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QUALITATIVE FACTORS OF MATERIALITY - A REVIEW OF EMPIRICAL RESEARCH
Popa, Emil Irimie; Span, Ancuta Georgeta; Fulop, Timea … - In: Annales Universitatis Apulensis Series Oeconomica 1 (2010) 12, pp. 27-27
Determination of materiality is a crucial step in an audit mission because it affects theentire audit process. The … incorrect application of materiality can have serious negativerepercussions on both the audited entity and the auditor (Enron …
Persistent link: https://www.econbiz.de/10008775986
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THE BACKGROUND OF PROFESSIONAL JUDGMENT OF MATERIALTY IN STATUTORY AUDIT BASED ON QUALITATIVE FACTORS ANALYSIS
Ancuta, Span Georgeta; Emil, Popa Irimie; Timea, Fulop … - In: Annals of Faculty of Economics 1 (2010) 1, pp. 585-588
a mission as a whole. Materiality plays a primary role in determining the relevance of information provided by the users … of financial statements. This material highlights the role of qualitative factors in determining materiality, as far as … not set precise rules in determining materiality, the issue is necessary because decisions of the auditors and users of …
Persistent link: https://www.econbiz.de/10008787406
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An empirical investigation of the influence of qualitative risk factors on Canadian auditors' determination of performance materiality
Emby, Craig; Pecchiari, Nicola - In: Accounting perspectives : a journal of The Canadian … 12 (2013) 4, pp. 281-299
Persistent link: https://www.econbiz.de/10010238999
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Did fair-value accounting contribute to the financial crisis?
Laux, Christian; Leuz, Christian - 2009
The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we...
Persistent link: https://www.econbiz.de/10010303680
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The crisis of fair value accounting: Making sense of the recent debate
Laux, Christian; Leuz, Christian - 2009
The recent financial crisis has led to a vigorous debate about the pros and cons of fair-value accounting (FVA). This debate presents a major challenge for FVA going forward and standard setters' push to extend FVA into other areas. In this article, we highlight four important issues as an...
Persistent link: https://www.econbiz.de/10010303740
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Strategic decision behavior and audit quality of big and small audit firms in a tendering process
Fochmann, Martin; Haak, Marcel - 2015
We investigate the strategic decision making of audit firms in a tendering process. In particular, we are interested in how audit firms behave to acquire audit clients and which audit quality is ensured. Our main findings are manifold. First, if two big audit firms are competing, we do not...
Persistent link: https://www.econbiz.de/10011381683
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Compliance cost estimates: Survey non-response and temporal framing effects
Eichfelder, Sebastian - 2013
Due to empirical research, tax and accounting compliance costs are a considerable burden for private businesses. However, cost estimates may be biased due to survey nonresponse and questionnaire framing effects. This paper investigates the impact of both aspects on the estimated cost burden. I...
Persistent link: https://www.econbiz.de/10010323744
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Aggressive Reporting and Probabilistic Auditing in a Principles-Based Environment
Bijkerk, Suzanne H.; Karamychev, Vladimir A.; Swank, Otto H. - 2013
We analyze the reporting strategies of firms and the investigation strategies of auditors in an archetype principles-based financial reporting system. To this end, we add a verification stage to a standard cheap-talk game, and apply the resulting game to financial reporting. We show that for a...
Persistent link: https://www.econbiz.de/10010326418
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Do investors request advance tax rulings to alleviate tax risk (and do tax authorities provide them)? A joint taxpayers' and tax authorities' view on investment behavior
Diller, Markus; Kortebusch, Pia; Schneider, Georg; … - 2014
Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used to provide tax certainty. We analyze ATRs from the taxpayers' and tax authorities' perspectives. Investors request ATRs if the fee does not exceed a certain threshold. We integrate this finding into...
Persistent link: https://www.econbiz.de/10010368145
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External investigations and disciplinary sanctions against auditors: The impact on audit quality
De Fuentes, Cristina; Illueca, Manuel; … - In: SERIEs - Journal of the Spanish Economic Association 6 (2015) 3, pp. 313-347
In this paper, we provide empirical evidence for the impact of disciplinary sanctions imposed on Spanish auditing firms and their engagement partners. The disciplinary sanctions resulted from external investigations, which revealed misapplications of auditing standards. In particular, we...
Persistent link: https://www.econbiz.de/10011650306