• The Journal of Asian Finance, Economics and Business
• /
• 제7권8호
• /
• pp.289-296
• /
• 2020

The study investigates the association between the effectiveness of the board of directors and the likelihood that a company receives a modified audit opinion (as a measure of the quality of companies' external financial reporting) in Malaysia. The sample companies were extracted from the population of publicly-available information mainly the annual reports of publicly-listed companies on the Bursa Malaysia. 136 firm-year observations listed on Bursa Malaysia were identified to examine the relationship between the effectiveness of the board of directors and a modified audit opinion. Data used in this study are collected from two separate sources - annual reports and Datastream. Any missing financial figure from Datastream was acquired from the annual reports. To test the study's hypotheses, we use the pooled cross-sectional logistic regression analysis for 136 firm-year observations listed on Bursa Malaysia over the period 2009-2011. The evidence we have uncovered is consistent with the hypothesis that companies with large score of the board of directors' effectiveness are less possible to receive a modified audit opinion. Therefore, the result confirms that the combined effect of the board of directors' characteristics has a significant negative association with the likelihood of the companies receiving a modified audit opinion.

• The Journal of Asian Finance, Economics and Business
• /
• 제9권4호
• /
• pp.261-272
• /
• 2022

This study examined the association between key audit matters (KAM) and the cost of debt. Financial records and auditors' reports were used to collect data for the fiscal years 2016 and 2017, which were the first two years after KAM was implemented in Thailand. Samples are listed companies in Thailand, where the financial system is primarily debt-based and external auditors play an important role in maintaining financial reporting quality. The final samples for the two-year period consist of 770 observations. The KAM is measured in three aspects: the number of issues, the number of words, and the readability, while the cost of debt is measured by the ratio of interest expense to total debt. The research finds that the KAM readability is significantly and negatively related to the cost of debt. Meanwhile, the number of issues and words have no significant effect on the cost of debt. The finding suggests that auditors' writing skills play a crucial role in the lending decisions of creditors.

• 해양환경안전학회지
• /
• 제25권3호
• /
• pp.287-297
• /
• 2019

The recent increase in crude oil trading has led to an increase in the workings of SPM for crude oil carriers. VLCCs generally encounter difficulty entering port due to limitations in terms of sea depth and maneuverability. The SPM is a system that allows mooring to the buoy located in the outer sea for such vessels. However, the buoy is more affected by relatively external forces because of their of shore location. Therefore, the safety assessment of SPM is particularly important as it can lead to large oil pollution disasters in the event of SPM accidents. Despite this, in the implementation of the Marine Traffic Safety Audit Scheme in Korea, there exists no guidance for SPM. In this study, a SPM mooring safety assessment is performed using OPTIMOOR, a numerical analysis program, so as to understand the mooring characteristics of SPM. As a result, it is confirmed that the tension of mooring lines and hull movement in the SPM are greatly affected by the encounter angles with external forces. In addition, it is found that the maximum tension of the mooring line is elevated as the water depth becomes shallower through sensitivity analysis. According to SPM characteristics, which has a large influence on the encounter angle, this study has proposed an amendment to setting criteria in the implementation of the Maritime Traffic Safety Audit Scheme which could improve the reliability and accuracy of mooring safety assessments.

• 한국병원경영학회지
• /
• 제1권1호
• /
• pp.203-247
• /
• 1996

This article reviews the art and practice of strategic management process in hospitals today, in order to help hospital administrators for managing strategic management system in their hospitals. The strategic management process model in this article is based on an integrated approach combining traditional environmental model with resource-based model of strategy. The components of the model are consisted of five steps: (1)formulating objectives, strategic assessment by external environmental analysis, internal capability analysis, TOWS analysis and marketing audit, (3)strategy choice considering context and criteria of choice, (4)program implementation through operational planning, resource allocation, and conversion, and (5)control by monitoring and evaluating hospital outputs. This article deals with many aspects of issues inherent in every step on this strategic management process.

• 한국의학물리학회:학술대회논문집
• /
• 한국의학물리학회 2002년도 Proceedings
• /
• pp.17-18
• /
• 2002

Last year, a three-year research program was started in order to establish an external audit system to radiotherapy QA in Japan. It consists of questionnaire surveys, mailed (off-site) dosimetry and visited (on-site) dosimetry at radiotherapy facilities in Japan. The first questionnaire was sent to all Japanese radiotherapy facilities in October 2001, surveying basic QA procedures at each facility. 628 answers were returned with the return rate of 87%. In February 2002, the second questionnaire was sent. Off-site and on-site dosimetry have been tested in several facilities, and will be started soon. We anticipates that this program will gradually grow to a radiotherapy quality control center similar to Radiological Physics Center at MD Anderson Hospital.

• 산경연구논집
• /
• 제10권5호
• /
• pp.77-86
• /
• 2019

Purpose - The present study examined the reliability of accounting information based on the pay slice (CPS) information of chief executive officers (CEOs) in the service industry. The difference in the size of CPS under the capitalist system can be used as an index to gauge the influence of top management. Research design, data, and methodology - In accordance with the amendment of the Financial Investment Services and Capital Market Act in 2013, the pay information of individual registered executives with annual salary of more than 500 million won has been disclosed. The sample of the current study is 232 companies listed on the Korea Exchange excluding financial services from 2013 to 2015, when the individual pay-slice information for registration officers was published in the business report in accordance with the revision of the Capital Market Act. The financial data required for this study were extracted from the FnGuide and the TS-2000. With the data, we tested the relationship between CPS and accounting information reliability through a linear regression analysis. Results - The first result showed that the relationship between the CPS and human resource in internal accounting control system in the service industry is significantly negative only with the accounting department personnel. This result implied that the CEO can negatively affect the retention of the accounting department in the firm. Second, both the CPS and quality of audit in the service industry are negatively related both to audit fees and to audit time. Nonetheless, the relationship between the number of the auditor and the CPS is insignificant. This result indicated that the CEO can negatively affect audit fees and audit time of external auditors. The results of the present study suggested that CPS information may have a negative impact on the reliability of accounting information. Conclusion - This study is the first study to examine the reliability of CPS and accounting information for the service industry in terms of human resources in internal accounting control system and audit quality. Therefore, the present study is expected to provide some useful information to economic decision-making of various external parties for service firms.

• 한국컴퓨터정보학회논문지
• /
• 제9권1호
• /
• pp.79-86
• /
• 2004

현재 거의 모든 운영체제는 여러 웹 서비스를 지원하기 위하여 운영체제 수준의 보안성을 제공하고 있다. 하지만, 많은 부분에서 운영체제 수준의 보안성이 취약한 것이 사실이다. 특히, TCSEC(Trusted Computer System Evaluation Ceiteria)에서 정의한 B2 레벨 이상의 보안성을 만족시키기 위한 Security Kernel 레벨에서의 감사/추적 기능이 필요하다 이를 위해 시스템 콜 호출시 감사 자료를 생성하고, 모든 이벤트에 대해 동일한 포맷의 감사 자료를 생성하여 추후 역추적 하는데 필요한 정보를 제공토록 한다. 본 논문에서는 안전한 증거 확보를 위하여 기존 리눅스 커널에 대해 변경 없이 적용 가능한 LKM(Loadable Kernel Module) 기법을 이용한 감사/추적 시스템 모듈을 제안하였다. 이는 침입탐지시스템과 같은 외부 감사자료 등을 동시에 활용할 수 있는 인터페이스를 제공하고, 시스템 관리자와 보안 관리자를 구분하여 역할기반의 안전한 시스템을 제공한다. 이러한 자료 등은 추후 법적 대응이 가능한 컴퓨터 포렌식스의 자료로 활용하고자 한다.

• 한국산학기술학회논문지
• /
• 제13권4호
• /
• pp.1690-1698
• /
• 2012

음주는 손상의 가장 위험 요인으로 정확한 평가를 위하여 세계보건기구에서 개발한 Alcohol Use Disorders Identification Test (만성음주행태측정 이하 AUDIT)와 같은 도구를 이용하여 성인에서의 음주행태와 손상 발생률 및 손상 세부 특성과의 연관성을 평가하고자 실시 하였다. 본 연구는 2009년도 국민건강영양조사를 이용하였으며 성인 만 19세 이상 성인 중 7,893명이 참여하여 손상에 응답한 7,511명, 그 중 음주행태조사 참여는 6,6362명 설문에 무응답 104명을 제외 최종 6,258명 연구 대상으로 분석하였다. AUDIT범주에 따른 손상 발생률 및 세부특성 즉 신체부위, 유형, 기전별 손상 발생율의 비교위험도를 T-test, ANOVA, Logistic regression 이용하여 산출하였다. 통계분석은 SPSS 19.0 통계프로그램을 사용하였다. 분석결과 체전손상에서 남자가 손상의 발생이 유의하게 높았다. 음주 관련 손상의 경우에서 남자가 여자에 비해 손상의 발생 위험이 8.3배 높았다. 교육은 고등학교 졸업자가 AUDIT이 가장 높은 비율을 보여 유의하였으며, 결혼한 사람과 월소득이 201-300만원인 사람들이 AUDIT가 가장 높게 나타났으며 유의하였다. 문제음주자와 알코올의존자에서 의미있게 증가된 신체부위의 손상은 두 경부에서 0.0371로 유의하게 나타났고 AUDIT와 손상외인 기전에서는 운수사고, 미끄러짐, 기타, 부딪힘, 추락의 순으로 나타났으며, 손상의 유형 분류상 기타(열상, 좌상, 중독, 관통상 등)에서 유의하였다. 음주로 인한 손상 및 손상외인의 기전은 매우 중요하며, 상담자를 통한 동기유발 조정이 이루어 지게 되면 음주횟수를 줄여 음주로 인한 손상을 완화시킬 수 있는 장치가 필요하다.

• The Journal of Asian Finance, Economics and Business
• /
• 제8권7호
• /
• pp.245-254
• /
• 2021

This paper examines the impact of corporate governance strength on capital structure in an emerging country, namely, Jordan, by constructing a corporate governance score that captures both internal monitoring mechanisms (foreign ownership and institutional ownership) and external monitoring mechanism (audit fees). In addition, this study uses profitability as control variable. This paper uses data of non-financial companies (industrial and services) of 87 listed firms on Amman Stock Exchange (ASE) from 2011 to 2019. Using the random-effects generalized least square (GLS) regression model, the findings reveal that foreign ownership significantly and negatively influences the level leverage, while institutional ownership has a positive and insignificant association with level leverage. Further, audit fees have a positive and strong significant association with level leverage in Jordan. In addition, profitability has a positive and significant association with leverage. These outcomes suggest that foreign ownership should be encouraged in listed companies as it can replace the weakness of other corporate governance mechanisms in Jordan. The outcomes of the current study should be of great interest to regulators and policy-makers. The results, which are robust to a range of alternative proxies and to additional tests, provide new insights into the determinants of level leverage.

• 한국병원경영학회지
• /
• 제22권2호
• /
• pp.1-16
• /
• 2017

1) Purpose: The goal of this study is to examine the association between independent external financial audits and uncompensated care. Not-for-profit hospitals are required to provide uncompensated care in return for tax exemption. These tax exemption benefits are applied to all activities that contribute to the enhancement of uncompensated care. However, some researchers argue not-for-profit hospitals do not provide uncompensated care as expected by their tax exemption. Thus, this paper examines whether independent external financial audits can help the not-for-profit hospitals to function as designed and ultimately for meeting the objectives of the not-for-profit organization, which are the clearest examples of charitable activities performed by not-for-profit hospitals. 2) Methodology: Panel data analysis was utilized with fixed effect using California hospital financial data from 2002 to 2011. 3) Findings: We found that hospitals receiving independent external financial audits provide more uncompensated care than their counterparts which do not receive audits. 4) Practical Implications: Not-for-profit hospitals provide uncompensated care to people in welfare blind spots. Therefore, they fulfill what governments cannot afford, and play a social role as a ʻnonprofitʼ organization with independent external financial audits.