International Journal of Auditing最新文献

{"title":"Internal audit: A case study of impact and quality of an internal control audit","authors":"Leif Christensen","doi":"10.1111/ijau.12280","DOIUrl":"10.1111/ijau.12280","url":null,"abstract":"<p>Traditionally, when companies needed assistance regarding internal controls, they turned to an external auditor (EA). However, now, due to an ongoing tightening of legal requirements and practices regarding the independence of EAs, this assistance has been restricted. As an alternative, companies are increasingly requesting internal audits to deliver this support. Even though internal audit function (IAF) are an important player in internal control, however, there is little academic knowledge about their impact. Based on a single-case study in a large financial institution, this paper explores to what extent and how IAF affect internal controls. Furthermore, it assesses whether IAF add value to the company. The results suggest that the management letter process, including a step-by-step settlement of interactions, leads to a joint problem solving, an acceptance of all IAF's recommendations and a value-adding outcome improving the level of internal controls.</p>","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":"26 3","pages":"339-353"},"PeriodicalIF":2.0,"publicationDate":"2022-05-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ijau.12280","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42933175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The gender‐diverse audit committee and audit report lag: Evidence from China","authors":"R. Alkebsee, Ahsan Habib, H. Huang, G. Tian","doi":"10.1111/ijau.12278","DOIUrl":"https://doi.org/10.1111/ijau.12278","url":null,"abstract":"This study investigates the relationship between gender-diverse audit committees and audit report lag. We examine a sample of Chinese listed companies during the period 2010 – 2018 and document a negative relationship between gender-diverse audit committees and audit report lag. This is consistent with the premise that a gender-diverse audit committee is able to better monitor the preparation of financial reports, communicate better with auditors in resolving disagreements between management and auditors and facilitate a more efficient audit engagement, thereby shortening the audit report lag. In additional analysis, we find that female audit committee members possessing professional accounting qualifications and accounting work experience are associated with shorter audit report lag.","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2022-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47611938","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"PCAOB international inspections: Updates and extensions","authors":"P. K. Hong, David S. Kerr, C. Wiggins","doi":"10.1111/ijau.12277","DOIUrl":"https://doi.org/10.1111/ijau.12277","url":null,"abstract":"","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":" ","pages":""},"PeriodicalIF":2.0,"publicationDate":"2022-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42345152","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The UK government audit reforms fail to deal with the audit crisis","authors":"Prem Sikka","doi":"10.1111/ijau.12270","DOIUrl":"10.1111/ijau.12270","url":null,"abstract":"<p>This paper is a brief commentary upon the recent auditing reforms proposed by the government and a number of state-sponsored reports. It argues that the government proposals fail to tackle the recurring faultlines in external audits.</p>","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":"26 1","pages":"54-57"},"PeriodicalIF":2.0,"publicationDate":"2022-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49242853","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Editorial: Special issue on the future of audit—A collection of personal reflections","authors":"Ilias G. Basioudis","doi":"10.1111/ijau.12274","DOIUrl":"10.1111/ijau.12274","url":null,"abstract":"","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":"26 1","pages":"1-3"},"PeriodicalIF":2.0,"publicationDate":"2022-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47677845","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"2021 reviewers","authors":"","doi":"10.1111/ijau.12272","DOIUrl":"https://doi.org/10.1111/ijau.12272","url":null,"abstract":"","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":"26 1","pages":"58-59"},"PeriodicalIF":2.0,"publicationDate":"2022-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"137632500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The future of external audit: Issues and questions","authors":"Jim Peterson","doi":"10.1111/ijau.12267","DOIUrl":"10.1111/ijau.12267","url":null,"abstract":"","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":"26 1","pages":"14-17"},"PeriodicalIF":2.0,"publicationDate":"2022-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45783397","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"When no one is watching: Reflections on trust and transparency in auditing","authors":"Amir Ghandar","doi":"10.1111/ijau.12261","DOIUrl":"10.1111/ijau.12261","url":null,"abstract":"","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":"26 1","pages":"37-40"},"PeriodicalIF":2.0,"publicationDate":"2022-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47014878","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Can prohibitions of non-audit services and an expanded auditor liability improve audit quality?","authors":"Reiner Quick","doi":"10.1111/ijau.12268","DOIUrl":"10.1111/ijau.12268","url":null,"abstract":"&lt;p&gt;Law entrusts auditors to conduct statutory audits. They fulfil a societal role in providing an opinion on the truth and fairness of the financial statements of audited entities and reducing the risk of misstatement. The purpose of an audit is to enhance the credibility of financial reports prepared by management (Watts &amp; Zimmerman, &lt;span&gt;1986&lt;/span&gt;). Thereby, audits contribute to financial stability, trust and market confidence in the economy by protecting investors from agency risk, which in turn reduces the cost of capital for companies (European Commission, &lt;span&gt;2010&lt;/span&gt;). To fulfil this function, auditors need to provide an adequate service quality. According to the generally accepted definition of DeAngelo (&lt;span&gt;1981&lt;/span&gt;), audit quality is the market-assessed joint probability that an auditor will discover material misstatements (auditor competence) and report them (auditor independence). This definition stresses that providing a high factual audit quality is insufficient but that users must also perceive audit quality as appropriate. Accounting scandals like Carillion, a UK construction and facility services company, or Wirecard, a German fintech company, raise public suspicion of auditing failures and result in regulatory initiatives, which seek to improve audit quality.&lt;/p&gt;&lt;p&gt;In the UK, the regulatory response mainly focused on expanding the prohibition of non-audit services (NAS) by audit firms (Department for Business, Energy, &amp; Industrial Strategy, &lt;span&gt;2021&lt;/span&gt;). The provision of NAS to a public-interest entity (PIE) audit client is now limited to services regarding legally required reports and audit-related services (FRC, &lt;span&gt;2019&lt;/span&gt;). Moreover, the Big 4 audit firms have to operationally separate their audit and NAS practices by 30 June 2024 (FRC, &lt;span&gt;2020&lt;/span&gt;). The latter should ensure a focus on audit quality and protect auditors from influences from the NAS practice. The UK regulator even considered an audit-only firm approach, which would have resulted in a spin-off of UK audit firms' consulting arms (Marriage, &lt;span&gt;2018&lt;/span&gt;). The German legislator, who originally made use of the European Union (EU) Member State option to allow certain tax and valuation services from the blacklist of prohibited NAS, just recently reversed this decision in response to the Wirecard scandal. More importantly, Germany significantly increased the existing liability caps in case of negligent misconduct. In audits of PIEs, auditor liability is now unlimited in cases of gross negligence. The EU also considers eliminating or setting more appropriate liability caps (Council of the European Union, &lt;span&gt;2021&lt;/span&gt;).&lt;/p&gt;&lt;p&gt;From a theoretical point of view, the joint provision of audit and NAS exerts opposing effects on audit quality, and the overall impact remains unclear. The provision of NAS to audit clients may improve auditor's ability to detect material misstatements through knowledge spillovers (Arruñada, &lt;span&gt;","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":"26 1","pages":"18-22"},"PeriodicalIF":2.0,"publicationDate":"2022-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ijau.12268","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41917233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Securing investor trust: Four elements for effective audit reform","authors":"John Boulton","doi":"10.1111/ijau.12260","DOIUrl":"10.1111/ijau.12260","url":null,"abstract":"","PeriodicalId":47092,"journal":{"name":"International Journal of Auditing","volume":"26 1","pages":"41-43"},"PeriodicalIF":2.0,"publicationDate":"2022-03-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41979853","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}