| Nama Pengarang | : | Supriyati, Hermawanto H.H, Iramani, Emanuel Kristijadi, Iskandar Alisjahbana, Umi Sundari, A. Cholis Hamzah, Rahmad Cahyadi, Sautma Ronni Basana, Wiwik Lestari, Guntari Hudiwinarti, Djuwari |
| Nama Majalah/Jurnal | : | - |
| Volume / Nomor Edisi | : | 2-1, - (No. 1) |
| Nomor Halaman | : | 41-48 |
| Abstraksi Narasi | : | Financial statement presented by the process of financial accounting is that of being based on the principle of acquisition price or historical cost which assumes that prices are fixed. In fact, price always changes, even tends to rise. For that reason, presenting the financial statement which is based on historical cost is assumed to be irrelevant for decision making. Another alternative is cost accounting hich is said to be a better report for both external parties and the internal management. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 137 - 152 |
| Abstraksi Narasi | : | We examine the effects of deregulation that introduced price competition in a municipal audit market. In 1993 Florida removed the competitive bidding restriction that prohibited disclosure of pricing information in the stages of auditor selection. This chage led to significant shifts in the audit market from big 6 firms toward established non-big 6 firms in the municipal market and reduced audit fees. if quality increases with auditor office experience in a given industry, then our results also suggest taht the primary effect of introducing price competition was to make quality audits more affordable. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 49 - 67 |
| Abstraksi Narasi | : | This study uses working paper data from 60 clients of U.S. Big 4 auditing firm to directly examine the influence of auditor-assessed management integrity on auditor`s assessments of risk of material misstatement, audit planning, and audit outcomes. We hypothesize that management integrity is related to preliminary risk assessments, and to the persuasiveness, timing, and extent of planned audit procedures. We also hypothesize that the management integrity assessment influences the auditor`s evaluation of source credibility of management provided evidence beyond its influence via risk assessments (Beaulie 2001). Finally, we expect the auditor`s management integrity assessment to be associated with the discovery of client misstatements. When we add management integrity to empirical models motivated by Mock and wright (1993, 1999), we find support for our hypotheses. hovewer, all but two hypothesized associations disappear when we add an indicator variable for prior-year errors. We continue to find that management integrity impacts the persuasiveness of evidence sought beyond what is suggested by the auditor`s risk assessment, interestingly, even after controlling for prior-year errors, we find an inverse association between the auditor`s assessment of management integrity and the likelihood of detecting misstatements, suggseting the management integrity assessment aids the auditor in ultimately discovering errors. the results support the importance of assessing management integrity in planning the audit and discovering misstatements. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 111 - 135 |
| Abstraksi Narasi | : | A number of recent studies examine whether the joint provision of audit and nonaudit services (NAS) impairs auditor independence, and yield mixed results. We examine whether investors perceive auditor independence as being impaired when auditors supply nonaudit services, by investigating the association between fee-based measures of nonaudit service purchases and the earnings response coefficient (ERC). We find that the nonaudit fee ratio and the level of nonaudit fees were negatively associated with ERCs in 2001. When we use unexpected fees ( a measure of over- or underpayment of nonaudit fees), we find a negative association between NAS purchases and ERC, but this occurs mainly in the second and third quarters following the release of the proxy. Further investigation reveals that the quareterly differences may be driven by the increasing flow of information (i.e., the first time disclosures of fees and media analyses of these disclosures) that became available to investors during our sample period. We speculate that, during the course of the year 2001, the increase in information allowed investors to engage in better comparative analyses of the fee disclosures. We interpret our results as indicating that investors did perceive NAS as impairing auditor independence. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 9 - 25 |
| Abstraksi Narasi | : | In FRR no. 68, the SEC (2003b) updated the rules related to the disclosure of fees paid to the independent auditor by requiring more detailed information about nonaudit fees. The SEC (2002, 2003b) asserted that the partition of nonaudit fees into the categories of audit-related, tax, and other fees would be useful for investors in assessing the suditor`s independence and in voting on ratifying the auditor, the SEC suggested that investors would view audit-related and tax services more favorably than "other nonaudit services. In this paper we test the SEC`s assertions by examining shareholder ratification votes, during 2003, at 248 of the S&P 1500 firms. Our results support the SEC`s assertion that investors would view audit-related fees differently than the other two types of nonaudit fees. However, contrary to the SEC assertion, both the tax fee ratio and the other fee ratio have a positive association with the proportion of votes against auditor ratification. the results related to tax fees provide empirical support to the PCAOB`s recent initiative to examine the association between tax services and auditor independence. Our results can be useful for client managements and audit commitees considering purchases of nonaudit services from auditors. Our findings also suggest that it may be useful to replicate some prior studies (that use a single measure of nonaudit fees) using the newer, more finely partitioned, fee data |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 27 - 48 |
| Abstraksi Narasi | : | THIS STUDY EXAMINES (1) The association between agency costs and audit procurement practices, and (2) the association between audit-procurement practices, audit quality, and audit fees. Improved audit procurement has been promoted as a mechanism for improving audit quality, particularly in the public sector where auditor moral hazard problems have historically existed. Using a sample of municipal organizations, we find evidence that cities facing higher levels of agency costs, and cities that rey more on their external auditors to relieve such costs, tend to have better developed audit-procurement practices. We also find evidence that well-developed audit-procurement practices (and individual audit-procurement elements), are associated with the hiring of auditors who have higher levels of industry experience suggestive of higher audit quality. finally, we find evidence suggesting that welldeveloped audit-procurement practices have a minimal combined effect on audit fees, however, individual audit-procurement elements are associated with audit fees. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 153 - 187 |
| Abstraksi Narasi | : | There has been a renewed interest in the concept of materiality motivated by concerns at the securities and exchange commission, the Sarbanes-Oxley Act, and the auditing standards board and international auditing and assurance standards boards issuance of proposed standards on materiality. this paper; (1) reviews and integrates the empirical research on materiality since 1982, and (2) suggests some implications of this research for audit practice and research. the review indicates that while many issues related to materiality have been addressesd by prior research,a number of new and important areas are in need of further examination. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 69 - 84 |
| Abstraksi Narasi | : | We investigate auditor error projection decisions based on a sample of audit sampling applications collected from the inventory and accounts receivable work-papers from three large firms for audits during 1994 and 1999. We find an overall decline in the rate of error projection, consistent with the argument that audit quality declined during the period. Error projection rates declined for both big 5 firms in the sample, but increased for the non-big 5 regional firm. The results also suggest significant individual firm changes in the treatment of nonprojected errors. the use of immateriality as a justification to not project errors increased significantly for one of the firms in our sample and decreased significantly for another firm. The use of containment procedures to resolve large audit differences increased significantly for one firm in our sample. Individual firm differences in error projection and use of immaterality and containment procedures appear to be sensitive to the review process and individual audit firm characteristics. these results indicate that certain audit judgements differ among firms and within firms across time. |
| Nama Pengarang | : | Neil L. Fragher...[et.al.], Robert D. Allen, Randal J. Elder, William F. Messier, Aasmund Eilifsen, Nonna Martinov-Bennie, Jeff L. Payne, Jensen, Kevan L. , Rama, Dasaratha V., Suchismita Mishra, Heibatollah Sami, Krishnan, Jayanthi, Yinqi Zhang, Timothy G. Kizirian...[et.al.], Jeff L. Payne, Jensen, Kevan L. |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 85 - 110 |
| Abstraksi Narasi | : | This paper applies the models of Gibbins and Trotman (2002) and rich et.al. (1997a) in a public sector environment. We consider the factors impacting extent of review, level of stylization, and styles. We also examine the impact of reviewer rank on the above. In a field-based study we found that variation in review hours was due to both individual reviewer factors (reviewer style) and contextual factors (company size, time pressure, attitude of the reviewer to detail). Overall these results support the general robustness of the Gibbins and Trotman (2002) model to a public sector environmet involving very experienced seniors and managers. following the rich et al. (1997a) framework we also provide evidence on the extent and types of stylization in the review process. Seniors and managers believed that the focuses of different reviewers differed substantially and that they stylized both the presentation and content of the working papers to accomodate these differences. While the evidence on their stylization was strong, their awareness of stylization by preparers for them was weaker. We also found significant differences between senior and manager reviewers including their extent of review, expectations of the perceived emphasis of the review level above, relative time spent on opinion formation and documentation, and the extent of their responses to reviewers preferences. Finally, we provided a range of additional insights into reviewer style. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 21 - 35 |
| Abstraksi Narasi | : | The intense legislative and media scrutiny after a series of high-profile corporate failures, coupled with the paradigm shift in the regulation of the auditing profession brought forth by the Sarbanes-Oxley Act, suggests that auditors decisions would be more conservative in the period after December 2001. Based on analyses of 226 financially stressed companies that entered bankruptcy during the period from 2000 to 2003, we fin that auditors are more likely to issue going-concern modified audit opinions in the period after December 2001. Since the post-December 2001 period coincides with recovery from a recession in the U.S., we also examine prior audit opinions for 93 companies entering bankruptcy in 1991 and 1992. We find that auditors were also more likely to issue prior going-concern modified audit opinions in 2002-03 than in the earlier recession recovery period. Following the technique used in Francis and Krishnan (2002), we document that the increase in going-concern modification rates for bankrupt companies after December 2001 is due to changes in auditor reporting decisions and not solely due to differences in client characteristics between the time periods studies. |
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