CAQ Funds Audit Research Projects

The Center for Audit Quality’s Research Advisory Board has chosen five auditing-related academic research projects to fund.

The research projects involve areas such as audit quality, professional judgment, professional skepticism and the value of the audit. The eight-member board, which is evenly divided between academics and auditing professionals, issued a request for proposals over three months ago for research projects in those four areas and offered a total of $200,000 in funding. In response, academics from around the world submitted nearly 50 proposals.

The board reviewed the proposals and selected the following projects:

·    “The Collaboration Between Financial Statement Auditors and Fraud Experts in Fraud Risk Assessment,” by Stephen Asare, University of Florida, and Arnie Wright, Northeastern University

·    “A Review and Model of Auditor Judgments in Fraud-Related Planning Tasks,” by Jacqueline Hammersley, University of Georgia

·    “Does Context Influence Auditors’ Fair Value Judgments?” by Vicky Hoffman, University of Pittsburgh; Christine Earley, Providence College; and Jennifer Joe, Georgia State University

·    “Training Auditors in Professional Skepticism,” by David Plumlee and Brett Rixom, University of Utah, and Andrew Rosman, University of Connecticut

·    “Enhancing Professional Skepticism,” by Ken Trotman, University of New South Wales, Australia

“The CAQ recognizes the importance of independent research to the profession and we are proud to support these outstanding academics as they embark on their robust research projects,” said CAQ executive director Cindy Fornelli in a statement.