Audit Firm Tenure Non Audit Services And Internal Assessments Of Audit Quality

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Audit Firm Tenure, Non-Audit Services, and Internal Assessments of Audit Quality

Author : Timothy B. Bell
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Audit Firm Tenure, Non-Audit Services, and Internal Assessments of Audit Quality by : Timothy B. Bell

Download or read book Audit Firm Tenure, Non-Audit Services, and Internal Assessments of Audit Quality written by Timothy B. Bell and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We use data from internal assessments of audit quality in a Big 4 firm to investigate the impact of audit firm tenure and auditor-provided non-audit services (NAS) on audit quality. We find that first-year audits receive lower assessments of audit quality and that quality improves shortly thereafter and then declines as tenure becomes very long. Partitioning our sample between SEC registrants and private clients, we find that the decline in audit quality in the long tenure range is attributable to audits of private clients. For audits of SEC registrants, the probability of a high quality audit reaches its maximum with very long tenure. We also find that audit fees are discounted for first-year audits but auditor effort is higher than in subsequent years. We find no association, on average, between total NAS fees and audit quality in the full sample but observe that total NAS fees are positively associated with quality for SEC registrants and negatively associated with quality for privately held clients. Our findings are important for regulatory policies related to audit firm tenure and auditor-provided NAS.

Audit Services, Non-audit Services, and Audit Firm Tenure

Author : Patrick Krauß
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Audit Services, Non-audit Services, and Audit Firm Tenure by : Patrick Krauß

Download or read book Audit Services, Non-audit Services, and Audit Firm Tenure written by Patrick Krauß and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Audit Firm Tenure and Audit Quality

Author : Li Zheng Brooks
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (131 download)

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Book Synopsis Audit Firm Tenure and Audit Quality by : Li Zheng Brooks

Download or read book Audit Firm Tenure and Audit Quality written by Li Zheng Brooks and published by . This book was released on 2013 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: We propose that audit quality is likely to increase in the earlier years due to a Learning Effect and in later years it decreases due to a Bonding Effect. Adopting a quadratic model, we find that the average turning point is between 12 to 16 years for a large sample of U.S. firms. With an average tenure of 9 years in our sample, these findings imply that mandatory auditor firm rotation may not be necessary. Further, we find that the turning point varies by auditor - it is longer for non-Big N auditors, non-specialist auditors, and auditors with high client importance, and the deterioration of audit quality exists in low litigation industries only, consistent with the Bonding Effect explanation. Moreover, we find the turning point gets longer in the post-SOX period. Our results have implications for the current debate on mandatory audit firm rotation.

The Routledge Companion to Auditing

Author : David Hay
Publisher : Routledge
ISBN 13 : 1136210350
Total Pages : 387 pages
Book Rating : 4.1/5 (362 download)

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Book Synopsis The Routledge Companion to Auditing by : David Hay

Download or read book The Routledge Companion to Auditing written by David Hay and published by Routledge. This book was released on 2014-09-15 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: Auditing has been a subject of some controversy, and there have been repeated attempts at reforming its practice globally. This comprehensive companion surveys the state of the discipline, including emerging and cutting-edge trends. It covers the most important and controversial issues, including auditing ethics, auditor independence, social and environmental accounting as well as the future of the field. This handbook is vital reading for legislators, regulators, professionals, commentators, students and researchers involved with auditing and accounting. The collection will also prove an ideal starting place for researchers from other fields looking to break into this vital subject.

Differences Across Audit Firm Types in Assessments of Non-profit Organizations' Federal Compliance

Author : Stefanie Lara Tate
Publisher :
ISBN 13 :
Total Pages : 154 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Differences Across Audit Firm Types in Assessments of Non-profit Organizations' Federal Compliance by : Stefanie Lara Tate

Download or read book Differences Across Audit Firm Types in Assessments of Non-profit Organizations' Federal Compliance written by Stefanie Lara Tate and published by . This book was released on 2001 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Integrated Reporting and Audit Quality

Author : Chiara Demartini
Publisher : Springer
ISBN 13 : 3319488260
Total Pages : 136 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Integrated Reporting and Audit Quality by : Chiara Demartini

Download or read book Integrated Reporting and Audit Quality written by Chiara Demartini and published by Springer. This book was released on 2017-04-13 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the relationship between integrated reporting and audit quality within the European context, presenting empirical evidence and drawing on a broad review of the available literature in order to evaluate the ability of integrated reporting to enhance audit risk assessment. Dedicated sections first elucidate the concepts of integrated reporting and audit quality. The main integrated reporting frameworks are compared, the role of integrated reporting within a firm’s disclosure is examined, and all aspects of audit risk are discussed. The key question of the impacts of integrated reporting on the components of audit risk is then addressed in detail, with reference to empirical findings, their practical implications, and their limitations. The concluding section explores the future of corporate reporting and the development of the next integrated reporting framework and summarizes the insights that the analysis in the book offers into the relationship between integrated reporting and audit quality in the European setting.

How Does Joint Provision of Audit and Non-audit Services Affect Audit Quality and Independence?

Author : David Gwilliam
Publisher :
ISBN 13 : 9781783631568
Total Pages : pages
Book Rating : 4.6/5 (315 download)

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Book Synopsis How Does Joint Provision of Audit and Non-audit Services Affect Audit Quality and Independence? by : David Gwilliam

Download or read book How Does Joint Provision of Audit and Non-audit Services Affect Audit Quality and Independence? written by David Gwilliam and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Emerging And Evolving Business And Management Issues In Vietnam: Research And Practice

Author : Hoai Trong Nguyen
Publisher : World Scientific
ISBN 13 : 9811286116
Total Pages : 461 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Emerging And Evolving Business And Management Issues In Vietnam: Research And Practice by : Hoai Trong Nguyen

Download or read book Emerging And Evolving Business And Management Issues In Vietnam: Research And Practice written by Hoai Trong Nguyen and published by World Scientific. This book was released on 2024-06-21 with total page 461 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research has shown that the pandemic has had a profound impact on the dimensions of environmental uncertainty. With the advent of technology, marketing and advertising have undergone constant development and refinement in order to adapt to the growing needs of buyers and investors alike. This book aims to provide a comprehensive review of strategic management and cultural intelligence, in relation to the measurement of financial information quality in recent times. It illustrates how marketing and advertising have changed from conventional to digital marketing, discussing the latest technological features, in addition to the variety of benefits that existing and emerging immersive technologies can bring to retailers and consumers.The study of the transformation of a market-oriented economy is crucial to a successful transition, along with the advancements in exchange efficiency and effectiveness. The book also covers cultural intelligence and financial literacy among in terms of spending, saving, borrowing, and investment in Vietnam.

Non-Audit Service Fees and Audit Quality

Author : Chee Yeow Lim
Publisher :
ISBN 13 :
Total Pages : 59 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Non-Audit Service Fees and Audit Quality by : Chee Yeow Lim

Download or read book Non-Audit Service Fees and Audit Quality written by Chee Yeow Lim and published by . This book was released on 2013 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Recent studies on whether the provision of non-audit services impairs audit quality document mixed results, depending on the proxy for auditor quality used. We posit that the effect of non-audit fees on audit quality is conditional on auditor industry specialization in that audit quality is less likely to be impaired in the case of industry specialist auditors providing non-audit services. Our premise is that industry specialist auditors are more likely to be concerned about reputation losses and litigation exposure, and to benefit from knowledge spillovers from the provision of non-audit services. We find some evidence that audit quality (as measured by increased propensity to issue going-concern opinion, increased propensity to miss analysts' forecasts, as well as higher earnings-response coefficients) is less likely to be reduced for firms that acquire non-audit services from industry specialist auditors compared to non-specialist auditors. Implications are discussed.

An Analysis of Auditor's Learning Costs and Non-Audit Services on Audit Quality

Author : Ling Chu
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis An Analysis of Auditor's Learning Costs and Non-Audit Services on Audit Quality by : Ling Chu

Download or read book An Analysis of Auditor's Learning Costs and Non-Audit Services on Audit Quality written by Ling Chu and published by . This book was released on 2016 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study uses a very simple but intuitive model to examine how audit quality is determined. It concludes that audit quality is higher if two forces have opposite effects on an auditor's conservatism are balanced and significant. A force that makes an auditor less conservative is the benefit from future engagements with a client, while the force that makes the auditor more conservative is the expected liabilities from overstated accounting values. Given that the expected auditor's liabilities from overstated accounting values are usually significant, we find that significant rents from future engagements with a client improve audit quality through inducing greater audit efforts and less biased reports. Our analysis suggests that learning costs and non-audit services would be sources for these future rents, and auditors should be allowed to provide non-audit services to their clients and these revenues should be higher as auditor tenure lengthens. Furthermore, our analysis shows that mandatory auditor rotation is detrimental to audit quality since it reduces the future rents to auditors which lead to lower audit effort and more biased report. Finally, well-developed auditing standards need to be properly enforced by the regulator/profession for auditors to render appropriate audit quality when the costs associated with over and under reporting are low and/or not balanced.

Indians of Western Illinois and Southern Wisconsin

Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (164 download)

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Book Synopsis Indians of Western Illinois and Southern Wisconsin by :

Download or read book Indians of Western Illinois and Southern Wisconsin written by and published by . This book was released on 1974 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Economics of Audit Quality

Author : Benito Arrunada
Publisher : Springer
ISBN 13 : 9781441950826
Total Pages : 0 pages
Book Rating : 4.9/5 (58 download)

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Book Synopsis The Economics of Audit Quality by : Benito Arrunada

Download or read book The Economics of Audit Quality written by Benito Arrunada and published by Springer. This book was released on 2010-12-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on market mechanisms which protect quality in the provision of audit services. The role of public regulation is thus situated in the context defmed by the presence of these safeguard mechanisms. The book aims to contribute to a better understanding of these market mechanisms, which helps in defining the con tent of rules and the function of regulatory bodies in facilitating and strengthening the protective operation of the market. An analysis at a more general level is provided in the three chapters making up Part 1. In the four chapters of Part 2, on the other hand, this analysis is applied to a particular problem to determine how those non-audit services often provided by auditors to their audit clients should be regulated. Finally, Chapter 8 contains a summary of the analysis and conclusions of the work. The conclusion with regard to non-audit services is that their provision generates beneficial effects in terms of costs, technical competence, professional judgment and competition and, moreover, need not prejudice auditor independence or the quality of these services. This as sessment leads, in the normative sphere, to recommending a legislative policy aimed at facilitating the development and use of safeguards provided by the free action of market forces. Regulation should thus aim to enable the parties-audit firms, self-regulatory bodies and audit clients-to discover through competitive market interaction both the most efficient mix of services and the corresponding quality safeguards, adjusting for the costs and benefits of each possibility.

Handbook of Financial Decision Making

Author : Gilles Hilary
Publisher : Edward Elgar Publishing
ISBN 13 : 1802204172
Total Pages : 463 pages
Book Rating : 4.8/5 (22 download)

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Book Synopsis Handbook of Financial Decision Making by : Gilles Hilary

Download or read book Handbook of Financial Decision Making written by Gilles Hilary and published by Edward Elgar Publishing. This book was released on 2023-08-14 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: This accessible Handbook provides an essential entry point for those with an interest in the increasingly complex subject of financial decision making. It sheds light on new paradigms in society and the ways that new tools from private actors have affected financial decision making. Covering a broad range of key topics in the area, leading researchers summarize the state-of-the-art in their respective areas of expertise, delineating their projections for the future.

The Role of Audit Firm Tenure in a Firm's Propensity to Disclose Material Weaknesses in Internal Controls After SOX.

Author : David Adu-Boateng
Publisher :
ISBN 13 :
Total Pages : 306 pages
Book Rating : 4.:/5 (945 download)

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Book Synopsis The Role of Audit Firm Tenure in a Firm's Propensity to Disclose Material Weaknesses in Internal Controls After SOX. by : David Adu-Boateng

Download or read book The Role of Audit Firm Tenure in a Firm's Propensity to Disclose Material Weaknesses in Internal Controls After SOX. written by David Adu-Boateng and published by . This book was released on 2012 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: Audit firm tenure impacts the quality of audit work and the disclosure of material internal control weaknesses. Public firms are required by the Sarbanes Oxley Act of 2002 (SOX) Section 302 to disclose material internal control weaknesses. Researchers debate whether audit firm rotation is necessary for improving audit quality (Chen, Lin, & Lin, 2008). Generally, an auditor needs sufficient time to become familiar with a client's business in order to enhance effective controls and financial reporting. However, long tenure may diminish auditor independence, and in turn reduce the quality of audit work and encourage a client to violate SOX disclosure requirements. Therefore, it is expected that the disclosure of material internal control weaknesses is less likely given long audit tenure. Prior studies consider many variables that impact the disclosure of control weaknesses, except audit tenure. Further, prior studies do not address the issue of whether familiarity or independence explains non-disclosure. This dissertation investigates the role of audit firm tenure and concludes that the disclosure of material internal control weaknesses is more likely given short tenure. Further, familiarity with the client's business, which is associated with long tenure, explains non-disclosure and not the lack of independence. Therefore, audit firm rotation may not be necessary.

The Routledge Companion to Auditing

Author : David Hay
Publisher : Routledge
ISBN 13 : 1136210342
Total Pages : 504 pages
Book Rating : 4.1/5 (362 download)

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Book Synopsis The Routledge Companion to Auditing by : David Hay

Download or read book The Routledge Companion to Auditing written by David Hay and published by Routledge. This book was released on 2014-09-15 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Auditing has been a subject of some controversy, and there have been repeated attempts at reforming its practice globally. This comprehensive companion surveys the state of the discipline, including emerging and cutting-edge trends. It covers the most important and controversial issues, including auditing ethics, auditor independence, social and environmental accounting as well as the future of the field. This handbook is vital reading for legislators, regulators, professionals, commentators, students and researchers involved with auditing and accounting. The collection will also prove an ideal starting place for researchers from other fields looking to break into this vital subject.

Cybersecurity, Privacy and Freedom Protection in the Connected World

Author : Hamid Jahankhani
Publisher : Springer Nature
ISBN 13 : 3030685349
Total Pages : 463 pages
Book Rating : 4.0/5 (36 download)

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Book Synopsis Cybersecurity, Privacy and Freedom Protection in the Connected World by : Hamid Jahankhani

Download or read book Cybersecurity, Privacy and Freedom Protection in the Connected World written by Hamid Jahankhani and published by Springer Nature. This book was released on 2021-05-20 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an opportunity for investigators, government officials, systems scientists, strategists, assurance researchers, owners, operators and maintainers of large, complex and advanced systems and infrastructures to update their knowledge with the state of best practice in the challenging domains whilst networking with the leading representatives, researchers and solution providers. Drawing on 12 years of successful events on information security, digital forensics and cyber-crime, the 13th ICGS3-20 conference aims to provide attendees with an information-packed agenda with representatives from across the industry and the globe. The challenges of complexity, rapid pace of change and risk/opportunity issues associated with modern products, systems, special events and infrastructures. In an era of unprecedented volatile, political and economic environment across the world, computer-based systems face ever more increasing challenges, disputes and responsibilities, and whilst the Internet has created a global platform for the exchange of ideas, goods and services, it has also created boundless opportunities for cyber-crime. As an increasing number of large organizations and individuals use the Internet and its satellite mobile technologies, they are increasingly vulnerable to cyber-crime threats. It is therefore paramount that the security industry raises its game to combat these threats. Whilst there is a huge adoption of technology and smart home devices, comparably, there is a rise of threat vector in the abuse of the technology in domestic violence inflicted through IoT too. All these are an issue of global importance as law enforcement agencies all over the world are struggling to cope.

What Is the Relationship Between Audit Quality and Non-Audit Services? An Overview of the Existing Literature

Author : Jan Bouwens
Publisher :
ISBN 13 :
Total Pages : 8 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis What Is the Relationship Between Audit Quality and Non-Audit Services? An Overview of the Existing Literature by : Jan Bouwens

Download or read book What Is the Relationship Between Audit Quality and Non-Audit Services? An Overview of the Existing Literature written by Jan Bouwens and published by . This book was released on 2018 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of the literature that appeared on the relation between audit and non-audit services. Press, regulators and academics alike have raised concerns about how audit quality is impacted if audits are performed by firms that offer advisory and audit services. I examine the literature that has investigated impediments that regulators have imposed on audit firms to also provide advisory (non-audit services). The studies provide little support for this concern. In fact, the findings suggest that positive spill over effects occur when firms combine audit with advisory services. However unspecified levels of advisory services (not advice on tax or financial information systems) may have a negative impact on audit quality.