In audit testing scenarios, the question arises as to the appropriate way to combine or aggregate the evidence gathered from separate tests of sub-populations into an overall conclusion about the amount of audit risk being borne - that is, the risk of a material amount of misstatement remaining...

We utilize a single period model to investigate the tradeoffs that management might make when faced with the necessity of disclosing the quality of the internal control over financial reporting (henceforth ICOFR) and the outcomes that would result from such tradeoffs. Our analysis indicates that...

When an auditor's effort is not observable, auditor liability becomes an important mechanism for motivating the auditor to exert an appropriate level of audit effort. However, while the presence of legal liability helps to preserve the value of an audit to investors, some aspects of the...

This study investigates how students incorporate information integrity impairments into judgments and judgment confidence. The effects of four information integrity attributes (completeness, currency, accuracy and authorization) were examined. Our results show that accounting students...

The Sarbanes-Oxley Act (SOX) mandates the assessment of internal controls over financial reporting and many organizations are using diagrams to express their internal control processes. While educators regularly stress the effectiveness of diagrammatic representation of process information over...