Download or read book The Impact of Inherent Risk Control Risk and Analytical Review Results on Auditors Planning Decisions for the Revenue Cycle written by Gary Stewart Monroe and published by . This book was released on 1995 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Inherent Risk Control Risk Analytical Review Results and Experience on Auditors Planning Decisions for the Revenue Cycle written by Gary Stewart Monroe and published by . This book was released on 1992 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Belief Functions in Business Decisions written by Rajendra P. Srivastava and published by Physica. This book was released on 2013-11-11 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book focuses on applications of belief functions to business decisions. Section I introduces the intuitive, conceptual and historical development of belief functions. Three different interpretations (the marginally correct approximation, the qualitative model, and the quantitative model) of belief functions are investigated, and rough set theory and structured query language (SQL) are used to express belief function semantics. Section II presents applications of belief functions in information systems and auditing. Included are discussions on how a belief-function framework provides a more efficient and effective audit methodology and also the appropriateness of belief functions to represent uncertainties in audit evidence. The third section deals with applications of belief functions to mergers and acquisitions; financial analysis of engineering enterprises; forecast demand for mobile satellite services; modeling financial portfolios; and economics.

Download or read book An Experimental Study of the Effects of Inherent Risk Control Risk and Analytical Review Procedures on the Auditors Planning Process written by Len Therry and published by . This book was released on 1993 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Control Risk and Business Risk on Sample Evidence Evaluation written by Heather Marie Hermanson and published by . This book was released on 1993 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Risk Assessment in Accounting and Auditing written by Theodore J. Mock and published by Canadian Certified General Accountants' Research Foundation = Fondation de recherche de l'Association des comptables généraux licenciés du Canada. This book was released on 1985 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Preface: The major objective of this monograph is to provide a critical overview of risk assessment in accounting and auditing. Many of the intellectual roots of the treatment of uncertainty and risk in accounting can be found in other disciplines. The monograph, therefore, attempts to synthesize conceptual frameworks, and empirical findings from a variety of disciplines and relate them to developments in risk assessment in accounting. The conceptual framework which is developed should be useful for both practitioners and academics who would like to employ a broader perspective in viewing their own work in the field.

Download or read book Modeling External Auditors Evaluations of Audit Risk and the Effect of the Task Environment on Consensus written by Frank Alan Orth Buckless and published by . This book was released on 1989 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effects of Cognitive Control Information Processing on Auditors Planning Decisions written by Kimberly R. Walker and published by . This book was released on 2020 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study explores how cognitive control information processing affects auditors' judgment when making planning decisions. Audit planning directs the audit process and helps auditors assess and respond to the risk of material misstatement. Despite the importance of audit planning, the Public Company Accounting Oversight Board (PCAOB) inspection reports consistently note audit deficiencies related to assessing and responding to the risk of material misstatement (e.g., PCAOB 2017a). A possible root cause of auditors' inability to assess and respond to risk effectively is information overload. I examine whether goal-directed information processing, a cognitive control information processing approach and cognitive flexibility improve auditors' planning decisions. The goal-directed information processing approach to information processing is useful in an audit planning setting because it reduces cognitive interference by directing auditors to focus on a goal to govern the flow of information. Cognitive flexibility describes individuals' ability to adapt processing strategies to environmental conditions. Specifically, I examine whether and, if so, to what extent experience improves the effect of goal-directed information processing on auditors' planning decisions. I also examine the interactive effects of experience and cognitive flexibility on auditors' planning decisions. I find that less-experienced auditors who use goal-directed information processing make more accurate risk assessments compared to more experienced auditors. The results also suggest that cognitive flexibility is a valuable characteristic for auditors in practice. Accordingly, I find that less experienced auditors with a high level of cognitive flexibility make more accurate risk assessments compared to more-experienced auditors with a high level of cognitive flexibility. I also find that auditors with a high level of cognitive flexibility appropriately modify planned audit procedures to detect fraud risk for the receivables standard audit program

Download or read book An Examination of the Impact of Individual Risk Attitudes and Perceptions on Audit Risk Assessment written by Douglas A Clarke and published by . This book was released on 1987 with total page 700 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Empirical Investigation of the Effects on Internal Auditors Audit Planning Decisions Attributable to the Availability of Regression Analysis Data as Analytical Review Evidence written by James Douglas Cashell and published by . This book was released on 1984 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Audit planning written by William R. Kelting and published by . This book was released on 1988 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Primacy Effects and the Role of Risk in Auditor Belief Revision Processes written by Brenda H. Anderson and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Numerous studies in the audit judgment literature provide evidence indicating that auditors can be susceptible to recency effects. This study extends the research by examining auditor susceptibility to primacy, an order effect, which, like recency, can lead to suboptimal audit-planning decisions (see Ashton and Ashton 1988) and yet, unlike recency, has received very little attention in the accounting literature. Specifically, the research investigates whether primacy effects in auditor belief revisions are a conditional function of the level of inherent risk present in the audit environment (high/low) and the nature of the information contained in the latter portion of the information sequence (e.g., whether the information is positive or negative with respect to the client?s internal controls).The results, consistent with expectations, indicate that auditors are susceptible to primacy effects when making likelihood of error and audit-hour planning judgments in settings that are relatively low in inherent risk, and such effects are due to less integration of late positive information in low- as compared to high-risk conditions. No evidence of primacy was found for either judgment when the inherent risk associated with the audit setting was high and, auditors did not differentially revise their beliefs across inherent risk conditions for late negative information. The findings indicate that primacy is essentially the result of insufficient integration of late positive information in low inherent risk settings, suggesting that primacy may lead to overauditing and thus, an inefficient use of audit resources.

Download or read book Laboratory Study of the Effects of Auditor s Business Risk on Audit Scope written by Judith Christina Walo and published by . This book was released on 1990 with total page 504 pages. Available in PDF, EPUB and Kindle. Book excerpt:

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.

Download or read book An Analysis of the Effects of Risk Materiality and Structure on Auditors Evidential Planning Decisions written by Peter Tze Yiu Lau and published by . This book was released on 1997 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Effect of Industry Experience on Hypothesis Generation and Audit Planning Decisions written by Arnold Wright and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A significant concern in behavioral research in accounting has been the effect of experience on judgment and decision-making. As widely recognized, there are, however, several dimensions to experience, including general domain experience and task-specific experience. One important dimension that has received limited attention is industry experience. For instance, in an audit context, greater industry experience is expected to lead to greater effectiveness and efficiency as auditors develop a knowledge-base of the unique risks and audit approaches for a particular industry. The purpose of this study is to investigate the impact of industry experience on the generation of hypotheses of likely errors in conducting analytical procedures. Other audit planning tasks are also examined (e.g., risk assessment and extent of testing). Seventy-two auditors, 34 with significant retailing experience and 38 without such experience (both groups ranging in rank from senior to partner), completed a comprehensive, realistic case for a retailing client. Four material errors, three relating to a retailing environment, were present in the case. The findings indicate that industry experience significantly enhanced hypotheses generation in identifying errors but did not result in expected risk assessments or revisions to planned extent. Proportionately greater audit hours were, however, assigned to more experienced audit staff for misstated accounts.

Download or read book The Role of Task Subjectivity and Risk of Material Misstatement on Auditors Configural Processing in Internal Audit Reliance Judgments written by Sudip Bhattacharjee and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a field-based questionnaire administered to practicing auditors, we examine how auditors simultaneously combine the key planning variables, client-level misstatement risk (comprised of inherent risk and control risk) with account-level subjectivity, when utilizing internal audit as a cost management tool. We contend that auditor use of internal audit will reflect a balance between the potential for efficiency gains and the implications regarding audit effectiveness. Prior internal audit research has primarily focused on lower and higher risk conditions with relatively few studies examining the implications of moderate risk scenarios on internal audit use. Data on actual audits from an instrument administered to external auditors reveal significant differences in reliance decisions across lower, moderate, and higher misstatement risk levels. Our results reveal that increases in account-level subjectivity have no effect on auditors' internal audit reliance judgments when risk of material misstatement is at lower levels. However, auditors increase their internal audit reliance when account-level subjectivity increases across moderate misstatement risk. Finally, our results suggest that auditors decrease their internal audit reliance when account subjectivity increases across higher misstatement risk. By examining these risk variables in combination, we provide insight into the complexities associated with external auditors' internal audit usage decisions in the post-SOX era. This research should be of interest to practitioners given PCAOB's limited guidance on how multiple risk factors should be combined when utilizing internal audit.