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Articles 1 - 21 of 21
Full-Text Articles in Business
Demand For And Assessment Of Audit Quality In The Market For Private Capital: A Field Study, Shyam Sunder, Adam Esplin, Karim Jamal
Demand For And Assessment Of Audit Quality In The Market For Private Capital: A Field Study, Shyam Sunder, Adam Esplin, Karim Jamal
Shyam Sunder
No abstract provided.
Audit Committee Effectiveness: A Synthesis Of The Empirical Audit Committee Literature, F. Todd Dezoort, Dana R. Hermanson, Deborah S. Archambeault, Scott A. Reed
Audit Committee Effectiveness: A Synthesis Of The Empirical Audit Committee Literature, F. Todd Dezoort, Dana R. Hermanson, Deborah S. Archambeault, Scott A. Reed
Deborah Archambeault
The article describes the factors that contribute to audit committee effectiveness. An effective audit committee has qualified members with the authority and resources to protect stakeholder interests by ensuring reliable financial reporting, internal controls, and risk management through its diligent oversight efforts. The determinants of audit committee effectiveness includes the audit committee composition, authority, resources and diligence. The major U.S. stock exchanges require that audit committees be composed of at least three independent, financially literate directors. Team issues also are relevant when considering audit committee composition. The audit committee derives its authority from the full board of directors, federal law …
The Service-Quality Audit: A Hotel Case Study, James Y. Luchars, Timothy R. Hinkin
The Service-Quality Audit: A Hotel Case Study, James Y. Luchars, Timothy R. Hinkin
Timothy R. Hinkin
A service audit that quantifies the cost of everyday errors can help a hotel manager pinpoint which quality problems to address first.
Evidence On The Audit Risk Model: Do Auditors Increase Audit Fees In The Presence Of Internal Control Deficiencies?, Chris Hogan, Michael Wilkins
Evidence On The Audit Risk Model: Do Auditors Increase Audit Fees In The Presence Of Internal Control Deficiencies?, Chris Hogan, Michael Wilkins
Michael S Wilkins
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.
Auditor Perceptions Of Audit Workloads, Audit Quality, And The Auditing Profession, Julie Persellin, Jaime Schmidt, Michael Wilkins
Auditor Perceptions Of Audit Workloads, Audit Quality, And The Auditing Profession, Julie Persellin, Jaime Schmidt, Michael Wilkins
Michael S Wilkins
In this study, we use a survey instrument to obtain perspectives from over 700 auditors about present-day audit workloads, the relationship between audit workloads and audit quality, and auditing as a career. 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. We find that auditors perceive workload fatigue as having the largest negative impact on morale, and understaffing and staff turnover as being two of the biggest impediments to delivering a …
Interviewing The Client, Michael D. Akers, Robert Yahr
Interviewing The Client, Michael D. Akers, Robert Yahr
Michael D. Akers
This paper examines an assignment where students taking either an introductory auditing students or an accounting communications course interview a client to gain an understanding of internal control and the interview process. Students document the results of the interview in a memorandum. The paper provides detailed information regarding the design and implementation of a portion of the internal control system. The three main objectives of the assignment are 1) to provide students with the opportunity to demonstrate, develop, and enhance their communication skills; 2) to convey a realistic picture of the accounting environment; and 3) to familiarize students with a …
Budgeting, Auditing And Governance: Implementing The Accountability Framework, Professor Ben C Osisioma
Budgeting, Auditing And Governance: Implementing The Accountability Framework, Professor Ben C Osisioma
Prof Ben Chuka Osisioma
Good public governance involves the management of public resources in a manner that guarantees sustainable development in an atmosphere of due process and rule of law, free from wastage and corruption. The goal is to guarantee a people’s right to health, adequate housing, sufficient food and fibre provision, quality education, fair justice and personal security. Good governance is rooted in quality institutions, informed and adequately motivated citizenry, and structures and processes that endure. The budget and audit tools are critical to the process, and within the requirements of accountability framework can bring the so-called dividends of democracy to citizens. In …
Performance Auditing: The Jurisdiction Of The Australian Auditor General - De Jure Or De Facto? A Comment, John Glynn
Performance Auditing: The Jurisdiction Of The Australian Auditor General - De Jure Or De Facto? A Comment, John Glynn
John J Glynn
As Parker and Guthrie (1991) state, the question of the Australian Auditor- General’s performance audit mandate has become an issue of much debate over the last two decades.
The initial development of performance auditing by the Australian Audit Office (AAO) can be traced back to the early 1970s. In part this was due to the application of existing powers provided by Section 54 of the Audit Act 1901. These investigations were termed by the AAO ‘project audits’. Amendments to the Act, in 1979, additionally permitted the AAO to undertake efficiency audits in addition to fiscal regularity audits. The problem, since …
Performance Auditing And Performance Improvement In Government: Public Sector Management Reform, Changing Accountabilities And The Role Of Performance Audit, John Glynn
John J Glynn
Public expenditure crises of the 1970s and 1980s led many governments to: - firstly, enforce stricter financial climates that included the use of cash limits and cash planning to motivate public servants towards greater economy and efficiency; and - secondly, to introduce a series of other reforms that gave pre-eminence to what has become colloquially termed the “new public management” (NPM). Key to many of these reforms was the belief that NPM would lead to more publicly accountable management and that limited resources would not only be used more efficiently but also more effectively in terms of intended policy objectives. …
Value For Money Auditing - An International Review And Comparison, J Glynn
Value For Money Auditing - An International Review And Comparison, J Glynn
John J Glynn
Value for money (VFM) auditing is not new, in many ways the United Kingdom is now only embarking explicitly upon a path that other countries have already followed. This paper reivews developments in six countries. The first country reviewed is the United Kingdom where two recent pieces of legislation have been introduced which have given statutory recognition to VFM auditing. In only a few years important moves have been made with respect to two important aspects of value for money: economy and efficiency. However, the third and most important element, that of effectiveness, appears so far to be only of …
The Development Of Performance Auditing In Australia, John Glynn
The Development Of Performance Auditing In Australia, John Glynn
John J Glynn
No abstract provided.
Accounting Fraud At Cit Computer Leasing Group, Inc., Jeffrey Michelman
Accounting Fraud At Cit Computer Leasing Group, Inc., Jeffrey Michelman
Jeffrey E Michelman
The case chronicles a newly promoted manager's search to uncover an inventory fraud that had been perpetrated by her supervisor at CIT, a publicly held company. During the ensuing investigation, CIT and the Florida Department of Law Enforcement identified 36 different transactions involving the diversion of nearly 2,500 computers, with a conservative estimated total loss to the company of $637,000. Students are also exposed to the importance of internal controls, red flags, the fraud triangle, and forensic accounting techniques. The case also lets the reader see what occurs when, due to management override of internal control, a subordinate no longer …
La Riforma Del Controllo Contabile Delle Societa’ In Italia: “Schede Di Lettura” Del Decreto Legislativo 39/2010 In Tema Di Svolgimento Della Revisione Legale Dei Conti, Claudio Sottoriva
La Riforma Del Controllo Contabile Delle Societa’ In Italia: “Schede Di Lettura” Del Decreto Legislativo 39/2010 In Tema Di Svolgimento Della Revisione Legale Dei Conti, Claudio Sottoriva
Claudio Sottoriva
Il contributo offre una prima lettura delle novità apportate dal Decreto Legislativo n. 39/2010 attuativo della Direttiva 2006/43/CE, relativa alle revisioni legali dei conti annuali e dei conti consolidati. La disciplina dello svolgimento della attività di revisione legale dei conti trova quindi ora riferimenti normativi nelle norme del Codice Civile e in alcune norme speciali (principalmente nel T.U.F.) nonché per quanto non diversamente disciplinato nel Decreto 39/2010. La disciplina è destinata a trovare completamento con l'emanazione di specifici regolamenti attuativi del Decreto da parte del Ministero dell'Economia e delle finanze nonché da altre Autorità (Consob, Banca d'Italia, etc.). L'analisi consente …
Psychological Characteristics Contributing To Expertise In Audit Judgement, Pamela Kent, Lois Munro, Tony Gambling
Psychological Characteristics Contributing To Expertise In Audit Judgement, Pamela Kent, Lois Munro, Tony Gambling
Pamela Kent
Prior research has sought a better understanding of the relation between audit expertise and judgment of auditors. The motivation for this study is derived from the need to further understand psychological characteristics contributing to audit expertise. This paper adopts part of a framework derived from the decision-making literature in psychology and applies it to auditing. Shanteau proposes that expert decision makers inherently possess 14 psychological characteristics. The importance of these characteristics is assessed using the perceptions of 55 practising auditors from three national accounting firms in Australia within and across four phases of the audit using a survey instrument. The …
Quality Assurance In Auditing: A Recent Development In Professional Practice, Joseph Femi Adebisi Phd
Quality Assurance In Auditing: A Recent Development In Professional Practice, Joseph Femi Adebisi Phd
Joseph Femi Adebisi PhD
No abstract provided.
Auditing Investigation And Assurance Services, Joseph Femi Adebisi Phd
Auditing Investigation And Assurance Services, Joseph Femi Adebisi Phd
Joseph Femi Adebisi PhD
No abstract provided.
Accounting And Governance In Kautilya’S Arthaśāstra1, Shyam Sunder, Manjula Shyam
Accounting And Governance In Kautilya’S Arthaśāstra1, Shyam Sunder, Manjula Shyam
Shyam Sunder
Norms, Standards, And Failures In Accounting And Auditing: Rethinking Practice, Research, And Education, Shyam Sunder
Norms, Standards, And Failures In Accounting And Auditing: Rethinking Practice, Research, And Education, Shyam Sunder
Shyam Sunder
No abstract provided.
Auditing And Competition: The Policy Dilemma, Shyam Sunder
Auditing And Competition: The Policy Dilemma, Shyam Sunder
Shyam Sunder
No abstract provided.
The Efficacy Of Auditors' Going-Concern Opinions Compared With A Temporal And An Atemporal Bankruptcy Risk Model: Analysing Us Trade And Service Industry Failures 1974-1988, Carolyn Windsor, P Cybinski
The Efficacy Of Auditors' Going-Concern Opinions Compared With A Temporal And An Atemporal Bankruptcy Risk Model: Analysing Us Trade And Service Industry Failures 1974-1988, Carolyn Windsor, P Cybinski
Carolyn Windsor
Conflicting results have emerged from several past studies as to whether bankruptcy prediction models are able to forecast corporate failure more accurately than auditors’ going-concern opinions. Nevertheless, the last decade has seen improved modelling of the path-to-failure of financially distressed firms over earlier static models of bankruptcy. In the light of the current crisis facing the auditing profession, this study evaluates the efficacy of auditors’ going-concern opinions in comparison to two bankruptcy prediction models. Bankrupt firms in the U.S. service and trade industry sectors were used to compare model predictions against the auditors’ going-concern opinion for two years prior to …
Rethinking The Structure Of Accounting And Auditing, Shyam Sunder
Rethinking The Structure Of Accounting And Auditing, Shyam Sunder
Shyam Sunder
No abstract provided.