Internal Accounting Control Evaluation and Auditor Judgment: An AnthologyThis anthology presents the results of a comprehensive empirical study of internal control evaluation and auditor judgment initiated by Peat, Marwick, Mitchell & Co. in 1977 and originally published as an American Institute of CPAs research monograph in 1981, which was awarded the American Accounting Association Wildman Award in 1982. This book contains an updated review of the professional literature related to internal control, multivariate analyses of the original statistics and analyses of the decision criteria used by the auditors. |
Contents
Introduction and Overview | 3 |
The Relationship of Internal Accounting Controls to | 29 |
The Internal Accounting Control Experiments | 55 |
Research Methodology and Hypotheses | 77 |
Experimental Results The Effect of Improving | 93 |
Experimental Results A Synthetic a Posteriori | 125 |
Experimental Results Auditors Rationale | 177 |
Protocol Analysis of Auditor Decision Processes | 195 |
Summary Implications and Implementation | 219 |
Olde Oak Case Materials | 234 |
Example of Sample Size Rationale Documentation | 264 |
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Common terms and phrases
accepted auditing standards accounting control evaluation accounts receivable Adjusted R² AICPA audit evidence audit program audit risk audit test Auditing Standards auditor judgment B₁ B₂ behavioral chapter Coefficient of variation compliance test results concurrent documentation confirmation content analysis cues decision processes differences documentation task error evaluation of internal experimental treatments experiments F-Statistic factors figure financial statements four audit procedures halo effect heuristics hypotheses indicated information search interaction internal accounting controls internal control evaluation internal control structure Journal of Accounting minimum sample nature no-guidance overall packing slip comparison Parameter Parameter Parameter planned sample Posting Test Pricing Test procedures E-5 rationale memos relevant reliability reliance research questions retrospective documentation SALES INVOICE sample size decisions sample size judgment sample size recommendations SEADOC significant Standard Standard Statement on Auditing statistical approach statistical sampling substantive audit procedures substantive procedures substantive tests Summary TRIAL BALANCE variability variance verbal protocol workpapers