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Enforcement release evidence on the audit confirmation process: Implications for standard setters

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  • Janvrin, Diane
  • Caster, Paul
  • Elder, Randy

Abstract

The audit confirmation process involves obtaining evidence from third parties about information affecting financial statement assertions. Recently, the confirmation process has drawn the attention of both regulators and practitioners (AICPA, 2007a; IFAC, 2006, 2008; PCAOB, 2004) due to questions regarding whether this widely used audit procedure provides persuasive audit evidence. This paper examines confirmation-related evidence from relevant Security and Exchange Commission (SEC) Accounting and Auditing Enforcement Releases (AAERs).

Suggested Citation

  • Janvrin, Diane & Caster, Paul & Elder, Randy, 2010. "Enforcement release evidence on the audit confirmation process: Implications for standard setters," Research in Accounting Regulation, Elsevier, vol. 22(1), pages 1-17.
    • Handle: RePEc:eee:reacre:v:22:y:2010:i:1:p:1-17
    DOI: 10.1016/j.racreg.2010.02.002
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    References listed on IDEAS

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    1. Patricia M. Dechow & Richard G. Sloan & Amy P. Sweeney, 1996. "Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC," Contemporary Accounting Research, John Wiley & Sons, vol. 13(1), pages 1-36, March.
    2. Feroz, Eh & Park, K & Pastena, Vs, 1991. "The Financial And Market Effects Of The Secs Accounting And Auditing Enforcement Releases," Journal of Accounting Research, Wiley Blackwell, vol. 29, pages 107-142.
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    Cited by:

    1. Shan, Yuan George & Troshani, Indrit & Richardson, Grant, 2015. "An empirical comparison of the effect of XBRL on audit fees in the US and Japan," Journal of Contemporary Accounting and Economics, Elsevier, vol. 11(2), pages 89-103.
    2. Bozkurt, Orhan & İslamoğlu, Mehmet & Öz, Yaşar, 2013. "Perceptions of professionals interested in accounting and auditing about acceptance and adaptation of global financial reporting standards," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 18(34), pages 16-23.

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