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dc.contributor.authorPatterson, Evelynen_US
dc.contributor.authorWright, David W.en_US
dc.date.accessioned2006-09-11T19:18:56Z
dc.date.available2006-09-11T19:18:56Z
dc.date.issued2003-03en_US
dc.identifier.citationPatterson, Evelyn; Wright, David; (2003). "Evidence of Fraud, Audit Risk and Audit Liability Regimes." Review of Accounting Studies 8(1): 105-131. <http://hdl.handle.net/2027.42/47720>en_US
dc.identifier.issn1380-6653en_US
dc.identifier.issn1573-7136en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/47720
dc.description.abstractWe investigate the effectiveness of proportionate liability in reducing the probability of fraud and audit risk relative to joint and several liability in two strategic audit settings: one that provides conclusive evidence of fraud and one that provides inconclusive evidence of fraud. In both settings the auditor makes an audit effort choice, but in the second setting the auditor also evaluates the audit evidence. Our results show that when the auditor chooses only effort, a proportionate liability rule with large marginal liability relief decreases audit risk. However, when the auditor also evaluates the audit evidence this result no longer holds.en_US
dc.format.extent185871 bytes
dc.format.extent3115 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.language.isoen_US
dc.publisherKluwer Academic Publishers; Springer Science+Business Mediaen_US
dc.subject.otherEconomics / Management Scienceen_US
dc.subject.otherAccounting/Auditingen_US
dc.subject.otherFinance /Bankingen_US
dc.subject.otherLegal Liability Regimesen_US
dc.subject.otherStrategic Auditingen_US
dc.subject.otherProportionate Liabilityen_US
dc.subject.otherFrauden_US
dc.titleEvidence of Fraud, Audit Risk and Audit Liability Regimesen_US
dc.typeArticleen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.description.peerreviewedPeer Revieweden_US
dc.contributor.affiliationumUniversity of Michigan Business School, University of Michigan, Ann Arbor, MI, 48109-1234en_US
dc.contributor.affiliationotherSchool of Management, State University of New York at Buffalo, Buffalo, New York, 14260en_US
dc.contributor.affiliationumcampusAnn Arboren_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/47720/1/11142_2004_Article_5114688.pdfen_US
dc.identifier.doihttp://dx.doi.org/10.1023/A:1022652023592en_US
dc.identifier.sourceReview of Accounting Studiesen_US
dc.owningcollnameInterdisciplinary and Peer-Reviewed


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