The Impact Of Tax Services On Auditors Fraud Risk Assessments
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Author | : Michael Favere-Marchesi |
Publisher | : |
Total Pages | : |
Release | : 2006 |
Genre | : |
ISBN | : |
Download The Impact of Tax Services on Auditors' Fraud Risk Assessments Book in PDF, Epub and Kindle
This study examined whether providing tax services to an audit client affects auditors' fraud-risk assessment. A case was administered to audit partners and senior managers of small and medium-sized firms that provide both audit and tax services. Participants were asked to assess the risk of fraudulent financial reporting for a hypothetical audit client. The provision of tax services and the size of the client fees in relation to the audit partner's annual billings were varied and participants randomly assigned to three experimental conditions.Consistent with expectations, auditors whose firm also provided tax services to the audit client reported a significantly lower fraud-risk assessment than auditors whose firm provided no tax services to the audit client. Further, with the provision of tax services to the audit client, auditors' fraud-risk assessment was inversely related to the relative size of the client fees.
Author | : Munawer Sultan Khwaja |
Publisher | : World Bank Publications |
Total Pages | : 157 |
Release | : 2011-06-08 |
Genre | : Business & Economics |
ISBN | : 0821387545 |
Download Risk-Based Tax Audits Book in PDF, Epub and Kindle
"Revenue administration is a major interface between the state and its citizens. A good revenue administration is, therefore, an important attribute of good government. As a result, in recent years, policy makers have become increasingly aware of the importance of policies that will promote business development while ensuring voluntary tax compliance. In the modern context, it is neither desirable nor feasible to examine or inspect every single taxpayer. The revenue administration, therefore, has to rely on effective management of compliance. Promoting voluntary compliance, achieved through a self-assessment system in which taxpayers comply with their tax obligations without intervention from tax officials, requires developing modern approaches to audits based on risk management. The impact of audits critically depends on a properly designed audit selection strategy focused on high-risk taxpayers to provide the most cost-effective outcome. This, in itself, contributes to promoting voluntary compliance. Risk-based country audits: approaches and country experiences are an important study of this critical revenue function of compliance management."--Publisher's website.
Author | : Pailin Trongmateerut |
Publisher | : |
Total Pages | : 173 |
Release | : 2011 |
Genre | : Accounting fraud |
ISBN | : |
Download The Impact of Assessment Procedures and Need for Cognition on Fraud Risk Assessments Book in PDF, Epub and Kindle
Author | : Allen D. Blay |
Publisher | : |
Total Pages | : 29 |
Release | : 2007 |
Genre | : |
ISBN | : |
Download The Effects of Fraud and Going-Concern Risk on Auditors' Assessments of the Risk of Material Misstatement and Resulting Audit Procedures Book in PDF, Epub and Kindle
This study uses audit file data to analyze the association between the auditors' preliminary assessments of going-concern and fraud risk and the planning and performance of the financial statement audit. We analyze the association between the above risks and the auditor's assessment of the risk of material misstatement (RMM) within the revenue cycle, and examine whether going-concern and fraud risk assessments have an effect on the persuasiveness, timing and extent of audit evidence gathered. Our results indicate that both fraud risk and going-concern risk are significantly related to RMM. Our results also indicate that although the effect of fraud risk is fully mediated by the RMM, moderate going-concern risk remains significantly related to our proxies for the persuasiveness and timing of audit evidence, even after controlling for RMM.
Author | : Jacqueline S. Hammersley |
Publisher | : |
Total Pages | : 42 |
Release | : 2009 |
Genre | : |
ISBN | : |
Download The Influence of Documentation Specificity and Priming on Auditors' Fraud Risk Assessments and Evidence Evaluation Decisions Book in PDF, Epub and Kindle
The Public Company Accounting Oversight Board (PCAOB) recently suggested that auditors' lack of specific fraud planning documentation has led auditors to devote insufficient attention to fraud risks in subsequent audit work. Guided by Support Theory, we experimentally investigate how the specificity of fraud risk documentation during audit planning influences auditors' subsequent audit work. We also examine the effect of priming auditors about the fraud risks identified during planning before they begin subsequent evidence evaluation. We find that auditors' planning stage efforts do affect subsequent fraud risk assessments and evidence evaluation decisions. Unprimed auditors who receive more specific documentation increase their fraud risk assessments and evidence requests. Priming's effects are more complex. Priming auditors who receive summary documentation also increases fraud risk assessments and evidence requests; however, priming auditors who receive specific documentation reduces these judgments because the priming makes the client-specific risks seem less typical. Accordingly, the PCAOB's call for more documentation can have the unintended consequence of reducing auditors' sensitivity to fraud.
Author | : Leonard W. Vona |
Publisher | : Wiley |
Total Pages | : 0 |
Release | : 2008-04-25 |
Genre | : Business & Economics |
ISBN | : 9780470129456 |
Download Fraud Risk Assessment Book in PDF, Epub and Kindle
Providing a comprehensive framework for building an effective fraud prevention model, Fraud Risk Assessment: Building a Fraud Audit Program presents a readable overview for developing fraud audit procedures and building controls that successfully minimize fraud. An invaluable reference for auditors, fraud examiners, investigators, CFOs, controllers, corporate attorneys, and accountants, this book helps business leaders respond to the risk of asset misappropriation fraud and uncover fraud in core business systems.
Author | : Grace Ngonidzashe Mubako |
Publisher | : |
Total Pages | : 230 |
Release | : 2012 |
Genre | : |
ISBN | : |
Download The Effects of Contrasts in Account-level Fraud Risk Assessments on Auditors' Evidence Evaluation Book in PDF, Epub and Kindle
Evidence from research in psychology and auditor judgment has shown that perceptions that form early in a sequential judgment process can influence subsequent judgments. Auditing Standard 12 requires auditors to identify fraud risk factors and assess the risk of fraud as part of the process of assessing overall misstatement risk. While it is expected that fraud risk assessments should have a bearing on overall risk assessments, it is possible that perceptions formed from assessments of fraud risk can negatively affect the evaluation of any evidence reviewed thereafter. Because different classes of transactions may be affected by fraud risk factors in different ways, fraud risk assessments may differ across classes of transactions. These differences may make subsequent auditor judgments susceptible to the contrast effects bias, where subjects overreact to the differences such that the fraud risk assessments influence auditor judgment more than they should. This study examines whether auditors who learn that fraud risk is low for one class of transactions immediately after examining a class of transactions that has high fraud risk, can overreact to the contrast such that they reduce their sensitivity to evidence that suggests increased misstatement risk. The study also examines whether these contrast effects can be mitigated by acquiring information about fraud risk assessments later in the sequence of evidence, after auditors have reviewed and assimilated evidence related to other risks. The study finds that, as predicted, auditor judgments are influenced by contrast effects. Auditors who examined classes of accounts for which fraud risk assessments were different were less sensitive to evidence suggesting increased risk in accounts that had been identified as having low fraud risk. However, contrary to predictions, these contrast effects were not mitigated by evidence order.
Author | : Philip M J Reckers |
Publisher | : Elsevier |
Total Pages | : 287 |
Release | : 2006-07-04 |
Genre | : Business & Economics |
ISBN | : 0080463215 |
Download Advances in Accounting Book in PDF, Epub and Kindle
The twenty-second volume of Advances in Accounting continues to provide an important forum for discourse among and between academic and practicing accountants on issues of significance to the future of the discipline. Emphasis continues to be placed on original commentary, critical analysis and creative research – research that promises to substantively advance our understanding of financial markets, behavioral phenomenon and regulatory policy. Technology and aggressive global competition have propelled tremendous changes over the two decades since AIA was founded. A wide array of unsolved questions continues to plague a profession under fire in the aftermath of one financial debacle after another and grabbling with the advent of international accounting standards. This volume of Advances in Accounting not surprisingly includes several articles reflective on auditor independence, auditor tenure, auditor rotation and non-audit service fees. This volume also looks at challenges facing the academic community with respect to pressures placed on faculty to publish; a data driven commentary is provided by the in-coming editor of the European Accounting Review. Other papers examine the use of financial data to estimate risk premiums, and measure the operating efficiency of firms; and re-examine market reaction to quarterly earnings. AIA continues its commitment to the global arena by publishing several papers with an international perspective. As never before the accounting profession is seeking ways to reinvent itself and recapture relevance and credibility. AIA likewise continues to champion forward thinking research. *Addresses the role of the auditor *Investigates how financial data is represented, used, and received *Scope of content is international
Author | : Practitioners Publishing Co. Staff |
Publisher | : |
Total Pages | : |
Release | : 2004-05-01 |
Genre | : |
ISBN | : 9780764625091 |
Download PPC's Guide to Fraud Risk Assessment - Implementing SAS 99 and Related Guidance Book in PDF, Epub and Kindle
"If you provide audit services, you need this guide! This Guide provides an important new auditing standard in the accounting profession's efforts to help restore confidence in the nation's capital markete. This Guide has been."
Author | : Gabriel Uyumaz |
Publisher | : |
Total Pages | : |
Release | : 2015 |
Genre | : |
ISBN | : |
Download The Effect of Fraud Risk Assessment on Auditor's Fraud Judgment and Audit Plans Book in PDF, Epub and Kindle