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Now power has shifted in auditors' favour.
But they intend to send in auditors to make sure improvements have been made.
And it leans on potentially dissenting voices, sending in auditors and tax inspectors to keep opposition media outlets in line.
The use of automated content analysis methodology also helped us identify potential disconnects between terminology used in auditors' reports and that used in published frameworks and guidelines.
We draw on research in accounting, economics, psychology, and neuroscience to critique the accountabilities, incentives, and learning opportunities embedded in auditors' extant regulatory environment.
The new software would search for unusual accounting by looking at various risk factors such as frequent changes in auditors or delays in the release of earnings.
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The rise in auditor disputes this year has coincided with sustained pressure on pay deals after last year's shareholder spring.
Our study should also be of interest to investors, audit firms, audit committees, managers, researchers, and other stakeholders interested in auditor oversight, auditor reputation and measures of auditor quality.
We investigate the degree of flexibility in auditor and client initial negotiation positions, whether auditors and clients accurately perceive the other party's positions, and the types of negotiation tactics that may be used by both parties.
To control for endogeneity in auditor's selection, the model is estimated using a restricted sample of firms, which hired, at least, one non-sanctioned auditor during the sample period and one sanctioned auditor in the pre-inspection period.
Sanctions are expected to trigger a change in auditor's behavior because they entail economic losses steaming from both financial penalties and reputational harm.
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