| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 37-51 |
| Abstraksi Narasi | : | This study investigates voluntary demand for auditing by family businesses, a significant but relatively unexplored segment of the economy. The paper considers demand for both internal and external auditing by using survey data to investigate the impact of firm characteristics linked to the cost vs. benefit of enganging an auditor. Variables examined are firm size, debt, and two agency proxies that measure separation of ownnership and control, namely, the proportion of nonfamily management in the firm, and the proportion of nonfamily representation on the board of directors. The paper also considers the association between internal and external auditing. Descriptive results on voluntary demand for auditing by 186 family businesses revealed that internal audit was more prevalent than external audit, and outsourcing was a common method for providing internal audit. Results from logistic regression analyses provide support for the hypothesized impact of the two agency proxies and firm debt on demand for external audit, but do not explain the demand for internal audit. For firms that voluntarily enganged an auditor (internal and/or external audit), the negative and significant correlation between internal and external audit suggest that in the family business environment they are more commonly viewed as substitute rather than complementary responses. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 23-35 |
| Abstraksi Narasi | : | Changes in the provisions of the United States Banking Act of 1933 have allowed the entry of commercial banks into the initial public offering (IPO) underwriting market. In this paper, we examine the effect of commercial bank equity underwriting on the fees paid to auditors, we predict that IPO assurance fees will be higher for equity offerings underwritten by commercial banks than for offerings handled by traditional underwritters because (1) commercial banks are relatively inexperienced in bringing firms public, requiring additional assistance from accounting firms in the IPO process; (2) new entrants into the underwriting market may manage lower quality issues that require additional assurance services; and/or (3) since commercial banks have greater resources than do traditional investment banks, they are likely to be exposed to greater litigation risk, providing incentives for commercial bank underwritters to ensure that the IPO firm purchases greater assurance from the auditor. However, we expect fees to decrease if a previous lending relationship existed between the commersial bank and its client. Our findings, based on a sample of issues brought to market between 1991 and 1997, support these expectations. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 5-22 |
| Abstraksi Narasi | : | The objective of this study is to assess the impact of electronic commerce (EC) assurance on earnings forecasts and stock price estimates of financial analysts. The theoretical foundation of the current study is based on the information hypothesis (Fama and Laffer 1971; Wallace 1980), which supports the notion that EC assurance is a means of reducing information asymmetry and uncertainty for financial market participants. In the first phase of this study, a survey of 37 financial analysts indicates the importance of vendor- and outcome-based risk factors when forecasting the financial performance of firms enganged in EC. In the second phase, 87 analysts participate in a 2 (high and low vendor-based risk) x 2 (high and low outcome-based risk) experiment. As hypothesized, EC assurance significantly increases earnings forecasts and stock price estimates in the high-risk, as compared to the low-risk, condition. In addition, a significant interaction term is obtained such that EC assurance yields a proponounced impact when both vendor- and outcome-based risks are high. The findings suggest that EC assurance reduces risk for maret participants thereby generating higher expectations of firm performance and value. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 83-90 |
| Abstraksi Narasi | : | - |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 67-74 |
| Abstraksi Narasi | : | In this paper, I share with you the recent experiences of the Shell Group with sustainability reporting. The full story about Shell`s commitment to contribute to sustainable development and what we did to add substance to that commitment has become quite long because we have been really active over the last three years. Therefore, I have to go through it with gigantic steps. In fact, I will disregard most of my standard presentation and concentrate on the reporting and vertification aspects and, in particular, on the social verification that is, by anybody`s standard, the most complex issue in sustainable development reporting. I will not address environmental verification; suffice it to say that we have made important progress in that area as well. The topics I discuss are the following: context and content, why reporting, some general and verification experiences, and some of the issues and features that will emerge over the next couple of years. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 75-81 |
| Abstraksi Narasi | : | In this paper I am going to discuss the framework used at Reed Elsevier for designing internal controls and assessing business risks. To provide some background, I will start by describing Reed Elsevier and the changing publishing and information business, and also give an overview of the corporate governance environment. |
| Nama Pengarang | : | Wallage, Philip, Mark Armour, Tom Delfgaauw, William R. Kinney, Hunton, James E. et al., Michael S. Wilkins, Neil L. Fargher, L. Paige Fields, Carey, Peter, Simnett, Roger , George Tanewski |
| Nama Majalah/Jurnal | : | Auditing: A Journal Of Practice and Theory |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 53-65 |
| Abstraksi Narasi | : | This article discusses initial experiences with a new assurance service: the verification of sustainability reports providing assertions regarding financial, environmental, and social issues. For illustration purposes, references to the verification of The Shell Report 2000 are made. Bacause of the new content and format of sustainability reports, established standards for reporting and verification are not yet available. Therefore, applying specifically developed criteria in inevitable. In this article, examples and characteristics of criteria that are needed to evaluate management assertions regarding sustainability are described. Furthermore, verification procedures that can be used and the content and design of a conclusion on a sustainability audit are described. It can be concluded that the vertification of sustainability reports is a very challenging assurance service for financial auditors. Academics should be challenged as well, because of the need for further research in this area. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | - |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 60-86 |
| Abstraksi Narasi | : | - |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | - |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 101-131 |
| Abstraksi Narasi | : | - |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | - |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 3-27 |
| Abstraksi Narasi | : | - |
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