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Audit
Assurance - Canning et al., 2019
| Question | Answer |
|---|---|
| demand for assurance | has increased - partly due to increase in companies releasing reports |
| big 4 are | dominating the market |
| black box of initial assurance practice | know little about how practice has progressed to address challenges highlighted in earlier studies |
| materiality traditionally defined via | a financial reporting lens |
| materiality | determining the importance of the disclosure of an item of information, or its omission, to users |
| materiality and ambiguity | heightened when transferred to new audit spaces |
| authors evidence suggests | in processes where uncertainty and ambiguity exist, structure is welcome in support of judgement |
| assuror flexibility required to | seek new technologies capable of addressing non-financial data |
| high level of synergy between | accountant and non-accountant assurors |
| what does this study contradict about previous studies | that subject experts were suppressing their skillsets to carry out assurance |
| industry should be embracing | diversity of roles withing teams rather than feeling threatened |
| synergies through collaboration may lead to | better decision making |
Created by:
amyperston
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