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AUDITING, LITIGATION & TAX ABSTRACTS"International Audit Approaches in the Insurance Sector"
GIN CHONG, Prairie View A&M University This paper identifies twelve procedures deemed challenging to the auditors in the insurance sector. Semi structured interviews with the technical partners of two Big Four firms based in Texas reveal that the US auditors use the Practice Note 20 (The audit of insurers in the United Kingdom) issued by the Auditing Practices Board (UK) as a basis to conduct the audits. Due to complexity, the auditors need to be diligent while discharging their duties of care. Results have implications to the public policy authorities, stakeholders and audit profession. "Computer Peripherals, Inc. (A)"
MARK E. HASKINS, University of Virginia - Darden Graduate School of Business Administration Pat Coleman, new audit partner on the Computer Peripherals account, was feeling the pressure. The company's CEO insisted that the audit be completed by the following week, but Pat wondered whether issues the audit raised, such as increases in receivables and inventories, had been sufficiently investigated and satisfactorily resolved. Her hesitation could be attributed to her incomplete understanding of the factors that affect the company's substantial inventory position of XB-1500 printers, and of the reasons why some of its biggest accounts had growing outstanding balances. This case provides a context for students to consider an industry's product market environment and how it might influence one's thinking about a particular company's financial performance and practices. The A and B cases together may be used as part of an introductory audit course within the Understanding Client Constituencies module or as a stand alone pair of cases to help students understand the critical need for a broadened business perspective in the conduct of an audit of revenues and/or inventory. "Microsoft and the Tax Reform Act of 1986"
MARY MARGARET FRANK, University of Virginia - Darden Graduate School of Business Administration Students analyze an employer and an employee's preferences for nonqualified stock options versus incentive stock options. The employer is Microsoft because it issued large amounts of incentive stock options prior to its initial public offering (IPO), which occurred shortly before the Tax Reform Act of 1986 dramatically changed tax rates. | ||||||||||
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Solicitation of Abstracts
Auditing, Litigation and Tax publishes abstracts of empirical, theoretical and experimental papers on auditing, litigation against auditors and corporations, and tax and accounting issues. Papers on the role of audits and their pricing, the industrial organization of auditing, expert systems in auditing, human resource management in auditing and many more related auditing topics are relevant. Litigation issues include the prediction of lawsuits against auditors and their clients, relation of lawsuits to corporate market value, effects of legislation on litigation, etc. Tax and accounting issues include, among others, the impact of taxes on transfer pricing and the location decisions, the interrelation of taxes and auditing, effect of taxes on accounting choice, etc.
Distribution ServicesIf your Institution is interested in learning more about increasing readership for its research by becoming a Partner in Publishing or starting a Research Paper Series, please email: Management@SSRN.com. Distributed by:DirectorsARN SUBJECT MATTER EJOURNALS ROSS L. WATTS Please contact us at the above addresses with your comments, questions or suggestions for ARN-Sub. Advisory BoardAuditing, Litigation & Tax SARAH E. BONNER NICHOLAS DOPUCH WILLIAM L. FELIX MICHAEL GIBBINS ROBERT LIBBY THEODORE J. MOCK FREDERICK NEUMANN EDMUND OUTSLAY ZOE-VONNA PALMROSE DOUGLAS A. SHACKELFORD TERRY J. SHEVLIN IRA SOLOMON
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