Governance and Auditing

Edited by Peter Moizer, Professor of Accounting, Leeds University Business School, UK

'It can be seen from the foregoing that this book constitutes a wide-ranging selection of good quality and interesting papers on a topic area of ongoing concern. . . Peter Moizer's introduction is succinct, cogent and provides a compelling structure within which to consider the papers. A further particularly nice feature of the selection is, that by often including two papers in a specific area, the manner in which extensions of ideas and refinements in method are highlighted, and thus the reader is given a flavour of how papers in a given area have developed: one gains a sense of living literatures. . . readers are unlikely to be disappointed. . . this volume constitutes a nicely judged and good selection of papers in the area of governance and auditing that is a useful addition to the shelves of anyone with an interest in this area.'

• Contents:AcknowledgementsIntroduction Peter MoizerPART IROLE OF AUDITING IN THE GOVERNANCE PROCESS 1. David Flint (1971), ‘The Role of the Auditor in Modern Society: An Exploratory Essay’2. Chee W. Chow (1982), ‘The Demand for External Auditing: Size, Debt and Ownership Influences’3. Don Anderson, Jere R. Francis and Donald J. Stokes (1993), ‘Auditing, Directorships and the Demand for Monitoring’4. Brian T. Pentland (1993), ‘Getting Comfortable with the Numbers: Auditing and the Micro-Production of Macro-Order’5. Michael Power (1996), ‘Making Things Auditable’6. Christopher G. Humphrey, Peter Moizer and Stuart Turley (1992), ‘The Audit Expectations Gap – Plus ca Change, Plus c’est la Meme Chose?’PART IIAUDIT QUALITY AND AUDITOR REPUTATION 7. Linda Elizabeth DeAngelo (1981), ‘Auditor Independence, “Low Balling”, and Disclosure Regulation’8. Linda Elizabeth DeAngelo (1981), ‘Auditor Size and Audit Quality’9. Randolph P. Beatty (1989), ‘Auditor Reputation and the Pricing of Initial Public Offerings’10. Allen T. Craswell, Jere R. Francis and Stephen L. Taylor (1995), ‘Auditor Brand Name Reputations and Industry Specializations’11. Zoe-Vonna Palmrose (1988), ‘An Analysis of Auditor Litigation and Audit Service Quality’12. Clive S. Lennox (1999), ‘Audit Quality and Auditor Size: An Evaluation of Reputation and Deep Pockets Hypotheses’13. Jere R. Francis and Earl R. Wilson (1988), ‘Auditor Changes: A Joint Test of Theories Relating to Agency Costs and Auditor Differentiation’14. W. Bruce Johnson and Thomas Lys (1990), ‘The Market for Audit Services: Evidence from Voluntary Audit or Changes’15. Zoe-Vonna Palmrose (1989), ‘The Relation of Audit Contract Type to Audit Fees and Hours’16. Terrence B. O’Keefe, Dan A. Simunic and Michael T. Stein (1994), ‘The Production of Audit Services: Evidence from a Major Public Accounting Firm’17. Joseph V. Carcello, Roger H. Hermanson and Neal T. McGrath (1992), ‘Audit Quality Attributes: The Perceptions of Audit Partners, Preparers, and Financial Statement Users’PART IIIGOVERNANCE AND THE AUDIT COMMITTEE 18. Michael E. Bradbury (1990), ‘The Incentives for Voluntary Audit Committee Formation’19. Krishnagopal Menon and Joanne Deahl Williams (1994), ‘The Use of Audit Committees for Monitoring’20. Lawrence P. Kalbers and Timothy J. Fogarty (1998), ‘Organizational and Economic Explanations of Audit Committee Oversight’21. April Klein (2002), ‘Economic Determinants of Audit Committee Independence’22. Joseph V. Carcello and Terry L. Neal (2003), ‘Audit Committee Characteristics and Auditor Dismissals Following “New” Going-Concern Reports’PART IVTHE RELATIONSHIP BETWEEN INTERNAL AND EXTERNAL AUDITORS 23. James C. Lampe and Steve G. Sutton (1994), ‘Evaluating the Work of Internal Audit: A Comparison of Standards and Empirical Evidence’24. William L. Felix, Jr., Audrey A. Gramling and Mario J. Maletta (2001), ‘The Contribution of Internal Audit as a Determinant of External Audit Fees and Factors Influencing This Contribution’25. Larry Rittenberg and Mark A. Covaleski (2001), ‘Internalization Versus Externalization of the Internal Audit Function: An Examination of Professional and Organizational Imperatives’Name Index