journal of accounting finance and auditing studies (JAFAS)最新文献

{"title":"Challenges and Implications of Applying the Zimbabwean Domestic Transfer Pricing Rules: An SME Perspective","authors":"Eukeria Wealth, J. Akande, Favourate Y. Mpofu","doi":"10.32602/jafas.2022.025","DOIUrl":"https://doi.org/10.32602/jafas.2022.025","url":null,"abstract":"Purpose: Transfer pricing has largely been viewed in the context of crossborder transactions of multinational enterprises. Zimbabwe recently revised\u0000its transfer pricing rules to include domestic transactions. This study sought\u0000to explore the challenges and implications of transfer pricing legislation for\u0000SMEs.\u0000Methodology: A qualitative inquiry is applied with the use of in-depth\u0000interviews and a questionnaire survey. Thematic analysis was used to\u0000analyse both interview and questionnaire data.\u0000Findings: The findings revealed that the paradox of observing fairness as a\u0000canon of taxation by equally taxing domestic and cross-border transactions\u0000has both economic and social implications for the Zimbabwean economy. It\u0000was evident that SMEs find themselves unduly burdened with compliance\u0000costs, capacity limitations as well as knowledge constraints in complying\u0000with the rules.\u0000Originality or Value: The implications of transfer pricing rules on SMEs\u0000have not been explored in the Zimbabwean context. The study explores a\u0000critical sector that has often been neglected in the transfer pricing discourse.\u0000It recommends that the government revisit the applicability of domestic\u0000transfer pricing legislation to SMEs.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130016938","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effect of Integrity, Objectivity and Management Support on the Effectiveness of Internal Audit of The Government Sector in The Covid-19 Pandemic Condition","authors":"Anggun Soraya Dyhati, T. Wahyudi","doi":"10.32602/jafas.2022.033","DOIUrl":"https://doi.org/10.32602/jafas.2022.033","url":null,"abstract":"Purpose: The Study to test the effect of integrity, objectivity and management\u0000support on the effectiveness of Internal Audit of the government sector in the\u0000Covid-19 pandemic conditions.\u0000Methodology: This study used descriptive analysis, namely the form of\u0000quantitative research that employs the Likert scale measurement when\u0000evaluated from the perspective of the data analysis method. This study used\u0000primary sources of data. In the South Sumatra region, questionnaires were\u0000distributed to government internal auditors employed by the Financial and\u0000Development Supervisory Agency (BPKP). The primary data will be collected\u0000directly from study respondents (BPKP internal auditors) by use of a\u0000questionnaire containing questions containing indications of the variables\u0000employed. In the meanwhile, secondary data included of interviews with BPKP\u0000internal auditors.\u0000Findings: Integrity has a positive and significant effect on internal audit\u0000effectiveness. The auditor performs the examination task with integrity, and the\u0000audit results will be of high quality. Integrity requires that the auditor performs\u0000all tasks with azaz honesty, without violating the principles and limits of the\u0000agreed-upon examination object, and while overcoming personal interests.\u0000Internal audit effectiveness is significantly and positively impacted by objectivity.\u0000Objectiveness is a criterion that distinguishes the auditor profession from other\u0000accounting professions. The auditor must conduct a balanced assessment and\u0000evaluation in both Covid-19 Pandemic conditions and regular conditions, so as\u0000not to be influenced by personal or third-party interests. Under normal\u0000conditions, management support has a positive but insignificant effect on the\u0000effectiveness of internal audit. However, under Pandemic Covid-19 conditions,\u0000management support has a positive and significant effect on the effectiveness of\u0000internal audit. Training, introducing new technology, providing suitable facilities,\u0000and supporting an internal audit process with a commitment to develop and\u0000communicate additional value for the success of internal audit must be provided\u0000to management support.\u0000Originality/ValueThis research aims to increase the efficiency of the internal\u0000auditors of the Financial and Development Supervisory Agency (BPKP) in the\u0000South Sumatra region in terms of contributions regarding the integrity,\u0000objectivity, and support of management to the efficiency of the government\u0000sector internal audit under the COVID-19 pandemic. In accordance with the\u0000hypothesis, the formulation of the research Furthermore, it is hoped that internal\u0000auditors in BPKP in South Sumatra can increase the integrity and objectivity of\u0000internal audit by holding or involving all internal auditors in training activities,\u0000seminars, and socialization pertaining to the auditor profession, or by addressing\u0000the issues contained in this internal audit on a regular basis.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124193065","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Irony of Financial Reporting","authors":"N. Bircan","doi":"10.32602/jafas.2022.029","DOIUrl":"https://doi.org/10.32602/jafas.2022.029","url":null,"abstract":"Purpose: Reporting is one of the most basic functions of the\u0000accounting information system. Financial information of entities is\u0000transferred to financial statement users through the reporting\u0000function. Also, the audit process, which ensures the reliability of the\u0000accounting information system, ends with reporting. In today’s\u0000world with the changes in the economic, cultural, social, and\u0000technological areas, the standard reporting approach has changed,\u0000the scope of reporting activities has expanded and the diversity of\u0000the items to be reported has increased. This study aims to consider\u0000the matter of irony caused by these changes in the nature of financial\u0000reporting system and make a propasal to this matter.\u0000Methodology: This study was based on theoretical research.\u0000Research papers prepared and issued by big four audit companies\u0000and information obtained from literature were used in the study. In\u0000the scope of the study, changing reporting approaches and new types\u0000of reportings were considered based on the changes in the reporting\u0000function which is one of the main functions of accounting and\u0000auditing and a matter of irony in the nature of the financial reporting\u0000system that caused by these changes was discussed, theoretically.\u0000Findings: Recommendations and proposals were presented at the\u0000end of the study for dealing with the matter of irony in the financial\u0000reporting system.\u0000Originality/Value: Unlike the previous studies in the literature\u0000which focused on changes, advantages, and usefulness of new\u0000reporting approaches and new trends in reporting systems, this\u0000study focused on raising awareness of problems of new reporting\u0000approaches and trends and attracting attention to a matter of irony\u0000caused by these approaches and trends in the reporting system.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"2014 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121392414","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Literature Review of the Impact of Intermediate Money Transfer Tax (IMTT) On Performance of SMES","authors":"Vimbainashe Chizana, N. Wadesango","doi":"10.32602/jafas.2022.027","DOIUrl":"https://doi.org/10.32602/jafas.2022.027","url":null,"abstract":"Purpose: This desktop study sought to investigate the impact of IMTT\u0000on performance of SMEs\u0000Methodology: Documentary research approach, which consists of\u0000reviewing, analysing and examining information, recorded media and\u0000texts were adopted for the study. In terms of data collection, the\u0000authors sourced and reviewed literature on the topic. Among others,\u0000these sources included journal articles, books, magazines and\u0000newspapers.\u0000Findings: The study revealed that IMTT has negative impact on\u0000frequency of transactions and that transactions increased where they\u0000were below minimum threshold. Furthermore, it emerged that IMTT\u0000has negative impact on suppliers’ payments and that suppliers’\u0000payments were delayed and use of cash was urged due to IMTT. In the\u0000same vein, the study showed that IMTT has negative impact on firm\u0000performance meaning that profitability decreased due to the adoption\u0000of IMTT\u0000Originality/Value: Management should try to minimize frequency of\u0000transactions by weighing the benefits with the costs of paying taxes.\u0000In addition, financial performance should be enhanced by focusing on\u0000proper pricing and cost minimization. The suppliers’ payment should\u0000be done on timely fashion to maintain constant supply and good\u0000relations rather than practicing tax avoidance.","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130155640","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"A Conceptual Framework For The Factors Influencing The Accounting Students Career Choice As Public Accountants","authors":"P. Joshi","doi":"10.32602/jafas.2022.016","DOIUrl":"https://doi.org/10.32602/jafas.2022.016","url":null,"abstract":"Purpose: The aim of this research is to provide a critical review of literature on the factors influencing accounting students’ career choice to be public accountants and develop a conceptual framework. \u0000Methodology: The study follows a qualitative mythological approach by reviewing the relevant literature pertaining to factors such as financial rewards, prestige in the society, work environment, continuous education opportunities, professional independence opportunities, family and closest friends, GPA or grade of the students, labour market considerations, students’ future educational plan, self-motivation, cultural, and social media along with the relevant applicable theories. \u0000Findings: These factors indicate the trending pattern which influences the decision choices of accounting students to become public accountants. The analysis indicates that in previous studies, several factors showed a positive and significant influence on accounting students’ career choices to be public accountants. The analysis also provides implications of these studies’ findings and directions for future research by incorporating new variables in future studies. \u0000Originality/Value: This literature review is meant to raise more awareness on the critical factors influencing the accounting students’ career choice to be public accountants. The suggested conceptual framework will help the researchers to provide new evidence on the critical factors. College and university Professors should be able to execute activities that back and help the students to have a positive attitude about public accountancy courses. Universities can produce policies and procedures focusing on students’ extrinsic motivation, career exposure, social values, etc. which can help in motivating them to choose a public accountancy career. Building a strong network with professional bodies such as ACCA, CIMA, and Institute of Chartered Accountancy by developing a synergistic relationship with the real business world.\u0000","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121408318","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The CEO s Ideal CFO: A Study in Maltese PIEs","authors":"L. Ellul, Gianluca Naudi","doi":"10.32602/jafas.2022.017","DOIUrl":"https://doi.org/10.32602/jafas.2022.017","url":null,"abstract":"Purpose: The study aims to understand what CEOs (Chief Executive Officers) of Maltese PIEs (Public Interest Entities) expect from their CFOs (Chief Financial Officers). Furthermore, the study seeks to establish whether CFOs are expected to focus solely on finance, or whether they should also participate in strategy and planning. The study aims to identify the factors and skills that lead to a more effective CEO-CFO relationship.\u0000Methodology: The study follows a qualitative approach. Primary data was collected from semi-structured interviews conducted with active and former CEOs and CFOs of Maltese PIEs.\u0000Findings: Despite focusing primarily on their traditional finance roles, CFOs of Maltese PIEs are indeed dedicating a significant amount of time to strategic functions, as expected by CEOs. Strategic functions rank high on the average CFO’s agenda, with organisational transformation, strategic leadership and performance management ranking second, third and fourth, respectively. The research establishes that the strategic and the finance roles complement each other, such that an effective CFO is one who can establish an optimal balance between the two roles. In their CFO, CEOs seek a qualified and experienced person of integrity who is capable of: understanding, supporting and challenging them, complementing their skillset and of leading.\u0000Originality/Value: It is anticipated that this research will give finance professionals, who are increasingly assuming high management positions, a strong insight into a critical relationship they may sometime play a role in.\u0000","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130280914","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Audit Regulatory Dilemma – Should Audit Regulatory Authorities Focus on Regulating the Audit Expectation Gap","authors":"Darko Dachevski, B. Ackers","doi":"10.32602/jafas.2022.019","DOIUrl":"https://doi.org/10.32602/jafas.2022.019","url":null,"abstract":"Purpose: Audit failures around the world, have contributed to high-profile corporate scandals, severely impeding global economic growth. We investigate the extent to which the public trust, the public interest and the audit expectation gap, impact global financial stability and economic growth, contributing to understanding the purpose of external oversight over audit activities. These critical components of the audit environment, represent the essential elements necessary for regulating the global audit profession.\u0000Methodology: The proportion of revenue derived from audit services and non-audit services of the big four audit firms, is used as a proxy to measure the ‘audit expectation gap’. The resultant ‘audit expectation gap’ for the period 2005 to 2020, is juxtaposed against the global GDP growth for the same period, supporting the conceptual assertion that proper regulation of the audit expectation gap enables a stable financial environment, conducive for promoting economic growth.\u0000Findings: The study finds that the audit expectation gap increases during stable economic conditions, as illustrated by the reduction in the proportion of audit revenue to non-audit revenue, conversely reducing during volatile economic conditions.\u0000Originality/Value: This paper which uses the audit expectation gap as a proxy for the demand of audit services, contributes to understanding the dynamic relationship between the audit expectation gap and global economic growth, as well as the crucial role of external oversight over audit activities.\u0000","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"75 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128402816","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Effectiveness of Mergers and Acquisitions in Maltese Listed Companies: Financial Performance, Market Reactions and Shareholder Value","authors":"P. J. Baldacchino, Amy Camilleri, A. Magrin, S. Grima","doi":"10.32602/jafas.2022.021","DOIUrl":"https://doi.org/10.32602/jafas.2022.021","url":null,"abstract":"Purpose: W The objectives of the paper are to assess the effectiveness of mergers and acquisitions (M&A) in Maltese listed companies on acquirers’ financial performance, to examine the market reactions to M&A announcements and to seek to obtain further insights on the perceived value arising from M&A activity.\u0000Methodology: The methodology involved an Event Study on acquirers’ share price movements and semi-structured interviews with relevant company representatives and Maltese stockbrokers.\u0000Findings: The findings of the paper indicate that the few M&A cases wherein profitability -measured by growth in earnings before EBITDA - was enhanced and operational efficiency was improved took sound financing decisions despite facing challenging circumstances. The Maltese market was generally non-reactive within relatively short timeframes around announcements although with positive reactions within longer estimation periods. Furthermore, the perceived value by acquirers and stockbrokers varied considerably, yet such value was commonly attributed to effective due diligence and successful integration. The study therefore concludes that recent M& A activity in Malta has often been limited in its effectiveness towards enhancing shareholder value.\u0000Originality/Value: the paper provides both corporate managers and stockbrokers with insights into M&A activity particularly in a small-state market.\u0000","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131262499","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Fundamental, Stock Market, and Macroeconomic Factors on Equity Premium – Evidence from Indonesia Stock Exchange","authors":"Basri Basri, H. Kusuma, Z. Arifin, Dwipraptono Agus Hardjito","doi":"10.32602/jafas.2022.022","DOIUrl":"https://doi.org/10.32602/jafas.2022.022","url":null,"abstract":"Purpose: The equity premium influences investors' investing decisions, as well as their savings, spending habits, and portfolio allocation between risk-free and risky assets. Researchers have used different economic variables as potential predictors of the equity premium. However, research on determinants of equity risk premiums in emerging markets is less studied. This study aims at investigating the influence of fundamental (debt/equity ratio, dividend pay-out ratio), stock market (beta, stocks price volatility, liquidity), and macroeconomics factors (inflation and exchange rate) on the equity premium in Indonesia.\u0000Methodology: Data was collected from a 213 sample of stocks listed in the Indonesia Stock Market for January 2007 to December 2014. Data panel regression was performed to evaluate the impact of fundamental and stock market factors, measured in 16 semesters. Time-series regression was conducted to assess the impact of macro-economic factors, measured monthly.\u0000Findings: We find that debt ratio, dividend ratio, beta, stock prices volatility, and exchange rate are positively related to the equity premium while inflation had a negative relationship. Stocks liquidity did not play a significant role in explaining the equity premium. \u0000Originality/Value: This study offers insights for investors to determine reasonable returns based on information about the significant determinants in the Indonesia Stock Market.\u0000","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114341290","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Factors Affecting the Application of Environmental Accounting in Manufacturing Enterprises in Vietnam","authors":"Thi Kim Xuyen Dinha, Thanh D. Nguyen, Thu Hien Nguyen","doi":"10.32602/jafas.2022.020","DOIUrl":"https://doi.org/10.32602/jafas.2022.020","url":null,"abstract":"Purpose: Starting from the goal of economic development associated with environmental protection activities, this study examines the factors affecting the application of environmental accounting (EA) in manufacturing enterprises in Vietnam.\u0000Methodology: This study is conducted using a combination of qualitative research methods (review of previous theories and research papers related to the research) and a quantitative research model (testing the degree of the appropriateness of the scale and the theoretical model through Cronbach's Alpha reliability coefficient, exploratory factor analysis (EFA), multivariable regression analysis to determine the relationship between factors affecting the application environmental accounting in manufacturing enterprises in Vietnam.\u0000Results: Multivariable regression analysis shows that all factors (six factors) included in the study have an impact on the application of environmental accounting in manufacturing enterprises in Vietnam. Which stakeholder pressure has the strongest impact and financial resources have the weakest effect on the application of EA in these enterprises. \u0000Originality/Value: This study provides empirical evidence about the impact of each factor on the application of environmental accounting, thereby helping state management agencies, professional associations, and businesses in the process of developing and promulgating policies affecting these factors to promote the application of environmental accounting in Vietnamese enterprises.\u0000","PeriodicalId":366129,"journal":{"name":"journal of accounting finance and auditing studies (JAFAS)","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121127562","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}