Magazine article The CPA Journal
Research in Accounting, Regulation, Volume 12
Jai Press, hardcover, $78.50. ISBN: 0762304650 Reviewed by Robert Kawa
This volume is divided into four sections: main papers, research reports, perspectives, and book reviews. Each presentation within the book is written by a different author. Although it covers a number of subject areas, the book's primary concentration is auditing issues.
In both the main papers and research reports sections, a number of research studies are presented, including studies on independence, audit failure, auditor tenure, audit homogeneity, and liability reform. The research on auditor independence is quite current and examines a number of factors, such as provision of MAS services, audit firm size, length of auditor-client relationship, and audit fee influence on auditor independence. For those interested in a historical perspective on these audit issues as well as those presently engaged in auditing research, the book provides useful insights and supported conclusions. In light of today's ever-changing audit environment, the book brings to light a number of important audit research areas. Other areas examined in these sections include a study of SFAS No. 128 on earnings per share, the relationship between states' educational requirements and CPA exam performance, market value accounting, and an update on SEC disclosure requirements. …