The Financial Audit Complexity of The Fixed Assets
The paper shows concretely and in detail a part of what can means the auditing of fixed assets, the challenges and threatening of this field. For showing the complexity of the issue analysed, it is starting from the too much general and sinthetic of the broached issues into specialized literature, but whithout to minimize their importance. For tangible fixed assets, selected as basis of our research, there are presented the co-ordinates of the methodological approaching: the nuances of the financial reporting background and identification of the adequate one, the profile and amplitude of the audited entity, the place of tangible fixed assets into relations system of the organization, the connection between the orientation towards processes and existences examination and so on. In order to answer of the question what means to audit from financial view aspects of such issue, there are revealed following elements: the understanding of the specific internal control, the estimating of the control risk, as well as the costs and advantages assessing of the internal control mechanisms testing. Identifying and explaining the content of the most important internal control mechanisms, regarding the assessment of this, as well as the substantial tests of the operations from a sequence, it is emphasized the amplitude, the difficulty and risks associated of the whole, respectively of the fixed asset auditing.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Diemo Dietrich, 2006.
"Asset Tangibility and Capital Allocation within Multinational Corporations,"
IWH Discussion Papers
4, Halle Institute for Economic Research.
- Knechel, W. Robert, 2007. "The business risk audit: Origins, obstacles and opportunities," Accounting, Organizations and Society, Elsevier, vol. 32(4-5), pages 383-408.
- Salterio, S. & Koonce, L., 1997. "The persuasiveness of audit evidence: The case of accounting policy decisions," Accounting, Organizations and Society, Elsevier, vol. 22(6), pages 573-587, August.
- Barrett, Michael & Cooper, David J. & Jamal, Karim, 2005. "Globalization and the coordinating of work in multinational audits," Accounting, Organizations and Society, Elsevier, vol. 30(1), pages 1-24, January.
When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xi:y:2008:i:4:p:49-62. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eleni Giannakopoulou)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.