search query: @author Ewert, R. / total: 9
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| Author: | Ewert, R. |
| Title: | Auditor liability and the precision of auditing standards |
| Journal: | Journal of Institutional and Theoretical Economics
1999 : MAR, VOL. 155:1, p. 181-206 |
| Index terms: | INSTITUTIONAL ECONOMICS AUDITORS THEORIES |
| Language: | eng |
| Abstract: | This paper deals with the precision of auditing standards under a negligence liability system for auditors. Auditing standards, such as, e.g., GAAS in the US or GoA in Germany provide rules for judging the auditors' due care and are supposed to serve both descriptive and normative purposes. In order to fulfil these functions, it is usually hypothsized that the standards must be made as precise as possible. This paper argues, however, that vague standards need not be detrimental. |
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