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Content Analysis Of Ceo Statement And Auditor`S Recommendation: A Case Study Of Banca Transilvania

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  • PAula Andreea TERINTE

    (Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, paula.terinte@yahoo.com, Iasi, Romania,)

Abstract

The aim of this paper is to determine if recommendations of auditors are implemented by the management and are described in the CEO statements and if they have the same purpose, namely, extending the performance of the bank. The study provides important information on the quality of audit performed in Romania of a bank that is an independent bank holding the majority Romanian stake and investigates the relationship between internal audit and the bank`s management. We conducted a content analysis of 6 annual independent auditors` reports and 5 annual CEO statements of Banca Transilvania using emergent coding. For our analysis, we retrieved data from the Annual Reports of Banca Transilvania for the period between 2008 and 2013. The results were significant; the management of the bank takes into consideration auditors' recommendations and implements them, which validates our research question. After implementing the recommendations of auditors in 2009 and 2010, CEO statements present positive financial results of the bank. The study found out that the analysed reports have a very specific structure.

Suggested Citation

  • PAula Andreea TERINTE, 2016. "Content Analysis Of Ceo Statement And Auditor`S Recommendation: A Case Study Of Banca Transilvania," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 9(9), pages 93-107, June.
    • Handle: RePEc:aic:jopafl:y:2016:v:9:p:93-107
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    References listed on IDEAS

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    5. Roussy, Mélanie, 2013. "Internal auditors’ roles: From watchdogs to helpers and protectors of the top manager," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 24(7), pages 550-571.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Internal Audit; Performance; Bank; Management;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing

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