haku: @indexterm CONTINGENT CLAIMS / yhteensä: 14
viite: 14 / 14
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| Tekijä: | Gietzmann, M. Ncube, M. Selby, M. |
| Otsikko: | Auditor performance, implicit guarantees , and the valuation of legal liability |
| Lehti: | International Journal of Auditing
1997 : FEB, VOL. 1:1, p. 13-30 |
| Asiasana: | AUDITING LIABILITY CONTINGENT CLAIMS |
| Kieli: | eng |
| Tiivistelmä: | Liability exposure is now such a major concern for auditors that any discussion of equilibrium audit fee structures needs to take account of the expected costs of liability exposure. The authors develop a model of audit litigation risk and then proceed to apply insights gained from the application of finance theory to show how liability exposure is related to guarantee provision. Given auditors wish to incorporate the expected cost of guarantees when planning and pricing services, the authors apply contingent claims analysis to derive valuation equations for expected (litigation) costs. |
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