search query: @author Willekens, M. / total: 6
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| Author: | Willekens, M. Steele, A. Miltz, D. |
| Title: | Audit standards and auditor liability: a theoretical model |
| Journal: | Accounting and Business Research
1996 : SUMMER, VOL. 26:3, p. 249-264 |
| Index terms: | ACCOUNTING AUDITING STANDARDS LIABILITY |
| Language: | eng |
| Abstract: | The business of auditing is heavily regulated. Auditor regulation exists through licensing, professional standards and liability. The auditor's liability for losses to financial statement users from an audit failure is subject to a test of negligence. What constitutes due audit care is, however, not generally well-specified. This article draws on insights from the economics and law literature and provides an analysis of the effects of uncertainty about auditor negligence on the produced level of audit quality and on audit fees. |
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