INTERNAL CONTROL ACTIVITIES: CAUSE AND EFFECT OF A GOOD GOVERNANCE OF ACCOUNTING REPORTINGS AND FISCAL DECLARATIONS

As a subsystem of the management system, the internal control could beviewed as the primordial condition for the efficient and effective accomplishment of thegeneral and specific objectives of any organization. From the audit perspective, theinternal control represents both an objective of the internal auditor activity, and a meansto achieve a goal for the external auditor. Starting from these approaches and from theperspective of the impact towards the corporative governance, the qualitative analysis ofthe internal control, is a current and complex issue. Hence, the scientific research hasbeen focused on identifying the answers for the following questions: Could risks thatrefer to the administrating of state revenues be controlled until a reasonable level? In thegiven context, which is the role of the internal control activities in achieving a goodcorporate governance in entities - taxpayers?corporate governance, internal control activities, risk strategy, risk tolerance, staterevenues` management

ASSESSING GOING CONCERN ASSUMPTION BY USING RATING VALUATION MODELS BASED UPON ANALYTICAL PROCEDURES IN CASE OF FINANCIAL INVESTMENT COMPANIES

Designing and performing analytical procedures aimed to assess the rating of theFinancial Investment Companies are essential activities both in the phase of planning a financialaudit mission and in the phase of issuing conclusions regarding the suitability of using by themanagement and other persons responsible for governance of going concern, as the basis forpreparation and disclosure of financial statements. The paper aims to examine the usefulness ofrecognized models used in the practice of financial standing, for the purpose of designing andapplying analytical procedures specific to financial audit missions performed within FinancialInvestment Companies. This approach can serve as a basis in designing and developing specificfinancial audit programs for capital investments.audit planning, Financial Investment Companies, analytical procedures, rating valuation, ratingmodels, going concern.

ANALYTICAL PROCEDURES USED IN FINANCIAL AUDIT FOR THEVALUATION OF PORTFOLIO PERFORMANCES – CASE OF FINANCIAL INVESTMENT COMPANIES

Conducting financial audit engagements for Financial Investment Companies is basedin a significant measure on the conception and performance of analytical procedures that assist theauditor in the process of elaborating general conclusions regarding the performances of themanaged portfolios. In connection with the issue of construction a system of indicators forassessing the portfolio performances, we remark the approach from the perspective of portfoliomanagers, though it is not explored their usefulness as analytical procedures used in a financialaudit engagement conducted in investment companies. The approach to scientific research hasconsidered, mainly, the analysis of financial statements published1 by the five Financial InvestmentCompanies in the period 2006-2008, the comparison of portfolio performances in correlation withthe reported net asset value, as well as the inspection of trading reports issued by the marketoperator Bucharest Stock Exchange and analysis reports issued by the Romanian Association ofFund Managers.Financial Investment Companies, financial assets, portfolio management, rate of return and riskcorrelation, analytical procedures, investment decision.

ASSESSING COMPLIENCE WITH CORPORATE GOVERNANCEPRINCIPLES IN CASE OF ROMANIAN FINANCIAL INVESTMENT COMPANIES

Corporate governance includes structures that combine relationshipsbetween parties who invest resources and persons that monitor and manage businesses.These relationships are both formal, defined by rules and regulations and informal,materialized in business practices or ethical codes. The paper intends to assess thecompliance level with corporate governance principles in case of Financial InvestmentCompanies as institutional investors traded on Romanian capital market (BucharestStock Exchange). The research methodology mainly consists in processing data obtainedfrom questioners addressed to these investment companies as well as observingcorporate governance statements issued by each of these entities. As presented in theconclusion section, the authors reached valuable conclusions regarding a satisfactorycompliance level with corporate governance requirements that apply to FinancialInvestment Companies.Financial Investment Companies, corporate governance, principles, ethical codes,regulations

INTERNAL AUDIT FOR FINANCIAL INVESTMENT COMPANIES – ASSURANCE FOR ADEQUATE SUPERVISING OF CORPORATE GOVERNENCE PRINCIPLES

In the risk assessment process, financial auditors often rely on internalauditors when establishing the control risk level. Therefore, adequate internal auditfunction, as part of a solid corporate governance is a factor of lowering control risk,when assessing audit risks for Financial Investment Companies. The paper intends toapproach issues related to internal audit as a relevant source of added value for listedcompanies and the main objectives related to internal audit engagements forFinancial Investment Companies. The authors are trying to answer how internal auditcontributes in an effective manner in the process of supervising corporate governanceprinciples that Financial Investment Companies as listed companies, must complywith.investment companies, corporate governance structures, internal control,management policies, tests and procedures

Chameleons in imagined conversations: A new approach to understanding coordination of linguistic style in dialogs

Conversational participants tend to immediately and unconsciously adapt to each other's language styles: a speaker will even adjust the number of articles and other function words in their next utterance in response to the number in their partner's immediately preceding utterance. This striking level of coordination is thought to have arisen as a way to achieve social goals, such as gaining approval or emphasizing difference in status. But has the adaptation mechanism become so deeply embedded in the language-generation process as to become a reflex? We argue that fictional dialogs offer a way to study this question, since authors create the conversations but don't receive the social benefits (rather, the imagined characters do). Indeed, we find significant coordination across many families of function words in our large movie-script corpus. We also report suggestive preliminary findings on the effects of gender and other features; e.g., surprisingly, for articles, on average, characters adapt more to females than to males.Comment: data available at http://www.cs.cornell.edu/~cristian/movie

People on Drugs: Credibility of User Statements in Health Communities

Online health communities are a valuable source of information for patients and physicians. However, such user-generated resources are often plagued by inaccuracies and misinformation. In this work we propose a method for automatically establishing the credibility of user-generated medical statements and the trustworthiness of their authors by exploiting linguistic cues and distant supervision from expert sources. To this end we introduce a probabilistic graphical model that jointly learns user trustworthiness, statement credibility, and language objectivity. We apply this methodology to the task of extracting rare or unknown side-effects of medical drugs --- this being one of the problems where large scale non-expert data has the potential to complement expert medical knowledge. We show that our method can reliably extract side-effects and filter out false statements, while identifying trustworthy users that are likely to contribute valuable medical information

Viviane Reding on her action in the field of the information society and media (2004-2010)

The following pages are taken from a long interview (more than eight hours of footage in total) that Viviane Reding granted us in 2015 in connection with the “Pierre Werner and Europe” research project. Drawing on more than 40 years’ experience in politics, Viviane Reding spoke about her career, the role of Luxembourg and Luxembourgers in the European integration process, and various key events in which she played a part. In these extracts, she discusses her role as a member of the first and second Barroso Commissions (2004-2009 and 2010-2014) and her efforts to help build an information and knowledge society in Europe, one that serves citizens and protects their rights and fundamental freedoms. Her achievements in this respect include capping mobile phone roaming charges (they were subsequently abolished in 2017), advocating for the introduction of a single emergency number (112) in all EU countries, launching the Europeana digital library, and spearheading a programme to use technological innovation for climate and energy solutions. She also describes the process of developing a Digital Agenda for Europe to improve the continent’s digital competitiveness compared with the United States, China and Japan – a complex and challenging task given the context of globalisation and the divergent interests of the various stakeholders (research, industry, consumers, etc.). Finally, she mentions the reform of personal data protection that she initiated (leading to the GDPR, adopted in April 2016)