and sufficient knowledge of the final product of the financial reporting process, i.e., audited financial statements, the quality of financial statements, and the possibility of biased reporting, and also to optimally use the information contained in it for their economic decisions. Financially distressed firms are naturally expected to lose the trust of suppliers, and suppliers are reluctant to grant trade credit to such firms. The statistical population of the present research consists of all the companies listed on the Tehran Stock Exchange that have submitted their financial statements during the period of 1390 to 1400 (2011 to 2021). The present research, therefore, can also be helpful for standard-setting institutions (auditing organizations) to develop standards concerning the conditions by considering the financial situation of companies such as financial distress as exceptional conditions that may distort the effective implementation of some accounting standards. They can also revise and make adjustments to the stricter accounting rules affecting earnings management, especially in situations where managers are under a lot of pressure.

Factors Affecting Change in Audit Quality after COVID-19

Amidst the COVID-19 pandemic, this study examines changes in the audit quality and reliability of financial statements. It explores the impact of increased incentives for earnings management and heightened audit risk for auditors as well as the factors influencing these changes. The key findings include a significant decline in audit quality, measured by discretionary accruals, post COVID-19. However, cases in which auditors demonstrated increased effort compared to the past did not exhibit a decline in audit quality. Moreover, the manufacturing sector has experienced a consistent and notable decrease in audit quality, and companies engaged in overseas operations or with substantial inventory assets have also faced a significant decline. This study emphasizes the need for stakeholders to remain vigilant about financial information reliability during this period of external upheaval, and offers valuable insights for potential audit procedure improvements in similar future situations.

Revealing Good Governance in Regional Financial Reporting (Case Study on Banyuwangi Regency Government)

This study aims to determine the factors in the implementation of governance of Banyuwangi Regency so that a Reasonable Without Exception (WTP) regional financial report is obtained. This study used qualitative research methods with a focus on phenomology. Data collection through literature studies, interviews, and surveys within the scope of the Banyuwangi Regency Government. Primary data were obtained from interviews and surveys, while secondary data were obtained from literature reviews. Data analysis using interactive analysis methods. The results of the study found that leaders have a very important role in government. The leadership style applied is able to build a conducive work environment. In addition, leaders are able to motivate employees to increase performance effectiveness and productivity. This has an impact on the quality of the regional financial statements produced.

Is earnings management impacted by audit fees and auditor tenure? An analysis of the Big Four audit firms in the US market

Research background: Audits are intended to ensure the reliability of financial statements, as this is fundamental for different stakeholders. However, both auditor tenure and audit fees could affect the earnings management of companies. In 2014, the European Union established a mandatory audit firm rotation policy. In the United States, although there is still no mandatory regulation in this regard, there has been a large public debate over the advisability of this policy. Another unresolved controversy is whether audit fees determine audit quality. Purpose of the article: The aim of this research is to study the effect of auditor tenure and audit fees on earnings management, i.e., to determine whether a longer-term relationship between the auditor and the audited company, as well as higher audit fees, reduce the audited company's earnings management, thereby making the financial statements more reliable for stakeholders and increasing the quality of the audit report. In addition, the Big Four auditing companies in the United States were analyzed in order to determine the influence of corporate culture. Methods: A sample of companies listed in the S&P 500 stock market index was employed for the analysis, covering the years 2012 to 2021, resulting in a dataset comprising 3,010 observations. To examine the research hypotheses while mitigating the potential bias from omitted variables, a linear regression analysis was conducted using panel data with fixed effects regression. To enhance the robustness of the results, winsorized variables were also employed. Findings & value added: Overall, the results confirm that the quality of financial statements improves as auditor tenure increases, and so implementing a mandatory auditor rotation may not be in a company’s best interests. The results also support the market segmentation theory, as higher audit fees are aligned with higher quality financial reporting. Furthermore, by analyzing the Big Four audit companies in the US, it is shown that the influence of audit fees and auditor tenure on earnings management also depends on the internal aspects of the particular audit firm, especially its ethical culture. In sum, US policymakers should neither set limits on audit fees nor enforce a mandatory audit firm rotation similar to that of the EU.

Safety and outcomes analysis: transcatheter implantation of autologous angiogenic cell precursors for the treatment of cardiomyopathy

BackgroundStem cell transplantation is an emerging therapy for severe cardiomyopathy, proffering stem cell recruitment, anti-apoptosis, and proangiogenic capabilities. Angiogenic cell precursors (ACP-01) are autologous, lineage-specific, cells derived from a multipotent progenitor cell population, with strong potential to effectively engraft, form blood vessels, and support tissue survival and regeneration.MethodsThis IRB approved outcome analysis reports upon 74 consecutive patients who failed medical management for severe cardiomyopathy, and were selected to undergo transcatheter intramyocardial or intracoronary implantation of ACP-01. Serious adverse events (SAEs) were reported. Cell analysis was conducted for each treatment. The left ventricular ejection fraction (LVEF) was measured by multi-gated acquisition scan (MUGA) or echocardiogram at 4 months ± 1.9 months and 12 months ± 5.5 months. Patients reported quality of life statements at 6 months (± 5.6 months).ResultsFifty-four of 74 patients met requirements for inclusion (48 males and five females; age 68.1 ± 11.3 years). The mean treatment cell number of 57 × 106 ACP-01 included 7.7 × 106 CD34 + and 21 × 106 CD31 + cells with 97.6% viability. SAEs included one death (previously unrecognized silent MI), ventricular tachycardia (n = 2) requiring cardioversion, and respiratory infection (n = 2). LVEF in the ischemic subgroup (n = 41) improved by 4.7% ± 9.7 from pre-procedure to the first follow-up (4 months ± 1.9 months) (p < 0.004) and by 7.2% ± 10.9 at final follow-up (n = 25) at average 12 months (p < 0.004). The non-ischemic dilated cardiomyopathy subgroup (n = 8) improved by 7.5% ± 6.0 at the first follow-up (p < 0.017) and by 12.2% ± 6.4 at final follow-up (p < 0.003, n = 6). Overall improvement in LVEF from pre-procedure to post-procedure was significant (Fisher’s exact test p < 0.004). LVEF improvement was most marked in the patients with the most severe cardiomyopathy (LVEF < 20%) improving from a mean 14.6% ± 3.4% pre-procedurally to 28.4% ± 8% at final follow-up. Quality of life statements reflected improvement in 33/50 (66%), no change in 14/50 (28%), and worse in 3/50 (6%).ConclusionTranscatheter implantation of ACP-01 for cardiomyopathy is safe and improves LVEF in the setting of ischemic and non-ischemic cardiomyopathy. The results warrant further investigation in a prospective, blinded, and controlled clinical study.Trial Registration: IRB from Genetic Alliance #APC01-001, approval date July 25, 2022.Condensed Cardiomyopathy is common and associated with high mortality. Stem cell transplantation is an emerging therapy. Angiogenic cell precursors (ACP-01) are lineage-specific endothelial progenitors, with strong potential for migration, engraftment, angiogenesis, and support of tissue survival and regeneration. A retrospective outcomes analysis of 53 patients with ischemic and non-ischemic dilated cardiomyopathy undergoing transcatheter implantation of ACP-01 demonstrated improvements in the left ventricular ejection fraction of 7.2% ± 10.9 (p < 0.004) and 12.2% ± 6.4, respectively, at 12 months (± 5) follow-up. Quality of life statements reflected improvement in 33/50 (66%) patients.

CFO Sebagai Akuntan Profesional, Bankir, dan Kualitas Laporan Keuangan

The research was conducted with the aim of examining the influence of the presence of a Chief Financial Officer with a professional accountant license on the quality of financial reports. Quantitative data was used in this research with a sample of 137 manufacturing companies listed on the Indonesia Stock Exchange for the 2016-2018 period. The results of this research indicate that the presence of a CFO licensed as a professional accountant does not have a significant positive effect on the quality of financial reports. The results of this research also show that the presence of bankers on the board of directors has a significant negative effect on the quality of financial reports as measured by earnings management.&#x0D; Keywords: Bankers; Board of Directors; Chief Financial Officer; Quality of Financial Statements; Earnings Management