Evidence of Fraud, Audit Risk and Audit Liability Regimes
dc.contributor.author | Patterson, Evelyn | en_US |
dc.contributor.author | Wright, David W. | en_US |
dc.date.accessioned | 2006-09-11T19:18:56Z | |
dc.date.available | 2006-09-11T19:18:56Z | |
dc.date.issued | 2003-03 | en_US |
dc.identifier.citation | Patterson, 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.issn | 1380-6653 | en_US |
dc.identifier.issn | 1573-7136 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/47720 | |
dc.description.abstract | We 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.extent | 185871 bytes | |
dc.format.extent | 3115 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.language.iso | en_US | |
dc.publisher | Kluwer Academic Publishers; Springer Science+Business Media | en_US |
dc.subject.other | Economics / Management Science | en_US |
dc.subject.other | Accounting/Auditing | en_US |
dc.subject.other | Finance /Banking | en_US |
dc.subject.other | Legal Liability Regimes | en_US |
dc.subject.other | Strategic Auditing | en_US |
dc.subject.other | Proportionate Liability | en_US |
dc.subject.other | Fraud | en_US |
dc.title | Evidence of Fraud, Audit Risk and Audit Liability Regimes | en_US |
dc.type | Article | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.peerreviewed | Peer Reviewed | en_US |
dc.contributor.affiliationum | University of Michigan Business School, University of Michigan, Ann Arbor, MI, 48109-1234 | en_US |
dc.contributor.affiliationother | School of Management, State University of New York at Buffalo, Buffalo, New York, 14260 | en_US |
dc.contributor.affiliationumcampus | Ann Arbor | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/47720/1/11142_2004_Article_5114688.pdf | en_US |
dc.identifier.doi | http://dx.doi.org/10.1023/A:1022652023592 | en_US |
dc.identifier.source | Review of Accounting Studies | en_US |
dc.owningcollname | Interdisciplinary and Peer-Reviewed |
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