Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Business
Bankers’ And Investors’ Perceptions Of The Auditor’S Role In Financial Statement Reporting: The Impact Of Sas No. 58, Anne Kelly
Anne Kelly
This paper describes the results of a study which examined the impact of the new SAS No. 58 auditor's report on users' perceptions regarding the message being conveyed by this report. One hundred financial statement users, 50 bankers and 50 investors, participated in this study. The purpose was to test the hypotheses that the wording revisions would increase understandability and have no effect on the level of responsibility assumed by auditors. The results indicate that understandability was significantly increased regarding the purposes of the audit and the responsibility of management for the financial statements. The wording changes did not alter …