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Is A Pension Fund's Mix Of Fair Value Investments, Audit Type, And Audit Quality Associated With The Firm's Credit Rating?, Trevor England
Is A Pension Fund's Mix Of Fair Value Investments, Audit Type, And Audit Quality Associated With The Firm's Credit Rating?, Trevor England
Doctor of Business Administration Dissertations
There has been a proliferation of alternative investment holdings by defined benefit pension plans during the 21st century. While holdings of alternative investments may advantage pension plans and their sponsoring firms through diversification and/or less volatile returns, they may also present valuation problems because underlying investments in opaquely valued (or marked-to-model) securities contain larger estimation error and uncertainty. Such valuation problems may concern credit reporting agencies because the sponsoring firm’s pension plan liability is uncertain. This problem is exacerbated through agency relationships within pension plans that enable executives and investment managers to engage in opportunistic financial reporting of fair …
Data Analytics In An Audit: Examining Fraud Risk And Audit Quality, Sondra Smith
Data Analytics In An Audit: Examining Fraud Risk And Audit Quality, Sondra Smith
Doctor of Business Administration Dissertations
ABSTRACT
DATA ANALYTICS IN AN AUDIT: EXAMINING FRAUD RISK AND
AUDIT QUALITY
by
Sondra Smith
This study is comprised of two papers which examine, through interviews and an experiment, the current practices of data analytics of CPA firms, whether and how fraud risk impacts the usage of data analytics in an audit, and the effect data analytics has on the efficiency and effectiveness of an audit. The implementation of data analytics in an audit is relatively new, and there is not a good understanding of how it is currently being used in practice. Although historically the auditing profession has been …