Why audit teams need the confidence to speak up

If an associate fails to note an unusual item that indicates a misstatement, it may never come to the attention of his or her superiors. [...]communication among audit team members is critical to audit team effectiveness and audit quality. Furthermore, if associates do not voice their questions and...

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Bibliographic Details
Published in:Journal of Accountancy 2017-01, Vol.223 (1), p.46
Main Authors: Lightle, Susan, Castellano, Joseph F, Baker, Bud
Format: Article
Language:English
Subjects:
Audit evidence
Audit quality
Auditing standards
Audits
Behavior
Confidence
Documentation
Feedback
Inventory
Leadership
Professional standards
Psychological safety
Quality
School environment
Self image
Skepticism
Teams
Work environment
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Summary:If an associate fails to note an unusual item that indicates a misstatement, it may never come to the attention of his or her superiors. [...]communication among audit team members is critical to audit team effectiveness and audit quality. Furthermore, if associates do not voice their questions and concerns, the firm will lose an opportunity to reexamine internal guidance and training regarding the matter in question (or rather that would have been in question). [...]the firm's audit process in general is suboptimized.
ISSN:0021-8448
1945-0729