Höfmann, Michelle ; Pott, Christiane ; Quick, Reiner (2023)
The impact of changes to auditors' reporting and audit committee strength on bank directors' perceptions and decisions: An experimental investigation.
In: International Journal of Auditing, 28 (2)
doi: 10.1111/ijau.12308
Article, Bibliographie
This is the latest version of this item.
Abstract
This study investigates the impact of two changes to the auditor's report — a separate section addressing going concern uncertainties (GCU section [GCUsec]) and information on management and auditor responsibilities — and the characteristics of the audit committee on bank directors' perceptions and decisions. In a 2 × 2 × 2 between‐subjects experimental design with 85 German bank directors, we observe that a GCUsec in the auditor's report leads to more unfavourable decisions. Contrarily, explanations of responsibilities and different characteristics of the audit committee do not significantly impact on bank directors' perceptions and decisions. We thus confirm the effectiveness of the International Auditing and Assurance Standards Board (IAASB)'s revision of the International Standard on Auditing (ISA) 570 to enhance the informational value and decision usefulness of the auditor's report.
| Item Type: | Article |
|---|---|
| Erschienen: | 2023 |
| Creators: | Höfmann, Michelle ; Pott, Christiane ; Quick, Reiner |
| Type of entry: | Bibliographie |
| Title: | The impact of changes to auditors' reporting and audit committee strength on bank directors' perceptions and decisions: An experimental investigation |
| Language: | English |
| Date: | 4 May 2023 |
| Place of Publication: | Oxford |
| Publisher: | Wiley-Blackwell |
| Journal or Publication Title: | International Journal of Auditing |
| Volume of the journal: | 28 |
| Issue Number: | 2 |
| DOI: | 10.1111/ijau.12308 |
| URL / URN: | https://onlinelibrary.wiley.com/doi/10.1111/ijau.12308 |
| Abstract: | This study investigates the impact of two changes to the auditor's report — a separate section addressing going concern uncertainties (GCU section [GCUsec]) and information on management and auditor responsibilities — and the characteristics of the audit committee on bank directors' perceptions and decisions. In a 2 × 2 × 2 between‐subjects experimental design with 85 German bank directors, we observe that a GCUsec in the auditor's report leads to more unfavourable decisions. Contrarily, explanations of responsibilities and different characteristics of the audit committee do not significantly impact on bank directors' perceptions and decisions. We thus confirm the effectiveness of the International Auditing and Assurance Standards Board (IAASB)'s revision of the International Standard on Auditing (ISA) 570 to enhance the informational value and decision usefulness of the auditor's report. |
| Uncontrolled Keywords: | auditor's report, bank director, going concern uncertainty |
| Divisions: | 01 Department of Law and Economics 01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete 01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete > Fachgebiet Rechnungswesen, Controlling und Wirtschaftsprüfung |
| Date Deposited: | 05 May 2023 09:32 |
| Last Modified: | 18 Jul 2024 10:27 |
| PPN: | 507523091 |
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| Suche nach Titel in: | TUfind oder in Google |
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The impact of changes to auditors' reporting and audit committee strength on bank directors' perceptions and decisions: An experimental investigation. (deposited 17 Jun 2024 12:32)
- The impact of changes to auditors' reporting and audit committee strength on bank directors' perceptions and decisions: An experimental investigation. (deposited 05 May 2023 09:32) [Currently Displayed]
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