TITLE

User Versus Auditor Perceptions of the Auditor's Report on Internal Control: Readability, Reliabilitv and Auditor Legal Liability

AUTHOR(S)
Gist, Willie E.; McClain, Guy; Shastri, Trimbak
PUB. DATE
June 2004
SOURCE
American Business Review;Jun2004, Vol. 22 Issue 2, p117
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This study uses a survey instrument to assess the similarities and differences between attitudes of users and preparers of the auditor's internal control report (ICR) over financial accounting information. The focus of the study is specifically on three aspects of ICR: the readability of the ICR, the reliability of the financial statements as a consequence of issuing ICR covering financial reporting, and the potential increase in auditor's legal liability. This paper is exploratory in nature and represents the first survey perceptions of the message contained in the auditor's report on internal control.
ACCESSION #
13989734

 

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