40,506 research outputs found
E-Commerce Audit Judgment Expertise: Does Expertise in System Change Management and Information Technology Auditing Mediate E-Commerce Audit Judgment Expertise?
No full textA global survey of 203 E-commerce auditors was conducted to investigate the perceptions about the potential determinants of expertise in E-commerce audits. We hypothesize and find evidence indicating that information technology and communication expertise are positively related to expertise in E-commerce audit judgment. We also find that system change management expertise and information technology audit expertise mediate this relationship.E-commerce Audit Judgment, IT Audit, Structural Equations Modeling
Other title: Reviewing the adequacy of its controls over its information technology systems
No full text"A report to the Legislative Post Audit Committee."; "December 2001."
Kansas Department of Health and Environment information systems : reviewing the Department's management of those systems
No full text"A report to the Legislative Post Audit Committee."; "October 2003."
Corporate income taxes : reviewing factors affecting the recent steep drop in those tax receipts
No full textCover title.; "A report to the Legislative Post Audit Committee."; "August 2002."
Juvenile Justice Authority information systems : reviewing the Authority's management of those systems
No full text"A report to the Legislative Post Audit Committee."; "March 2003."
The determinants of audit fees - evidence from the voluntary sector
No full textGiven the growing demand for accountability in the public sector, there is a need to begin to investigate audit pricing issues in this sector. This study makes three contributions. First, it develops and estimates, for the first time, a model of audit fee determinants for the charity sector. As in previous private sector company studies, size, organisational complexity and audit firm location are the major determinants. A positive association between audit fees and fees for non-audit services is also observed. Charity sector factors of empirical significance include the nature of the charity (i.e., grant-making or fund-raising), its area of activity and the importance of trading income. Separate models for grant-making and fund-raising charities reflect the relative complexity of the audit of fund-raising charities. Second, the lower auditor concentration in the charity sector market, compared to the private sector market, permits a more powerful test of whether large firms and/or auditor expertise are rewarded with a fee premium. In the more complex audit environment of fund-raising charities, the results show that Big Six audit firms receive higher audit fees (18.5% on average) than non-Big Six firms. Also, non-Big Six audit firms with charity expertise are rewarded with a fee premium over other non-Big Six firms. Finally, the study demonstrates that the charity audit fee rate is significantly lower than that of private sector companies; in fact it is approximately half. A change in the reporting of charity audit fees is proposed to reflect any element of 'charitable giving' by the audit firm
Agency data centers : a K-GOAL audit assessing the potential savings of consolidation
No full text"July 2010."
Audit Committees and Financial Reporting Quality
No full textThis thesis examines the impact of audit committee characteristics on financial reporting quality in the context of a large sample of UK companies over the period 2007-2010. The notion of financial reporting quality is assessed by looking at the audit quality and earnings quality of the firms. This study utilises the audit fee and non-audit fee ratio as its proxies for audit quality and accruals based earnings management models as its proxies for earnings quality. The findings from the multivariate analysis show that audit committee meetings and financial expertise exert a significant positive impact on audit fees. Investigating expertise further, this study finds no support for the notion that accounting expertise influences audit fees, however a significant positive influence on audit fees is recorded for the non-accounting financial expertise. However, the holding of additional directorships has a significant negative impact on audit fees. This study also finds that audit committee members' financial expertise has a negative and significant impact on non-audit fee ratio suggesting a strong support of members with financial expertise on issues relating to auditor independence. The study also documents that audit committee members serving longer on the boards do not prefer to purchase high amount of non-audit services from the incumbent auditor. This study also records a significant positive impact of the holding of additional directorships on the provision of non-audit fee ratio, thus signifying a profound support for the busyness hypothesis which argues that overstretched directors are not very good monitors of financial reporting quality.
Furthermore, this study finds broadly consistent evidence that audit committees meeting three or more times per year and fully independent audit committees exert a significant positive impact on the quality of reported earnings. This study also finds some evidence (depending on the earnings model used) that the level of ownership of audit committee members also exerts a positive impact on the quality of reported earnings, highlighting the fact that audit committee members with an equity stake in their companies are considered more effective in their oversight of the financial reporting process. On the other hand, this study finds evidence that the busyness of audit committee members (busyness defined in terms of the holding of board seats in other companies) has a significant negative impact on the quality of reported earnings. The composite variables (i.e. ACE1, ACE2, ACE3 and ACE4) representing those companies that satisfy all aspects of current best practice in terms of audit committee composition and operation, has a positive impact on the quality of reported earnings.
This study covers the period 2007 to 2010 and therefore offers a contemporary analysis of the influence of audit committee characteristics on financial reporting quality. The study is very comprehensive in its scope not only in the selection of audit committee characteristics and methods employed to quantify these characteristics, but also in the use of various proxies developed to capture the true essence of financial reporting quality. The choice of multiple measurement methods both for the dependent and independent variables facilitates a much richer investigation into the relationship between governance and financial reporting quality variables. Therefore this study makes a major contribution to our understanding of the association between the various audit committee characteristics and financial reporting quality in the wake of recently introduced regulatory recommendations. These findings will also have policy implications as regulators around the world continue to define and refine the desired characteristics and behaviour of audit committees. Therefore, the findings of this study will ensure future policy changes regarding audit committees are adequately informed
The oversight responsibilities of audit committees: the problems facing the development of audit committees in Egypt
No full textAn increasing number of earnings restatements by publicly traded companies in the USA coupled with allegations of financial statement fraud and lack of responsible corporate governance have sharpened the ever increasing attention on corporate governance in general and the audit committee in particular. Over the past three decades, the value of audit committees as a means of enhancing external financial reporting and ensuring the independence of external auditors has been recognised and these committees have become widely established in many parts of the world. In Egypt, the implementation of an economic reform programme has resulted in an active effort by people in authority and those who work-in accounting and the auditing profession to enhance the quality of financial reporting which is considered to be one of the factors necessary to increase the effectiveness of economic performance in Egypt. Through these efforts, evolved the idea of implementing audit committees in Egyptian firms. In this study, old institutional economics is the underpinning methodology. It was selected on the grounds that it has the ability to offer a better understanding of the comparative audit committee practices in Egypt, the USA, and the UK. Also, it is used to explain the interplay between the institutions and actions in the economy, society, and culture which cover the problem of the transference of Anglo Saxon management and accounting theories and concepts such as audit committees to developing countries, such as Egypt. Old institutional economics aims to explain that, the transference between cultures is possible, but the process of transference has to be culturally sensitive. This study aims to measure audit committees effectiveness in order to have indicators about its oversight responsibilities in general and its development in Egypt in particular. The study involves both theoretical and empirical analysis. It begins with a review of the available literature which provides a basis for constructing the framework of this study. Survey and case study methodologies were the main instruments for the empirical investigation. The surveys were used to gather data from the UK and Egyptian audit committee member samples in order to examine audit committee oversight responsibilities from the internal perspective of audit committee members in both countries to draw comparison with the DeZoort (1997) study in the USA. Scenarios were developed regarding the oversight responsibilities of audit committees on the basis of, literature, CPA professional examinations, current recommendations in the USA, and the UK, and current issues which faced the public banking sector in Egypt. These were used to gather data from audit committee members in the public banking sector in Egypt in order to measure the effectiveness of audit committees and examine the effect of audit committee members' independence and experience on audit committee effectiveness. In this study, the effectiveness of the audit committee is measured, in particular, on the extent to which audit committee members carry out their oversight responsibilities regarding financial reporting, external auditing, and internal auditing. The results, in general, assert the low effectiveness of audit committee members in carrying out their oversight responsibilities. In this case, the results highlight the important role of the audit committee charter which define the committee's oversight responsibilities. Also, the results indicate that audit committee effectiveness is significantly and positively related to the independence and experience of audit committee members
Other title: Evaluating the Costs and Benefits of Smoky Hill Education Service Center Membership
No full textapplication/pdf; "February 2016."; "A Report to the Legislative Post Audit Committee"--Cover."The Smoky Hill Education Service Center (Smoky Hill) was established in July 1990 and currently serves 52 member school districts across 25 counties. Smoky Hill offers a variety of services to school districts including teacher training, assistance with E-rate filings, software support, and bulk purchasing. To join Smoky Hill, members must pay an annual fee. ... The primary benefits of Smoky Hill membership are the discounts it offers on the various services it provides. Non-member districts can also use Smoky Hill services such as staff training or software support, but they pay full price. ... Legislators have expressed concern that member school districts are not receiving enough benefits from Smoky Hill membership to justify the costs.
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