Performance of auditing procedures by governmental auditors: some preliminary evidence
Article Abstract:
Governmental audit policy-makers are keenly interested in the quality of governmental auditors' work, but there is minimal published evidence on which to base such evaluations. Results of an exploratory study on the subject are presented. Responses were obtained from governmental auditors at all levels of government concerning their inability to perform prescribed procedures. The survey was based on a randomized response technique to assume respondent anonymity. Results indicate that false sign-off rates were slightly higher among state-level auditors than among those at the federal level. False sign-off rates were also slightly higher among auditors who do not work under a civil service system compared to those who do. Independence of the audit function was not useful in explaining positive false sign-off rates.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1987
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Using financial and market information to identify pre-engagement factors associated with lawsuits against auditors
Article Abstract:
Auditing firms are increasingly being implicated in lawsuits and therefore must find ways of identifying high-risk audit engagements. A matched-pairs system is used to scrutinize a sampling of companies involved in litigation against auditors and a sampling of companies matched with an experimental sample on time period and industry. The findings furnish proof of a relation between pre-audit engagement characteristics of both the client and the auditor and the later filing of a lawsuit against the auditor. The predictive ability of the model is tested with realistic priors and error costs and is shown to be effective in pinpointing risky audit engagements.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 1991
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Audit team brainstorming, fraud risk identification, and fraud risk assessment: implications of SAS No. 99
Article Abstract:
Brainstorming sessions are required by SAS No. 99 on each audit to aid audiors in detecting fraud. Results indicate that while overall number of ideas is reduced, more quality fraud ideas are generated by brainstorming audit teams than individual auditors come up with before the brainstorming session. Audit teams' fraud risk assessments following the the brainstorming session were found to be significantly higher than those assessments provided by individual auditors on the timebefore the brainstorming session, particularly when fraud is present.
Publication Name: Accounting Review
Subject: Business, general
ISSN: 0001-4826
Year: 2007
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