Does engaging in commercial activity compromise auditors’ professionalism? Read it in this FAR Literature review by William Ciconte (University of Illinois at Urbana-Champaign), Justin Leiby (University of Illinois at Urbana-Champaign) and Marleen Willekens (KU – Leuven).
In this newsletter: Reflections on the 4th FAR International Conference, FAR Masterclass Report of 29 March 2019 , FAR Practice Note, FAR Academic board member Willem Buijink receives Hopwood prize and FAR Vacancy: Program Coordinator
Although auditors are well-educated professionals, they are also human beings. This means that they are susceptible to judgment biases. Departing from psychological theories, four judgment biases were discussed during Anna Gold’s well-attended masterclass:
The "human factor" plays a key role in audit quality. Breukelen, 14 June 2019 - The "ecosystem" of the entire financial reporting and assurance supply chain, in which an auditor has a role, largely determines the quality of the audit.