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What information we want?
We want information about behavioural circumstances [within an organization] affecting
provision stakeholders with proper financial information by the organization itself.
In the ECAR document we can find following things worth considering.
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| A01) |
Expressions of commitment by the board of directors or other such body or person
in favour of presentation and disclosure of true and fair view in the financial statements.
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| A02) |
General respect of shareholders', business partners' and other stakeholders'
rights by those in charge of providing financial information
that stakeholders need in protecting their financial interests.
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| A03) |
Existence of incorruptible truthful employees that are working in the financial reporting.
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| A04) |
The financial reporting process's managers' motivation, courage, and will to learn,
seize and resolve important financial reporting problems.
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| A05) |
Use of sanctions and removal of temptations in order to prevent and stop wrong or untruthful financial reporting.
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| A06) |
Susceptibility of management's fraud in financial reporting.
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| A07) |
Staff's willingness and possibility to report safely (e.g. anonymously)
about breaches of rules in financial reporting practices.
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| A08) |
The independent auditor's input compared with the board's and management's
input for correctness of financial information.
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| A09) |
The things that the staff is most worried in the control environment
in the organization's financial reporting process.
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