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Author : Gary A. Salazar
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (34 download)
Download or read book The Effect of Litigation Against Auditors Upon the Incidence of Qualified Opinions written by Gary A. Salazar and published by . This book was released on 1993 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Douglas Edwin Ziegenfuss
Publisher :
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.:/5 (225 download)
Download or read book An Empirical Investigation of the Effects of Qualified Opinions on Audit Firms' Growth Rates and Legal Liability written by Douglas Edwin Ziegenfuss and published by . This book was released on 1989 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dain C. Donelson
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)
Download or read book Litigation Against Auditors written by Dain C. Donelson and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Auditors are subject to litigation exposure under federal securities laws and under state law. Research into auditors' liability under federal securities laws tends to make use of publicly available data from class action suits to examine factors associated with the incidence of litigation against auditors, the extent to which the legal merits of the case influence incidence and outcomes of those cases, and the impact of legal reform on litigation against auditors. State law does not generally allow class actions suits, so public data are not available. Research in this area focuses on understanding the process by which jurors and judges assess auditor blame for client misstatements. It considers similar issues, including the extent to which the merits of the case versus legally irrelevant factors impact the resolution of the case. Market-based experiments examine the effects of various legal regimes on auditor and social welfare. We summarize research results in these areas and identify important areas for future research, including examining the effects of potential decreases in auditor liability on social welfare, deepening our understanding of the conditions under which the merits of the case are appropriately reflected in case outcomes, and improving our understanding of how parties determine whether to settle and how juries set damage awards.
Author : James A. Tackett
Publisher :
ISBN 13 :
Total Pages : 97 pages
Book Rating : 4.:/5 (11 download)
Download or read book The impact of qualified audit reports on subsequent audit reports: a test correlating litigation and asset realization "subject to" opinions across time written by James A. Tackett and published by . This book was released on 1982 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Douglas E. Ziegenfuss
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (18 download)
Download or read book An Empirical Investigation of the Effects of Qualified Opinions on Audit Firms' Growth Rates and Legal Liability written by Douglas E. Ziegenfuss and published by . This book was released on 1993 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kristi Thompson
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (284 download)
Download or read book An Analysis of the Impact of Litigation on Issuing Qualified Opinions written by Kristi Thompson and published by . This book was released on 1992 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : United States Government Accountability Office
Publisher : Lulu.com
ISBN 13 : 0359536395
Total Pages : 234 pages
Book Rating : 4.3/5 (595 download)
Download or read book Government Auditing Standards - 2018 Revision written by United States Government Accountability Office and published by Lulu.com. This book was released on 2019-03-24 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: Audits provide essential accountability and transparency over government programs. Given the current challenges facing governments and their programs, the oversight provided through auditing is more critical than ever. Government auditing provides the objective analysis and information needed to make the decisions necessary to help create a better future. The professional standards presented in this 2018 revision of Government Auditing Standards (known as the Yellow Book) provide a framework for performing high-quality audit work with competence, integrity, objectivity, and independence to provide accountability and to help improve government operations and services. These standards, commonly referred to as generally accepted government auditing standards (GAGAS), provide the foundation for government auditors to lead by example in the areas of independence, transparency, accountability, and quality through the audit process. This revision contains major changes from, and supersedes, the 2011 revision.
Author : Nargiz Abdullayeva
Publisher :
ISBN 13 :
Total Pages : 63 pages
Book Rating : 4.:/5 (132 download)
Download or read book Auditor's Public Offering Experience and Lawsuits written by Nargiz Abdullayeva and published by . This book was released on 2022 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior literature suggests that public offering clients of Big 4 auditing firms are more likely to get sued due to their "deep pockets" which might trigger the filing of lawsuits. However, it is not clear whether variation in auditor knowledge and experience among Big 4 audit offices might affect the litigation risk. In this paper, I examine whether auditor experience in public offerings measured at the audit office level is associated with lawsuit incidence related to initial and secondary public offerings. Using a sample of U.S. IPOs and SEOs audited by Big 4 audit firms, I find that IPO clients of the auditors with higher IPO experience are less likely to get sued. Similarly, I find that SEOs audited by Big 4 offices with higher SEO experience are associated with lower lawsuit incidence. I also investigate whether auditors might use their SEO and IPO experience to mitigate litigation risk interchangeably for IPO and SEO audits, respectively. I find that SEO experience is negatively associated with lawsuit incidence in the IPO sample, but that association disappears after controlling for auditor IPO experience. However, I do not find any association between auditor IPO experience and SEO-related lawsuits. I also examine the effect of auditor IPO and SEO experiences on dismissal rate among lawsuits related to IPOs and SEOs,respectively. My results suggest that the IPO experience of auditors has a positive impact on the dismissal rate of lawsuits related to IPOs. However, I do not find a significant association between the SEO experience of auditors and the dismissal rate of SEO-related lawsuits.
Author :
Publisher :
ISBN 13 :
Total Pages : 380 pages
Book Rating : 4.:/5 (44 download)
Download or read book Pittsburgh Legal Journal written by and published by . This book was released on 1907 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Containing reports from Pennsylvania judicial districts and other leading decisions.
Author : Louis A. Cox
Publisher : Springer Science & Business Media
ISBN 13 : 1489907599
Total Pages : 701 pages
Book Rating : 4.4/5 (899 download)
Download or read book New Risks: Issues and Management written by Louis A. Cox and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 701 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains the proceedings of the 1986 annual meeting and conference of the Society for Risk Analysis. It provides a detailed view of both mature disciplines and emerging areas within the fields of health, safety, and environmental risk analysis as they existed in 1986. In selecting and organizing topics for this conference, we sought both (i) to identify and include new ideas and application areas that would be of lasting interest to risk analysts and to users of risk analysis results, and (ii) to include innovative methods and applications in established areas of risk analysis. In the three years since the conference, many of the topics presented there for the first time to a broad risk analysis audience have become well developed-and sometimes hotly debated-areas of applied risk research. Several, such as the public health hazards from indoor air pollutants, radon in the home, high-voltage electric fields, and the AIDS epidemic, have been the subjects of headlines since 1986. Older areas, such as hazardous waste site ranking and remediation, air emissions dispersion modeling and exposure assessment, transportation safety, seismic and nuclear risk assessment, and occupational safety in the chemical industry, have continued to receive new treatments and to benefit from advances in quantitative risk assessment methods, as documented in the theoretical and methodological papers in this volume. A theme of the meeting was the importance of new technologies and the new and uncertain risks that they create.
Author : Lakshmana Krishna Moorthy
Publisher :
ISBN 13 :
Total Pages : 33 pages
Book Rating : 4.:/5 (13 download)
Download or read book Regulation, Auditor Litigation and Settlements written by Lakshmana Krishna Moorthy and published by . This book was released on 2017 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper aims to understand the determinants of lawsuits against auditors in securities class action litigation and the settlement pattern by auditors when the suit is not dismissed. The issues we consider are: (i) when are auditors named as defendants (ii) when do auditors choose to settle and (iii) what proportion of the settlement do auditors pay in relation to the settlement by all the other parties; and (iv) differences in settlement strategies among the big-n firms. We also want to understand how these suit and settlement patterns have changed following the enactment of major regulation such as the Private Securities Litigation Reform Act (PSLRA), Sarbanes Oxley Act (SOX). Following prior literature, we first establish that auditors are more likely both to be named and to settle in cases involving restatement of earnings, accusations of violation of GAAP or accounting improprieties. We then show that the likelihood of suit and settlement increase in a measure that we construct measuring the complexity of litigation. We then examine differences in settlement patterns across periods preceding and after the passage of PSLRA and SOX. We find that auditors are named less often in the post PSLRA period (relative to the pre-PSLRA period), settle with the same frequency in both periods but pay less proportional damages. The same set of comparisons show that auditors are just as likely to be sued post-SOX as pre-SOX, but settle with lower frequency and pay the same proportion of damages. Overall this study documents the beneficial role of both PSLRA and SOX on reducing the litigation burden on auditors. With regard to settlement strategies, we document the varying strategies employed by the Big-n firms that settle at different rates, vary in their aggressiveness and time to settle signaling the willingness to fight or cooperate in the settlement.
Author : Sean Cao
Publisher :
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.:/5 (13 download)
Download or read book Auditor Litigation written by Sean Cao and published by . This book was released on 2018 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Litigation poses a significant business risk for auditors. We argue that auditors learn from other auditors' litigation events and examine the consequences of such events for future accounting misstatements. Using a hand-collected sample of auditor litigation events, we find a significant subsequent decrease in misstatement frequency in within-industry audits conducted by auditors who did not face litigation. This industry-based across-auditor effect is further supported (a) by an increase in audit fees; (b) an increase in auditor going concern opinions; and (c) is robust to a battery of controls including the use of a difference-in-difference approach. By showing that auditor litigation leads to lower, rather than higher, misstatements across an industry, the findings expand our understanding of misstatement contagion evidenced in other studies. We find no evidence of region-based across-auditor learning. Overall, this study, by demonstrating a deterrence effect of litigation for non-sued entities significantly enhances the impact of litigation beyond just the sued entity.
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities
Publisher :
ISBN 13 :
Total Pages : 344 pages
Book Rating : 4.0/5 ( download)
Download or read book Abandonment of the Private Right of Action for Aiding and Abetting Securities Fraud/staff Report on Private Securities Litigation written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities and published by . This book was released on 1994 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Distributed to some depository libraries in microfiche.
Author : Wally Smieliauskas
Publisher : Routledge
ISBN 13 : 0429854129
Total Pages : 269 pages
Book Rating : 4.4/5 (298 download)
Download or read book Auditing and Society written by Wally Smieliauskas and published by Routledge. This book was released on 2020-07-30 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Auditing has become an essential component in market societies and the need for auditing skills has risen in line with globalization. This textbook provides a comprehensive overview of the role of financial statement auditing in contemporary society, including the auditor’s role in evaluating the financial reporting of an auditee—a topic of central concern in the recent comprehensive review of the auditing profession in the Brydon Report (2019). The experienced authors provide insight into auditing research to help readers understand its function, regulation, and role in theory and practice. With focus on private sector financial statement auditing and its regulation, the book includes perspectives on social theory, history, and the importance of professional standards. The thought-provoking final chapter challenges students to consider the effectiveness of auditing in evaluating increasingly risky and complex accounting estimates involving assumptions about future events. A fundamental approach to auditing theory, this textbook will be useful reading for advanced undergraduate and postgraduate students across business and accounting fields.
Author : Henry R. Jaenicke
Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.:/5 (181 download)
Download or read book The Effect of Litigation on Independent Auditors written by Henry R. Jaenicke and published by . This book was released on 1977 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book In Re Grand Jury Proceedings written by and published by . This book was released on 1981 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Henry R. Jaenicke
Publisher :
ISBN 13 :
Total Pages : 116 pages
Book Rating : 4.:/5 (181 download)
Download or read book The Effect of Litigation on Independent Auditors written by Henry R. Jaenicke and published by . This book was released on 1977 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
