Three Essays On Auditor Liability
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Three Essays On Auditor Independence And Auditor Liability
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Author : Ping Zhang
language : en
Publisher: National Library of Canada = Bibliothèque nationale du Canada
Release Date : 1999
Three Essays On Auditor Independence And Auditor Liability written by Ping Zhang and has been published by National Library of Canada = Bibliothèque nationale du Canada this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Auditors categories.
Three Essays On The Structure Of Auditing Industry Auditor Liability And The Regulation Of Audit Quality
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Author : Masoud Yaharadeh
language : en
Publisher:
Release Date : 1992
Three Essays On The Structure Of Auditing Industry Auditor Liability And The Regulation Of Audit Quality written by Masoud Yaharadeh and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Auditing categories.
Three Essays On Auditor Liability
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Author : Jeffrey Scott Pickerd
language : en
Publisher:
Release Date : 2016
Three Essays On Auditor Liability written by Jeffrey Scott Pickerd and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Auditor liability is an important topic of accounting research as auditors respond to a constantly changing financial reporting and regulatory environment. Through three independent essays, I intend to explore how estimate uncertainty, financial statement aggregation, audit quality indicators, a company's investor base, and the size of the alleged misstatement can impact auditor liability both in the courtroom, as determined by jurors, and in out of court settlement, as determined by attorneys. I find that jurors do hold the auditor more likely to be negligent when audit quality indicators suggest the auditors did a poor quality audit. I also find that jurors hold auditors to be more negligent when both estimate uncertainty is low and the income statement is disaggregated. This juror finding is in contrast to lawyers where I find that high estimate uncertainty causes auditors' lawyers to believe that the auditors are more vulnerable for failing to detect a material misstatement and make more concessions in out-of-court settlement negotiation. Together, these studies have a number of important implications. First, the impact of high estimate uncertainty on auditor liability can go in opposite directions depending on whether the case disposition is determined by jurors or by lawyers negotiating settlement. Second, auditors' legal counsel may erroneously concede during settlement negotiations based on incorrect beliefs about their vulnerability to jurors. Third, while accounting research has focused on juror judgments to proxy for auditor litigation risk, auditors may face very different litigation risk in out-of-court settlement, where the vast majority of auditor liability is determined.
Essays On The Quality Of Audited Financial Statements
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Author : Ulf Mohrmann
language : en
Publisher: Logos Verlag Berlin GmbH
Release Date : 2016-02-15
Essays On The Quality Of Audited Financial Statements written by Ulf Mohrmann and has been published by Logos Verlag Berlin GmbH this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-02-15 with Business & Economics categories.
The dissertation consists of four essays on the quality of audited financial statements. The first analysis investigates the association between several regulations of the audit market and earnings characteristics. The second essay differentiates between different drivers of audit quality after an auditor change by comparing the effects of voluntary and mandatory auditor changes. The third study analyses the different strategies of Big4 and non-Big4 auditors in dealing with Level 3 fair values. The fourth part examines banks' valuation behavior concerning Level 3 fair values.
Essays On The Impact Of Auditors Liability On Audit Quality And Investment
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Author : Rachel Schwartz
language : en
Publisher:
Release Date : 1994
Essays On The Impact Of Auditors Liability On Audit Quality And Investment written by Rachel Schwartz and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.
Essays On Accounting Capital Structure And Risk Management
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Author : Bjorn Nybo Jorgensen
language : en
Publisher:
Release Date : 1999
Essays On Accounting Capital Structure And Risk Management written by Bjorn Nybo Jorgensen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
The second essay develops a model in which debt holders and equity holders can sue the auditor. This thesis shows that expanding auditors' liability may cause underinvestment by the audited firm. The essay demonstrates that the underinvestment effect may be mitigated by adopting alternative liability regimes or by changing auditor selection procedures.
The Law Of Negligence Company Auditor
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Author : Kelly Adam
language : en
Publisher: GRIN Verlag
Release Date : 2014-02-10
The Law Of Negligence Company Auditor written by Kelly Adam and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02-10 with Business & Economics categories.
Document from the year 2013 in the subject Business economics - Revision, Auditing, , language: English, abstract: Auditors accumulate and evaluate information to be able to determine whether the financial reports of a given company complied with legislative requirements and established criteria. An auditor therefore determines the credibility of financial information so that the correct use of it in business and investment decisions can be made. Auditors have legal duties attached to their activities which they are expected to uphold. A breach of the legal duty which is imposed and fixed by law due to careless acts constitutes what is termed as negligence. This makes it to be based on conduct rather than any form of agreement. A tort of negligence therefore is only committed when actionable damage is sustained, and this is not only by carelessness but by inflicting damage carelessly in situations where the law recognizes a duty to be careful. Negligence is hence established if the conduct was careless and there existed a causal relationship between the damage and that conduct. A close look at it is a situation where the conduct was foreseeable to inflict the damage on person harmed. Negligence statements provided by company auditors can result to pure economic loss. Internal auditors check the accuracy of the financial information and provide an opinion whether the information is true and fair according to the accounting standards and common law. They are liable to external users of financial information since external users rely on audited statements to make investment decisions hence the need of the opinions to be unbiased and remain independent. Therefore, it is their legal duty to provide an assurance to all audited statements users that the material is not of fraud, its reliable and lacks irregularities. Conclusion by the auditor that the information is fairly stated as per the accounting standards makes them liable if they are found to have been materially misstated.
The Irrational Auditor And Irrational Liability
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Author : Adam C. Pritchard
language : en
Publisher:
Release Date : 2013
The Irrational Auditor And Irrational Liability written by Adam C. Pritchard and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This essay argues that less liability for auditors in certain areas might encourage more accurate and useful financial statements, or at least equally accurate statements at a lower cost. Audit quality is promoted by three incentives: reputation, regulation, and litigation. When we take reputation and regulation into account, exposing auditors to potentially massive liability may undermine the effectiveness of reputation and regulation, thereby diminishing integrity of audited financial statements. The relation of litigation to the other incentives that promote audit quality has become more important in light of the sea change that occurred in the regulation of the auditing profession with the adoption of the Sarbanes-Oxley Act. Given these fundamental changes in the regulatory backdrop, I argue that the marginal benefit of litigation has been substantially diminished and in many cases that it is likely to be ineffective in promoting greater audit quality. I propose a knowledge standard for auditor liability in securities fraud cases.
The Development Of The Auditor S Liability To Third Parties
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Author : Peter O'Rourke
language : en
Publisher:
Release Date : 1992
The Development Of The Auditor S Liability To Third Parties written by Peter O'Rourke and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Accounting categories.
Auditor Liability In The Current Environment
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Author :
language : en
Publisher:
Release Date : 2009
Auditor Liability In The Current Environment written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Auditing categories.