The Quality of Financial Reporting and Its Relationship to Audit Quality via an Expanded Risk Model
نویسندگان
چکیده
This paper proposes a framework for audited financial reporting that is intended to address major perceived limitations in current quality reporting principles. The paper thus addresses the potential decoupling problem between financial statement audits and what is being audited identified by Power (1997). Using an extended risk model, the framework not only identifies principles of quality financial reporting and their audits, but also adds new insights to some important anomalies in recent empirical research.
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