Journal ArticleDOI
A Framework for Evaluating Process Quality for Audit Engagements
Steve G. Sutton,James C. Lampe +1 more
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In this paper, over 200 audit practitioners participated in a series of structured group processes designed to elicit group consensus, first on the factors affecting audit process quality and subsequently on objective measures of deviations in each of the identified factors.Abstract:
Audit quality has been researched from several perspectives. Most recent research has been oriented toward end user surrogates for audit quality. This study, on the other hand, focuses on the development of a more objective and comprehensive measure of audit quality based on an evaluation of the actual audit processes completed for a unique engagement. To achieve this objective, over 200 audit practitioners participated in a series of structured group processes designed to elicit group consensus, first on the factors affecting audit process quality and subsequently on objective measures of deviations in each of the identified factors. A separate group of approximately 100 practitioners provided relative weights for each identified factor's effect on overall audit quality. The combination of measures and corresponding weighting factors is used as the foundation for a comprehensive framework for evaluating audit process quality.read more
Citations
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Journal ArticleDOI
Toward an Understanding of the Factors Affecting the Quality of the Audit Process
TL;DR: In this article, a set of key audit quality factors influencing the quality of the audit process and a corresponding set of measures for evaluating audit quality were identified. But the authors did not consider the impact of audit environment on process quality.
Journal ArticleDOI
An analysis of attributes that impact information technology audit quality: A study of IT and financial audit practitioners
TL;DR: It is found that additional factors are significant for IT audit quality and that the relative importance of the factors for IT Audit quality differs for IT versus financial auditors.
Journal ArticleDOI
The impact of relative information quality of e-commerce assurance seals on Internet purchasing behavior
TL;DR: The results of the study fail to find consumer interest in a low information quality seal, but did show a strong effect related to preference for a high information quality Seal, although these results were not related to buyers' risk propensities.
Journal ArticleDOI
Evaluating the Work of Internal Audit: A Comparison of Standards and Empirical Evidence
James C. Lampe,Steve G. Sutton +1 more
TL;DR: In this article, the authors compare the UK's Accounting Practices Board Statement of Auditing Standard 500, with similar standards promulgated by international, Canadian and US societies, and with audit quality factors derived from practising internal auditors.
Book ChapterDOI
Do principles- vs. rules-based standards have a differential impact on U.S. auditors' decisions?
TL;DR: In this article, the authors explore the impact of principles- vs. rules-based standards on auditors' willingness to allow clients who exert high pressure to report earnings aggressively, while SEC pressure has more affect on less experienced auditors.
References
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Book
Foundations of Behavioral Research
Fred N. Kerlinger,Howard B. Lee +1 more
TL;DR: In this article, the authors focus on the relationship between the research problems and the design of the research, and emphasize the fundamentals of understanding how to solve a scientific research problem, focusing upon the relationships between the problems and their solutions.
Journal ArticleDOI
A Path-Goal Theory of Leader Effectiveness
TL;DR: In this article, an explanation of the effects of leader behavior on subordinate satisfaction, motivation, and performance is presented, derived from a path-goal theory of motivation, which specifies some of the situational moderators on which the effect of specific leader behaviors are contingent.
Journal ArticleDOI
Audit Fees and Auditor Size: Further Evidence
TL;DR: In this article, the authors examined the Big Eight audit firms and found that they tend to charge higher fees than non-Big Eight firms, which might reflect the higher quality of the audit services supplied by that firm.
Journal ArticleDOI
Measurement Cost and the Organization of Markets
TL;DR: In this paper, the authors show that the potential errors in weighing the commodity and assessing its attributes permit manipulations and therefore require safeguards, and that the costs incurred by the transactors will exceed those under joint maximization.
Journal ArticleDOI
Auditor Credibility and Auditor Changes
Donald R. Nichols,David B. Smith +1 more
TL;DR: In this paper, the U.S. Senate Subcommittee on Reports, Accounting, and Management (Metcalf Committee) provided data indicating that the eight largest auditing firms in the country (the "Big Eight") are overwhelmingly the major suppliers of audit services to the largest corporations in the United States.