A Study of Uncertainty Expressions in Australian Accounting and Auditing Standards
This study is an empirical examination of Australian auditors' interpretation of selected key uncertainty expressions such as virtual certainty, expected, reasonable assurance and possible, contained in Australian accounting and auditing standards. The results showed three major findings. First...
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| Veröffentlicht in: | Pacific accounting review 2003-02, Vol.15 (2), p.1-28 |
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| creator | Psaros, Jim Patel, Chris Warnakulasuriya, Sriyani |
| description | This study is an empirical examination of Australian auditors' interpretation of selected key uncertainty expressions such as virtual certainty, expected, reasonable assurance and possible, contained in Australian accounting and auditing standards. The results showed three major findings. First, auditors demonstrated a reasonably high degree of variability in the interpretation of uncertainty expressions. In view of the proliferation of uncertainty expressions within international and Australian accounting and auditing standards, this lack of consistency in interpretation of uncertainty expressions raises some serious concerns. Second, compared with the less experienced auditors, the more experienced auditors demonstrated greater variability in their interpretations of uncertainty expressions. Third, contrary to expectations, this study did not find any difference in judgements between auditors in big-five and non-big-five firms. In aggregate, the findings of the study have implications for standard setting. |
| doi_str_mv | 10.1108/eb037972 |
| format | Article |
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In aggregate, the findings of the study have implications for standard setting.</description><subject>Accounting firms</subject><subject>Accounting interpretations</subject><subject>Accounting standards</subject><subject>Auditing interpretations</subject><subject>Auditing standards</subject><subject>Auditors</subject><subject>Culture</subject><subject>Financial accounting standards</subject><subject>Hypotheses</subject><subject>International accounting standards</subject><subject>Principles</subject><subject>Statistical analysis</subject><subject>Studies</subject><subject>Uncertainty</subject><issn>0114-0582</issn><issn>2041-5494</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2003</creationdate><recordtype>article</recordtype><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNpt0F1LwzAUBuAgCs4p-BOKgnpTzWfTXI4xnThQVofehbTNJHNLZ5LC9u-Nzu1CvUoO58nJ4QXgFMFrhGB-o0tIuOB4D3QwpChlVNB90IEI0RSyHB-CI-9nEKLYwB0w7iVFaOt10kyTia20C8rYsE4Gq6XT3pvG-sTYpNf64NTcqHitqqa1wdi3RNk6dmrzXRQhlsrV_hgcTNXc65Ofswsmt4Pn_jAdPd7d93ujtMIiD2mOSSlUSUtCBclxyQQTWCCakVyxPCcZJyXkVZmhmsQW40pgXYoqq7nSkCPSBRebuUvXfLTaB7kwvtLzubK6ab0kWGScYxLh2S84a1pn424SCUoZg0JEdLVBlWu8d3oql84slFtLBOVXsnKbbKTphhof9GrnlHuXcWnOJH3B8nWYFah4epDj6M83Xi90DLHevdhOlMt6GtXl_-rP_590vJFA</recordid><startdate>20030201</startdate><enddate>20030201</enddate><creator>Psaros, Jim</creator><creator>Patel, Chris</creator><creator>Warnakulasuriya, Sriyani</creator><general>MCB UP Ltd</general><general>Emerald Group Publishing Limited</general><scope>BSCLL</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7X1</scope><scope>7XB</scope><scope>8AO</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>K6~</scope><scope>L.-</scope><scope>PQBIZ</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope><scope>S0X</scope><scope>7TA</scope><scope>8FD</scope><scope>JG9</scope></search><sort><creationdate>20030201</creationdate><title>A Study of Uncertainty Expressions in Australian Accounting and Auditing Standards</title><author>Psaros, Jim ; 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| ispartof | Pacific accounting review, 2003-02, Vol.15 (2), p.1-28 |
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| language | eng |
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| source | Emerald A-Z Current Journals |
| subjects | Accounting firms Accounting interpretations Accounting standards Auditing interpretations Auditing standards Auditors Culture Financial accounting standards Hypotheses International accounting standards Principles Statistical analysis Studies Uncertainty |
| title | A Study of Uncertainty Expressions in Australian Accounting and Auditing Standards |
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