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Jurnal

Auditing (A307)

Keyword

risk assessment; strategic analysis; strategic positioning; strategy implementation.

Pengarang

  1. Natalia Kochetova-Kozloski
  2. William F. Messier, Jr.

    Subject

    ACCOUNTING

    [Abstrak]

    The study investigates whether and how senior auditors’ strategic analysis
    of a client affects their identification of significant business and financial statement risks,
    and their risk assessments. Sixty-seven senior auditors participated in an experiment
    that examined the effect of analyzing two aspects of strategic analysis (strategic
    positioning and the strategy implementation process) against performing no strategic
    analysis. An expert panel of senior managers was used to develop a benchmark for
    comparison purposes. Our results show that (1) auditors who performed guided strategic
    analysis did not identify more significant business and financial statement risks than
    auditors who did not perform strategic analysis, (2) senior auditors who performed
    strategic analysis of strategic positioning or the strategy implementation process
    assessed risk of material misstatement at the entity level more consistently with an
    expert panel than auditors who did not perform such an analysis, and (3) senior auditors’
    analysis of the client’s strategy implementation process was associated with
    assessments of the strength of the control environment that were more consistent with
    the expert panel than assessments done by auditors who did not perform any strategic
    analysis or who performed only an analysis of strategic positioning.

    Periode

    Vol 30, Nomor 04CD, Tahun 2011

    [Berkas]

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