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1

Descriptive Evidence from Audit Practice on SAS No. 99 Brainstorming Activities
Jodi L. Bellovary and Karla M. Johnstone (2007 – Issue 1)

Based on interviews and observation, highlights actual SAS No. 99 brainstorming activities performed by auditors.

2

A Top-Down Approach to Identification and Documentation of Critical Accounting Application Controls
Jerry L. Turner (2007 – 1)

Presents a model for documenting application controls that is consistent with AS 5’s top-down approach.

3

SOX Doomsday Predictions in Hindsight: Evidence from Delistings
Lizabeth A. Austen and Denise Dickins (2007 – 1)

Provides evidence that delistings, especially those attributed to SOX or the cost of being public, have not been very common since the passage of SOX.

4

Audit Partner Rotation: Evidence of Changes in Audit Partner Tenure as the Result of Mandatory Regulation in Australia
Kirsty Ryken, Renee Radich and Neil L. Fargher (2007 – 1)

Examines the impact of mandatory audit partner rotation policies in Australia, with a focus on differences from voluntary practices.

5

XBRL: Opportunities and Challenges in Enhancing Financial Reporting and Assurance Processes
James Gunn (2007 – 1)

Discusses issues related to XBRL adoption, including implications for providers of assurance services.

6

The Sarbanes-Oxley Act of 2002—Restoring Investor Confidence
Michael G. Oxley (2007 – 1)

Provides Congressman Oxley’s personal perspectives on the role of SOX in restoring investor confidence after the major accounting scandals.

7

Top 10 Wish List for Audit Research
Edward E. Nusbaum (2007 – 1)

Provides the Grant Thornton LLP leader’s views on valuable research topics for auditing academics to pursue; may be especially useful for doctoral students.

8

Academic Research on Communications Among External Auditors, the Audit Committee, and the Board: Implications and Recommendations for Practice
Jeffrey Cohen, Lisa Milici Gaynor, Ganesh Krishnamoorthy and Arnold M. Wright (2008 – 1)

Highlights academic research on communications among auditors, the audit committee, and the board, and offers implications for practitioners.

9

Estimating Audit Fees Post-SOX
Denise E. Dickins, Julia L. Higgs and Terrance R. Skantz (2008 – 1)

Based on interviews with auditors, provides insights into factors considered in audit pricing decisions and how audit pricing has changed since the passage of SOX.

10

Human Capital Challenges Facing the Public Company Auditing Profession
Joseph V. Carcello (2008 – 1)

Discusses the quantity and quality of accounting students and faculty, as well as offers a possible alternative model for auditing education – the professional school of auditing; may be especially useful for doctoral students.

11

Conversations with the Big 4 Accounting Firms’ Chief Executives
Ira Solomon (2008 – 1)

Presents a host of insights from interviews with the Big 4 firms’ chief executives. Topics include “Auditing, Regulation, and the Firms; the State and Future of the Public Company Auditing Profession; Auditing Practice, Research, and Education; and Personal Reflections”; may be especially useful when discussing the future of the auditing profession.

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Perspectives on the Auditing Profession Part I: The Practicing Profession
Andrew D. Bailey, Jr. (2008 – 1)

Provides the author’s personal reflections on audit practice, including the importance of audit quality and the business model of auditing firms.

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Perspectives on the Auditing Profession Part II: The Academic Profession
Andrew D. Bailey, Jr. (2008 – 1)

Provides the author’s personal reflections on audit academe, including practitioner recommendations to academe and challenges facing the academic community; may be especially useful for doctoral students.

14

The Value of Faculty Internships in Auditing
Terri L. Herron and Marc M. Morozzo (2008 – 2)

Describes the first author’s faculty internship from the perspective of the faculty member and the sponsoring firm; may be especially useful for doctoral students or academics considering a faculty-in-residence opportunity.

15

Deficiencies in Auditing Related-Party Transactions: Insights from AAERs
Timothy J. Louwers, Elaine Henry, Brad J. Reed and Elizabeth A. Gordon (2008 – 2)

Examines the role of RPTs in apparent audit failures and concludes that auditor failure is due to limited skepticism and due care rather than deficiencies in auditing standards.

16

The SEC’s XBRL Voluntary Filing Program on EDGAR: A Case for Quality Assurance
J. Efrim Boritz and Won Gyun No (2008 – Forthcoming)

Examines XBRL filings under the SEC’s Voluntary Filing Program (VFP) and finds “persistent and increasing quality control and assurance issues pertaining to the
XBRL-Related Documents furnished under the VFP”. The authors provide insights into future steps to promote the reliability of XBRL filings.

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Auditing Standards Committee Comment Letter PCAOB Rulemaking Docket Matter No. 025: Proposed Auditing Standard - Engagement Quality Review
Thomas M. Kozloski, Robert D. Allen, Randal J. Elder, Ed O’Donnell, Robert J. Ramsay, Sandra Shelton and Jay Thibodeau (2008 – Forthcoming)

This is the first Auditing Standards Committee comment letter to be published in CIIA. Future comment letters will appear in CIIA and may be especially useful in graduate classes where students evaluate proposed auditing standards.

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The Accounting “Circle of Life”
Shaun Budnik (2008 – Forthcoming)

Provides the Deloitte Foundation President’s views on the interplay between practice and academe, with particular focus on research, the talent pipeline, and regulations.

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Audit Quality in the Post-Sarbanes Audit Environment: What Auditing Students Must Know about the PCAOB Inspection Process
Richard R. Riley, Jr., J. Gregory Jenkins, Pamela Y. Rousch and Jay C. Thibodeau (2008 – Forthcoming)

Provides a helpful primer for faculty who are preparing to cover the PCAOB inspection process in class.