This book continues the discussion on recent developments relating to ethical and sustainable issues in accounting & finance from Ethics and Sustainability in Accounting and Finance, Volume I. Accounting is often seen as a technical discipline that records, classifies and reports financial transactions. However, since the financial information produced concerns all interest groups both within and outside the enterprise, accounting also has social characteristics and involves multi-faceted duties and responsibilities. As such, in addition to basic principles and accepted rules and standards in the field, this book focuses on the ethical aspects and fundamentals of this profession that accountants should also take into consideration, as this is the only way to build and preserve society’s confidence in accounting and increase its social credibility.
Author(s): Kıymet Tunca Çalıyurt
Series: Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application
Publisher: Springer
Year: 2021
Language: English
Pages: 279
City: Cham
Acknowledgements
Contents
Editor and Contributors
List of Figures
List of Tables
1 Introduction Chapter: Why It Is Time to Talk About Fraud Quadrangle: Negative Pressure, Unethical Rationalization, Unsufficient Control-Auditing, and Moral Erosion
1.1 Introduction
1.2 Recent Accounting Frauds in Business World
1.3 New Revised Ethical Codes for Accountants
1.4 Conclusion
References
Part IEthics and Sustainability in Finance and Risk Management
2 Investigation of the Effects of Environment on Financial Reporting
2.1 Introduction
2.2 Literature Review
2.3 Environmental Accounting
2.4 Environmental Accounting in Terms of Financial Accounting
2.5 Environmental Accounting in Terms of Cost Accounting
2.6 Environmental Reporting
2.7 Sustainability Reporting
2.8 Integrated Reporting
2.9 Solutions and Recommendations
2.10 Conclusion
References
3 An Empirical Investigation of the Determinants of Market Efficiency in Borsa Istanbul
3.1 Introduction
3.2 Data
3.3 Methodology
3.4 Results
3.5 Concluding Remarks
References
4 Impact of Non-financial Disclosure Scores on the Cost of Equity Capital: Evidence from European Data in the Light of the Subprime Crisis
4.1 Introduction
4.2 Theoretical Framework and Hypotheses
4.3 Research Design
4.3.1 Sample Description
4.3.2 Empirical Model
4.3.3 Definition of the Variables
4.3.4 Empirical Findings
4.3.5 Additional Analyses and Robustness Checks
4.3.6 Discussion and Conclusion
Appendix: Bloomberg Criteria Scoring the Quality of Environmental, Social and Governance Information Disclosure
References
5 Profile of the Entrepreneur of Triunfo-Pe Counters
5.1 Introduction
5.2 Entrepreneurship
5.2.1 Women’s Entrepreneurship
5.2.2 Entrepreneurship: Opportunity X Necessity
5.2.3 The Accounting Professional and Entrepreneurial Profile
5.2.4 Entrepreneur Profile
5.2.5 Entrepreneurial Skills and Professional Accounting
5.3 Methodology
5.4 Presentation and Discussion of Results
5.5 Analysis and Results
5.6 Final Considerations
References
6 Value Relevance of Intangibles: A Literature Review
6.1 Introduction
6.2 Value Relevance Concept
6.2.1 Definition of Value Relevance and Historical Background
6.2.2 Value Relevance and Accounting Standards
6.3 Value Relevance of Intangibles
6.3.1 Value Relevance of Research and Development (R&D) Expenses
6.3.2 Value Relevance of Other Intangibles and Goodwill
6.4 Concluding Remarks
References
7 Risk Management in the Insurance Company
7.1 Introduction
7.2 Risk in Insurance
7.3 Type of Risks Common for Insurance Companies
7.3.1 Insurance–Technical Risk
7.3.2 Underwriting Risk
7.3.3 Investment Risk
7.3.4 Operational Risk
7.3.5 Administrative–Economical Risk
7.4 Risk Management in the Insurance Company
7.5 Conclusion
References
Part IIEthics and Sustainability in Banking
8 Evaluating the Effectiveness of the Coordination Between Internal Control and Internal Audit: A Survey-Based Analysis on Turkish Banking Sector
8.1 Introduction
8.2 Audit Works in Turkish Banking Sector
8.3 Literature Review
8.4 A Survey-Based Analysis Regarding Effectiveness of the Coordination Between Internal Control and Internal Audit on Turkish Banking Sector
8.5 Evaluation of Questionnaire Participants’ Responses
8.6 Conclusion
Appendix: Survey Form
References
9 Indian Banking Scenario and SBI Mega-Merger
9.1 Introduction to Banking System
9.2 State Bank of India (SBI)
9.3 Mergers and Acquisitions of Indian Banks
9.4 SBI Mergers
9.5 SBI’s Mega-Merger
9.6 Reasons of Merger
9.7 Effects of Merger
9.8 Key Challenges of Merger
9.9 Conclusion
References
10 Definition and Classification of Financial Statement Fraud
10.1 Introduction: What Is Fraud?
10.2 Classification of Fraud
10.3 Who Commits Fraud?
10.4 Financial Statement Fraud: Definitions
10.5 Importance of Financial Statement Information
10.5.1 Costs Associated with Financial Statement Fraud
10.6 Range of Financial Statement Information
10.7 Types of Fraud in the Financial Statements
10.7.1 Revenue Manipulation
10.7.2 Inventory Manipulation
10.7.3 Liability Manipulation Financial Statement Fraud
10.7.4 Asset Manipulation in Financial Statement Fraud
10.8 Disclosure Fraud
References
Part IIIEthics and Sustainability in Accounting
11 Islamic Finance and Sustainability Reporting: The Mediator Role of Green Accounting
11.1 Introduction
11.2 Sustainability of Islamic Financial System
11.3 Literature Review
11.3.1 Research Methodology
11.4 Results and Analysis
11.5 Conclusion
References
12 Sustainability Accounting in Turkey
12.1 Introduction
12.2 Sustainability and Corporate Sustainability
12.3 Sustainability Accounting
12.4 Sustainability Accounting Standards Board (SASB)
12.5 Sustainability Reports
12.6 Sustainability Accounting and Sustainability in Turkey
12.7 Conclusion
References
13 The Effects of Digital Transformation Process on Accounting Profession and Accounting Education
13.1 Introduction
13.2 Literature Reviews
13.3 The Effects of Digital Transformation on Accounting Profession
13.4 The Effects on Accounting Education of Digital Transformation
13.5 Conclusion
References
Part IVEthics and Sustainability in Auditing
14 Evaluation and Rating of Corporate Governance and Internal Auditing in Turkish Public Companies
14.1 Introduction
14.2 Basic Structure of Internal Control System
14.3 Internal Control Procedures
14.3.1 Analysis Tools and Components of Internal Control System
14.3.2 Regulations on Internal Control
14.3.3 Internal Control Awareness in Businesses: Practice in Publicly Traded Companies
14.4 Discussion
References
15 New Paradigm in Auditing: Continuous Auditing
15.1 Introduction
15.2 Components of Continuous Auditing: Continuous Control and Risk Assessment
15.3 Major Differences Between the Traditional Audit and the Continuous Audit Concepts
15.4 Benefits of Continuous Auditing
15.5 Historical Development of Continuous Auditing
15.6 Developing Continuous Auditing Applications
15.6.1 Steps to Develop Continuous Auditing Applications
15.6.2 Preparation to Develop Continuous Auditing Applications
15.6.3 Getting the Support of the Management
15.6.4 Determining the Audit Software
15.6.5 Understanding the Business Processes
15.6.6 Determining the Important Controls and Risks
15.6.7 Developing the Continuous Auditing Model
15.7 Determining the Scope of the Analysis
15.8 Conclusion
References
16 Enhancing Risk Management Procedures in Audit Firms: Acceptance & Continuance
16.1 Introduction
16.2 General Principles of Risk Management Policies
16.3 Engagement Leader Responsibilities
16.4 Client Acceptability
16.5 Client Identification
16.6 Reliance on Other Lines of Service for Client Acceptability
16.7 Engagement Acceptability
16.8 Continuance
16.9 Conclusion
References
Index
