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| Author: | Ayers, S. Kaplan, S. E. |
| Title: | Review Partners' Reactions to Contact Partner Risk Judgments of Prospective Clients |
| Journal: | Auditing: A Journal of Practice and Theory
2003 : MAR, VOL. 22:1, p. 29-46 |
| Index terms: | CLIENTS RISK AUDITING ANALYTICAL REVIEW |
| Language: | eng |
| Abstract: | As a part of their risk management strategy, large audit firms have established a second partner review process during client screening. It is unclear, however, whether review partners are biased by the engagement risk assessment that is provided to them by a contact partner as a part of this process. Of particular interest are cases where the contact partner's engagement risk assessment is overly favorable when compared to the underlying evidence. The authors report the results of an experiment where approximately one-half of the review partners received an engagement risk assessment that was overly favorable when compared to the underlying evidence, while the other half of the review partners received an assessment that was more consistent with the client data provided. |
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