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Full-Text Articles in Business
Aicpa Adopts Changes To Auditor’S Report, Ashley Bentley
Aicpa Adopts Changes To Auditor’S Report, Ashley Bentley
ETSU Faculty Works
Throughout 2019 and 2020, the AICPA’s Auditing Standards Board (ASB) issued a collection of seven new auditing standards. Due to the coronavirus pandemic, the original effective date of the guidance was deferred. All seven standards went into effect in 2021. The new requirements build on the AICPA’s continuous effort to improve audit quality and promote audit consistency between public and private companies. Many of the provisions of the new standards are closely aligned with previously issued standards by the PCAOB and IAASB. Statement on Auditing Standards (SASs) Nos. 134-140 impact several aspects of the audit, including the concept of materiality, …
An Examination Of The Impact Of Alternative Accounting Procedures On Risk-Taking Behavior: A Test Of Prospect Theory, Morris H. Stocks, Martha M. Pointer
An Examination Of The Impact Of Alternative Accounting Procedures On Risk-Taking Behavior: A Test Of Prospect Theory, Morris H. Stocks, Martha M. Pointer
ETSU Faculty Works
Many business decisions which use accounting information are made under conditions of uncertainty and are biased, in part, on relative gains and losses. Therefore, accounting settings appear to be a particularily appropriate setting to test the predictions of prospect theory. To date, little accounting research has been conducted which has used prospect theory as its theoretical foundation. Using a discount period decision under risk, practicing accountants were asked to indicated he likelihood of making an inventory payment. The results of the study provide limited support fo prospect theory propositions. It also is interesting that the perceptions of and ethical conflict …