... negligent. However, jurors do not perceive a difference in the level of assurance provided when auditors use ADAs versus sampling testing methods. 1 5 2019 1 5 2021 2022 auditor liability audit data analytics audit quality internal controls We are grateful to Christine E...

...Jeffrey R. Cohen; Jennifer R. Joe; Jay C. Thibodeau; Gregory M. Trompeter SUMMARY Internal control over financial reporting (ICFR) audits have been the subject of intensive examination by the Public Company Accounting Oversight Board (PCAOB) and researchers but the process through which auditors...

... August 2017 © 2018 American Accounting Association. All rights reserved. 2018 director elections audit committee financial expertise internal controls restatements The primary objective of corporate boards is to represent shareholders through monitoring and advising top...

...Cristina Bailey; Denton L. Collins; Lawrence J. Abbott SUMMARY Prior research examining enterprise risk management (ERM) focuses mainly on entity-level measures, relying heavily on the link between ERM and internal controls. We argue that auditors leverage the client's ERM system...

... accruals and are less likely to have financial restatements and material internal control weaknesses. Further results show that larger social networks are associated with higher audit quality, which translates into higher audit fees. The results are robust to a variety of alternative specifications...

... Association. All rights reserved. 2018 auditing assurance material weakness remediation internal controls PCAOB AS4 standard setting value of an audit demand and supply of auditing TABLE 2 Analysis of Emotional Tone of AS4 Comment Letters to the PCAOB Results from our tone...

... internal control regimes when greater resources are exerted during the engagement. Supporting this prediction, we find that the benefits of 404(b) versus other regimes (including SOX 404(a)) in reducing misstatements increase with incremental audit effort (proxied by abnormal audit fees). We find...

...Stephen K. Asare; Brian C. Fitzgerald; Lynford E. Graham; Jennifer R. Joe; Eric M. Negangard; Christopher J. Wolfe SUMMARY We synthesize the literature on auditors' evaluation of, and reporting on, internal control over financial reporting (ICOFR), as required by the Sarbanes-Oxley Act...