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- Title
Preparers' control-risk assessments under alternative audit-review processes.
- Authors
Wu, Gang (Henry)
- Abstract
This study investigates the impact of a decomposed audit-review process on audit preparers' control-risk assessments, taking audit experience into consideration. Using an experiment, it manipulates the audit-review type (decomposed review versus non-decomposed review) and preparers' audit experience level (more experienced versus less experienced). Analysis of data collected from two mid-tier audit firms supported the author's predictions. First, working-paper preparers assessed control risk more accurately in a decomposed than in a non-decomposed review. Second, less-experienced auditors benefitted more from a decomposed review than more-experienced auditors.
- Subjects
RISK management in business; AUDITING; BUSINESS enterprises; AUDITORS; DATA analysis; INVESTMENT analysis
- Publication
Accounting & Finance, 2012, Vol 52, p433
- ISSN
0810-5391
- Publication type
Article
- DOI
10.1111/j.1467-629X.2011.00434.x