Publication year: 2006
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There is a difference in the communication and safeguarding effects of a regulation, depending on the precision of its wording. Findings of her second experiment show that safeguarding effects also depend on auditors' monetary incentives and on perceived costs of litigation. The author also tests the effectiveness of a transparency report which is proposed by the European Union. The most important safeguards (policies and procedures) are perceived to be quality assurance, internal quality controls and independence practice and compliance.
Subject: Business and Economics, 8th Directive, Auditing, Auditor Independence Regulation, Auditor independence risk, Principles-based, Rules-based, Sarbanes-Oxley Act, USA, business, communication, complexity, corporate governance, design, development, regulation