Application of the Business Risk Audit Model: A Field Study

By A. Eilifsen, W. Robert Knechel, P. Wallage. 2001

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The Halo Effect in Business Risk Audits: Can Strategic Risk Assessment Bias Auditor Judgment about Accounting Details? (2005, background): “During strategic assessment, auditors focus on the organization’s overall prospects— they learn about their client’s strategy for creating customer value and then identify and document strategic business risks that threaten the business model (Eilifsen et al. 2001).”
A Model and Literature Review of Professional Skepticism in Auditing (2009, background): “…see Allen et al. 2006), and some recent studies have examined risk analysis in the context of ‘‘strategic systems’’ audit approaches (Bell et al. 1997; Eilifsen et al. 2001; Bell et al. 2005) that place more emphasis on an organization’s business strategy when assessing risks and developing…”
Audit Fees: A Meta-Analysis of the Effect of Supply and Demand Attributes (2006, unknown): “A possible alternative explanation is that the existence of governance mechanisms creates more demand for external auditing, and the impact on audit fees is due to a change in the assurance provided by the auditor, not a change in the audit process as envisioned in a production model of the audit (E”