Audit Quality in Practice: A Study of Perceptions of Auditors, Audit Committee Members and Quality Inspectors
- Noor Adwa Sulaiman
- Alliance Manchester Business School
Student thesis : Phd
| Date of Award | 1 Aug 2013 |
|---|---|
| Original language | English |
| Awarding Institution | |
| Supervisor | (Supervisor) & Mahbub Zaman (Supervisor) |
- Audit committee members
- Quality inspectors
- Audit quality
- Symbolic interactionist
- Perceptions
File : application/pdf, -1 bytes
Type : Thesis
- Help & FAQ
Four essays on the quality of auditing: Causes and consequences
- Center Ph. D. Students
- Research Group: Accounting
Research output : Thesis › Doctoral Thesis
| Original language | English |
|---|---|
| Qualification | Doctor of Philosophy |
| Awarding Institution | |
| Supervisors/Advisors | , Promotor , Promotor |
| Award date | 5 Oct 2022 |
| Place of Publication | Tilburg |
| Publisher | |
| Print ISBNs | 9789056686888 |
| DOIs | |
| Publication status | Published - 2022 |
Access to Document
- 10.26116/9df4-6s11
- TiU_220287_CeNTER_Proefschrift Sytse Duiverman_digitaal Final published version, 4.45 MB
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- Audit Firms Keyphrases 100%
- Personality Characteristics Keyphrases 100%
- Professional Reputation Keyphrases 100%
- Public Utilities Social Sciences 100%
- Public Service Economics, Econometrics and Finance 100%
- Auditors Keyphrases 66%
- Economic Concepts Keyphrases 66%
- Audit Quality Keyphrases 66%
T1 - Four essays on the quality of auditing: Causes and consequences
AU - Duiverman, Sytse
N2 - The four essays collected in this PhD thesis describe diverse research studies sharing a central theme: causes and consequences of audit quality issues. The first essay uses the economic concepts of resource based theory, to describe the effect of audit regulation on resource barriers at the level of the audit industry and the audit firm. The essay indicates that barriers made to enhance audit quality, can have negative side-effects, as, over time, especially large audit firms, became more reliant on less experienced staff resources, to meet the regulated (high) demand for audit services. The second essay uses an economic concept applied in environmental economics, ‘the tragedy of the commons’, to analyse the causes potentially leading to a shredded professional reputation. The essay shows that professional reputation is an important common resource in the audit profession, and describes how short-termism by individuals can in the long-run lead to the deterioration of professional reputation. The paper suggests solutions to avoid these problems. The third essay researches which personality characteristics, first, drive a student’s preference for a master in accounting. Furthermore it researches which personality characteristics drive a person’s preference to engage in either public service activities or entrepreneurship. As auditors fulfil an important public function in a commercial environment, this essay researches if the personality characteristics of accounting students either match those of persons with a high public service motivation or those with entrepreneurial ambitions. The paper gives insights about the motivations of future auditors. The final and fourth essay is an extension of the third essay, as it uses a public goods game as an experiment, to research the effect of personality on a person’s behaviour. A public goods game challenges a participant to invest in a shared project even if this is at the expense of his or her individual welfare. The essay shows that especially persons with a high public service motivation are willing to do so, and as such will less likely create a common problem. The findings from the paper may have practical implications for HR policies within audit firms or provide insights to universities when they develop their education programs.
AB - The four essays collected in this PhD thesis describe diverse research studies sharing a central theme: causes and consequences of audit quality issues. The first essay uses the economic concepts of resource based theory, to describe the effect of audit regulation on resource barriers at the level of the audit industry and the audit firm. The essay indicates that barriers made to enhance audit quality, can have negative side-effects, as, over time, especially large audit firms, became more reliant on less experienced staff resources, to meet the regulated (high) demand for audit services. The second essay uses an economic concept applied in environmental economics, ‘the tragedy of the commons’, to analyse the causes potentially leading to a shredded professional reputation. The essay shows that professional reputation is an important common resource in the audit profession, and describes how short-termism by individuals can in the long-run lead to the deterioration of professional reputation. The paper suggests solutions to avoid these problems. The third essay researches which personality characteristics, first, drive a student’s preference for a master in accounting. Furthermore it researches which personality characteristics drive a person’s preference to engage in either public service activities or entrepreneurship. As auditors fulfil an important public function in a commercial environment, this essay researches if the personality characteristics of accounting students either match those of persons with a high public service motivation or those with entrepreneurial ambitions. The paper gives insights about the motivations of future auditors. The final and fourth essay is an extension of the third essay, as it uses a public goods game as an experiment, to research the effect of personality on a person’s behaviour. A public goods game challenges a participant to invest in a shared project even if this is at the expense of his or her individual welfare. The essay shows that especially persons with a high public service motivation are willing to do so, and as such will less likely create a common problem. The findings from the paper may have practical implications for HR policies within audit firms or provide insights to universities when they develop their education programs.
U2 - 10.26116/9df4-6s11
DO - 10.26116/9df4-6s11
M3 - Doctoral Thesis
SN - 9789056686888
T3 - CentER Dissertation Series
PB - CentER, Center for Economic Research
CY - Tilburg
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Audit Manager - Data Quality
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Job Description: As a member of the Data Quality (DQ) Audit team, the candidate will execute audit programs designed to measure and report on data risk across the enterprise. Will act as a senior resource and will lead audit engagements and guide junior team members. Will provide independent analysis of control effectiveness based on regulatory requirements, industry best-practices, and company policies & standards. Demonstrates strategic thinking and supports change. Executes audit testing is done timely and within conformance to audit policies, standards, and procedures. Drafts quality and timely audit reports and shares results with Technology leaders. Manages Technology partner relationships when conducting specific audits; Exercises critical thinking and judgment to effectively influence management to improve the control environment. When leading an audit engagement, is responsible for day to day coaching, mentoring, and performance feedback. Fosters an inclusive work environment.
Responsibilities:
Responsible for developing, leading, and executing an audit program designed to independently validate the completeness and accuracy of data across the enterprise. Typically works on projects of moderate to high complexity that would involve learning, as candidate will be responsible for testing the completeness and accuracy of data from point of origin, to systems of record, through business use (e.g. reporting) by independently querying systems data. Should have the ability to perform high quality, risk-focused fieldwork, in accordance with Corporate Audit methodologies and standards in order to identify meaningful issues, risks and other exposures as it relates to data and as outlined in the Enterprise Data Management standard.
Candidate will create / maintain accurate and clear work documents and is expected to complete tasks efficiently (on time and accurately). Also, will work with team to provide input to draft quality audit reports and supports sharing audit results with business leaders. Exercises critical thinking and judgment to effectively influence management to improve the control environment. Actively supports peers and audit team with development as part of on the job training during audit execution. Fosters a positive and inclusive work environment. Assists with the ownership of key regulatory matters related to data management. Strong problem solving, critical thinking, communication and project management skills are required
- Analytical Thinking
- Audit Planning
- Internal Audit Review
- Issue Management
- Risk Management
- Business Acumen
- Project Management
- Relationship Building
- Written Communications
- Attention to Detail
- Critical Thinking
- Technical Documentation
Required Qualifications
- College degree required or equivalent work experience
- Minimum 4+ years of Audit, Risk, Data or other relevant experience
- 4+ years of prior data experience (i.e. analytics; data mining; automation)
Desired Qualifications
- Knowledge of Bank of America business processes and application systems
- Analytical / Automation Skills (i.e., SQL, Alteryx, Excel)
- Advanced degree or certifications (i.e., CIA, CISA)
- Technology risk and/or Information Technology experience
- Project management experience
Hours Per Week:
Weekly Schedule:
Referral Bonus Amount:
Pay Transparency details
Hours Per Week:
Learn more about this role
JR-24039674
Manages People: No
Travel: Yes, 10% of the time
Connecticut pay range:
$115,600.00 - $157,000.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
Rhode Island pay range:
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- Financial Economics
The impact of audit quality and on financial statement comparability
- August 2020
- SRPH Journal of Applied management and Agile Organisation 2(3):17-26
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My thesis is that audit quality is ultimately about the quality of the client's audited financial statements on which the auditor opines in the audit report. In most audits, the auditor issues a standard clean opinion, and this is probably the 'correct' audit report in a binary sense, i.e. clients do not fail or engage in fraudulent ...
quality by means of five factors that could drive audit quality in practice: (1) leadership, (2) people, (3) working practices, (4) monitoring quality. practices, and (5) clien t relationships ...
The literature largely recognizes the multi-faceted nature of audit quality, which cannot be simply measured by a focus on adverse outcomes, such as restatements or fraud incidents. Instead, it is ...
7.2 Meanings of Audit Quality in Practice 175 7.3 Factors Influencing Audit Quality in Practice 179 7.4 The Level of Audit Quality Attained in Practice 188 7.5 Summary and Conclusions 193 Chapter 8: Conclusion 195 8.0 Introduction 195
sociation betweeninternal control quality an. audit quality. First, we examine the ex. stence and relevanceof internal control weakn. he consequen. es of audit failure for both the auditor and theclient firm. Finally, we ana. yze the role of financial analysts as a potential informationsource for audito. to.
Abstract: The paper aim is to evaluate the current literature on audit quality. To satisfy the aim, the author. conducting this research. Additionally, "audit quality", "definition ...
Essays on Audit Quality. PhD dissertation. Qing Kovarik. Aarhus BSS, Aarhus University. Department of Economics and Business Economics. 2023. ii. Preface. This dissertation was written between September 2019 and August 2022, when I was a PhD student at the Department of Economics and Business Economics at Aarhus University.
The aim of this thesis is to provide insights into what the concept of audit quality means for a number of parties who have responsibilities for delivering, commissioning or evaluating audit quality in practice - auditors, AC members and quality inspectors concerning. ... the study describes the multifaceted meaning of audit quality and how ...
enhancing audit quality and disclosure quality, using two sources of motivation. One mo-tivation comes from prior literature that having better disclosure and audit quality boosts M&A proceeds. As PE's objective function is to maximize exit proceeds upon exit of its
Audit quality is improved if material misstatements are detected and reported (or corrected). A failure to detect or report (or correct) a material misstatement or errors in the financial report before issuing an unqualified audit report impairs audit quality. In recent years a number of threats to audit quality have been identified.
er gender, busyness, education and Big Four experience. Using a unique sample of 203 audit partner names disclosed in the PCAOB, this thesis finds evidence that audit partner characteristics. are associated with audit quality in the United States. This effect has not been identified in previous studie. on partner characteristics in the United ...
The audit committee has responsibility for ensuring that an audit agreement is entered into between EA and IAF. According to the audit agreement, the internal control audit and the related management reporting are the responsibility of IAF, as is traditional (Arena & Sarens, 2015). In contrast, the audit of the financial statement is performed ...
what audit quality is really all about. It is the quality of the audit report that matters,not the audit process, per se. My thesis is that audit quality is ultimately about the quality of the client's audited financial statements on which the auditor opines in the audit report. In most audits, the auditor issues a
responsibilities. In addition, internal audit is required to increase responsibilities that are crucial to the support of the management and the audit committee. 1.1.1 Internal Audit Quality According to DeAngelo (1981 ), internal audit quality is the combined possibility that an auditor will become aware of and account for material misstatement.
The three essays collected in this dissertation relate to the microfoundations of audit quality. The first essay shows how auditors prioritize easy tasks and how this affects their judgment performance, and by extension audit quality. The second essay deals with how auditors learn in the workplace. The third essay investigates how auditors ...
The evaluation of the audit quality is a current topic, taking into account that the increase of the. information volume which can be found in the f inancial statements, requires a high effort to ...
N2 - The four essays collected in this PhD thesis describe diverse research studies sharing a central theme: causes and consequences of audit quality issues. The first essay uses the economic concepts of resource based theory, to describe the effect of audit regulation on resource barriers at the level of the audit industry and the audit firm.
This paper aims to investigate the impact of audit quality on firm performance. The focus is on 2051 North-American listed corporations on a time span from 2001-2018. A two-step approach is followed in order to estimate the impact. The first stage estimates audit quality as the residuals of a regression of audit fees on size, risk, complexity ...
literature on earnings management and audit quality. The association between earnings management and audit quality is investigated primarily by a new measure of audit quality and a new probit model. The tests of the probit model cover time-series data from 1992 to 2011 for 2,148 listed companies in Indonesia, Malaysia, the Philippines ...
determinants of external audit quality: the case of private audit firms a thesis submitted to the department of accounting and finance addis ababa university college of business and economics presented in partial fulfillment of the requirements for the award of the degree of master ofscience in accounting and finance by: nafkot assefa
This thesis investigates the possible effects of disclosure and audit partner characteristics on audit quality. Due to the implementation of Rule 3211 of the PCAOB in the United States, the ... audit quality, it is possible for regulators to adjust new regulations to further improve overall audit quality. Key words: audit, audit partner, audit ...
The results of this synthesis show that internal audit quality and financial performance are two widely debated research areas of research that are characterized by heterogeneity of theories and ...
The future of audit technology is here. Thomson Reuters Audit Intelligence, a suite of AI-powered audit solutions, is here to transform audit practices by reducing errors and enabling auditors to realize efficiency gains.. Audit Intelligence Analyze, the first tool in the suite, uses AI and machine learning to ingest and analyze large volumes of data, automating and enhancing risk analysis ...
As a member of the Data Quality (DQ) Audit team, the candidate will execute audit programs designed to measure and report on data risk across the enterprise. Will act as a senior resource and will lead audit engagements and guide junior team members. Will provide independent analysis of control effectiveness based on regulatory requirements ...
Audit quality is an important issue in t he world today And the impact of. audit quality on a variety of factors discussed in the effect of audit quality on. the comparability o f financial ...
The Quality Assurance GxP accountabilities are split between the QA teams as below:· Audit team - GCP, GVP, GRP, including strategy where applicable. LabsQA team - GLP, HBS, GLS, ISO 17025, CLIA including strategy. Audit. Plans, leads, conducts and reports audits in assigned GCP areas, such as investigator site and/or project audits