SAS 58, audit firm size, and the incidence of uncertainties in audit reports: An empirical study

A study develops and investigates 2 hypotheses: 1. that adoption of SAS 58 should be associated with an increase in the incidence of uncertainties referenced in the audit reports of small audit firms, and 2. that there should be no change in the incidence of uncertainties referenced by large audit f...

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Veröffentlicht in:Journal of applied business research 1994-10, Vol.10 (4), p.60
Hauptverfasser: Griner, Emmett H, Dugan, Michael T, Klersey, George F
Format: Artikel
Sprache:eng
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Zusammenfassung:A study develops and investigates 2 hypotheses: 1. that adoption of SAS 58 should be associated with an increase in the incidence of uncertainties referenced in the audit reports of small audit firms, and 2. that there should be no change in the incidence of uncertainties referenced by large audit firms. The empirical results support both hypotheses. The main implication is that standard-setting bodies need to begin giving consideration to the possibility of size-related differences in the effects of changes in auditing standards. The main conclusion is that replacement of the "subject to" qualified opinion was a change in substance, not merely a change in form.
ISSN:0892-7626
2157-8834