The Effects of Industry Specialization on Audit Risk Assessments and Audit‐Planning Decisions

By K. Low. 2004

245 citations recorded by the source corpus.

Subfields: Accounting, General Decision Sciences, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/8f3ed10b26c1a94b676ef4df83856b2ee71cbd46

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In Accounting

In General Decision Sciences

In Management Science and Operations Research

Citations in the corpus

Auditor Risk Assessment: Insights from the Academic Literature (2006, background): “The specialists’ knowledge of an industry improves their audit risk assessments and affects the quality of their audit-planning decisions and the relation between the risk assessments and the planning decisions (Low 2004).”
A Model and Literature Review of Professional Skepticism in Auditing (2009, background): “…demonstrate that specialists and auditors with other domainspecific experience are more likely to identify the potential for specialty-specific errors (Wright and Wright 1997; Owhoso et al. 2002; Low 2004) and modify their audit planning decisions as a result (Bedard and Wright 1994; Low 2004).”
How Do Auditors Weight Informal Contrary Advice? The Joint Influence of Advisor Social Bond and Advice Justifiability (2013, unknown): “Within their industry, they assimilate information differently than do non-specialists (Taylor 2000), and they better differentiate diagnostic from non-diagnostic cues (Low 2004; Hammersley 2006).”
Audit Quality: Insights from the Academic Literature (2013, methodology): “12 2002), in performing analytical procedures (Wright and Wright 1997; Green 2008), in assessing components of audit risks (Taylor 2000; Low 2004; Hammersley 2006; Maroney and Simnett 2009), and in disclosing internal control deficiencies (Rose-Green et al. 2011; Stephens 2011).”
Auditor Industry Specialization and Evidence of Cost Efficiencies in Homogenous Industries (2015, background): “Since cost data for audit firms are not publicly available to analyze efficiency in an archival setting, 1 For example, Low (2004) finds that specialist auditors make more efficient planning decisions by transferring expertise across clients in the same industry when evaluating and suggesting audit…”
Does Auditor Industry Specialization Improve Audit Quality (2013, background): “Balsam, Krishnan, and Yang [2003] and Krishnan [2003] find a negative relation between auditor industry specialization and the client’s absolute discretionary accruals. Balsam, Krishnan, and Yang [2003] also find a positive interaction effect between auditor specialization and earnings surprise in a”
The Effect of Audit Experience on Audit Fees and Audit Quality (2015, background): “Owhoso, Messier, and Lynch (2002) find that industry specialists are better at detecting errors, and Low (2004) finds that specialists provide superior risk assessment and audit planning decisions.”