2003 Fiscal Year Final Research Report Summary
Theoretical and Empirical Research on Disclosure and Audit of Information about Risks and Uncertainties of a Company
| Project/Area Number |
14530168
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Kobe University |
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Principal Investigator |
NAITO Fumio Kobe University, Graduate School of Business, Professor, 大学院・経営学研究科, 教授 (80188862)
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| Project Period (FY) |
2002 – 2003
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| Keywords | risk information of a company / uncertainty information of a company / financial audit / usefulness of disclosed information / reliability of disclosed information / uncertainties / assurance level of audit |
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| Research Abstract |
The following four research purposes were set up in this research.
(1)We will investigate the actual condition of the disclosure about the risk and uncertainty of business activities of a company by international comparison. And we will extract inductively the contents of risk and uncertainty information, and will typify them.
(2)We will solve the judgment criteria for disclosing risk information or uncertainty information from a viewpoint of an accounting and auditing theory. Moreover, in addition, the application possibility of the judgment criteria to disclosure practices will be examined.
(3)We will show clearly positively whether a significant difference is statistically accepted between a company which positively disclose risk information and a company which is not so. We will solve the usefulness of risk information.
(4)We will research the audit to risk information from a theoretical view of financial auditing. We will present the theoretic model about the handling of uncertainties. Moreover, the application possibility of the model to the audit practices will be proved.
About the above (1), we surveyed from the U.S., Britain, and Germany, and extracted risk information from legal information documents. About the above (2), the auditing standards of the three above-mentioned nations and a statute were referred to. We arranged the judgment criteria for a risk, uncertainty or its cause phenomenon, etc.which should be disclosed from both sides of the usefulness of risk information and the reliability of the information. About (3), we mainly evaluated the positiveness of disclosure of risk information from disclosed financial information data. We created the data base indexized for the whole Japanese listed companies. About (4), we analyzed the handling of uncertainties from the view of the assurance level of audit. Moreover, although we presented the theoretic model, we are continuing the research about the application possibility to audit practices.
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Research Products
(10 results)
