The effects of perceived legal exposure upon audit quality

Dunn, Peter James. (1997). The effects of perceived legal exposure upon audit quality Master's Thesis, School of Business, University of Queensland.

       
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Author Dunn, Peter James.
Thesis Title The effects of perceived legal exposure upon audit quality
School, Centre or Institute School of Business
Institution University of Queensland
Publication date 1997
Thesis type Master's Thesis
Total pages 65
Language eng
Subjects 14 Economics
Formatted abstract This thesis proposes that audit quality is positively related to the perception of legal exposure held by the auditor in relation to individual engagements. Client characteristics likely to affect the risk of future legal action against the auditor are considered and compared with the quality of the service provided by the auditor as reflected by the extent to which the auditor permits earnings management. Subject to certain limitations, the results support a positive relation between audit quality and the auditor's perception of legal exposure associated with a particular engagement. This finding is consistent with viewing the auditor as a rational utility maximiser within the firm governance structure. The results also have practical implications in terms of providing a starting point for debate regarding the appropriate structure for the general system of auditor liability as well as other aspects of regulation of the profession.

 
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Created: Wed, 20 Oct 2010, 11:52:44 EST by Ning Jing on behalf of The University of Queensland Library