What do investors want from the standard audit report

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Investment Analyst. Auditors, bankers, and nonprofessional investors reviewed background information on a hypothetical company that had received a SAR. Compared to auditors, users consider the SAR to be more important in assessing fraud risk even though they assess a lower likelihood that auditors have detected fraud. Further, the SAR gives users a significantly higher level of confidence in the company's management, investment soundness, and accomplishment of strategic goals than auditors.

We also find several instances where the auditors and bankers differed from the nonprofessional investors in the interpretation of technical terms in the SAR, suggesting a between-user disagreement in interpreting the technical terms. Taken together, the results suggest that there are important differences between auditors and users in their understanding of the broad messages conveyed by the SAR i.

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Some empirical evidence to support the relationship between audit reports and stock prices — the French case. International Journal of Auditing, 4 3 , Vanstraelen, A. European Accounting Review, 21 2 , Wooten, T. User Username Password Remember me. Article Tools Print this article. Indexing metadata.

How to cite item. Finding References. Review policy. Email this article Login required. Email the author Login required. Abstract The purpose of this study is to discover the impact of Key Audit Matters KAMs on financial information quality and their value for Lebanese auditors. Full Text: PDF. Abstract views : 0 PDF views : 0. References Backof, A. Accountancy Ireland, 24 3 , Boyd, D.

Bryman, A. Business Research Methods. Oxford Edition, New York.