... (1997) , we conducted an experiment where auditors and investors evaluate management's loss disclosures. We manipulate the probability of loss at three levels and the uncertainty about the ambiguity at two levels. Our results show that both auditors and investors appear to be aggressive toward financial...

...Theodore J. Mock; Hironori Fukukawa ABSTRACT This experimental study replicates, using U.S. audit practionioners, Fukukawa and Mock (2011) , who investigated the effects of probability-based versus belief-based risk assessments and positive versus negative assertions on auditor judgments. Most...