000			01945nab a2200193 a 4500
999			_c199369 _d199369
003			OSt
005			20200226102013.0
008			191216s20172014xxu||||| |||| 00| 0 eng d
040			_aCO-BoUGC _cCO-BoUGC
100	1		_aCannon, Nathan H. _9177549
245	1	0	_aAuditing challenging fair value measurements _bevidence from the field _cNathan H. Cannon & Jean C. Bedard
300			_aPáginas 81 a la 114
520	3		_aConcern about effective auditing of fair value measurements (FVMs) has risen in recent decades. Building on prior interview-based and experimental research, we provide an engagement-level analysis of challenging FVMs, using quantitative and qualitative data on audit phases from risk assessment to booking adjustments. Challenging FVMs have high estimation uncertainty, high subjectivity, significant/complex assumptions, and multiple valuation techniques. Estimation uncertainty is associated with higher inherent risk assessments, which are in turn predictive of client problems identified during the engagement. The use of a valuation specialist by auditors, associated with higher inherent risk and client specialist use, is a key decision: procedures performed by specialists have the highest yield in identifying problems. Auditor-client discussion of an adjustment increases with problem identification and auditors’ expressions of residual concern about uncertainty post-testing. However, booked audit adjustments are infrequent; the only factors explaining income-decreasing adjustments are better evidential support and breadth of problems identified.
650	1	4	_991036 _aContabilidad _vPublicaciones seriadas
650	2	4	_991050 _aAuditoría _vPublicaciones seriadas
700	1		_aBedard, Jean C. _9177550
773	0		_082265 _9377623 _aThe accounting review 2017 V.92 No.4 (Jul) _o0000002032283 _x0001-4826 (papel) _h34 páginas _nIncluye figuras, tablas, referencias bibliográficas y apéndices
942			_2ddc _cART