logo

Applied business research: Theory and progression in business research

   

Added on  2021-05-30

6 Pages1908 Words412 Views
Running head: APPLIED BUSINESS RESEARCH Applied business researchName of the studentName of the universityAuthor noteWord count: 1524

Running head: APPLIED BUSINESS RESEARCH 1Table of contentsSummary of the theory and progression in the field..................................................................3Common themes/findings across the four articles.....................................................................3Different themes/findings across the four articles.....................................................................4The managerial implication of the four articles.........................................................................4Study limitations and future research direction proposed in the four articles............................5Reference list..............................................................................................................................6

Running head: APPLIED BUSINESS RESEARCH 2Summary of the theory and progression in the fieldAuditing is very important in the case of analysing the financial risk of anorganization. This can be sad that auditing system is a crucial system for preventing thefinancial errors and identifying the misstatements in the organisation's report and record. Inthis study, four articles have been reviewed for analysing the key changes in an audit report,which are required for organizational development. In an article named ‘Enhanced auditor'sreporting,' it has been identified that auditing standard has changed. It has been mentioned inthis article that by following the assurance standards Board, the organizations will be able toapply this in the workplace (Ernest and Young 2016). As its result, the audit will be moreinformative and transparent in order to deal with the issues. The second article which has been reviewed in this study has mentioned aboutrevising the existing assurance board proposals in the organization (Auditing and AssuranceStandards Board 2015). Enhancement is auditing report a critical process, in which dependingon the existing financial crisis and risk, the future reports are being released. Theenhancement report not only being introduced for introducing the financial report but also itis being introduced for analysing the quality of financial reporting in an organization.Depending on the judgement of the auditor, the person the significance of those financialstatements audits to the higher authority. In this situation, this can be said that depending onthe characteristics of auditors the audit report may vary. In this article, the standards whichhave been mentioned are ASAs 220, 210, 510, 230, 580, 710 and 600 (Auditing andAssurance Standards Board 2015). In the third article named ‘Understanding Audit quality: Insights from AuditProfessionals and Investors' it has been identified that in an audit firm, measures andevaluation of audit quality are the important agendas of the auditing standards setters. In thisstudy, the quality of audit in PCAOB has been highlighted. It has been identified in this studythat the audit quality influences the input process of an organization. It has also beenmentioned in this study that quality of the auditor is very important in the case of analysingthe auditing quality. Different audit quality indicators have been identified in this study, byThe Public Company Accounting Oversight Board (Christensen et al. 2016). This has alsobeen mentioned in this study that these qualities have the higher level of impacts on theinternal and external management of the company. The fourth article named ‘Do Critical Audit Matter Paragraphs in the Audit ReportChange Nonprofessional Investors' Decision to Invest?’the author has tried to shed light onthe changes in the standard audit report, which has been recently changed. It has beenmentioned in this study that both the international and US standard setters have brought thesechanges in the case of critical audit matter and recruitment. In this study, it has been shownthe reaction of nonprofessional investors towards the audit report. Depending on the auditreports, the investors have decided to bring the changes in their financial decisions(Christensen, Glover and Wolfe 2014). In this article, the author has also tried to highlight theimportance of critical audit matter. This has been identified that through this process, thebenefits of the financial statements are being clarified to the investors. On the other hand, thishas also been mentioned in this article that Critical audit matters impact on the financial usersin an organization.Common themes/findings across the four articles After analysing the four articles, this has been identified that in the current business scenario,it has very important for the organizations to develop proper financial management in an

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Applied Business Research
|8
|1909
|256

Applied Business Research
|5
|1607
|148

Accounting Fraud Prevention: Summary and Theories
|6
|1853
|76

Applied Business Research Assignment
|9
|2059
|25

Importance of Ethics in Accounting and Auditing
|9
|1638
|480

Audit and Assurance Services docx
|14
|3223
|16