Methods for Risk Identification and Assessment in Financial Auditing

Zaiceanu, Ana Maria; Hlaciuc, Elena; Lucan, Alexandra Narcisa Cioban

doi:10.1016/s2212-5671(15)01437-9

Cited by 16 publications

(12 citation statements)

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“…Our solution was suitable for those FSIs that required higher‐level data protection and needed less data processing in the cloud. Concerning the practical implementations, for instance, auditing service organizations could use the PS2 to store their customers' data in the clouds, which used to be stored in a specific disk called “black box,”() in that auditing services demanded a remarkably high secure operation environment. Contemporary manipulations are mostly operated on‐premises in order to avoid privacy leakage over the Internet, which is costly for financial customers.…”

Section: Experiments and The Resultsmentioning

confidence: 99%

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Privacy‐preserving smart data storage for financial industry in cloud computing

Qiu

Gai

Zhao

et al. 2017

Concurrency and Computation

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The recent booming development of cloud computing has enabled a dramatical revolution for current enterprises to create values. Numerous benefits of utilizing cloud services are enhancing the efficiency of improving or creating new businesses. This trend is also associated with the rapid growth of the wireless networks, such as 5G. However, the great increase of deploying clouds also leads to new concerns in data security. One of the major concerns is private leakage that derives from insiders' malicious operations or attacks. This problem has raised a great restriction for financial firms to execute cloud applications. Focusing on this issue, we propose a new solution, entitled Privacy-Preserving Smart Storage (PS2) model that targets at solving the privacy leakage problems within the existing threat models. The proposed approach uses a novel distributed data storage method to prevent financial enterprises from insiders' massive data mining-based attacks.

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Section: Experiments and The Resultsmentioning

confidence: 99%

“…Concerning the practical implementations, for instance, auditing service organizations could use the PS2 to store their customers' data in the clouds, which used to be stored in a specific disk called "black box," 39,40 in that auditing services demanded a remarkably high secure operation environment.…”

Section: Discussionmentioning

confidence: 99%

Privacy‐preserving smart data storage for financial industry in cloud computing

Qiu

Gai

Zhao

et al. 2017

Concurrency and Computation

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“…Similarly, it is generally perceived that non-audit fee also affects auditor independence (Kinney et al, Auditor Independence, Non-Audit Services, and Restatements: Was the US Government Right?, 2002). Some studies investigated the factors that are related to the audit process such as risk assessment procedures (Zaiceanu et al, 2015), analytical procedures (Glover et al, 2015), audit sampling (Hoogduin et al, 2015) and audit documentation (Payne and Ramsay, 2008). Many studies are carried out to check the relationship of various factors pertaining to an audit firm and audit quality.…”

Section: Factors Affecting Audit Qualitymentioning

confidence: 99%

Factors affecting Sharīʿah audit quality in Islamic banking institutions of Pakistan: a theoretical framework

Rashid

Ghazi²

2021

IES

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PurposeThe objective of this study is to present a theoretical framework, which helps ascertain the meanings of the Sharīʿah audit quality and identify the factors that affect it.Design/methodology/approachThe current literature of conventional and Islamic finance on audit quality is critically reviewed to propose the theoretical framework for the quality of Sharīʿah audit.FindingsThe paper suggests that for a better Sharīʿah compliance at Islamic banking institutions (IBIs), the role of audit practitioners is very much indispensable. The competency of the practitioner is one of the important factors that affect the quality of the Sharīʿah audit. Assessment and identification of Sharīʿah risk in different financial arrangements, contracts and transactions require a unique competency on the part of the auditor, that is, gripping Sharīʿah law besides traditional assurance skills and techniques.Practical implicationsThe Sharīʿah compliance is one of the primary objectives of IBIs, which works at the conceptual level, product development and implementation level, various business models and governance level. Sharīʿah audit function, internal or external, is an important component of Sharīʿah governance framework and provides an independent assessment of IBIs’ compliance with the Sharīʿah rules and principles and helps in managing the Sharīʿah non-compliance risk and ensuring sound internal Sharīʿah control system.Originality/valueThe paper proposes a theoretical framework for defining the Sharīʿah audit quality and determining the factors that are significant in affecting the Sharīʿah audit quality in the IBIs of Pakistan.

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“…Analysis of the scientific literature [16][17][18][19] has shown that the following types of software used by fiscal authorities in foreign countries for e-auditing can be distinguished ( Table 1). The purpose of the article is to perform a comparative analysis of professional software in the field of the tax audit.…”

Section: Introductionmentioning

confidence: 99%