The objective of this research is to articulate a decision-making foundation for the systems audit approach. Under this audit approach, the auditor first gains an understanding of the audited economic environment, strategy, and business processes and then forms expectations about its...

Social, economic, and organizational development require a degree of stable policy making. The instability of group decision making under majority rule has preoccupied social theorists since Condorcet in the late 18th century. In theory, subtle institutional modifications to pure majority rule...

Social and economic development requires some degree of stable policy making. The instability of group decision making under majority rule ahs preoccupied social theorists since Condorcet. In theory, subtle institutional modifications to pure majority rule should induce stability. This paper...

We develop a measure to capture an audit firm's competitive position in a local audit market based on the transaction costs of changing audit firms included in DeAngelo's (1981) multi-period audit pricing model. Our competition measure reflects the size difference between the largest audit firm...