Commentary on “The effect of an audit judgment rule on audit committee members’ professional skepticism: : The case of accounting estimates” (Kang, Trotman, and Trotman)

• Autores: Sandra C. Vera-Muñoz
• Localización: Accounting, organizations and society: an international journal devoted to the behavioural, organizational and social aspects of accounting, ISSN 0361-3682, Vol. 46, Nº. 1, 2015, págs. 77-80
• Idioma: inglés
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• Resumen

  • These discussant comments address the Kang, Trotman, and Trotman study on whether introducing an audit judgment rule – which is analogous to the business judgment rule applied to corporate officers and directors – and deploying innovative audit procedures affect audit committee members’ questioning on accounting estimates. I believe that the authors have identified a very relevant and timely topic for analysis. In addition, the authors have done a good job motivating the importance of the topic given the increasingly regulated post-Sarbanes-Oxley environment. In these comments, I attempt to place the Kang, Trotman, and Trotman study into context and facilitate generation of research ideas by others. My comments are divided into three sections: introduction, the evolving roles and responsibilities of audit committees and independent auditors, and comments on research design and some directions for future research