Audit Quality of the Integrated Supply Chain – Evidence from Taiwan Electronic Industry

The shift to an integrated IBS construction approach requires enhanced supply chain integration to improve the productivity as well as the poor quality of human behavioual aspect in IBS project. This paper is to identify the challenges at each tier between players to facilitate supply chain integration among the IBS players. Findings adopted from semi-structured interview revealed the critical attitude issues of human factors, lack of interaction and sharing knowledge between interdisciplinary people. The findings of this study is useful to improve integration of supply chain and enhance innovation and sharing interaction between players in the IBS Malaysian construction project environment.© 2016. The Authors. Published for AMER ABRA by e-International Publishing House, Ltd., UK. Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.Keywords: Construction Environment; Industrialised Building System; Integration and Supply Chain

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PROFESSIONAL ATTRIBUTES OF INTERNAL AUDITORS IN RIAU

Jurnal Benefita ◽

10.22216/jbe.v3i2.2891 ◽

2018 ◽

Vol 3 (2) ◽

pp. 161

Author(s):

Satria Tri Nanda

Keyword(s):

Regression Analysis ◽

Audit Quality ◽

Hypotheses Testing ◽

Internal Auditors ◽

Factors Influencing ◽

Professional Attributes ◽

Professional Care ◽

Positive Effect

This research aims to identify the factors influencing the audit quality of auditors at Inspektorat Provinsi Riau. The population in this research were auditor, examiner, assistant examiner, and P2UPD (Pengawas Penyelenggara Urusan Pemerintah di Daerah) in charge at the Inspectorate in Riau Province and all Inspectorates in Districts and Cities in Riau Province. A total of 290 set of questionnaire were sent and a number of 184 of questionnaires were processed. Using regression analysis conducted by SPSS, the hypotheses testing analysis results show that experience, responsiveness, professional care, executive involvementt, planning and auditability have significant and positive effect on audit quality. These results indicate that the higher the levels of experience, responsiveness, professional care, executive involvement and auditability of Inspectorate officials, the better the quality of audit performed by the Inspectorate Officials of Riau Province.

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Audit Quality of Chinese ADR Engagements

Accounting Horizons ◽

10.2308/acch-51646 ◽

2016 ◽

Vol 31 (2) ◽

pp. 25-43 ◽

Cited By ~ 2

Author(s):

Aloke (Al) Ghosh ◽

Elisabeth Peltier ◽

Cunyu Xing

Keyword(s):

Audit Quality ◽

Emerging Market ◽

Financial Statements ◽

Foreign Firms ◽

American Depositary Receipts ◽

Reverse Mergers ◽

Chinese Companies ◽

Big 4 ◽

Depositary Receipts

SYNOPSIS The controversy over Chinese reverse mergers has led to concerns about the audit quality of all U.S.-listed Chinese companies. Because a sizeable number of foreign firms cross-list their shares as American Depositary Receipts (ADRs) issued by U.S. depositary banks (as opposed to direct listings), we study how auditors have managed their audits of Chinese ADRs. Our motivation for examining Chinese ADRs is based on the findings that cross-listing via the ADR process is beneficial for U.S. shareholders. We find that relative to ADRs from countries other than China, and relative to directly listed Chinese companies, Chinese ADRs are more likely to be associated with a Big 4 auditor and are less likely to restate prior-period financial statements. We also find that Chinese ADRs pay significantly higher fees than other emerging market ADRs and Chinese direct-listings. Collectively, these results suggest high audit quality for Chinese ADRs, which is in sharp contrast to the Chinese direct-listing results. Using Tobin's Q as a measure of market value, we find that the stock market rewards Chinese ADRs, indicating that investors incorporate the benefits of higher audit quality when evaluating Chinese ADRs.

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An Empirical Investigation of IPO Underpricing and the Change to the LLP Organization of Audit Firms

Auditing A Journal of Practice & Theory ◽

10.2308/aud.2004.23.1.53 ◽

2004 ◽

Vol 23 (1) ◽

pp. 53-67 ◽

Cited By ~ 13

Author(s):

Steven R. Muzatko ◽

Karla M. Johnstone ◽

Brian W. Mayhew ◽

Larry E. Rittenberg

Keyword(s):

Initial Public Offering ◽

Audit Quality ◽

Limited Liability ◽

Litigation Risk ◽

Ipo Underpricing ◽

Audit Firm ◽

Legal Structure ◽

Audit Firms ◽

Public Offering

This paper examines the relationship between the 1994 change in audit firm legal structure from general partnerships to limited liability partnerships (LLPs) on underpricing in the initial public offering (IPO) market. The change in legal structure of audit firms reduces an audit firm's wealth at risk from litigation damages and reduces the incentives for intrafirm monitoring by partners within an audit firm. Prior research suggests that underpricing protects underwriters from litigation damages, and that the level of underpricing varies inversely with both the amount of implicit insurance provided by the audit firm and the quality of the audit services provided. We hypothesize the change in audit firm legal structure reduced the assets available from audit firms in IPO-related litigation and indirectly reduced audit quality by lowering intrafirm monitoring. As a result, underwriters have incentives as a joint and several defendant with the audit firms to increase IPO underpricing, particularly for high-litigation-risk IPOs, following audit firms' shifts to LLP status. Our findings are consistent with this hypothesis.

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Audit Reviewers' Judgments in Multiple Client Audit Environments

Behavioral Research in Accounting ◽

10.2308/bria-51788 ◽

2017 ◽

Vol 29 (2) ◽

pp. 1-9 ◽

Cited By ~ 2

Author(s):

Sudip Bhattacharjee ◽

Mario J. Maletta ◽

Kimberly K. Moreno

Keyword(s):

Audit Quality ◽

Internal Audit ◽

Contrast Effects ◽

Comparative Information ◽

A Current

ABSTRACT This study replicates Bhattacharjee, Maletta, and Moreno (2007), who find that audit preparers are susceptible to contrast effects in a multi-client environment. We demonstrate that auditors in the role of reviewers are also susceptible to contrast effects from a prior client. Audit reviewers' assessments of internal audit quality of a current client were significantly affected by the quality of the internal audit group of a client they previously reviewed. Specifically, when auditors first reviewed a client with a weak internal audit group they assessed the subsequent moderate internal audit group as being of higher quality than when they first reviewed a prior client with a strong internal audit group or did not review a prior client. Reviewers' documentation of evidence was also influenced by comparative information from the prior client. These results corroborate the key findings of Bhattacharjee et al. (2007) and confirm audit reviewers' susceptibility to contrast effects.

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