Author: Grant E. GayPublisher:
ISBN: 9780646107264
Category : Auditing
Languages : en
Pages : 16
Book Description
An Empirical Analysis of the ED39 Longform Audit Report on Users' Perceptions of the Auditors Role in Financial Reporting
Author: Grant E. GayPublisher:
ISBN: 9780646107264
Category : Auditing
Languages : en
Pages : 16
Book Description
An Empirical Analysis of the ED39 Longform Audit Report on Users' Perceptions of the Auditor's Role in Financial Reporting
Author: Grant E. GayPublisher:
ISBN:
Category : Auditing
Languages : en
Pages : 16
Book Description
Australian National Bibliography: 1992
Author: National Library of AustraliaPublisher: National Library Australia
ISBN:
Category : Australia
Languages : en
Pages : 1976
Book Description
A Note on Pre-Sarbanes-Oxley Act Users' and Auditors' Perceptions of a Limitations Paragraph in the Auditor's Internal Control Report
Author: Benjamin P. FosterPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
The auditor's internal control report format prescribed by the Auditing Standards Board (ASB) and the Public Company Accounting Oversight Board (PCAOB) includes a limitations paragraph. This study examines the impact of a limitations paragraph on users' and auditors' perceptions about readability of the report, reliability provided by the report over financial reporting, and the auditors' exposure to liability. The study uses data obtained from a field experiment conducted (with 122 audit partners and managers, and 123 professionals from the financial community) in 1991 in connection with auditors' internal control reporting. This data set should provide input for regulators to evaluate the PCAOB prescribed internal control report format, because many of the expectations gap issues experienced in the 1970s and 1980s parallel those currently faced. Analyses indicate that the limitations paragraph may be perceived by users as providing less than a reasonable degree of assurance, and that the internal control report format without the limitations paragraph (structured along the lines of the SAS 58 auditors' standard report) would significantly enhance users' perceptions about the report's readability, without increasing the liability as perceived by auditors. Policy-making bodies may find the results and approach taken in this study useful to evaluate report formats for assurance services that will strike a balance between user needs and auditors' exposure to liability.
The Effects of Auditor Disclosures Regarding Management Estimates on Financial Statement Users' Perceptions and Investments
Author: Marcus DoxeyPublisher:
ISBN:
Category :
Languages : en
Pages : 56
Book Description
Regulators worldwide have recently proposed expanding the auditor's report in a number of ways, with investors showing particular interest in additional information surrounding management estimates. This study uses an experiment to examine the effects of auditor-provided estimate disclosures on financial statement users' perceptions of auditor independence, management credibility, reporting quality, and investment decisions. I manipulate auditor agreement with management's estimates and whether the estimates are incentive-consistent for management. I find that estimate disclosures are value-relevant for users' investment decisions. Additionally, given an unqualified opinion, users view auditors as more (less) independent when auditors agree (disagree) with management and management as less (more) credible when estimates are incentive consistent (inconsistent). In turn, independence and credibility perceptions influence perceived misstatement probability, financial reporting quality, and investment. The findings empirically support investors' arguments that auditor disclosures regarding management estimates increase the transparency and value-relevance of the audit report.
The Perceived Message in the Audit Report - An Experimental Exploration
Author: Rachel F. BaskervillePublisher:
ISBN:
Category :
Languages : en
Pages : 15
Book Description
This paper reports on the findings of a series of experiments which investigated the perceived message in four different audit reports. The study involved 252 participants, 125 in New Zealand and 127 in the United Kingdom. In a between-groups design, the participants were allocated to four experimental conditions, each containing a variation of the audit report (from short-form to long-form). Under each experimental condition, participants were asked to express an opinion on the audit report and on the related financial statements. The research findings indicate that the content of the audit report does not have a significant influence on the message perceived by the reasonably knowledgeable users of financial statements with regard to the nature of the audit, the respective roles of the auditor and the directors and the risk of investing in the reporting entity. However, those who do not read or only occasionally read financial statements are less inclined to agree that the auditor 'guarantees' the accuracy of the financial statements and the going concern of the reporting entity than those who read financial statements more regularly.
An Empirical Investigation Concerning the Perceptions of Auditors Independence by German Auditors and Two Groups of Users of Audited Financial Statements
Author: Hans J. DykxhoornPublisher:
ISBN:
Category : Accountants
Languages : en
Pages : 564
Book Description
Determinants of an audit report lag. A meta-analysis
Author: Philipp WierzchowskiPublisher: GRIN Verlag
ISBN: 3346507475
Category : Business & Economics
Languages : en
Pages : 28
Book Description
Seminar paper from the year 2020 in the subject Business economics - Information Management, grade: 2,0, University of Bremen, language: English, abstract: This paper shows with the help of a meta-analysis the existence of the determinants of an audit report lag. Moreover this article calculates the relevance of these determinants with the help of Z-scores. The justification of this paper is to get a greater extent of knowledge through a meta-analytic literature review of the determinants of audit report lags. An audit report lag is the number of days from a company’s fiscal year-end to the date of its auditor’s report. Due to the great development of the globalization and economy, this world has more economical data and is more complicated in an economical context than before. Proof for this statement is the subprime crisis 2007, where Asset-Backed Commercial Papers had a complicated transformation. In addition to this the accounting has issues with too much information and complicated financial products. At first accounting has problems with disclosure of information in the financial statement. Secondly Big Data challenges accounting and finally audit report lags are larger after a new standard is set by the standard-setter or a company has a poor performance in this particular fiscal year. In addition to this last problem, there are a lot of more determinants for an audit report lag than these two. Accordingly this audit report lag is a problem for accounting.
Author: İrem Nuhoğlu
Author: Marlene S. Donahue