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Keywords: fair valueClose
AUDITING: A Journal of Practice & Theory (2023) 42 (2): 133–161.
Published: 01 May 2023
...Emily E. Griffith; Jacqueline S. Hammersley SUMMARY The PCAOB recently implemented amended standards on the use of valuation specialists. We report interviews with 42 auditors and valuation specialists in which we describe the role of valuation specialists and problems during fair value audits...
Jeffrey R. Cohen, Lisa Milici Gaynor, Norma R. Montague, Carolina Alves de Lima Salge, Julie H. Wayne
AUDITING: A Journal of Practice & Theory (2022) 41 (4): 85–105.
Published: 01 November 2022
...Jeffrey R. Cohen; Lisa Milici Gaynor; Norma R. Montague; Carolina Alves de Lima Salge; Julie H. Wayne SUMMARY Regulators are concerned that auditors are insufficiently skeptical in evaluating fair value estimates ( PCAOB 2020 ). We employ Nolder and Kadous's (2018) professional skepticism model...
AUDITING: A Journal of Practice & Theory (2012) 31 (1): 127–146.
Published: 01 February 2012
... and income statement, the content in the auditor's report, and the level and nature of assurance provided on estimates. We examine estimates reported by public companies and find that fair value and other estimates based on management's subjective models and inputs contain estimation uncertainty...