CAQ grants funding to four research projects


The Center for Audit Quality (CAQ) granted funding to four academic research projects.

In December, the CAQ requested proposals on key auditing topics, including audit committee effectiveness, audit quality indicators, professional skepticism, and the value of the audit. Thirty-six proposals were submitted in response.

The CAQ’s Research Advisory Board, which consists of members from academia and the auditing profession, selected the following projects to support:

  • “Audit Committee Quality and Financial Reporting in Merger and Acquisition Transactions,” by Tom Adams and Jayanthi Krishnan, Temple University.
  • “Management Bias and Accounting Estimates: When Do Auditors Assimilate Management’s Bias and When Do They Correct for It?” by Brian Fitzgerald, Texas A&M University (accepted a position at Northeastern University), and Kecia Smith and Christopher Wolfe, Texas A&M University.
  • “Does Disclosing Critical Audit Matters in the Audit Report Increase Perceived Auditor Responsibility for Misstatements?” by Steven J. Kachelmeier, Jaime J. Schmidt, and Kristen Valentine, University of Texas at Austin.
  • “The Way Forward on Professional Skepticism: Conceptualizing Professional Skepticism as an Attitude,” by Christine Nolder, Suffolk University, and Kathryn Kadous, Emory University.

SPONSORED REPORT

Tax reform complicates year-end tax planning

Get your clients ready for tax season with these year-end tax planning strategies, which address how to make the most of recent tax law changes, such as the new deduction for qualified business income and the cap on the deductibility of state and local taxes.

VIDEO

What RPA is and how it works

Robotic process automation is like an Excel macro that can work on multiple applications, says Danielle Supkis Cheek, CPA. RPA can complete routine, repetitive tasks such as data entry, freeing up employee time from lower-level chores.