Open Access. Powered by Scholars. Published by Universities.®
- Keyword
-
- Audit experts (1)
- Audit firms (1)
- Audit manuals (1)
- Auditing standards (1)
- Auditors (1)
-
- Australia (1)
- Balanced scorecard (1)
- Compensation (1)
- Consensus (1)
- Continuous improvement (1)
- Direct field studies (1)
- Evaluation (1)
- Financial restatements (1)
- Independent audit committee member (1)
- Internal control evaluations (1)
- Internal controls (1)
- Multi-perspective (1)
- Organisational performance (1)
- Performance reporting (1)
Articles 1 - 4 of 4
Full-Text Articles in Accounting
Multi-Perspective Performance Reporting, Continuous Improvement And Organisational Performance, Errol Iselin, John Sands, Lokman Mia
Multi-Perspective Performance Reporting, Continuous Improvement And Organisational Performance, Errol Iselin, John Sands, Lokman Mia
Errol Iselin
The use of multi-perspective performance reporting systems (MPRS), such as the balanced scorecard (BSC), has become widespread. The BSC reports performance about four perspectives (learning and growth, internal business processes, customer, and financials). Although these systems are important (Libby et al., 2004), research in the area has only just scratched the surface, hence the motivation for this study. Continuous improvement systems (CIS) are another management accounting innovation. These systems constantly look for ways to improve performance and, if implemented, will be used in conjunction with performance reporting systems. This research studies the effectiveness of CIS in organisations using MPRS. The …
Reputation, Tenure And Compensation Of Independent Audit Committee Members And Financial Restatements, Vineeta Sharma, Errol Iselin
Reputation, Tenure And Compensation Of Independent Audit Committee Members And Financial Restatements, Vineeta Sharma, Errol Iselin
Errol Iselin
We investigate the association between the reputation, tenure and cash compensation of independent audit committee members and the likelihood of financial restatements. We examine these associations for 138 U.S. public firms that announced their restatements from 1 January 2001 to 31 December 2002 and a set of control firms matched on industry and size. We observe a negative association between financial restatements and (i) reputation of independent audit committee members and (ii) the cash compensation paid to independent audit committee members. Our results suggest that independent audit committee members holding multiple directorships have incentives to enhance and protect their reputation …
An Analysis Of Consensus Among Auditors During Internal Control Evaluations – Australian Evidence, Conor O'Leary, Errol Iselin, Divesh Sharma
An Analysis Of Consensus Among Auditors During Internal Control Evaluations – Australian Evidence, Conor O'Leary, Errol Iselin, Divesh Sharma
Errol Iselin
This study evaluates consensus among Australian auditors in performing internal control evaluations. It extends previous international studies by utilising sufficient cues to enable valid assessment, by including all elements of internal control structure concurrently, and by using appropriate subjects. Ninety-four practicing auditors, representing five firms, evaluated two internal control structures using their current firms' evaluation techniques and a structured model. Results yielded predominantly moderate to high levels of consensus, justifying confidence in the audit profession to act in a self-regulatory manner, as current standards and training appear to be achieving inter-professional agreement.
Audit Firm Manuals And Audit Experts’ Approaches To Internal Control Evaluation, Conor O'Leary, Errol Iselin, Divesh Sharma
Audit Firm Manuals And Audit Experts’ Approaches To Internal Control Evaluation, Conor O'Leary, Errol Iselin, Divesh Sharma
Errol Iselin
Internal control evaluation is a crucial component of external auditing. This study uses more direct research techniques than traditional studies, to investigate what practising auditors consider to be good internal control evaluation methods. It then compares these with the current Australian auditing standard (AUS 402). A review of audit methodologies of three of Australia's largest firms, and interviews with five audit experts were conducted. The results demonstrated a shift towards a 'business risk' approach to internal control evaluation. AUS 402 may not always reflect the modern practice, particularly in relation to the significance of individual control elements. The results therefore …