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Uncertainty about litigation losses and auditor's modified audit reports

Article Abstract:

Auditor's reports modified to reflect litigation uncertainties were shown to aggravate both material losses and the potential for litigation losses than audit reports that footnoted disclosure. A survey of firms using both modified auditor's reports and audit reports that footnote disclosure of litigation showed that while losses in modified auditor's losses were lower than those that use unqualified information, this is due to the non-inclusion of other immaterial losses.

Research, Accounting and auditing, Ethical aspects, Business budgets, Business reports

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The role of institutional ownership in the market for auditing services: An empirical investigation

Article Abstract:

The association between the level of institutional ownership and auditor firm size is examined by focusing on audit, a tool available to shareholders to monitor management. The findings support the assertion-institutional ownership is positively associated with the audit firm size, even after controlling for other variables that could account for such an association, including client firm size, debt, growth and business complexity.

Business owners

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Adding value through accounting signals

Article Abstract:

The need for accounting firms to exhibit transparency in financial reporting is examined.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Reporting & Disclosure, Financial Regulation & Reporting, Financial disclosure

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