search query: @indexterm AUDITING / total: 1120
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Author: | Patterson, E.R. Smith, J.R. |
Title: | The effects of Sarbanes-Oxley on auditing and internal control strength |
Journal: | Accounting Review
2007 : MAR, VOL. 82:2, p. 427-455 |
Index terms: | auditing accounting control legislation USA |
Language: | eng |
Abstract: | This study provides a theoretical investigation of the effects of the Sarbanes-Oxley Act of 2002 on auditing intensity and internal control (here as: ctrl.)s strength. A model of strategic auditing is proposed. It is found that ctrl. tests are a valuable tool for the auditor when ctrl. strength is informative about the likelihood of fraud. Sarbanes-Oxley is found to have the desired effect of inducing stronger internal ctrl. systems and less fraud, but does not necessarily induce higher levels of ctrl. testing. |
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