|
The Impact of Group Interaction on Fraud Risk Assessment and Decision Aid Reliance
Anna Alon,
University of Central Florida
ABSTRACT. Fraud associated with the financial statements has been a thorny issue for the accounting profession for quite some time. Statement of Auditing Standards (SAS) No.99 added brainstorming requirement which necessitates the audit team to discuss the potential for material misstatements due to fraud before and during the information-gathering process. This paper extends the literature in the area by incorporating brainstorming component into the fraud risk assessment. The study is looking to see if brainstorming component affects fraud risk assessment performed. In addition, the reliance on the decision aid is an important variable to consider when the audit team is required to brainstorm fraud audit risks and have a decision aid to assist in the task. The results of this study provide insight on how the brainstorming requirement impacts fraud risk assessment, decision aid use and decision aid reliance.
Full-Text is no longer available online. Please contact the author(s) for more information about this manuscript.
Back to Session Listing
|