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- Title
Practice Summaries.
- Authors
Moreno, Kimberly; Bhattacharjee, Sudip; Ayers, Susan; Kaplan, Steven E.; Thibodeau, Jay C.; Almer, Elizabeth Dreike; Cohen, Jeffrey R.; Single, Louise E.; Lee, Ho Young; Mande, Vivek; Krishnan, Gopal V.; Lindberg, Deborah L.; Maletta, Mario M.; Jenkins, J. Gregory; Haynes, Christine M.; Raghunandan, K.; McCracken, Susan A.; Whisenant, J. Scott; Sankaraguruswamy, Srinivasan
- Abstract
The article presents abstracts of several articles that have been published in the March 2003 issue of the journal "Auditing." The authors examine whether auditors of different professional ranks are influenced by opportunities to generate additional client business. While business opportunities may put pressure on auditors to agree with a client-suggested aggressive accounting treatment, risk management concerns may make auditors more cautious. To promote growth, the culture and incentive structures of large audit firms may encourage contact partners to evaluate new clients as favorably as possible. Contact partners may thus be tempted to associate with clients that are overly risky, which could trigger litigation and diminish firm reputation. Two developments have heightened audit firms' interest in imposing their understanding of knowledge transfer. First, the number of different professional services has increased substantially. Second, advances in information technology have improved the capacity to capture and disseminate knowledge throughout the organization. There have been shortages of experienced assurance services professionals. One way firms deal with this problem is to offer flexible work arrangements to help professionals balance work and family demands.
- Subjects
AUDITING; AUDITING (Periodical); AUDITOR-client relationships; AUDITORS; ACCOUNTING firms; RISK management in business; INFORMATION technology
- Publication
Auditing: A Journal of Practice & Theory, 2003, Vol 22, Issue 1, p1
- ISSN
0278-0380
- Publication type
Article
- DOI
10.2308/aud.2003.22.1.1