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Quality Control Procedure for Statutory Financial Audit: An Empirical Study [Kõva köide]

(University of Calcutta, India), (Goenka College of Commerce & Business, India)
  • Formaat: Hardback, 336 pages, kõrgus x laius x paksus: 229x152x24 mm, kaal: 624 g
  • Ilmumisaeg: 13-Jul-2017
  • Kirjastus: Emerald Publishing Limited
  • ISBN-10: 1787142272
  • ISBN-13: 9781787142275
Teised raamatud teemal:
Quality Control Procedure for Statutory Financial Audit: An Empirical StudySuurem pilt
  • Formaat: Hardback, 336 pages, kõrgus x laius x paksus: 229x152x24 mm, kaal: 624 g
  • Ilmumisaeg: 13-Jul-2017
  • Kirjastus: Emerald Publishing Limited
  • ISBN-10: 1787142272
  • ISBN-13: 9781787142275
Teised raamatud teemal:
Püsilink: https://www.kriso.ee/db/9781787142275.html
Märksõnad:
Quality Control Procedure for Statutory Financial Audit: An Empirical Study takes a comprehensive look at the quality control framework for statutory financial audit. The authors, Saha and Roy, begin with a conceptual discussion on the quality of statutory audit of financial statements, focusing on identifying the different factors governing quality of audit, and establishing a comprehensive framework for quality control. They delve into the quality control framework in three specific countries: USA, UK and India, based on select parameters, and a comparative study is made among them. Lastly, the authors examine the effectiveness of the existing standards and other legal and regulatory requirements in enforcing quality control policies and procedures and suggesting modifications in those regulations which have been made based on a few respondents’ perceptions. Their recommendations can improve the future audit environment in safeguarding stakeholders’ interest.

This new work takes a comprehensive look at the quality control framework for statutory financial audit. Saha and Roy focus on identifying the different factors governing quality of audit and establish a comprehensive framework for quality control.

Arvustused

Saha and Roy present the results of their research into the quality of statutory audits of financial statements, identifying different factors that govern the quality of audits and establishing a framework for quality control. They apply this framework to financial audits in India, Britain, and the US, then compare them in terms of select parameters. They also analyze respondents' perceptions of the quality control procedure for statutory financial audits, and from that suggest some measures to improve the quality control. -- Annotation ©2017 * (protoview.com) *

Preface ix
List of Tables
xi
List of Exhibits
xvii
List of Chart
xix
List of Appendices
xxi
List of Abbreviations
xxiii
List of Standard Measures/Symbols and Their Explanations
xxv
Chapter 1 Introduction
1(24)
1.1 Preamble
1(3)
1.2 Research Problem
4(1)
1.3 Research Questions
5(1)
1.4 Review of Literature
6(10)
1.5 Research Gap
16(1)
1.6 Objectives
17(1)
1.7 Research Methodology
17(7)
1.7.1 Searching the Underlying Concept
17(1)
1.7.2 Sample Design
18(2)
1.7.3 Collection of Data
20(1)
1.7.4 Analytical Tools for Interpretation and Conclusion
21(1)
1.7.5 Demographic Profile of Respondents
21(3)
1.8 The Scheme of Work
24(1)
Chapter 2 Quality of Statutory Audit of Financial Statements: A Conceptual Discussion
25(18)
2.1 Introduction
25(1)
2.2 Quality of Statutory Audit in Financial Statements: A Conceptual Overview
25(12)
2.2.1 Factors of Audit Quality
26(4)
2.2.2 Financial Reporting Supply Chain: Interactions among the Stakeholders
30(3)
2.2.3 Contextual Factors of Audit Quality
33(4)
2.3 Regulatory Framework Governing Audit Quality at the International Level
37(2)
2.4 Indian Scenario
39(2)
2.5 Conclusions
41(2)
Chapter 3 Quality Control Framework for Statutory Audit of Financial Statements in Select Countries: A Conceptual Review
43(70)
3.1 Introduction
43(1)
3.2 Review of Quality Control Framework in Select Countries Considering Select Parameters
44(68)
3.2.1 Review of the Quality Control Framework in the United States of America (USA)
45(24)
3.2.2 Review of the Quality Control Framework in the United Kingdom (UK)
69(24)
3.2.3 Review of the Quality Control Framework in India
93(19)
3.3 Conclusions
112(1)
Chapter 4 Quality Control Framework for Statutory Audit in Select Countries: A Comparative Study
113(14)
4.1 Introduction
113(1)
4.2 Comparative Study of the Quality Control Framework among Select Countries
114(11)
4.2.1 Quality Control Procedure at Firm Level
114(3)
4.2.2 Quality Control Procedure at Engagement Level
117(1)
4.2.3 Overall Objectives of an Independent Auditor
118(1)
4.2.4 Audit Engagement
119(1)
4.2.5 Use of the Work of Internal Auditors
119(1)
4.2.6 Audit Planning
120(1)
4.2.7 Audit Evidence
120(1)
4.2.8 Audit Sampling
120(1)
4.2.9 External Confirmations
121(1)
4.2.10 Using the Work of an Expert
121(1)
4.2.11 Auditing Accounting Estimates
122(1)
4.2.12 Audit Documentation
122(1)
4.2.13 Audit Report
123(1)
4.2.14 General Issues Governing Quality of Audit
124(1)
4.3 Conclusions
125(2)
Chapter 5 Respondents' Perceptions on Quality Control Procedure for Statutory Financial Audit: An Empirical Study
127(116)
5.1 Introduction
127(1)
5.2 Objectives of the Study
128(1)
5.3 Selection of Variables
128(5)
5.4 Results and Discussion
133(104)
5.4.1 Reliability of Data
133(1)
5.4.2 Objective 1: Analysing Opinions of CAs and Students on Each Variable under Select Parameters Using the Percentage of Respondents
133(32)
5.4.3 Objective 2: Examining Homogeneity of Opinions between CAs and Students Using the Chi-Square Test of Homogeneity
165(19)
5.4.4 Objective 3: Identifying the Importance Associated with Each Variable by Individual Respondent Groups Using Mean Score
184(14)
5.4.5 Objective 4: Analysing the Significant Differences of Opinions between CAs and Students Using a Nonparametric Mann-Whitney Test
198(21)
5.4.6 Objective 5: Examining Analytically the Relationship between Independent Variables and `Satisfactory Quality Control of Statutory Audit' Using Pearson's Correlation Coefficient and T-Test
219(18)
5.5 Conclusions
237(6)
Chapter 6 Concluding Observations and Suggestions
243(16)
6.1 Introduction
243(1)
6.2 Summary of Findings of Previous
Chapters
243(11)
6.2.1
Chapter 2
243(1)
6.2.2
Chapter 3
244(1)
6.2.3
Chapter 4
245(2)
6.2.4
Chapter 5
247(7)
6.3 Limitations of the Study
254(1)
6.4 A Few Suggestions
254(1)
6.5 Proposals for Further Research
255(1)
6.6 Conclusions
256(3)
Appendices
259(28)
Appendix A Select Relevant Table for
Chapter 5
260(13)
Appendix B Questionnaire for Primary Data
273(14)
Bibliography 287(8)
About the Authors 295(2)
Index 297