POSSIBILITY OF APPLYING CONTEMPORARY ANALYTICAL METHODS IN AUDITING PROCUREMENTS OF AGRICULTURAL COMPANIES

Authors

DOI:

https://doi.org/10.5937/ekoPolj2101191M

Keywords:

public procurement, performance audit, data mining, agricultural company

Abstract

Despite the significant results that State Audit Institution achieved in the domain of determining regularities of doing business and truthfulness of financial reports of budget users, performance audit was given significantly less attention, which points to the necessity of developing a methodology for this discipline, as well as a technique to apply it. This contribution represents an attempt to apply a technique of finding hidden knowledge-implicit knowledge (Data mining – DM) in the process of auditing public procurement procedures and illustrating the significance of developing a technique for assessing the purposefulness of using budget assets on an example of public procurements performed in an agricultural company.

Downloads

Download data is not yet available.

References

1. Agresti A. (2002). Categorical Data Analysis 2nd ed., Wiley, New York.
2. Arens, A.A., Elder, R.J., & Beasley, M.S. (2014). Auditing and assurance services. Global Edition.
3. Berkhin, P. (2006). A survey of clustering data mining techniques. In Grouping multidimensional data, 25–71. https://doi.org/10.1007/3-540-28349-8_2
4. Bejju A. (2016). Sales Analysis of E-Commerce Websites using Data Mining Techniques. International Journal of Computer Applications, 133(5), 36-40. https://doi.org/10.5120/ijca2016907812
5. Duin, D., Krstić, D., Nešić, B., & Kaluđerović, N. (2017). Revizija svrsishodnosti javnih nabavki budžetskih korisnika. Oditor-časopis za menadžment, finansije i pravo, 3(3), 61-72. [in English: Duin, D., Krstić, D., Nešić, B., & Kaluđerović, N. (2017). Audit of the expediency of public procurement of budget users. OditorJournal of Management, Finance and Law, 3 (3), 61-72.]
6. Eilifsen, A., Messier, W.F., Glover, S.M., & Prawitt, D.F. (2014). Auditing and assurance services (3rd international ed.). London: McGraw-Hill.
7. Engel, E., Fischer, R.D., & Galetovic, A. (2013). The basic public finance of public-private partnerships. Journal of the European Economic Association, 11(1), 83–111. https://doi.org/10.2307/23355049
8. Farooq, O., & Shehata, N. F. (2018). Does external auditing combat corruption? Evidence from private frms. Managerial Auditing Journal, 33(3), 267–287.
9. Grbić, M., & Jovanović, D. (2020). Comparative financial systems: Implications for economic growth. Oditor-časopis za menadžment, finansije i pravo, 6(1), 49- 65. https://doi.org/10.5937/Oditor2001046G
10. Ismail M., Ibrahim M., Sanusi Z., & Cemal Nat N. (2015). Data Mining in Electronic Commerce: Benefts and Challenges. International Journal of Communications, Network and System Sciences, 8(12), 501-509. https://doi.org/10.4236/ijcns.2015.812045
11. Kostić, R. (2020). Revizija ostvarivanja ciljeva budžetskih programa. Održivi razvoj, 2(1), 41-52. https://doi.org/10.5937/OdrRaz2001041K[in English: Kostic, R. (2020). Audit of achieving the goals of budget programs. Sustainable Development, 2 (1), 41-52.].
12. Mićović, S., & Miletić, J. (2019). Poslovni subjekt kao osnova održivosti razvoja. Održivi razvoj, 1(1), 43-51. https://doi.org/10.5937/OdrRaz1901043M[in English: Mićović, S., & Miletić, J. (2019). Business entity as a basis for sustainable development. Sustainable Development, 1 (1), 43-51].
13. Milojević, I., Andžić, R., & Vladisavljević, V. (2018). Accounting aspects of auditing the budget system. Economics of agriculture, 65(1), 337-348. https://doi.org/10.5937/ekoPolj1801337M
14. Milojević, I.M., Obradović, B.V., & Nešić, B. (2018). Nabavka kao predmet revizije. Vojno delo, 70(2), 351-359. https://doi.org/10.5937/vojdelo1802351M [in English: Milojević, IM, Obradović, BV, & Nešić, B. (2018). Procurement as a subject of audit. Military Work, 70 (2), 351-359]
15. Milojević, I., & Mihajlović, M. (2019). Primena metoda ocene investicionih projekata u javnom sektoru. Oditor, 5(1), 19-31. https://doi.org/10.5937/Oditor1901019M [in English: Milojević, I., & Mihajlović, M. (2019). Application of methods for evaluating investment projects in the public sector. Oditor, 5 (1), 19-31]
16. Milojević, I., Mihajlović, M., Popović, M., & Pantić, N. (2020). Application of quantitative models in the organization of the financial function of agricultural enterprises. Economics of agriculture, 67(3), 747-762. https://doi.org/10.5937/ekoPolj2003747M
17. Milojević, I., Mihajlović, M., & Pantić, N. (2020). Collection and documentation of audit evidence. Oditor-časopis za menadžment, fnansije i pravo, 6(2), 77-90. https://doi.org/10.5937/Oditor2002077M
18. Pavlović, N., & Čelić, I. (2020). The analysis of competitive strategies from the perspective of small and medium enterprises. Hotel and Tourism Management, 8(1), 101-110. https://doi.org/10.5937/menhottur2001101P
19. Pešić, H., & Miljković, M. (2020). Održivost budžetskih načela i procedura. Održivi razvoj, 2(2), 15-29. https://doi.org/10.5937/OdrRaz2002015P[in English: Pešić, H., & Miljković, M. (2020). Sustainability of budget principles and procedures. Sustainable Development, 2 (2), 15-29.]
20. Picard, P.M., & Rusli, R.D. (2018). State-owned frms and private debt. J. Public Econ. Theory, 20(5), 672–702 https://doi.org/10.1111/jpet.12297
21. Savić, B., & Milojević, I. (2019). Izazovi i dometi revizije prihoda. Vojno delo, 71(7), 394-403. https://doi.org/10.5937/vojdelo1907394S [in English: Savić, B., & Milojević, I. (2019). Challenges and scope of revenue auditing. Military Work, 71 (7), 394-403.]
22. Stanišić, M., & Stanojević, Lj. (2009). Revizija i primena kompjutera. Cicero print, Čugura, Beograd. [in English: Stanisic, M., & Stanojevic, Lj. (2009). Computer revision and application. Cicero print, Čugura, Belgrade.]
23. Stanojević. Lj., & Vidovič, Z. (2014). Revizija javnog sektora. Poslovni Biro, Beograd. [in English: Stanojevic. Lj., & Vidovič, Z. (2014). Public sector audit. Business Bureau, Belgrade.]
24. Stanojević, S., & Milunović, M. (2020). Okončanje postupka državne revizije. Akcionarstvo, 26(1), 35-48. [in English: Stanojević, S., & Milunović, M. (2020). Completion of the state audit procedure. Shareholding, 26 (1), 35-48.]
25. Vasić Z. (2015). Poreska kontrola uslov funkcionisanja budžetskog sistema. Akcionarstvo, 21(1), 5-22. [in English: Vasić Z. (2015). Tax control is a condition for the functioning of the budget system. Shareholding, 21 (1), 5-22.]
26. Vidovič, Z., & Milunović, M. (2017). Revizija svrsishodnosti poslovanja. Oditor, 3(2), 37-53. [in English: Vidovič, Z., & Milunović, M. (2017). Business purpose audit. Auditor, 3 (2), 37-53]
27. Vujić, M., Sekulić, D., & Cvijanović, D. (2020). The importance of intangible elements in the assessment of service quality in hotels in Kolubara District .Hotel and Tourism Management, 8(2), 43-52. https://doi.org/10.5937/menhottur2002043V
28. Zakon o javnim nabavkama ("Sl. glasnik RS", 91/2019). [in English: Law on Public Procurement ("Offcial Gazette of RS", 91/2019).]
29. Zhenhua, C., Nobuhiko, D., & Jonathan G.L. (2016). Data review of transportation infrastructure public-private partnership: a meta-analysis. Transport Reviews, 36 (2), 228–250. https://doi.org/10.1080/01441647.2015.1076535

Downloads

Published

2021-03-25

How to Cite

Mihajlovic, M., Špiler, M., Avakumović, J., Tasić, S., Vukosavljević, D., & Krstić, S. (2021). POSSIBILITY OF APPLYING CONTEMPORARY ANALYTICAL METHODS IN AUDITING PROCUREMENTS OF AGRICULTURAL COMPANIES. Economics of Agriculture, 68(1), 191–202. https://doi.org/10.5937/ekoPolj2101191M

Issue

Section

Original scientific papers

Most read articles by the same author(s)

1 2 3 > >>