eng Chamber of Financial Auditors of Romania Audit Financiar 18448801 2019-05-01 17 154 247 260 10.20869/AUDITF/2019/154/247 9608 article This paper aims to examine how the relationship between the auditor and the auditee influences the negotiation strategies and also the study of the link between variables related to the relationship between the auditor and the auditee in the negotiation process during the audit engagement. Based on the literature and the working tool (questionnaire), it was possible to demonstrate that the auditor-auditee relationship is a key factor in establishing negotiation strategies between auditors and clients. The bivariate analysis performed in the paper consolidate the research of the specialized literature and confirm the existence of a link between the auditor-auditee relationship/familiarity in the implementation of all the negotiation strategies during the audit mission. http://revista.cafr.ro/temp/Article_9608.pdf auditor-auditee negotiation auditor-auditee relationship familiarity audit mission mutual interest eng Chamber of Financial Auditors of Romania Audit Financiar 18448801 2019-05-01 17 154 261 273 10.20869/AUDITF/2019/154/261 9609 article In a continuous changing world, internal audit registers its own dynamic. The present paper emphasizes the priorities and trends in internal audit reflected by international surveys as well as the empirical study performed by the authors in regard with the use of IT tools by the Romanian internal auditors. Starting from these coordinates, the authors investigate means of enlarging the use of IT focusing on data analysis and IT security issues. The authors’ investigation continues on coordinates less approached in the academic field, regarding the behavior dimensions and its impact on the internal auditors’ work. The study’s conclusions could represent important benchmarks in the practitioners’ work and offer a large field for debate in the academic and research field. http://revista.cafr.ro/temp/Article_9609.pdf internal audit trends IT tools behavior dimensions skills communication eng Chamber of Financial Auditors of Romania Audit Financiar 18448801 2019-05-01 17 154 274 282 10.20869/AUDITF/2019/154/274 9610 article This study aimed to examine the effect of the free float of shares and audit quality on company performance in public manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2013-2016. The sample comprised 80 companies with 320 years-observation and the hypothesis and the relationship between variables were tested with the 3.0. version of Smart-PLS statistical program. The results show that the free float of shares has no significant impact on company performance, while audit quality has a significant positive effect. The results are relevant for regulators, shareholders and other stakeholders, especially in countries with emerging capital markets, such as Indonesia. http://revista.cafr.ro/temp/Article_9610.pdf free float of shares company performance audit quality capital markets eng Chamber of Financial Auditors of Romania Audit Financiar 18448801 2019-05-01 17 154 283 297 10.20869/AUDITF/2019/154/283 9611 article As users` needs become larger, entities need to adapt their provided information. Thus, financial reporting suffers permanent changes. One of the recent changes that occurred at entities that report in line with the International Financial Reporting Standards, applicable from 2018, highlights the IFRS 15 revenue recognition approach, which amends IAS 18 and is based rather on a related approach transfer of control than on the commonly used risk transfer and benefit approach. The areas that best reflect these changes are telecommunications, software development, real estate investment and construction. In this paper it is emphasized the impact of the new IFRS 15 standard on income recognition, highlighting various illustrative examples. http://revista.cafr.ro/temp/Article_9611.pdf IFRS 15 income recognition customer contracts eng Chamber of Financial Auditors of Romania Audit Financiar 18448801 2019-05-01 17 154 298 305 10.20869/AUDITF/2019/154/298 9612 article The associated risks of the technologies currently used in the accounting field, relating to the difficulty of maintain the security of data, are still significant due to the complexity of the systems used which, in addition to the benefits they bring in accounting processes, generate a number of challenges in maintaining the fundamental characteristics of data. To address the current lack of well-trained practitioners for them to be able to reduce these risks, the international professional bodies support the need of developing a sufficient set of skills for accountants, by raising the awareness level of the impact that security incidents may have. At the same time, there is a gap between the skills that students acquire and the requirements of the business environment, an aspect that favors the increase and the impact of cyber-attacks. The purpose of this paper is to investigate the perception of data security of the practitioners in the field of accounting and auditing and the extent to which they believe that the information they receive is sufficient while examining the different types of actions of the professionals that may affect the security of accounting information. The results of the research show that the professionals are aware of the good practices of maintaining the fundamental characteristics of the data and understand the impact of incorrect information management, but a significant part of the study participants believes that does not receive enough information on data security from companies and professional organizations. http://revista.cafr.ro/temp/Article_9612.pdf information security perception of the practitioners phishing risks accountability eng Chamber of Financial Auditors of Romania Audit Financiar 18448801 2019-05-01 17 154 306 326 10.20869/AUDITF/2019/154/306 9613 article The expansion of international real estate investment has also created the need for more transparency on real estate markets. In this context, the paper aims at identifying the dimensions and trends of the transparency of real estate markets in 31 states, mostly European, in correlation with their economic development. Applying the Principal Component Analysis (PCA), t-Student test and regression analysis highlighted the strong and significant associations of transparency quantified by the Global Real Estate Transparency Index with the institutional environment, macroeconomic factors, technology, innovation and the social environment. The results of the research show that the most competitive and robust countries have the most transparent and mature real estate markets. Technology, innovation, infrastructure quality and expanded business networks imply new trends in transparency in developed countries. In emerging and developing countries, the quality of governance and lack of corruption are prerequisites for transparency in real estate markets. http://revista.cafr.ro/temp/Article_9613.pdf transparency Global Real Estate Transparency Index real estate markets Europe competitiveness corruption eng Chamber of Financial Auditors of Romania Audit Financiar 18448801 2019-05-01 17 154 327 338 10.20869/AUDITF/2019/154/327 9614 article The cross-border mergers and acquisitions (M&As) are powerful strategies, used by companies, usually with financial resources, to search and acquire target companies that fulfill specific needs of the acquirers. The characteristics of the target companies and of the environment where they activate compose the determinants that lead to either a domestic or a cross-border M&A, suitable to generate synergy success and efficiency gains for the shareholders of the involved companies. Considering a sample of 60 acquisitions which involved at least one Romanian company in the position of the acquirer or the target, the authors considered the financial information of both companies as predictors for the stake that the acquiring company will buy in the target. Also, they considered the level of relatedness between the activities of the companies and the accounting practice of the target as factors with significant influence in this choice. The research results will show that the deal value paid, the productivity and the relatedness of the two companies significantly influence the stake purchased in the target company, but the accounting practice lead to a significant increase in the capacity of the proposed model to predict the variance of the final stake. http://revista.cafr.ro/temp/Article_9614.pdf cross-border acquisitions deal value relatedness target company productivity