The Importance of External Audit in Detecting Abnormalities and Fraud in the Financial Statements of Public Enterprises in Kosovo
In our paper, we have focused on determinant factors and their impact on the audit of public enterprises in Kosovo. In addition, we have analyzed the impact of audit quality on improving transparency and accountability of public enterprises. The study also assesses factors that affect effectiveness...
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Dunarea de Jos University of Galati
2019-04-01
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Series: | Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
Online Access: | http://www.eia.feaa.ugal.ro/images/eia/2019_1/Ismajli_Perjuci_Braha_Prenaj.pdf |
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doaj-d525a59120fc40918ca2a796c5f214ba2020-11-25T01:37:14ZengDunarea de Jos University of GalatiAnnals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics1584-04091584-04092019-04-01251511The Importance of External Audit in Detecting Abnormalities and Fraud in the Financial Statements of Public Enterprises in KosovoHysen ISMAJLI0Edona PERJUCI1Medina BRAHA2Vlora PRENAJ3University of Prishtina, KosovoUniversity of Prishtina, KosovoUniversity of Prishtina, KosovoUniversity of Prishtina, KosovoIn our paper, we have focused on determinant factors and their impact on the audit of public enterprises in Kosovo. In addition, we have analyzed the impact of audit quality on improving transparency and accountability of public enterprises. The study also assesses factors that affect effectiveness and ineffectiveness of information in the audit reports of the Kosovo National Audit Office. The data were obtained based on observations, documentation, questionnaires and interviews. Respondents were internal auditors of public enterprises in Kosovo as well as external auditors of the Office of the Auditor General in Kosovo. This research was designed using primary and secondary sources of data and was carried out according to statistical analysis methods using the average algebraic size method and absolute variation indicators. The findings of this paper suggest that external auditors consider the potential risk of errors and fraud as being high, that they have aversive attitudes against errors and fraud, and that for them there exists a negative relationship between errors and fraud and financial reporting. Also, the quality of the external audit positively affects the detection of fraud and anomalies within financial statements.http://www.eia.feaa.ugal.ro/images/eia/2019_1/Ismajli_Perjuci_Braha_Prenaj.pdf |
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DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Hysen ISMAJLI Edona PERJUCI Medina BRAHA Vlora PRENAJ |
spellingShingle |
Hysen ISMAJLI Edona PERJUCI Medina BRAHA Vlora PRENAJ The Importance of External Audit in Detecting Abnormalities and Fraud in the Financial Statements of Public Enterprises in Kosovo Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
author_facet |
Hysen ISMAJLI Edona PERJUCI Medina BRAHA Vlora PRENAJ |
author_sort |
Hysen ISMAJLI |
title |
The Importance of External Audit in Detecting Abnormalities and Fraud in the Financial Statements of Public Enterprises in Kosovo |
title_short |
The Importance of External Audit in Detecting Abnormalities and Fraud in the Financial Statements of Public Enterprises in Kosovo |
title_full |
The Importance of External Audit in Detecting Abnormalities and Fraud in the Financial Statements of Public Enterprises in Kosovo |
title_fullStr |
The Importance of External Audit in Detecting Abnormalities and Fraud in the Financial Statements of Public Enterprises in Kosovo |
title_full_unstemmed |
The Importance of External Audit in Detecting Abnormalities and Fraud in the Financial Statements of Public Enterprises in Kosovo |
title_sort |
importance of external audit in detecting abnormalities and fraud in the financial statements of public enterprises in kosovo |
publisher |
Dunarea de Jos University of Galati |
series |
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics |
issn |
1584-0409 1584-0409 |
publishDate |
2019-04-01 |
description |
In our paper, we have focused on determinant factors and their impact on the audit of public enterprises in Kosovo. In addition, we have analyzed the impact of audit quality on improving transparency and accountability of public enterprises. The study also assesses factors that affect effectiveness and ineffectiveness of information in the audit reports of the Kosovo National Audit Office. The data were obtained based on observations, documentation, questionnaires and interviews. Respondents were internal auditors of public enterprises in Kosovo as well as external auditors of the Office of the Auditor General in Kosovo. This research was designed using primary and secondary sources of data and was carried out according to statistical analysis methods using the average algebraic size method and absolute variation indicators. The findings of this paper suggest that external auditors consider the potential risk of errors and fraud as being high, that they have aversive attitudes against errors and fraud, and that for them there exists a negative relationship between errors and fraud and financial reporting. Also, the quality of the external audit positively affects the detection of fraud and anomalies within financial statements. |
url |
http://www.eia.feaa.ugal.ro/images/eia/2019_1/Ismajli_Perjuci_Braha_Prenaj.pdf |
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