An inter-industry determination of structural, operational and external agents affecting inherent risk among publicly listed corporations in the Philippines from 2006 to 2010

Date of Publication

2011

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories

Accounting

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Defense Panel Chair

Rodiel C. Ferrer

Defense Panel Member

Corazon Magpayo

Michael Angelo A. Cortez

Abstract/Summary

The Auditing Practices Board defines inherent risk as the susceptibility of an account balance or class of transactions to material misstatement . This is especially important in the rigorous process of auditing, where it plays an integral part in determining the extensiveness of substantive audit measures to be conducted by a firm's auditor. Using a panel data regression approach with secondary data gathered from financial statements of Philippine publicly listed companies, we investigate how structural, operational and external agents contribute to the overall levels of inherent risk. Results show that variables pertaining to extensive growth levels, as well as variables pertaining to financial stagnation, are excellent indicators for inherent risk levels. Furthermore, the Jones model for discretionary accruals has been found to have the best application to the Philippine setting given limited data.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU15955

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

167, [3] leaves ; 28 cm. + ; 1 computer optical disc.

Keywords

Auditing--Philippines; Financial institutions--Auditing

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