{"title":"Bayesian and Belief-Functions Formulas for Auditor Independence Risk Assessment","authors":"R. Srivastava, Theodore J. Mock, Jerry L. Turner","doi":"10.1111/j.1099-1123.2009.00384.x","DOIUrl":"https://doi.org/10.1111/j.1099-1123.2009.00384.x","url":null,"abstract":"This paper illustrates two formulas for assessing independence risk based on the Bayesian and belief-functions frameworks. These formulas can be used to assess the role of threats to auditor independence as well as the role of threat-mitigating safeguards. Also, these formulas provide a basis for evaluation of an audit firm's independence risk and a framework to educate stakeholders about the threats faced by the audit firm and the role of effective safeguards in mitigating these risks. The formulas also provide a means for regulators and lawmakers to evaluate whether they have effective safeguards in place given the existence of threats and for auditors to signal to various stakeholders that they have identified significant threats and have effective safeguards in place. To show the potential usefulness of these analytical models, several illustrations addressing increased transparency and the potential impact of regulations are presented.","PeriodicalId":172735,"journal":{"name":"Wiley-Blackwell: International Journal of Auditing","volume":"70 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2009-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127653589","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Certified Public Accountant and Compensation: An Empirical Analysis","authors":"Glen D. Moyes, I. Hasan, F. Wulsin","doi":"10.1111/1099-1123.00060","DOIUrl":"https://doi.org/10.1111/1099-1123.00060","url":null,"abstract":"This paper investigates the relative importance of pertinent factors affecting the variability of the certified public accountant (CPA) income (salary) level based on 594 responses to a random survey—carried out with the assistance of the American Institute of Certified Public Accountants (AICPA)—of 2422 CPAs in the US. A simple regression analysis reveals that auditing experience, level of college education obtained, being married and prior success in fraud detection have a positive and significant influence on CPA income, while female and minority CPAs in addition to CPAs working in public accounting firms have negative and significant association. Interestingly, the influence of educational achievement is more applicable for the larger firms and the inverse relationship between female and minority CPAs does exist even after adjustment for educational level. However, once adjusted for the number of years of experience, the statistical significance and magnitude of the gender and minority parameters diminish. Finally, additional professional accounting certification and the size of the firm did not have any significant impact on the salary level.","PeriodicalId":172735,"journal":{"name":"Wiley-Blackwell: International Journal of Auditing","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1999-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117800078","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}