Other
Vague Auditing Standards and Ambiguity Aversion
Volume: 31, Issue: 3, Pages: 23 - 45
Published: Mar 1, 2012
Abstract
SUMMARY I model unilateral auditor liability under the assumption that the auditor has an aversion to uncertainty about probability (ambiguity aversion). A vaguely defined negligence standard implies an ambiguity situation. There are two characteristics of ambiguity aversion: pessimism and likelihood insensitivity. The former improves the auditor's overall incentives to avoid the worst outcome possible (certainty effect). The latter impairs the...
Paper Details
Title
Vague Auditing Standards and Ambiguity Aversion
Published Date
Mar 1, 2012
Volume
31
Issue
3
Pages
23 - 45
Citation AnalysisPro
You’ll need to upgrade your plan to Pro
Looking to understand the true influence of a researcher’s work across journals & affiliations?
- Scinapse’s Top 10 Citation Journals & Affiliations graph reveals the quality and authenticity of citations received by a paper.
- Discover whether citations have been inflated due to self-citations, or if citations include institutional bias.
Notes
History