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Relevant bibliographies by topics / Financial misstatement risk

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Academic literature on the topic 'Financial misstatement risk'

Author: Grafiati

Published: 4 June 2021

Last updated: 18 February 2022

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Journal articles on the topic "Financial misstatement risk"

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Chen, Feng, Xingqiang Du, Shaojuan Lai, and Mary Ma. "Does the use of honorific appellations in audit reports connote higher financial misstatement risk? Evidence from China." Asian Review of Accounting 26, no. 2 (2018): 154–81. http://dx.doi.org/10.1108/ara-08-2017-0128.

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Purpose From the sociolinguistic perspective, the purpose of this paper is to examine whether the honorific and actual-name appellations that Chinese auditors use to address clients in audit reports connote differential financial misstatement risk. Specifically, the authors hypothesize that auditors’ use of honorifics signals their inferior social status relative to their clients, thereby leading to compromised auditor independence, lower audit quality, and higher financial misstatement risk. Design/methodology/approach The authors use a sample of manually coded appellation data from audit rep

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Dritsas, Stamatios, and George Petrakos. "Risk of Material Misstatement in Fluctuated Economic Environments: The Case of Greece." International Business Research 11, no. 6 (2018): 243. http://dx.doi.org/10.5539/ibr.v11n6p243.

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The aim of this paper is a) to investigate the relationship between the business risk and the risk of material misstatement at an overall financial level and b) to determine the dependencies between the risk of material misstatement and selected risk factors affecting pervasively the financial statements and many assertions. The study was based on data collected from a statistical survey among experienced statutory auditors employed by the five largest international audit firms in Greece. The research suggests a statistically significant relationship between the business risk and the risk of m

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Hammersley, Jacqueline S. "Pattern Identification and Industry-Specialist Auditors." Accounting Review 81, no. 2 (2006): 309–36. http://dx.doi.org/10.2308/accr.2006.81.2.309.

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Complex financial statement misstatements that are difficult to diagnose are likely to be described by multiple cues that individually appear innocuous, but that together form an ominous pattern. Because individual auditors are likely to obtain only some of the cues forming the pattern, it is important to understand how well auditors interpret incomplete cue patterns. In this paper, I examine experimentally whether industry-specialist auditors develop problem representations about a seeded misstatement to facilitate interpretation of incomplete patterns. Overall, I find that matched specialist

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Arzhenovskii, S. V., T. G. Sinyavskaya, and A. V. Bakhteev. "The model evaluating the propensity of the auditee's management to risk." International Accounting 23, no. 11 (2020): 1253–68. http://dx.doi.org/10.24891/ia.23.11.1253.

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Subject. We identify what determines the risk propensity of those charged with financial reporting through surveying, so as the results could be subsequently applied in assessing the risk of material misstatement of financial reporting due to fraud. Objectives. We herein outline the methodological framework for conducting risk assessment procedures with respect to material misstatements due to fraud as part of financial reporting audits. Thus, we set an econometric model to empirically evaluate the probable risk propensity of a person charged with financial reporting. Methods. We applied the l

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ARZHENOVSKII, Sergei V., Tat'yana G. SINYAVSKAYA, and Andrei V. BAKHTEEV. "Determining a typology of behavioral traits indicating the inclination to material misstatement risk among those charged with financial reporting." International Accounting 22, no. 4 (2021): 422–37. http://dx.doi.org/10.24891/ia.24.4.422.

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Subject. We typified persons charged with financial reporting, who are more than inclined to misstatement risk due to fraud. Objectives. We herein develop a methodological framework for determining types of people charged with financial reporting. The typification is based on behavioral traits of the inclination to material misstatement risk. Methods. We applied multivariate statistical methods of factor and cluster analyses on the basis of empirical data we gathered in the survey of 515 employees charged with financial reporting. Results. As we found, if a person charged with financial report

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Asare, Stephen K., and Arnold M. Wright. "Inferring Remediation and Operational Risk from Material Weakness Disclosures." Behavioral Research in Accounting 29, no. 1 (2016): 1–17. http://dx.doi.org/10.2308/bria-51560.

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ABSTRACT Understanding the inferences that nonprofessional investors draw from material weakness disclosures is important because of their effect on investment decisions and for assessing whether current standards serve their needs. Prior research shows that users assess higher financial reporting risk for an entity-level material weakness compared to an account-specific material weakness because they perceive the former as presenting a higher risk of potential misstatement. We extend the literature by proposing two variables (remediation and operational risks) that mediate and incrementally e

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Budescu, David V., Mark E. Peecher, and Ira Solomon. "The Joint Influence of the Extent and Nature of Audit Evidence, Materiality Thresholds, and Misstatement Type on Achieved Audit Risk." AUDITING: A Journal of Practice & Theory 31, no. 2 (2012): 19–41. http://dx.doi.org/10.2308/ajpt-10239.

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SUMMARY We use simulation to investigate the joint effects of materiality, evidence extent, evidence nature, and misstatement type on achieved audit risk, i.e., the risk of undetected material financial statement misstatement due to error or fraud. Our primary results are fourfold. First, contrary to conventional audit wisdom, we show that elevating the extent of testing decreases achieved audit risk only under certain conditions and may well increase it. Second, reducing materiality (attempting to perform a more precise audit) can either enhance or jeopardize audit effectiveness. Third, learn

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Albrecht, Anne, Elaine G. Mauldin, and Nathan J. Newton. "Do Auditors Recognize the Potential Dark Side of Executives' Accounting Competence?" Accounting Review 93, no. 6 (2018): 1–28. http://dx.doi.org/10.2308/accr-52028.

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ABSTRACT Practice and research recognize the importance of extensive knowledge of accounting and financial reporting experience for generating reliable financial statements. However, we consider the possibility that such knowledge and experience increase the likelihood of material misstatement when executives have incentives to misreport. We use executives' prior experience as an audit manager or partner as a measure of extensive accounting and financial reporting competence. We find that the interaction of this measure and compensation-based incentives increases the likelihood of misstatement

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Czerney, Keith, Jaime J. Schmidt, and Anne M. Thompson. "Does Auditor Explanatory Language in Unqualified Audit Reports Indicate Increased Financial Misstatement Risk?" Accounting Review 89, no. 6 (2014): 2115–49. http://dx.doi.org/10.2308/accr-50836.

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ABSTRACT According to auditing standards, explanatory language added at the auditor's discretion to unqualified audit reports should not indicate increased financial misstatement risk. However, an auditor is unlikely to add language that would strain the auditor-client relationship absent concerns about the client's financial statements. Using a sample of 30,825 financial statements issued with unqualified audit opinions during 2000–2009, we find that financial statements with audit reports containing explanatory language are significantly more likely to be subsequently restated than financial

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Patterson, Evelyn R., and Reed Smith. "Materiality Uncertainty and Earnings Misstatement." Accounting Review 78, no. 3 (2003): 819–46. http://dx.doi.org/10.2308/accr.2003.78.3.819.

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The concept of materiality provides a basis for auditors to ignore small misstatements, but the definition of “small” in this context is ambiguous. The issue of “materiality-standard-setting” has been raised recently by Arthur Levitt, former chairman of the Securities and Exchange Commission. We examine how materiality uncertainty affects the auditor's evaluation of audit evidence and a manager's choice of earnings overstatement in a strategic auditing model where earnings misstatements also include unintentional system error. We find that when the expected cost of accepting financial statemen

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Dissertations / Theses on the topic "Financial misstatement risk"

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YEUNG, Hau Yi. "Do auditors communicate financial misstatement risk in audit report? Evidence from subsequent accounting restatements in China." Digital Commons @ Lingnan University, 2018. https://commons.ln.edu.hk/otd/31.

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Regulators worldwide are considering expanding current audit reporting model to include key audit matters (KAM). Proponents argue that current audit reports are standardized and uninformative to financial statement users. Auditors in current reporting regime can choose to add explanatory notes in audit reports, however, few current studies have investigated the information content of these explanatory notes. This thesis conducts a textual analysis of explanatory notes in auditor reports and examines the predictability of auditors’ explanatory notes consisting of both unqualified and qualified

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DOLEŽALOVÁ, Jana. "Úloha externího auditora při auditu účetní jednotky ve vazbě na etiku a rizika." Master's thesis, 2014. http://www.nusl.cz/ntk/nusl-175504.

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This thesis is focused on role of the external auditor and risks and ethical behavior during his working. During individual phases of audit auditor must pay attention to many parts to determine no misrepresentation information in financial statements. Too he checks up into questions of ethical behavioral, for example by the evaluation of contract´s risk.

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Books on the topic "Financial misstatement risk"

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International Auditing and Assurance Standards Board. Understanding the entity and its environment and assessing the risks of material misstatement. International Federation of Accountants, 2003.

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Book chapters on the topic "Financial misstatement risk"

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Liang, Yunjing. "Risk Analysis of Major Financial Misstatement in Agricultural Enterprises." In IEIS 2020. Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-33-4363-4_3.

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Martí, María de Lourdes Eguren. "Assets Management and Risk Control." In Optimum Decision Making in Asset Management. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-0651-5.ch017.

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Risk management and internal control is a subject that has increased its relevance due to the recent financial scandals on companies like Enron and Worldcom, and the increment of fraud cases and financial misstatements around the globe. In line with this, several initiatives have been defined or required in order to control the risk exposure in the company processes, including the development of internal control standards like Sarbanes-Oxley (SOX). One of the factors to be considered when taking optimum decisions is risk. Due to this, in this chapter the key concepts over risk assets management will be exposed, including a practical example under SOX framework as well as a system's approach and value management perspective.

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Smithers, Andrew. "Misinformation Adds to the Risks for the Economy." In Productivity and the Bonus Culture. Oxford University Press, 2019. http://dx.doi.org/10.1093/oso/9780198836117.003.0023.

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The damage done by misinformation needs to be contained. Companies should publish their domestic and worldwide output. This should reduce the misstatement and thus volatility of published profits. US profits are habitually overstated, and this does relatively little harm, but periods of excessive overstatement lead to the risks in credit markets being under-appreciated and markets overpriced. Overstated RoEs encourage high hurdle rates, which reduces investment. The complacency about debt and asset prices is less prevalent today than it was before the financial crisis to which it made a major contribution. But restricting debt and asset prices is more difficult when there is bad information about asset values and credit risks. Misstated profits also contribute to asset bubbles and consequently to the magnitude of cyclical swings in the economy. Modern corporate accounting has contributed to this profit volatility.

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Sever Mališ, Sanja, Lajoš Žager, and Mateja Brozović. "The Future of Audit in Light of Technological Changes." In Fostering Innovation and Competitiveness With FinTech, RegTech, and SupTech. IGI Global, 2021. http://dx.doi.org/10.4018/978-1-7998-4390-0.ch012.

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External audit of financial statements plays a key role in achieving transparent financial reporting, since its purpose is to provide reasonable assurance that the presented financial statements are free of material misstatements due to fraud or error. In the process of fulfilling this role, auditors must be adaptable, especially when it comes to technological advancements. This chapter explains the effect that new technologies have on audit of financial statements. In addition to summarizing the technological changes that impacted the audit profession in the past and therefore introduced new generations of audit, the authors have identified issues and challenges in the way the audit is currently performed. Some of the new technologies that are discussed in this chapter have the potential to mitigate these issues. However, new challenges and risks may be introduced with accepting these technologies in the process of financial reporting and auditing.

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Conference papers on the topic "Financial misstatement risk"

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Xu, Wenjie. "Research and Analysis of Material Misstatement Risks of Financial Statement." In 2015 International Conference on Education Technology, Management and Humanities Science (ETMHS 2015). Atlantis Press, 2015. http://dx.doi.org/10.2991/etmhs-15.2015.45.

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Jiang, Yicong. "Financial recognition of material misstatement risks of listed companies on GEM." In 2017 4th International Conference on Information Technology and Career Education. Asian Academic Press Co., Limited, 2017. http://dx.doi.org/10.24104/rmhe/2017.04.01002.

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Kochinev, Yury, Elena Antysheva, and Natalia Putintseva. "Formalization of Analytical Procedures for Assessing the Risks of Material Misstatement in Financial Statements due to Fraud." In SPBPU IDE '20: SPBPU IDE-2020. ACM, 2020. http://dx.doi.org/10.1145/3444465.3444532.

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Milgunova, Irina. "THE RELATIONSHIP OF THE EVALUATION OF ACCOUNTING CONTROL PROCEDURES AND THE RISKS OF MATERIAL MISSTATEMENT OF THE FINANCIAL STATEMENTS IN THE AUDIT." In 4th International Multidisciplinary Scientific Conference on Social Sciences and Arts SGEM2017. Stef92 Technology, 2017. http://dx.doi.org/10.5593/sgemsocial2017/13/s03.084.

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