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Auditor Perceptions Of Audit Workloads, Audit Quality, And Job Satisfaction, Julie Persellin, J. Schmidt, S. D. Vandervelde, Michael S. Wilkins
Auditor Perceptions Of Audit Workloads, Audit Quality, And Job Satisfaction, Julie Persellin, J. Schmidt, S. D. Vandervelde, Michael S. Wilkins
School of Business Faculty Research
In this study, we use a survey instrument to obtain perspectives from over 700 auditors about present-day audit workloads and the relationship between audit workloads, audit quality, and job satisfaction. Our findings indicate that auditors are working, on average, five hours per week above the threshold at which they believe audit quality begins to deteriorate and often 20 hours above this threshold at the peak of busy season. Survey respondents perceive deadlines and staffing shortages as two of the primary reasons for high workloads and further believe that high workloads result in decreased audit quality via compromised audit procedures (including …
Evidence On The Audit Risk Model: Do Auditors Increase Audit Fees In The Presence Of Internal Control Deficiencies?, Chris E. Hogan, Michael S. Wilkins
Evidence On The Audit Risk Model: Do Auditors Increase Audit Fees In The Presence Of Internal Control Deficiencies?, Chris E. Hogan, Michael S. Wilkins
School of Business Faculty Research
The article discusses the study of determining whether audit risk model is descriptive of what occurs in the auditing practice or if the relationship between fees and internal control deficiencies (ICDs) suggest that audit enterprises exert more effort in auditing firms that impart ICDs. The study examines the internal controls over financial reporting (ICOFR), generally accepted accounting principles (GAAP), audit risk model, audit fees and sections of Sarbanes-Oxley Act. The study found out that audit fees are significantly higher for firms disclosing material weakness.