Relationship between risk and transparency in the financial statements of professional services entities

The purpose of financial reports is to provide useful information to users; the utility of information is defined through the qualitative characteristics (fundamental and enhancing). The financial crisis emphasized the limits of financial reporting, which has been unable to prevent investors about the risks they were facing. Due to the current changes in business environment, managers been highly motivated to rethink and improve the risk governance philosophy, processes and methodologies. The lack of quality, timely data and adequate systems to capture, report and measure the right information across the organization are fundamental challenges to implementing and sustaining all aspects of effective risk management. Starting from ‘80s, the investors have become more interested in narratives (from the Notes to financial statements), than in primary reports (which disclose financial position and performance). In this research, we aim to identify whether the accounting services entities disclose risk information in their financial statements. The research will use a regression model for the assessment of the relationship between the size, profitability, leverage ratios and risk reporting by the accounting and taxation services providers in Romania during the period 2009-201

COMPARATIVE ANALYSIS OF THE COHESION POLICY FOR THE PERIODS 2007-2013 AND 2014-2020

The present article underlines the idea that tasking projects with economic potential fiscal tools will supply help for investments by the way of lending guarantees, equity and other risk-bearing which includes policy based on guarantees for European Social Funds. Except for the shown advantages of recycle funds over the long-terms, fiscal tools provide mobilization to investment in order to have access to market in line with Europe 2020 and unity priorities. More than that, those tools help a lot of spurs to have a good performance, which includes good fiscal discipline at the level of supported projects. In the view of the fiscal situation and the increasing poorness of social resources, fiscal tools are willing to have stronger role in unity policy within 2014-2020 programming period

THE IMPACT OF PUBLIC DEBT ON ECONOMIC GROWTH WITHIN EU

The main idea of this paper consists in offering a general view regarding a comparative analysis between different EU countries on public debt and economic growth. In the meantime, this is the evidence that the annual shift of the public dues ratio and the budget deficit to GDP ratio are seen in a bad way and linearly associated with per-capita GDP increase. The conduits term through government`s obligation (level or change) is expected to have a big impact over the economical increased rate as: i) secret saving; ii) social investments; iii) all the productivity factors; iv) unlimited long-term nominal and real interest rate. From a political point of view, the results will bring basically arguments for dues reduction to support long-term increase prospect

Recurrent somatic alterations of FGFR1 and NTRK2 in pilocytic astrocytoma

Pilocytic astrocytoma, the most common childhood brain tumor(1), is typically associated with mitogen-activated protein kinase (MAPK) pathway alterations(2). Surgically inaccessible midline tumors are therapeutically challenging, showing sustained tendency for progression(3) and often becoming a chronic disease with substantial morbidities(4). Here we describe whole-genome sequencing of 96 pilocytic astrocytomas, with matched RNA sequencing (n=73), conducted by the International Cancer Genome Consortium (ICGC) PedBrain Tumor Project. We identified recurrent activating mutations in FGFR1 and PTPN11 and novel NTRK2 fusion genes in non-cerebellar tumors. New BRAF activating changes were also observed. MAPK pathway alterations affected 100% of tumors analyzed, with no other significant mutations, indicating pilocytic astrocytoma as predominantly a single-pathway disease. Notably, we identified the same FGFR1 mutations in a subset of H3F3A-mutated pediatric glioblastoma with additional alterations in NF1(5). Our findings thus identify new potential therapeutic targets in distinct subsets of pilocytic astrocytoma and childhood glioblastoma