Year 2017, Issue 2
Date published7.7.2017
Table of content
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Natalia F. Altukhova, Elena V. Vasileva
Internet-Entrepreneurship in Russia and the New Forms of Training Young EntrepreneursKeywords: e-business, Startup, Design thinking, IT-education, new educational technologies, technological entrepreneurship, trainingSummary: The article considers features of development of startups in Russia. Department of Business Informatics Financial University under the Government of the Russian Federation teaches undergraduate and graduate students the basics of... The article considers features of development of startups in Russia. Department of Business Informatics Financial University under the Government of the Russian Federation teaches undergraduate and graduate students the basics of entrepreneurship on the Internet from 2015. Developed author's techniques of training of young entrepreneurs based on the use of technology design thinking. The authors use the example of a business game, which uses design thinking and Lean Startup.DOI: -
Branimira Assenova Koleva
The Role of Materiality and the Correct Assessment of Audit Risk in Issuing Quality Audit ReportJEL: Ì42Keywords: independent financial audit, audit, planning materiality, margin of error, audit risk, audit evidence, evaluation of results, audit procedures, audit report, auditor’s opinion, financial statement, audit qualitySummary: The Certified Public Accountant (CPA) has to take an oath before the independent financial audit may commence. Everyone has to comply with the code of ethics, perform a quality and independent work. This paper is aimed at supporting... The Certified Public Accountant (CPA) has to take an oath before the independent financial audit may commence. Everyone has to comply with the code of ethics, perform a quality and independent work. This paper is aimed at supporting the work of auditors by providing theoretical knowledge and illustrative examples on the definition and use of audit materiality. Each of us is a user of financial statement information, however we may not always understand from the audit report if there is an unqualified (clear) opinion (in terms of volume). This is due to the fact that the audit materiality is stated in the audit file and not considered valuable in the audit report. In addition, the audit materiality is not a public information and any errors below the level of materiality remain in the audit file. What is the level of materiality determined by the auditor, what are the rules that have led to define it? This remains confidential information. The core of the audit is to determine the audit risk, the level of materiality and gathering audit evidence. Quality work performed by the auditor ensures audit quality. It is difficult to determine audit quality as this does not get clear from the auditor's report. Therefore, in order to better inform users of financial statements, it is required additional disclosures to be made in the audit report presented as recommendations in the study.DOI: -
Kalin Kalev
Perceived Risk in Mandatory Risk DisclosuresSummary: Banks are taking risks which are ex post inadequately disclosed. Opaque information impedes market participants to estimate the level of risk. Risk disclosures allow investors and other stakeholders to understand the risk profile of... Banks are taking risks which are ex post inadequately disclosed. Opaque information impedes market participants to estimate the level of risk. Risk disclosures allow investors and other stakeholders to understand the risk profile of the bank entity. In effect, ttransparent risk disclosures promote market discipline. The paper is focused on the identification of the affect of the financial risk on the ex post mandatory disclosures.DOI: -
Iliyan Nikolaev Hristov, Lyubomira Georgieva Dimitrova
Measurement of the Term “Readability” in the Annual Activity Reports of the Bulgarian Public CompaniesJEL: Ì49Summary: The text of public disclosures is a basic unit of communication between the enterprise and the external users concerned, in particular - the investors. The aim is for the latter to obtain information regarding the results from the... The text of public disclosures is a basic unit of communication between the enterprise and the external users concerned, in particular - the investors. The aim is for the latter to obtain information regarding the results from the activity of the enterprise, its financial position, as well as its prospects for development. A condition for achieving efficiency in this process is the ease of understanding of the published textual information, contained in the financial statements. It is essential that it is complete, accurate and reliable, presented unambiguously, clearly and specifically so that it is easily perceived and understood by its users. For this reason, the empirical study of the "readability" factor of the information disclosed in the annual reports on the activities of the Bulgarian public enterprises is of great interest.DOI: -
Mihal Stoyanov, Desislava Grozdeva
Mobile Internet Commerce as a Form of Fluid CommerceSummary: Mobile commerce is a form of non-store retail trade that furthers the development of e-commerce through its implementation using portable smart devices with Internet access. Evolutionary emergence of mobile commerce is a tool of... Mobile commerce is a form of non-store retail trade that furthers the development of e-commerce through its implementation using portable smart devices with Internet access. Evolutionary emergence of mobile commerce is a tool of expanding opportunities for the implementation of commerce in the desired user location and time. It stands out as a fluid, highly adaptable and highly personalized form of commerce, modern and efficient mechanism for selling products in global markets, which solves some of the current shortcomings of e-commerce, basically the possibility of completely autonomous and independent of physical fixed hardware to exchange in the preferred location for the virtual exchange.DOI: