Forthcoming and Online First Articles

International Journal of Critical Accounting

International Journal of Critical Accounting (IJCA)

Forthcoming articles have been peer-reviewed and accepted for publication but are pending final changes, are not yet published and may not appear here in their final order of publication until they are assigned to issues. Therefore, the content conforms to our standards but the presentation (e.g. typesetting and proof-reading) is not necessarily up to the Inderscience standard. Additionally, titles, authors, abstracts and keywords may change before publication. Articles will not be published until the final proofs are validated by their authors.

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International Journal of Critical Accounting (3 papers in press)

Regular Issues

  • The contribution of internal audit to fraud audit. Evidence from Greece.   Order a copy of this article
    by George Drogalas, Michail Pazarskis, Dimitrios Mitskinis, Athanasios Koulikas 
    Abstract: This paper aims to examine the extent to which the establishment of internal auditing and the work of internal auditors contribute to fraud detection. For the purpose of this study, a questionnaire was sent to Greek companies and the sample was compiled by 114 from these. Statistical analysis was performed using the linear structural equation modelling (SEM) method. The results show that fraud audit is significantly influenced by the internal audit contribution, the audit committee’s contribution, the internal auditor’s contribution as well as their obligations. The originality of this study lies both in the fact that not enough research has been conducted that delves deeper into this subject and the method that was used for the data analysis.
    Keywords: fraud audit; internal audit; IA; audit committee; AC; internal auditor; internal audit effectiveness; structural equation modelling; SEM; Greece.

  • IFRS adoption and earnings management in Kuwait firms: pre and post-COVID-19   Order a copy of this article
    by Abdullah E. Alajmi, Rasheed Alrashidi 
    Abstract: This study examines how Kuwaiti firms managed their earnings before and after adopting International Financial Reporting Standards (IFRS), with a focus on the COVID-19 pandemic. It also identifies the factors that influence earnings management and how these factors differ between the two periods. The study used a quantitative approach and analysed financial data from annual reports of 60 Kuwaiti companies listed on the Kuwait Stock Exchange (KSE) from 2016 to 2021 using robust regression. It used discretionary accruals to measure earnings management and three models, including the standard Jones model, modified Jones model, and Kothari model, for the analysis. The findings show that firms are more likely to manage their earnings under IFRS than under the previous Kuwaiti accounting standards. Additionally, earnings management increased significantly during the COVID-19 pandemic as firms tried to meet analysts’ expectations and avoid negative market reactions. The study also identified several motives for earnings management, such as increasing executive compensation and avoiding negative market reactions.
    Keywords: IFRS adoption; earnings management; COVID-19; Kuwait Stock Exchange; KSE; Kuwait.

  • The identity of accounting profit - a trial of criticism to accounting   Order a copy of this article
    by Masaya Fujita 
    Abstract: To determine profit, we must subtract expenses from revenue. Why do we have to compute profit indirectly? Why can profit neither be touched nor seen? And what is accounting profit? These questions are important for financial accounting researchers. Below offers answers by analysing and identifying the characteristics of computing profit. Surplus value is the essence of profit. Its expression is frequently used in analysing capitalism, but it has existed from the start of human labour. Without it, there could be no ancient remains or increases in population. In this paper, surplus is used instead of surplus value and accounting profit, the individual, historical and tangible form of surplus, is determined by double-entry bookkeeping (Fujita, 2002, 2017), i.e., it is the difference of capital at the beginning and the period end (computed on the balance sheet), and the difference of revenue and expenses (computed in the profit and loss account). Accounting profit is the individual, historical and concrete forms of surplus but what is a surplus is problematic. This paper asserts that it comes from the deprivation from nature (the earth) and the effects of accounting on economic actions can threaten the future of humankind.
    Keywords: accounting profit; surplus; only one cost; labour cost; depletion of resource and energy; deprivation from the earth; exhaustion of resources.