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Quality Audits (quality + audit)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting100%

Selected Abstracts

Quality Audit in Financial Investment Services

INTERNATIONAL JOURNAL OF AUDITING, Issue 2 2000
Stanislav Karapetrovic
This paper discusses the following two questions: What is a ,Quality Audit'? Why and how does it apply to financial investment services? ,Quality' in this important field of service is understood as the perception of the investor about achieving satisfactory returns, under generally accepted risks, within a planned time. The service provider normally assures this quality with due care mostly in information gathering, communication and investment decision-making. Once this quality assurance is adequately formalized and documented, a ,quality audit' can be performed. The ISO 9000 international standards and guidelines describe a quality system that can be applied to provide meaningful quality assurance in investment services. Respective quality audits are described in the ISO 10011 Quality Audit Guideline. The development of quality assurance systems and quality audits for compliance and improved performance presents benefits to both the client and the investment service provider. [source]

Great Expectations?: The Dubious Financial Legacy of Quality Audits

BRITISH JOURNAL OF MANAGEMENT, Issue 1 2000
Tracey A. Swift
In recent years there appears to have been a veritable boom in the provision of ,quality audits', that is, audits of organizations' production processes and management systems. Despite the rising significance of this international audit movement affecting hundreds of thousands of organizations world-wide, there has been limited interest in, or critique of, the practice of quality audit by academic auditing researchers. This paper traces the history of quality assurance standards and auditing and finds that quality auditing is not simply an outgrowth of an engineering inspection function. Rather, for several decades, quality auditors have consciously modelled their practice on that of the statutory financial audit, which in turn, exposes them to similar issues with regard to the long standing ,expectations gap' debate. Yet, despite what the authors argue are critical links with the financial audit, there has not been any notable involvement on the part of the accounting profession with quality auditing. The growing demand for ,added-value' audits poses considerable questions for the future development and organizational significance of quality auditing. Current developments in both quality and financial audit services suggest that these two influential audit movements are now competing against each other to promote business excellence and contribute to business strategy. [source]

Quality Audit in Financial Investment Services

INTERNATIONAL JOURNAL OF AUDITING, Issue 2 2000
Stanislav Karapetrovic
This paper discusses the following two questions: What is a ,Quality Audit'? Why and how does it apply to financial investment services? ,Quality' in this important field of service is understood as the perception of the investor about achieving satisfactory returns, under generally accepted risks, within a planned time. The service provider normally assures this quality with due care mostly in information gathering, communication and investment decision-making. Once this quality assurance is adequately formalized and documented, a ,quality audit' can be performed. The ISO 9000 international standards and guidelines describe a quality system that can be applied to provide meaningful quality assurance in investment services. Respective quality audits are described in the ISO 10011 Quality Audit Guideline. The development of quality assurance systems and quality audits for compliance and improved performance presents benefits to both the client and the investment service provider. [source]

Great Expectations?: The Dubious Financial Legacy of Quality Audits

BRITISH JOURNAL OF MANAGEMENT, Issue 1 2000
Tracey A. Swift
In recent years there appears to have been a veritable boom in the provision of ,quality audits', that is, audits of organizations' production processes and management systems. Despite the rising significance of this international audit movement affecting hundreds of thousands of organizations world-wide, there has been limited interest in, or critique of, the practice of quality audit by academic auditing researchers. This paper traces the history of quality assurance standards and auditing and finds that quality auditing is not simply an outgrowth of an engineering inspection function. Rather, for several decades, quality auditors have consciously modelled their practice on that of the statutory financial audit, which in turn, exposes them to similar issues with regard to the long standing ,expectations gap' debate. Yet, despite what the authors argue are critical links with the financial audit, there has not been any notable involvement on the part of the accounting profession with quality auditing. The growing demand for ,added-value' audits poses considerable questions for the future development and organizational significance of quality auditing. Current developments in both quality and financial audit services suggest that these two influential audit movements are now competing against each other to promote business excellence and contribute to business strategy. [source]