...Angel Rafael Otero; Michael Agu SUMMARY The purpose of this paper is to convey the authors’ perspective regarding the overall use of ChatGPT, a generative artificial intelligence tool, in financial audits. ChatGPT can provide audit efficiencies in data processing, continuous learning, predictive...

...Gina Xu; Cherrie Yang SUMMARY Professional skepticism is a fundamental yet complex aspect of auditing. To understand how auditors exercise skepticism in practice, Xu, Yang, and Fukofuka (2023) conducted qualitative research based on stories provided by auditors. The study identified...

... of Business, Center for Accounting Education, Washington, DC, USA; Tracey Walker, RSM, McLean, VA, USA; Ken Bouyer, EY, New York, NY, USA. Editor's note: Accepted by Denise Dickins. 1 1 2021 1 5 2021 2022 diversity public accounting collaboration auditing Black...

..., through the lens of internal controls and external auditing. Examining the case information, SEC filings, and auditing guidance, students will gain an understanding of internal control issues related to BEC and critically think of ways to remediate or implement controls to reduce cybersecurity risk...

... factors auditors consider when auditing complex estimates: type of specialist to engage and relative estimate aggressiveness. In an experiment involving an alleged audit failure, jurors were less likely to find auditors negligent when the auditors consulted with a valuation specialist, but only when...

... introduce two types (i.e., permissionless and permissioned) of blockchain and lay out their technological features. We further discuss implications of blockchain to auditing and elaborate on opportunities and challenges of the two types of blockchain to auditors. We conclude by making specific...

...David C. Hay SUMMARY Audit fees are related to important ethical issues for auditors. There has been increasing research on audit fees recently, including research on potential ethical risks regarding audit fees, which helps to illuminate some of these professional issues. The International Ethics...

... of gambling activity undertaken by an individual income tax client who is employed as the executive director of the local branch of a national charitable organization. The local branch also happens to be an audit client of the CPA. Through the case, students/professionals gain an understanding...

...Dana R. Hermanson; Richard W. Houston; Chad M. Stefaniak; Anne M. Wilkins SUMMARY This study examines the work environment in the audit division of large public accounting firms. Based on 18 semi-structured interviews (eight partners and ten staff auditors currently or recently employed by large...

... confirmed multiple differences between haphazard samples and random samples, and suggest that haphazard sampling may not be a reliable substitute for random sampling. In the absence of effective remediation procedures, continued use of haphazard sampling may expose auditors to additional audit, legal...

...Jean C. Bedard; Steve G. Sutton; Vicky Arnold; Jillian R. Phillips SUMMARY The “expectations gap” refers to differences in views of auditors and users regarding the extent of assurance obtained from auditing procedures. One aspect of the expectations gap considered by prior research is whether...