Current Issues in Auditing · 2015 · 54 citations · 11 references
BusinessAccountancyAccountingAccounting EthicsAuditingCorporate DisclosureAudit ReportingAudit Risk ManagementAuditing TheoryExternal AuditingFinancial Statement AuditsRisk-based AuditingAudit Documentation RiskAudit LiabilityAudit Report FormatAudit Risk AssessmentAuditor AttestationAuditor NegligenceCritical Audit Matters
SUMMARY The U.S. Public Company Accounting Oversight Board recently proposed changes to the audit reporting model that would require auditors to disclose areas of high audit risk within the audit report. Concerns about the proposal's potential to increase auditor liability have been raised by practitioners and highlighted in the business press. In this paper, we review five recent experiments that directly relate to these concerns, identify patterns in the results, and discuss the implications of these findings for regulators and practitioners.
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Decision Affect Theory: Emotional Reactions to the Outcomes of Risky Options
Barbara A. Mellers, Alan Schwartz, Katty Ho et al. · Psychological Science · 1997 · 755 citations