An Examination of Factors Affecting the Decision to Waive Audit Adjustments

@inproceedings{Wright1997AnEO,
  title={An Examination of Factors Affecting the Decision to Waive Audit Adjustments},
  author={Arnold M. Wright and Sally Wright},
  year={1997}
}
The value of audit services is determined by an auditor's ability to both (1) discover misstatements in the client's accounting system and (2) report those misstatements (DeAngelo [1981a, 1981b]). Audit adjustments reflect the auditor's discovery of a potential breach in the client's accounting system. The decision to waive an audit adjustment is important, since it can potentially lead to misleading financial statements. Waiving an adjustments) may also result in litigation and loss of auditor… CONTINUE READING

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