Academic literature on the topic 'Going Concern Assessment'
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Journal articles on the topic "Going Concern Assessment"
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Babicheva, N. E., N. P. Lyubushin, and R. Yu Kondrat'ev. "The going concern concept in the assessment of creditworthiness of economic entities." Regional Economics: Theory and Practice 16, no. 1 (January 16, 2018): 18–37. http://dx.doi.org/10.24891/re.16.1.18.
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Babicheva, N. E., N. P. Lyubushin, and R. Yu Kondrat'ev. "The going concern concept in the assessment of creditworthiness of economic entities." Economic Analysis: Theory and Practice 16, no. 10 (October 27, 2017): 1840–58. http://dx.doi.org/10.24891/ea.16.10.1840.
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Mislavskaya, N. "International Financial Reporting Standards: Going Concern Assumption." Auditor 6, no. 8 (September 7, 2020): 60–65. http://dx.doi.org/10.12737/1998-0701-2020-60-65.
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The article analyzes the philosophical foundations of scientific accounting knowledge - assumptions about the continuity of the organization. The relevance, the need for a critical assessment of the modern accounting paradigm in the formation of the information society, in the formation of which a certain role is assigned to accounting and accounting (financial) reporting, is substantiated and proved. The author is convinced of the need to reform the accounting system, taking into account national interests. It is proposed to begin this process by clarifying the underlying accounting assumption.
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Selishchev, S. V. "Audit Evidence Supporting Going Concern of a Company." Statistics of Ukraine 82, no. 3 (September 4, 2018): 78–82. http://dx.doi.org/10.31767/su.3(82)2018.03.09.
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The information base providing the audit evidence of going concern of a company is studied. The requirements on the quantity and quality of the audit evidence to be obtained by the audit of financial statements are determined. Particular attention is paid to the procedural provision for the assessment of the risk of company termination in the foreseeable future. In view of the current auditing practice, auditors demand the extension and adaptation of the going concern when preparing financial statements by management personnel, provisions and recommendations of the respective standard for solving problems related with the methodology for testing the validity of the abovementioned assumptions. The article’s objective is to study, systematize and implement provisions of International Standards on Auditing (ISA) and general theoretical organization and methodical approaches to obtaining audit evidence of the going concern of a company.
According to ISA, the auditor’s purpose is to develop and fulfill the audit procedures in a manner allowing him to obtain the audit evidence that is sufficient and appropriate for formulating justified conclusions laying the ground for the auditor’s opinion.
A literature review shows that the modern theoretical and methodological framework of audit does not offer methodological tools for the effective assessment of the economic performance of a company for purposes of defining the termination risks. A study of the issue of testing the validity of the application of the going concern when preparing financial statements shows that the auditors are required to be competent in indicative economic parameters and items of financial statements, reflecting, first and foremost, the economic capabilities and economic performance of a company.
The study of the application of the procedural provision recommended by ISA for identification and assessment of indicative performance parameters of a company is used to develop a combination of audit procedures and methods for evaluating the results of their implementation, which allows for the reliable assessment of the risk of the company’s termination in the foreseeable future.
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Popova, Velina K., and Sarah E. Stein. "Trading Styles, Inc.: An Analysis of the Going Concern Assessment." Issues in Accounting Education 31, no. 3 (July 1, 2015): 355–66. http://dx.doi.org/10.2308/iace-51218.
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ABSTRACT This instructional case focuses on the auditor's going concern decision for a private retail client. The primary objective of this case is to understand and examine the auditor's consideration of the client's ability to continue as a going concern in a real-world setting. The case provides students with the financial aspects as well as the personal aspects of such a decision. Specifically, students must complete analytical procedures and evaluate information from several sources when forming their opinion. We also ask students to contemplate the auditor's relationship with the client in order to understand issues involving auditor independence. Throughout the case, students have the opportunity to review applicable auditing standards and to draft a going concern audit report. We expect this case would be most applicable for an undergraduate or a graduate audit course.
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Selishchev, S. V. "Using the Work of Internal Auditors in the Assessment of the Business Entity’s Ability for Doing Business as a Going Concern." Scientific Bulletin of the National Academy of Statistics, Accounting and Audit, no. 1-2 (January 15, 2019): 52–58. http://dx.doi.org/10.31767/nasoa.1-2.2019.06.
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The article explores and systematizes the strategic aspects of the methodology of using the work of internal auditors when assessing the entity’s ability for doing business as a going concern. The main principles of the internal auditors’ work are formulated. Methodological and methodological approaches to the direct use of the internal audit of a business entity during the conduct of procedures to determine the adequacy of the use of the going concern principle by management personnel when preparing financial statements are further elaborated.
Studies devoted to assessing the risk of activity termination in conducting external audit procedures using the results of internal audit or the internal audit work can significantly reduce the scopes of audit procedures without affecting their quality.
The assessment of the application of the going concern principle as one of the key phases of the audit, in particular in the aspect of internal audit, requires further consideration and adaptation to current practice.
The purpose of the article is to study and develop methodological and methodological approaches to use of internal auditors’ work in assessing the entity’s ability for doing business as a going concern.
A characteristic feature of the audit of doing business as a going concern is large scopes of information and issues that need to be investigated separately or jointly in order to adequately assess the appropriateness of applying the assessment of the entity’s ability for doing business as a going concern by management personnel, which requires the use of the work of internal auditors when assessing the entity’s ability for doing business as a going concern.
It is argued that the recommendations on the use of internal audit work in the aspect of testing going concern, provided by international auditing standards, require clarification of the task statement and the nature of work that can be done with internal audit.
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Tsiklauri-Shengelia, Zhuzhuna, Natia Shengelia, and Revaz Shengelia. "Some Practical Financial Reporting (IFRS) Assessment Aspects Of The Covid-19 Impact on Business." PIRETC-Proceeding of The International Research Education & Training Centre 104, no. 1-2 (April 4, 2021): 76–87. http://dx.doi.org/10.36962/ecs104/1-2-76.
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Generally, the covid-19 pandemic has a great impact on all big, small and medium-sized business all over the world. There are analyzed International Financial Reporting Standards (IFRS) practical issues that should be considered and addressed by the top management. These financial key issues include discussing the following: IFRS 9-Financial Instruments, IAS 36 Impairment of Assets, IAS 1, IAS 2, ISA 570 (revised) -Going Concern . The Impairment Review of Inventory, Fixed Assets, financial instruments, also the Going Concern at the entity level must be assessed in detail in the pandemic and other difficult circumstances; Keywords: IFRS , Covid-19 Impact, Impairment, Expected Credit Loss (ECL), NRV, ISA, Going Concern.
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Foster, Benjamin P., Terry J. Ward, and Jon Woodroof. "An Analysis of the Usefulness of Debt Defaults and Going Concern Opinions in Bankruptcy Risk Assessment." Journal of Accounting, Auditing & Finance 13, no. 3 (July 1998): 351–71. http://dx.doi.org/10.1177/0148558x9801300311.
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This study extends the research of Hopwood et al. (1994) and Mutchler et al. (1997) by empirically investigating the relationships between loan defaults, violation of loan covenants, going-concern opinions, and bankruptcy in bankruptcy prediction models. One objective of this study is to empirically test the ability of loan defaults/accommodations and loan covenant violations to assess the risk of bankruptcy. Another objective of this study is to investigate the impact of failing to control for these two distress events on results from tests of the usefulness of going-concern opinions in assessing bankruptcy risk. Results suggest that loan default/accommodation and loan covenant violation are both significant explanatory variables of bankruptcy at the time of the last annual report before the event. While a going-concern opinion variable appears to significantly explain bankruptcy, it is not significant when included in a model with loan default/accommodation and covenant violation variables. Consequently, our results suggest that researchers should include both loan default/accommodation and covenant violation as control variables when using bankruptcy to test the usefulness of going-concern opinions.
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Lizaldy, Muhammad Fadhill, and Yulinda Yulinda. "PENGARUH OPINI AUDIT GOING CONCERN TERHADAP MODEL PREDIKSI KEBANGKRUTAN DAN REPUTASI AUDITOR." JOURNAL OF APPLIED MANAGERIAL ACCOUNTING 1, no. 2 (September 29, 2017): 190–94. http://dx.doi.org/10.30871/jama.v1i2.506.
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Audit report with modification of going concern indicates that in auditor’s opinion there is a risk that companies could not survive. This study is aimed to investigate the effect of bankruptcy prediction model and auditor reputation on going concern audit opinion. Moreover, this going concern modification is not expected by companies due to decrease public trust of image company. In addition, some of companies received unqualified opinion stop operating and not in accordance with the auditor's assessment. Thus, this study used object includes manufacturer listed on Indonesia Stock Exchange during 2013 -2015 with 134 observations obtained using purposive sampling method. Furthermore, this data are analyzed used logistic regression analysis. The conclusion of this study, the result has showed that the financial condition proxied by bankruptcy prediction model affect going concern auditor opinion positively. The auditors reputation which is proxied by audit firm size do not positively affect the opinion.Keywords: going concern opinion, bankruptcy prediction model, auditor reputation
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Bava, Fabrizio, and Melchior Gromis di Trana. "Big4 Versus Non-Big4 Opinion about the Going Concern Assessment: A Survey." International Journal of Business and Management 14, no. 2 (January 25, 2019): 87. http://dx.doi.org/10.5539/ijbm.v14n2p87.
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Going concern (GC) assessment is a central element in the audit process. During the Global Financial Crisis the increasing number of companies receiving a going concern opinion (GCO) has stimulated public interest on this topic. Our study fuels the debate about the financial indicators used in professional practice distinguishing between the big4 and non-big4 auditors’ perspectives. Similar studies have been conducted in the past that investigated which financial ratios are the most widely used in practice. However, in 2013 Carson et al stressed the fact that the audit environment is in constant evolution, therefore it is essential to update the evidence. Our results highlight which financial indicators in the auditors’ opinion are more effective to assess whether the entity is able to continue as a GC. Our research can be useful first of all for auditors in small and medium entities, but also for dierctors, due to the fact that there is a lack of studies regarding the indicators proposed by ISA 570, where the attitudes of the big4 and non-big4 are compared.
Dissertations / Theses on the topic "Going Concern Assessment"
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Aronsson, Jonathan, and Adam Granstedt. "A Qualitative Look into Auditor’s Going Concern Assessment." Thesis, Jönköping University, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-52925.
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Introduction: The history of going concern have been surrounded by uncertainties. The concept becomes relevant in times of economic crisis. The accuracy of existing procedures concerning GCOs have been questioned, where firms file for bankruptcy without any prior indications of going concern issues. Therefore, it has been questioned if the auditors are better than anyone else to predict the future. The standards and regulations leave out large room for professional judgement, thus there is a great risk of fluctuations in the judgement process in practice. Without a complete understanding of going concern, one could question the added value of the concept, and what conclusions can be made from prior literature. Purpose: The purpose of our study is to enhance the understanding of the auditor’s going concern assessment by looking further into their application and treatment of the concept in practice. This will provide a more complete nuanced picture of auditor’s conceptualization and their process of evaluating going concern. Method: Our purpose in this study is achieved by using a qualitative research method. The empirical findings are collected through using a semi-structured interview approach. The interview guide is developed from our model (Figure 2) which is derived from previous literature in the field. Our sample consists of 6 authorized auditors from the Jönköping region. Findings: The findings indicate that the perception shifts based on the process. Going concern is a difficult assessment, which is highly influenced by subjective judgement. Auditor’s application process in practice can be identified as a step-process. Between these steps, the perception changes. The process is characterized by auditors seeking evidence to the contrary of issuing a GCO.
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Bundy, Sid. "BINARY BRIGHT-LINE DECISION MODELS FOR GOING CONCERN ASSESSMENT: ANALYSIS OF ANALYTICAL TOOLS FOR BANKRUPTCY PREDICTION CONSIDERING SENSITIVITY TO MATERIALITY THRESHOLDS." UKnowledge, 2019. https://uknowledge.uky.edu/accountancy_etds/12.
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In August, 2014, the Financial Accounting Standards Board issued an update concerning the disclosure of uncertainties about an entity’s ability to continue as a going concern. The standard requires an entities management to evaluate whether there is substantial doubt about the entity’s ability to continue as a going concern and to provide related footnote disclosures in certain circumstances. One consequence of this regulation is the need for guidance for audit testing of management’s assessments in each phase of the audit.
This research evaluates the usefulness of bankruptcy prediction models as analytical tools in the planning stage of an audit for going concern assertions and questions the use of precision as the only measure of a model’s effectiveness. I use simulation to manipulate the fundamental accounting data within five bankruptcy prediction models, explore failure rates in an environment with materiality concerns, and consider the total change in market value due to simulated errors. Given the inherent limitations of the information environment and/or current prediction models, my results indicate auditors’ current failure rates are not an indication of audit failure. The results suggest that bright-line testing using bankruptcy prediction models are sensitive to materiality and that the cost trade-off between Type I and Type II errors is an important indicator of model choice.
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Wahlström, Jim, and Charlene Akl. "Gridens svar på överlevnad : -en studie om revisorers beaktning av fortsatt drift." Thesis, Örebro universitet, Handelshögskolan vid Örebro universitet, 2011. http://urn.kb.se/resolve?urn=urn:nbn:se:oru:diva-15851.
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An auditors’ job is to review the company's figures and, as an independent part, give an accurate picture of its financial situation. Auditors have to relate to ISA where ISA 570 can be found and which deals with the going concern. The standard addresses a couple of factors that may be indications that a company can have problems with their continued operation. The problem is that ISA does not evaluate the events, which is more significant than others in the assessment, but it is up to the auditor to consider. The purpose of this paper is to describe the factors, which the auditor believes is more important than others in assessing the going concern and explain why it is so. In order to solve the purpose we used both a quantitative and qualitative method. The quantitative method was based on a grid model called The Reperatory Grid and the qualitative method consisted of interview questions. In order to obtain data we interviewed three certified public accountants. In our results and conclusion, we concluded that it is difficult to determine whether an event is more important than anyone else. The explanation is that the objects that the auditor takes into account most often is situation-specific and therefore require the auditor to use out of their previous knowledge of the company, but also create a comprehensive picture of the specific situation with the help of various dimensions.En revisors uppgift är att granska företagets siffror och, som oberoende part, ge en tillförlitlig bild av företagets ekonomiska ställning. Revisorn måste vid granskningen förhålla sig till standarden ISA. I ISA finns standarden ISA 570 som behandlar fortsatt drift (going concern). Standarden tar upp ett par faktorer som kan vara indikationer på att ett företag kan få problem med sin fortsatta drift. Problematiken är att ISA inte värderar vilka faktorer som är mer betydelsefulla än andra vid bedömningen, utan det är upp till revisorn att ta ställning. Syftet med denna uppsats är att beskriva vilka faktorer som revisorn anser är mer betydelsefulla än andra vid en bedömning av going concern samt förklara orsaken till varför det är så. För att ta reda på syftet användes både en kvantitativ och kvalitativ metod. Den kvantitativa metoden utgick från en gridmodell som kallas The Reperatory Grid och den kvalitativa metoden bestod av intervjufrågor. För att få fram data intervjuades tre auktoriserade revisorer. I vårt resultat och slutsats kom vi fram till att det är svårt att avgöra om någon händelse är mer betydelsefull än någon annan. Förklaringen till detta är att de faktorer som revisorn beaktar oftast är situationsspecifik och därför behöver revisorn använda sig utav sin tidigare kunskap om företaget, men även skapa sig en helhetsbild över den specifika situationen med hjälp av olika mått.
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Nordmark, Annie, Angelica Willstein, and Klara Otteborn. "Revision i tider av social distansering : En kvantitativ studie av revisionsbranschen under Coronapandemin." Thesis, Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO), 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-105543.
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Titel: Revision i tider av social distansering Inledning: En kris är något som påverkar det normala och bidrar till en avvikelse i en organisation. Coronapandemin har bland annat satt krav på implementering av hemarbete och dess strategier. En revisors roll i företaget är att ge en rättvisande bild av företagets finansiella information. Som revisor behöver man säkerställa att man bibehåller den revisionskvalitet som krävs, även i tider av social distansering. Syfte och frågeställning: Denna studie syftar till att undersöka om, och hur, den sociala distanseringen, till följd av Coronapandemin, har påverkat kvaliteten på revisorns arbete. Hur har revisionskvaliteten påverkats av de krav som ställts på den sociala distanseringen till följd av Coronapandemin?Hur har följande fem punkter påverkats av Coronapandemin? Revisorsarvode Revisorns lön Fortlevnadsprincipen Revisionsförfarande HumankapitalSkiljer sig resultatet åt ifall man arbetar på “Big Four” eller inte?Teori: Studien bygger på den teoretiska studien gjord av Albitar, Gerged, Kikhia och Hussainey (2020), för att nå ytterligare bredd har även annan forskning bidragit till den teoretiska referensramen. Detta för att undersöka Coronapandemins påverkan på de fem ovan nämnda nyckelaspekter i ett senare stadie av Coronapandemin än den tidigare forskningen av Albitar med flera (2020).Metod: Studien antar ett deduktivt synsätt med inslag av induktion för att få en djupare förståelse kring ämnet. Genomförandet är av kvantitativ karaktär och genomförs genom enkäter med respondenter från revisionsbyråer Sverige över.Slutsats: Studiens resultat påvisar en viss påverkan på branschen till följd av Coronapandemin. Bland annat så har bedömningen om fortlevnad försvåras då framtiden är oviss för många av klienterna. Denna studie påvisar även att revisorsarvoden inte har sänkts till följd av Coronapandemin, inte heller revisorers löneutveckling. Vidare har de krav på digitalisering effektiviserat revisorers arbete som fått implementera andra arbetssätt för att samla in de ekonomiska underlag som krävs för revisionen. Det kan inte, i nuläget, påvisas att revisionskvaliteten påverkats av Coronapandemin. Det framforskade resultatet visar att de som arbetar inom "Big Four" är mer motiverade av lön när det handlar om utfört arbete jämfört med de som inte arbetar inom "Big Four". Resterande punkter skiljer sig inte parterna sig mellan.
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Constantinides, Sylvia. "Going-concern assessments for financially distressed firms : a comparative study of auditors, bankers and insolvency practitioners." Thesis, University of Nottingham, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.246871.
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Johnsson, Christoffer, and Nicklas Persson. "Auditing in times of change: A qualitative study on how Covid-19 will affect audit quality." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-447623.
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Purpose - This study explores how Covid-19 may affect audit quality and provide early insights if the pandemic has already affected audit quality in Sweden. Design/methodology/approach - This paper uses qualitative data obtained through semi-structured interviews with eight Swedish authorized auditors within Big Four to explore possible impacts on three key aspects for audit quality. These include Going-concern assessments, Auditor-client relationship, and Auditor-independence. Findings - Even though the Covid-19 pandemic is not over, it has had fewer effects on audit quality than experts and researchers predicted. Even though the pandemic has changed the communication and the relationship between the auditor and client, the findings state no significant effect on audit quality within the auditor-client relationship. The same goes for auditor-independence. However, the findings of this study indicate that making accurate going-concern assessments has and will be more complex and thus threaten audit quality. Practical contribution – We anticipate that auditors need to provide a greater focus on GC assessments as stakeholders require greater disclosure. Further, auditors and clients should gain on the increased use of digital communication by using it as a complement to physical meetings in the future. Originality/Value - This study is, to the best of our knowledge, one of the first studies that explore the potential impacts of the Covid-19 pandemic on audit quality with empirical evidence. Since this study is conducted in the middle of the pandemic (Spring 2021), the results can be seen as indications for future researchers that beyond the pandemic seek to explain how the Covid-19 pandemic affected audit quality as it is crucial for the audit community to follow the consequences of the pandemic.
Book chapters on the topic "Going Concern Assessment"
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Awad, A. George. "Reinventing Quality of Life: Refining the Concept and Going Beyond Assessments." In Beyond Assessment of Quality of Life in Schizophrenia, 219–24. Cham: Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-30061-0_15.
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Gillick, Muriel R. "Going to the Doctor." In Old and Sick in America. University of North Carolina Press, 2017. http://dx.doi.org/10.5149/northcarolina/9781469635248.003.0001.
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This chapter describes paradigmatic office visits for an older patient. These visits are short, driven by the concern with physicians to perform well on quality indicators and on the demands of electronic medical records. They seldom address issues such as falls, memory loss, or incontinence and they rarely incorporate features of a geriatric assessment.
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Chou, Yuyu, and Jan Oetting. "Risk Assessment for Cloud-Based IT Systems." In Applications and Developments in Grid, Cloud, and High Performance Computing, 1–14. IGI Global, 2013. http://dx.doi.org/10.4018/978-1-4666-2065-0.ch001.
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The use of Cloud Computing services is an attractive option to improve IT systems to achieve rapidly and elastically provisioned capability, and also to offer economic benefits. However, companies see security as a major concern in migrating to the Cloud. To bring clarity in Cloud security, this paper presents a systematic approach to manage the risks and analyzes the full range of risk in Cloud Computing solutions. Furthermore, as a study case, Google App Engine Platform is assessed based on ISO/IEC 27002 and OWASP Top 10 Risk List in this paper. Knowing the risks of Cloud solutions, companies can execute well-informed decisions on going into the Cloud and build their Cloud solutions in a secure way, relying on a robust e-trust relationship.
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Chou, Yuyu, and Jan Oetting. "Risk Assessment for Cloud-Based IT Systems." In Grid and Cloud Computing, 272–85. IGI Global, 2012. http://dx.doi.org/10.4018/978-1-4666-0879-5.ch113.
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The use of Cloud Computing services is an attractive option to improve IT systems to achieve rapidly and elastically provisioned capability, and also to offer economic benefits. However, companies see security as a major concern in migrating to the Cloud. To bring clarity in Cloud security, this paper presents a systematic approach to manage the risks and analyzes the full range of risk in Cloud Computing solutions. Furthermore, as a study case, Google App Engine Platform is assessed based on ISO/IEC 27002 and OWASP Top 10 Risk List in this paper. Knowing the risks of Cloud solutions, companies can execute well-informed decisions on going into the Cloud and build their Cloud solutions in a secure way, relying on a robust e-trust relationship.
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Raspotnig, Christian, Peter Karpati, and Andreas L. Opdahl. "Combined Assessment of Software Safety and Security Requirements." In Research Anthology on Artificial Intelligence Applications in Security, 666–93. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-7705-9.ch031.
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Safety is a fundamental concern in modern society, and security is a precondition for safety. Ensuring safety and security of complex integrated systems requires a coordinated approach that involve different stakeholder groups going beyond safety and security experts and system developers. The authors have therefore proposed CHASSIS (Combined Harm Assessment of Safety and Security for Information Systems), a method for collaborative determination of requirements for safe and secure systems. In this article, the authors evaluate CHASSIS through industrial case studies of two small-to-medium sized suppliers to the air-traffic management (ATM) sector. The results suggest that CHASSIS is easy to use, and that handling safety and security together provides benefits because techniques, information, and knowledge can be reused. The authors conclude that further exploration and development of CHASSIS is worthwhile, but that better documentation is needed—including more detailed process guidelines—to support elicitation of security and safety requirements and to systematically relate them to functional requirements.
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Raspotnig, Christian, Peter Karpati, and Andreas L. Opdahl. "Combined Assessment of Software Safety and Security Requirements." In Research Anthology on Artificial Intelligence Applications in Security, 666–93. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-7705-9.ch031.
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Safety is a fundamental concern in modern society, and security is a precondition for safety. Ensuring safety and security of complex integrated systems requires a coordinated approach that involve different stakeholder groups going beyond safety and security experts and system developers. The authors have therefore proposed CHASSIS (Combined Harm Assessment of Safety and Security for Information Systems), a method for collaborative determination of requirements for safe and secure systems. In this article, the authors evaluate CHASSIS through industrial case studies of two small-to-medium sized suppliers to the air-traffic management (ATM) sector. The results suggest that CHASSIS is easy to use, and that handling safety and security together provides benefits because techniques, information, and knowledge can be reused. The authors conclude that further exploration and development of CHASSIS is worthwhile, but that better documentation is needed—including more detailed process guidelines—to support elicitation of security and safety requirements and to systematically relate them to functional requirements.
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Charest, Brian Charles. "The Way It's Going." In Advances in Educational Marketing, Administration, and Leadership, 1–23. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-2101-3.ch001.
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In this chapter the author argues that those concerned with the “the way it's going” in public education can learn much from post-colonial theory about the relationship between education research and assessment technologies and education reform policy, curriculum development, and knowledge formation. The author argues that current neoliberal education reform in the US can best be understood through the frame of neocolonialism, where schools and communities take the shape of internal colonies, where teachers, students, and parents have little or no say about the technologies, curricula, and standardized examinations foisted upon them. Education research that supports the current policy paradigm largely benefits researchers, corporations, and policy makers, while ignoring the effects of such policies on students, teachers, and local communities. Such practices, the author suggests, are rooted in a type of colonial thinking and acting that have been rearticulated through the prevailing logic of neoliberalism.
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Schuster, David William. "Selection Process for Free Open Source Software." In Research Anthology on Recent Trends, Tools, and Implications of Computer Programming, 1013–25. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-3016-0.ch046.
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This chapter will discuss concerns a library may consider in selecting Open Source software. The author will review all aspects of a needs assessment, along with considerations for the sustainability of an open source project. Discussions about technical abilities, identify options a library might consider, installation and usability issues, and getting involved with an open source community. There are ways a library can get involved with open source software and contribute to a community without providing programming. Going with open source can help save money, but also help the library decide the direction it wants to keep its community engaged.
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Schuster, David William. "Selection Process for Free Open Source Software." In Advances in Library and Information Science, 55–71. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-1735-1.ch004.
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This chapter will discuss concerns a library may consider in selecting Open Source software. The author will review all aspects of a needs assessment, along with considerations for the sustainability of an open source project. Discussions about technical abilities, identify options a library might consider, installation and usability issues, and getting involved with an open source community. There are ways a library can get involved with open source software and contribute to a community without providing programming. Going with open source can help save money, but also help the library decide the direction it wants to keep its community engaged.
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Simetinger, František. "Industry 4.0 as a New Disruptive Concept in IT Management and IT Governance." In Advances in Business Strategy and Competitive Advantage, 84–115. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-0361-4.ch006.
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This chapter is going through the Industry 4.0 concept. On the first hand, it relies on advanced technologies which have a high potential to save costs and deliver groundbreaking products and services. On the other hand, Industry 4.0 brings so many innovations and opportunities that it requires an essential change in thinking and organization. Presented insights are based on conducted comparative analysis and its results. This analysis compared significant maturity models for the assessment of Industry 4.0 readiness in organizations and defined universal dimensions. These identified dimensions uncovered existing gaps in the analyzed maturity models. Solving these missing areas required additional research that provided additional insights not only in Industry 4.0. The results of this analysis provided an overview of critical factors related to Industry 4.0 and possible solutions to missing parts. The technical challenges related to technologies, standards, and architectures used in Industry 4.0 are introduced. Organizational specifics of this concept are outlined.
Conference papers on the topic "Going Concern Assessment"
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Spencer, Kevin, Wilson Santamaria, Jane Dawson, and Hong Lu. "Advanced Engineering Critical Assessments of Seam Weld Features in Pressure Cycled Hazardous Liquid Pipelines." In 2008 7th International Pipeline Conference. ASMEDC, 2008. http://dx.doi.org/10.1115/ipc2008-64312.
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The performance of older ERW pipelines has raised concerns regarding their ability to reliably transport product to market. Low toughness or “dirty” steels combined with time dependent threats such as surface breaking defects, selective corrosion and hook cracks are especially of concern in hazardous liquid pipelines that are inevitably subject to cyclic loading, increasing both the probability and rate of crack growth. The existing methods of evaluating seam weld flaws by hydrostatically testing the pipeline or In-Line Inspection (ILI) with an appropriate technology are well established. Hydrostatic testing, whilst providing a quantified level of safety is often impracticable due to associated costs, logistics and the possibility of multiple failures during the test. ILI technologies have become more sophisticated and as a result can accurately detect and size both critical and sub-critical flaws within the pipeline. However, the vast amounts of data generated can often be daunting for a pipeline operator especially when tool tolerances and future growth are required to be accounted for. For either method, extensive knowledge of the benefits and disadvantages are required to assess which is the more appropriate for a particular pipeline segment. This paper will describe advances in the interpretation of seam weld flaws detected by ILI and how they can be applied to an Integrity Management Plan. Signal processing improvements, validated by in-field verifications have enabled detailed profiles of surface breaking defects at seam welds for ERW pipelines to be determined. Using these profiles along with established fracture and fatigue analysis methods allows for reductions in the unnecessary conservatism previously associated with the assessment of seam weld flaws detected by ILI. Combining these results with other available data, e.g. dig verifications, previous hydrostatic testing records, enables more realistic and better-informed integrity and maintenance planning decisions to be made. A real case study conducted in association with a pipeline operator is detailed in the paper and quantifies the benefits that can be realised by using these advanced assessment techniques, to safely and economically manage their assets going forward.
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Lu, Dongliang, Alex Tomic, and Shahani Kariyawasam. "Assessment of Societal Risks Associated With Large Gas Transmission Pipeline Systems." In 2020 13th International Pipeline Conference. American Society of Mechanical Engineers, 2020. http://dx.doi.org/10.1115/ipc2020-9507.
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Abstract Risk assessment is the process of risk analysis and evaluation. It is a required component of pipeline integrity management programs (IMP) and is generally the first step in most IMPs. For the risk assessment of natural gas pipelines, the primary concern is the safety of population near the pipeline right of way (ROW). TC Energy’s SWRA uses a quantitative risk assessment model that considers the effect of the thermal radiation due to ignited pipeline rupture and evaluate the consequence on the surrounding population. The overall risk is then evaluated using two specific risk criteria: societal risk and individual risk, with the societal risk measuring the overall level of risk to a community or a group of people and the individual risk measuring the level of risk to specific individuals who are present within the pipeline hazard zone. Natural gas pipeline systems often extend hundreds or even thousands of miles. As such, societal risk criteria for pipelines are typically defined based on a given length of pipeline segment, usually in 1 km or 1 mile (1.6 km). To assess the societal risk of actual pipelines, different approaches are taken on how the risk along the length of a pipeline should be aggregated and compared to the criteria. For example, the PD8010-3 standard in the UK recommends the societal risk of a pipeline through a community to be aggregated and then normalized to the unit length to be compared with criteria; whereas the Dutch regulation requires societal risk at the worst location to be used. In the current SWRA, the societal risk along the length of a pipeline going through development areas or communities is aggregated following the recommendation of the UK PD8010-3, where the risk is aggregated and normalized to the pipeline length. Due to the vast scale of the pipeline system, it is impractical to manually review all development along the pipelines for conducting societal risk assessment on a system wide basis. As such, extent of communities and development areas is determined by a computer program using a simple set of rules. It was found to have led to unsatisfying granularity in the societal risk assessment in certain situations, with some interaction lengths being too long and thus failing to identify the more critical section within the interaction length, and certain development lengths being too short and thus not very meaningful from a societal risk perspective. To overcome issues with the current societal risk assessment method in SWRA, an alternative method largely following the direction of the Dutch approach is introduced in this paper. In this alternative approach, the societal risk is evaluated continuously along a pipeline with a predefined a sliding length, and thus variations in the societal risk levels along the entire length of a pipeline, including the locations with the highest societal risk levels, can be identified. Implantation details and computational efficiency were discussed. The results from the alternative method were compared to that from the current method. The sensitivity of the sliding length method to the predefined sliding length was also investigated. The study showed that this alternative method improves the accuracy and granularity of the societal risk assessment in the SWRA, and, although it is relatively computational commanding, with an efficient implementation, is still practical even for very large gas transmission systems.
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Guo, Xiaoxian, Zhen Gao, Jianmin Yang, Torgeir Moan, Haining Lu, Xin Li, and Wenyue Lu. "The Effects of Surface Waves and Submergence on the Performance and Loading of a Tidal Turbine." In ASME 2017 36th International Conference on Ocean, Offshore and Arctic Engineering. American Society of Mechanical Engineers, 2017. http://dx.doi.org/10.1115/omae2017-62233.
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Tidal energy has the advantages of high predictability, high energy density, and limited environmental impacts. As tidal turbines are expected to be used in the most energetic waters where there might be significant waves, the assessment of unsteady hydrodynamic load due to surface waves is of great concern. The objective of this paper is to assess the effects of surface waves and submergence of the turbine on the power performance and loads of a tidal turbine by experimental approach. The experiments on a 1 : 25th model tidal turbine were carried out in a towing tank. A wide range of regular waves with periods from 1.0 s to 3.0 s at model scale were generated. Different submergence conditions were considered to investigate the effects of the presence of free surface. The cases with blade tip partly going out of water were also performed. The regular waves did not have significant influences on average loads and power output in the present experiments, but caused large amplitude of the cyclic variation of the loads. The amplitudes of the cyclic load were proved to be proportional to the incident wave height, and to be sensitive to the wave frequency and submergence of the rotor. As the tidal turbine getting close to free surface, significant waves were induced by the underwater rotating blade. The effects of surface waves and submergence need to be taken into account in design.
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Saji, Genn. "Estimation of Thyroid Doses From Land Contamination Maps for the Fukushima Disaster." In 2012 20th International Conference on Nuclear Engineering and the ASME 2012 Power Conference. American Society of Mechanical Engineers, 2012. http://dx.doi.org/10.1115/icone20-power2012-55048.
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Starting with sketchy information acquired during the still on-going Fukushima Daiichi disaster, the thyroid doses were estimated, based on the detailed and precise Cs-137 land contamination density maps constructed through a joint effort of MEXT and US DOE/NNEA. The basic methodology has already been benchmarked in the assessment of the radiological consequences of the Chernobyl accident [1]. From the release fraction assessment based on the contamination maps as well as on-site meteorological data obtained and reported by TEPCO’s temporary monitoring cars, the heavy land contamination zone stretching to a NW direction was found induced with the hydrogen explosion which occurred in 1F1 at 15:36 of March 12, only one day after the tsunami. Due to this early iodine release, the shorter half-lived I-133 induced an additional 20% more thyroid doses from I-131 through inhalation. The results, as presented in Table 7 and Figure 3, predicted rather large thyroid doses, comparable but less than the author’ previous estimation of thyroid doses through inhalation pathway among the public living near the Chernobyl NPP during the disaster. However, age specific doses are more widely spreading among children aged less than 15 years old and not distinctively large among babies, thanks to early restriction of fresh milk. It should be noted that, above Zone V (300K-1000K/m2 in Cs-137), the estimated thyroid doses with a range of several tens of mGy are already of concern in a possible future outbreak of hypothyroidism. However, if the exposed individuals happened to be staying indoors at the time of plume passage, an order of magnitude of reduction is expected, although the alleviating effects depends on the airtightness of buildings. Even with these uncertainties, the estimated thyroid dose calls for continued health monitoring of those young residents who happened to be staying in these highly contaminated zones at the time of the plume passage.
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Zumpano, Petrônio, Genaro Zanon, Alexandre Galiani Garmbis, Luciano Braga Alkmin, Manfred Ronald Richter, Eduardo Valente Oazen, Paulo Nunez Chaves, and Eduardo Hippert. "Challenges About Testing, Welding and NDT of CRA Pipelines in Brazilian Pre-Salt." In ASME 2012 31st International Conference on Ocean, Offshore and Arctic Engineering. American Society of Mechanical Engineers, 2012. http://dx.doi.org/10.1115/omae2012-83461.
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Some new pre-salt fields at Santos Basin in Brazil are located in water depths as deep as 2200m and about 300 km away from the coast. There is variable level of contaminants in the produced fluid, mainly CO2 that affects the material selection of the infield flowlines and risers. Based on these constraints, Petrobras has selected UNS N06625 clad or lined steel linepipes to develop the first fields in Pre-Salt area and also the module 3 of Roncador a post-salt field in Campos Basin. Several challenges have arisen during design, construction and installation of these facilities related to pipeline welding procedures, NDT inspection and Engineering Critical Assessment (ECA). Firstly weld overmatching condition may not be fully achieved due to differences in mechanical properties between UNS 06625 and API X65, and concern increases when reel-lay installation method is chosen. Another welding issue is the maximum interpass temperature of nickel alloys (DNV and PETROBRAS standards limit that to 100°C) and this impacts pipeline installation productivity. Thirdly, back purging characteristics and number of passes protected with purging gases affects the possibility of root oxidation. Also, the inspection of the weld overlay in the pipe end of lined linepipes is other point of great concern. As defect sizing is mandatory for ECA, lined pipes have been designed with a weld overlay length which allows the inspection of the final girth weld by AUT. However, AUT solutions are normally more efficient in rolled or extruded materials than in weld overlaid ones. Additionally, the ECA methodology for both girth welds and weld overlay has complexities that are not usually addressed in a regular ECA for carbon steel pipelines (e.g. internal misalignment of girth welds in risers has stringent requirements because of its effects on fatigue performance and, consequently, the ECA girth weld criteria). Also CRA clad/lined pipelines and risers qualification program may include additional testing when compared with usual carbon steel welding qualification process (namely pitting and intergranular corrosion, full scale fatigue, spooling trials of lined linepipes, segment testing for ECA, and others). Finally, the contribution of clad/lined layer in pipeline design strength is also discussed. This work presents challenges PETROBRAS has faced at design and construction phases of on-going Guaré and Lula-NE pre-salt fields and Roncador field projects, as well as the solutions proposed by the project team in order to overcome the issues raised during project execution.
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Wang, Bo, and Ping Ge. "Incorporating Environmental, Quality and Economic Considerations Into Early Product Development Stage." In ASME 2004 International Design Engineering Technical Conferences and Computers and Information in Engineering Conference. ASMEDC, 2004. http://dx.doi.org/10.1115/detc2004-57779.
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Environmental impact is becoming an important consideration in product development, such as recycling in electronics industry and air pollution in automobile industry, besides product quality and economic growth. Incorporating the environmental impact consideration into business practice as early as possible can lead to direct impact on both strategic planning in a firm and the final product, which will benefit the firm and its customers. However, many different types of business activities and levels of decision-making involved at the early stage make the simultaneous consideration of environmental impact, quality and cost hard to render. An investigation on the existing research has shown that the activity-based cost/environmental model, in a uniform representation (activity), is useful in relating business activities to the performance measures in terms of cost and environment impact resulting from these activities. In this work, the authors argue about the needs and issues on explicitly integrating quality concern into the existing activity-based cost/environmental model. The expanded model, i.e., Three-View Activity-Based Model, is intended to help construct a clear road map to represent “what is going on?” and facilitate the measure of “how well are we doing?” in a business firm with product development involved. Product quality is treated as a driver as environment and cost for the activities, which enables quantitative performance assessment of the product quality related activities. As a result of introducing the quality driver, the need to differentiate the activities directly related to product development from other activities is identified. This has led to a study on the classification of the activities and their relationship to environmental impact, product quality, and cost objectives along a product development process with life cycle considerations. The three-view activity-based model may make it possible to evaluate the effectiveness of activities against these objectives at early product development stage, and therefore, recommend changes for reshaping a firm’s strategic planning and improving current practice. Since our investigation is still at its preliminary stage, in this paper, we will present our initial results, and address research issues for the future work.
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Campbell, R. H., R. M. Phillips, and C. Allsopp. "Lessons learnt from IEC61508 software assessments." In International Ship Control Systems Symposium. IMarEST, 2018. http://dx.doi.org/10.24868/issn.2631-8741.2018.015.
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With the advances in platform automation and the publication of NAN 06/2018 - Software integrity (previously NAN 02/2016), there has been a drive towards compliance to IEC61508 in the naval domain. Over the last few years Frazer-Nash have conducted a number of Original Equipment Manufacturer (OEM) audits and assessments to determine whether the requirements for safety critical software development in IEC61508 have been followed for a specific system or if a supplier's development processes are in line with the aspects of the standard which focus on software development, namely Part 3 - Software requirements. These audits have revealed some common problems across suppliers and highlighted that IEC61508 requires both organisational safety management processes as well as those specific for a system. As the naval industry looks to adopt the processes outlined in IEC61508 or an equivalent standard, this paper will present some of the lessons learnt from our IEC61508 assessments and offer some advice for new and existing suppliers. The paper will highlight some of the issues going forward as the development of safety critical systems is not a new concept but the specific factors arising in the naval domain from operating in variable environments, changing safe state conditions and ever increasing function complexity, present a key challenge. Included in the paper will be a view on how other industries are tackling IEC61508 compliance and where the strategies that have been adopted may be applicable in the naval domain as well as new tools which could assist with the development of safety critical systems.
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Khaladkar, Pradip. "Current Approaches to Fitness for Service of FRP in Chemical Handling Applications." In ASME 2017 Pressure Vessels and Piping Conference. American Society of Mechanical Engineers, 2017. http://dx.doi.org/10.1115/pvp2017-65698.
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Fiber reinforced Plastics are used extensively and successfully for handling hazardous and corrosive chemicals. Their use stretches back to early 1960s when a series of high performing resins were introduced in the market. Since that time the industry has learned a great deal about the material selection, design, fabrication, repairs and in-service condition assessment and fitness for service as the final objective. The concept of Fitness for Service pioneered by the metals specialist and strongly aided by ASME is driving the same efforts for the use of plastics as well. This paper presents the basic concepts of Fitness for Service for plastics, specifically for composites and presents a couple of case histories which demonstrate its usefulness. It presents a description of on-going joint efforts in the chemical industry and related consortia and concludes with a recommendation for further research.
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Dong, P., and J. K. Hong. "Analysis of Hot Spot Stress and Alternative Structural Stress Methods." In ASME 2003 22nd International Conference on Offshore Mechanics and Arctic Engineering. ASMEDC, 2003. http://dx.doi.org/10.1115/omae2003-37315.
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There is a growing need for robust finite element based fatigue assessment procedures for welded joints in offshore/marine structures. Although widely accepted in tubular structures, the applications of the conventional hot spot stress (HSS) procedures in plate structures have proven to be problematic in some joint types. There are a series of on-going international efforts that are intended to address some of the issues to improve the consistency of the HSS calculation procedures for plate structures. In this regard, alternative structural stress (SS) procedures that share some similarities to conventional HSS methods have been developed. The SS method has been shown to be effective in calculating structural stresses directly at failure locations such as at weld toes with minimum mesh-sensitivity. In this paper, detailed analysis and assessments of the conventional HSS and the alternative SS procedures are presented. Starting with the fundamental definitions of both HSS and SS parameters, the underlying mechanics associated with the two types of the stress analysis methods will be discussed by considering series of typical joint types, particularly on some of the important stress concentration characteristics that separate tubular joints from plate joints. Then, the necessary and sufficient conditions required for a stress definition relevant to fatigue and its calculation procedures will be demonstrated for both methods. Areas of concerns and improvements for both methods will be demonstrated by using a series of selected joint types typical of those in marine/offshore structures. Finally, the corresponding S-N data will be used to demonstrate the relative effectiveness of HSS and SS methods in consolidating the data from drastically different joint types into a single S-N curve.
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Newstead, Stuart, Mick Bacon, and Jim Cochrane. "Developments in UK Regulation of Nuclear Wastes." In ASME 2003 9th International Conference on Radioactive Waste Management and Environmental Remediation. ASMEDC, 2003. http://dx.doi.org/10.1115/icem2003-4707.
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The UK has a significant nuclear legacy arising from Government funded work going back to the 1940s. Government is proposing radical changes to current arrangements to tackle this legacy, clean-up nuclear sites and develop its policy for managing solid radioactive waste. As part of these developments the Nuclear Installations Inspectorate of the Health & Safety Executive, the Scottish Environment Protection Agency and the Environment Agency are putting in place joint working arrangements to improve the regulation of intermediate level radioactive wastes (ILW). The aim is to ensure that ILW is managed in a sustainable way taking into account long-term environmental considerations. These arrangements provide for improved regulatory oversight of (i) proposals from nuclear site licensees to condition ILW, and (ii) the work by Nirex to develop further its phased disposal concept (PDC). The regulators will scrutinise: • ILW conditioning proposals: This involves assessing site waste management plans, waste management options (e.g. BPEO assessments), conceptual designs and functional specifications for waste conditioning plants, detailed designs, construction, commissioning and operation of the plants, and the state of waste packages. • Nirex’s on-going work: This involves examining Nirex’s PDC, its application to ILW conditioning proposals and associated Letters of Comfort/Letters of Advice (LoC/LoA) and the possible future development of an environmental safety case for an eventual repository. A description is given of the regulators’ process associated with these new arrangements.