THE USE OF COMPANIES AFTER PRIVATIZATION TO METHODS OF EVALUATION AND ACCOUNTING DISCLOSURE IN JORDAN, FROM THE POINT OF VIEW OF INTERNAL AUDITORS
Journal Title: European Journal of Business and Social Sciences - Year 2014, Vol 3, Issue 3
Abstract
This study aims to Facilitating access to technology and modern management techniques much needed to foster competitiveness on the global markets and access to new and stable markets , Stemming the flow of public funds by way of assistance or loans to private projects, in order to alleviate the financial burden of the Treasury . The study population consists of the internal auditors of the companies privatized in Jordan as the study sample was selected of internal auditors in seven companies privatized . this study find results as : the privatized companies have been introducing ICT tools which helped to show the real costs for goods and services , data validation and calculations and ensure the safety of the financial position of the institutions and public enterprises to be privatized , and Historical values are modified in the financial position to the equivalent of the current monetary units have the same purchasing power that prevailing at the time of acquisition . the major recommendations are : The need to create economic competition among various sectors in order to increase efficiency and effectiveness in the provision of products and services through privatization of industries are leading to increasing competition , The Audit Committee shall determine the accounting principles to be applied after the privatization process and the follow-up of its implementation ,and Fixed assets are estimated as a replacement value minus accumulated depreciation after privatization.
Authors and Affiliations
Dr . Atallah Al-hosban| Irbid National University – Jordan, Dr. Ali Maqableh| Irbid National University – Jordan, Dr. Hani Rawashdeh| Irbid National University – Jordan
Keywords
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