This study explores the most recent episode in the evolution of audit technology, namely the incorporation of Big Data and Data Analytics (BDA) into audit firm approaches. Drawing on twenty-two interviews with individuals with significant experience in developing, implementing or assessing the...

The National Audit Office of the People's Republic of China issued thirty eight auditing standards and guidelines on 1 January 1997. This was the culmination of a variable historical development during which audit activity was either emphasized or downplayed altogether. With the open door policy...

The National Audit Office of the People's Republic of China has taken a giant leap forward in 1997 by issuing 38 auditing guidelines for the government audits. This is a step forward to harmonize audit processes and procedures throughout the country, and an attempt to harmonize with...

Risk is closely associated with return of investments and materiality. Investments with considerably higher risk normally attract a higher rate of return. Whereas, higher level of risk needs a higher threshold of materiality. There are occasions in which financial managers, fail to take the...

High-profile fraud cases have continued to make the news over the past few years. But exactly what are auditors' responsibilities when it comes to detecting fraud? The author of this article reveals that the auditing profession has come full circle-from being responsible to not being responsible...

The tone of our paper oscillates between pessimism and optimism as, although we will attempt to outline the necessity for this field of activity, we will not omit the sad state of technological growth/development in the Romanian businesses, all within the context of an accelerated/rapid...

The tone of our paper oscillates between pessimism and optimism as, although we will attempt to outline the necessity for this field of activity, we will not omit the sad state of technological growth/development in the Romanian businesses, all within the context of an accelerated/rapid...

We examine how Big N auditors' changing incentives impact their comment-letter lobbying on U.S. GAAP over the first thirty-four years of the FASB (1973-2006). In particular, we focus on the influence of auditors' lobbying incentives arising from two basic factors: managing expected litigation...

This paper examines possible differences in auditors' performance when they make belief based versus probability-based risk assessments by focusing on two phases of the financial statement audit process: the assessment of two attributes of audit evidence (‘strength' and ‘direction') and the...

This paper studies the effect of tax advice expenses and the auditor on the effective tax rate for large Belgian firms. Moreover, we analyze how this relation changes when the corporate governance code was implemented in 2003. Following the Sarbanes Oxley Act of 2002, Belgium approved a similar...