Washington, DC - The Center for Audit Quality (CAQ) today announced funding for three new academic research projects as a part of its continued support for independent auditing-related research.
The CAQ received 34 research proposals in response to the December 2014 request for proposals on topics such as audit quality indicators, professional skepticism, and audit committee effectiveness. After careful consideration of the proposals, the CAQ’s Research Advisory Board (RAB), comprised of members from the auditing profession and academia, selected the following projects to receive funding:
- “Auditing Internal Controls: The Interactive Effects of Auditor’s Involvement in the Audit and Client’s Cooperation” by Tim Brown, University of Illinois at Urbana-Champaign; Christopher Agoglia, University of Massachusetts -Amherst; Eldar Maksymov, Arizona State University; and Ryan Guggenmos, Cornell University
- “How Does the Timing of Companies' Annual Earnings Releases Influence Auditors' Judgments?” by Patrick Hopkins, Lori Shefchik Bhaskar and Joseph Schroeder, Indiana University
- “The Elaboration Likelihood Model: A Meta-theory for Understanding and Predicting Divergent Effects of Situational Variables on Auditors’ Attitudes of Professional Skepticism and Independence” by Emily Griffith, University of Wisconsin-Madison; Christine Nolder, Suffolk University; and Richard Petty, Ohio State University
This is the seventh year that the CAQ has funded scholarly academic research. “The CAQ is pleased to continue its support for this highly competitive process, and I commend the awardees for addressing these important issues that will inform the profession’s efforts to continuously improve audit quality,” said CAQ Executive Director Cindy Fornelli.
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The Center for Audit Quality (CAQ) is an autonomous public policy organization dedicated to enhancing investor confidence and public trust in the global capital markets. The CAQ fosters high quality performance by public company auditors, convenes and collaborates with other stakeholders to advance the discussion of critical issues requiring action and intervention, and advocates policies and standards that promote public company auditors’ objectivity, effectiveness, and responsiveness to dynamic market conditions. Based in Washington, DC, the CAQ is affiliated with the American Institute of CPAs. For more information, visit www.thecaq.org.