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LIKE many other people, Hawker Siddeley Dynamics have also been interested in resin‐systems which have, or claim to have, a higher heat resistance, and tests on these as they became available were part of our normal evaluation programme at Whitley. It was during one of these programmes, when physical and mechanical properties of filled resins were being evaluated that the question of their suitability as protective coatings against rain was raised. The subject was a challenging one, and we decided to take it up.

The advances and continuous development of technology have been identified as significant influences on the accounting profession (AICPA, 1998). In the last twenty years, both academia and the accounting profession have been giving much attention to the demand and opportunity for audits to be performed automatically, continuously and in nearly real time. This paper presents a comprehensive review of continuous auditing research by providing an overview of the emergence and growth of the continuous auditing literature and classifying the extant continuous auditing research on the basis of four research characteristics indicated by a newly developed research taxonomy.

The advances and continuous development of technology have been identified as significant influences on the accounting profession (AICPA, 1998). In the last twenty years, both academia and the accounting profession have been giving much attention to the demand and opportunity for audits to be performed automatically, continuously and in nearly real time. This paper presents a comprehensive review of continuous auditing research by providing an overview of the emergence and growth of the continuous auditing literature and classifying the extant continuous auditing research on the basis of four research characteristics indicated by a newly developed research taxonomy.

Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.

A collection of essays by a social economist seeking to balance economics as a science of means with the values deemed necessary to man′s finding the good life and society enduring as a civilized instrumentality. Looks for authority to great men of the past and to today′s moral philosopher: man is an ethical animal. The 13 essays are: 1. Evolutionary Economics: The End of It All? which challenges the view that Darwinism destroyed belief in a universe of purpose and design; 2. Schmoller′s Political Economy: Its Psychic, Moral and Legal Foundations, which centres on the belief that time‐honoured ethical values prevail in an economy formed by ties of common sentiment, ideas, customs and laws; 3. Adam Smith by Gustav von Schmoller – Schmoller rejects Smith′s natural law and sees him as simply spreading the message of Calvinism; 4. Pierre‐Joseph Proudhon, Socialist – Karl Marx, Communist: A Comparison; 5. Marxism and the Instauration of Man, which raises the question for Marx: is the flowering of the new man in Communist society the ultimate end to the dialectical movement of history?; 6. Ethical Progress and Economic Growth in Western Civilization; 7. Ethical Principles in American Society: An Appraisal; 8. The Ugent Need for a Consensus on Moral Values, which focuses on the real dangers inherent in there being no consensus on moral values; 9. Human Resources and the Good Society – man is not to be treated as an economic resource; man′s moral and material wellbeing is the goal; 10. The Social Economist on the Modern Dilemma: Ethical Dwarfs and Nuclear Giants, which argues that it is imperative to distinguish good from evil and to act accordingly: existentialism, situation ethics and evolutionary ethics savour of nihilism; 11. Ethical Principles: The Economist′s Quandary, which is the difficulty of balancing the claims of disinterested science and of the urge to better the human condition; 12. The Role of Government in the Advancement of Cultural Values, which discusses censorship and the funding of art against the background of the US Helms Amendment; 13. Man at the Crossroads draws earlier themes together; the author makes the case for rejecting determinism and the “operant conditioning” of the Skinner school in favour of the moral progress of autonomous man through adherence to traditional ethical values.

Einleitung Dieser Artikel hat den Zweck, den heutigen Stand des Wissens auf dem Gebiet der strategischen Führung auf die Fremdenverkehrsunternehmung zu übertragen. Zweck der folgenden Ausführungen ist' es, die Orientierungsgrössen der strategischen Führung in ihrem Zusammenhang darzustellen. Es soll gezeigt werden, dass die entsprechenden, bisher im industriellen Bereich erprobten Denkkategorien auch für Fremdenverkehrunternehmungen gültig und mit Nutzen auf diese anwendbar sind. lm Rahmen dieses Artikels können nicht alle für die Tourismusbranche spezifischen Gegebenheiten vollumfänglich berücksichtigt werden. Die theoretischen Ausführungen werden jedoch anhand von zahlreichen konkreten Beispielen aus dem Tourismus‐ und Freizeitsektor erläutert. Neben Beispielen aus Fremdenverkehrsunternehmungen im engeren Sinne werden auch solche aus Fremdenverkehrsorten dargestellt, bei denen es sich in bestimmter Hinsicht urn unternehmungsartige Gebilde 1) handelt.

This paper analyses the use of big data techniques in auditing, and finds that the practice is not as widespread as it is in other related fields. We first introduce contemporary big data techniques to promote understanding of their potential application. Next, we review existing research on big data in accounting and finance. In addition to auditing, our analysis shows that existing research extends across three other genealogies: financial distress modelling, financial fraud modelling, and stock market prediction and quantitative modelling. Auditing is lagging behind the other research streams in the use of valuable big data techniques. A possible explanation is that auditors are reluctant to use techniques that are far ahead of those adopted by their clients, but we refute this argument. We call for more research and a greater alignment to practice. We also outline future opportunities for auditing in the context of real-time information and in collaborative platforms and peer-to-peer marketplaces.

The advent of new enabling technologies and the surge in corporate scandals has combined to increase the supply, the demand, and the development of enabling technologies for a new system of continuous assurance and measurement. This paper positions continuous assurance (CA) as a methodology for the analytic monitoring of corporate business processes, taking advantage of the automation and integration of business processes brought about by information technologies. Continuous analytic monitoring-based assurance will change the objectives, timing, processes, tools, and outcomes of the assurance process.

The objectives of assurance will expand to encompass a wide set of qualitative and quantitative management reports. The nature of this assurance will be closer to supervisory activities and will involve intensive interchange with more of the firm s stakeholders than just its shareholders. The timing of the audit process will be very close to the event, automated, and will conform to the natural life cycle of the underlying business processes. The processes of assurance will change dramatically to being meta-supervisory in nature, intrusive with the potential of process interruption, and focusing on very different forms of evidential matter than the traditional audit. The tools of the audit will expand considerably with the emergence of major forms of new auditing methods relying heavily on an integrated set of automated information technology (IT) and analytical tools. These will include automatic confirmations (confirmatory extranets), control tags (transparent tagging) tools, continuity equations, and time-series cross-sectional analytics. Finally, the outcomes of the continuous assurance process will entail an expanded set of assurances, evergreen opinions, some future assurances, some improvement on control processes (through incorporating CA tests), and some improved data integrity.

A continuous audit is a methodology that enables independent auditors to provide written assurance on a subject matter, for which an entity’s management is responsible, using a series of auditors’ reports issued virtually simultaneously with, or a short period of time after, the occurrence of events underlying the subject matter.

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  CICA/AICPA Research Study on Continuous Auditing (1999)

CICA/AICPA Research Study on Continuous Auditing (1999)

Companies must disclose certain information on a current basis.

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  Corporate and Auditing Accountability, Responsibility, and Transparency (Sarbanes-Oxley) Act (2002)

Corporate and Auditing Accountability, Responsibility, and Transparency (Sarbanes-Oxley) Act (2002)

Die Anwendung strategischer Fhrungsmethoden in Hotelunternehmen ist durch zunehmende Turbulenz im gesamtgesellschaftlichen Umfeld und durch Intensivierung des Wettbewerbes in der Tourismusbranche wichtiger denn je. Unbefriedigend ist, dass die strategische Fhrung von Service‐unternehmen lange Zeit zu sehr unter dem Eindruck einer Theorie fr Unternehmen der Sachgterpro‐duktion gestanden hat. Erst in den letzten Jahren wurden in verstärktem Masse eigene Theorieansätze entwickelt, wobei bestimmte Besonderheiten von Dienstleistungen verstärkte Beachtung finden. Dazu zählt vornehmlich die “buyer/seller‐interaction”, mit simultanem Ablauf von Produktion und Konsum. Die von Gästen wahrgenommene Qualität persönlicher Dienstleistungen wird in dieser Situation massgeblich beeinflusst. Um eine strategische Managementfalle zu vermeiden, ist daher das Geschehen im Rahmen persönlicher Gästekontakte und das damit verbundene Problem einer präventiven Qualitäts‐sicherung im Rahmen von Stärken/Schwächen‐Ana‐lysen als zentraler Erfolgsfaktor zu beachten.