Educating for accounting expertise: a field study

Article Abstract:

Differences in instructional process exist between Project Discovery (PD) and the University of Illinois at Urbana-Champaign's traditional accounting undergraduate program. Learning outcome and attitude differences were also observed between graduates of PD and the traditional program. PD is a comprehensive program for instruction aimed at educating accounting students for expertise by focusing on the acquisition of intellectual skills and the improvement of attitudes. Using measures of course syllabi and students' demographic data, declarative knowledge, attitudes and intellectual skills, the effectivity of PD and the traditional program were compared. Findings show few differences between PD and traditional program graduates in terms of CPA examination performance. PD graduates were also found to have better problem-structuring skills and attitudes toward accounting instruction.

Colleges, Universities, and Professional Schools, Colleges and universities, Graduate & Professional Schools, Accounting, Education, Curricula, Study and teaching, Accountants, University of Illinois (Urbana-Champaign)

---

The effects of SAS No. 82 on auditors' attention to fraud risk factors and audit planning decisions

Article Abstract:

Separate and explicit assessment of fraud risk, as required by the Statement on Auditing Standards No. 82, will spur auditors to pay more attention to fraud cues and audit planning decisions. This was gleaned from the results of an experiment involving 108 auditors from two major auditing firms, wherein they were required to document risk assessments and audit planning judgments. The study sought to examine whether SAS No. 82 will lead auditors to spend more time reading signs of falsity in financial statements and to design audit plans that are more sensitive to fraud risk. Results revealed that SAS No. 82 can focus auditors' attention to fraud cues and lead to increases in hours spent for high- and low-fraud risk cases. However, SAS No. 82 was not found to have any effect on the nature of audit plans.

Standards, Research, Auditing, Practice, Fraud, Auditors, Financial Accounting Standards Board

---

Similar abstracts:

• Abstracts: Shipping line faces sterling crisis: a flurry of deals by P&O aims to staunch its long-running underperformance
• Abstracts: A texture index for evaluating accounting narratives: an alternative to readability formulas. Controlling the standard-setting agenda: The role of FRS 3
• Abstracts: Banks, financial markets, and social welfare. The effect of heterogeneous risk on the early adoption of Internet banking technologies
• Abstracts: The effect of EDGAR on the market reaction to 10-K fillings. Information systems, incentives and the timing of investments
• Abstracts: Tests of analysts' overreaction/underreaction to earnings information as an explanation for anomalous stock price behavior

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.