Communication Is a Two-way Street: Analyzing Approaches Undertaken to Systematically Transfer Audit Research Knowledge to Policymakers

66 Pages Posted: 16 Aug 2018 Last revised: 16 Jan 2019

See all articles by Steven Salterio

Steven Salterio

Queen's University - Smith School of Business

Kris Hoang

University of Alabama - Culverhouse College of Commerce & Business Administration

Yi Luo

Queen's University - Smith School of Business

Date Written: January 4, 2019

Abstract

We investigate different approaches to transferring audit research knowledge to audit standard setters from the past 50 years. These approaches taken by audit academics range from writing traditional research articles, to sitting on standard setting boards and task forces, to producing “literature reviews” in teams on topics identified by standard setters. Based on theories of communication, we classify each approach and evaluate its likelihood of effective systematic knowledge transfer. Our analysis suggests that the “literature reviews” approach has potential for effective systematic knowledge transfer between audit academic researchers and standard setters. We provide evidence supporting this theory-based conclusion from two studies. Our first study, a team based simulation, shows that literature reviews produced through the PCAOB-AAA Auditing Section Project can be employed as a basis to evaluate and suggest changes to existing standards. Our second study, a citation analysis of PCAOB exposure drafts, shows indirect evidence of audit research knowledge transfer, especially in more recent PCAOB standard setting. We present ways to make the “literature reviews” approach more effective by describing how research syntheses are produced in other evidence-based settings where systematic academic research knowledge transfer has taken place.

Keywords: audit standard setting, communication theory, knowledge transfer, barriers, evidence informed policy development

JEL Classification: M40, M42, M48, K23

Suggested Citation

Salterio, Steven E. and Hoang, Kris and Luo, Yi, Communication Is a Two-way Street: Analyzing Approaches Undertaken to Systematically Transfer Audit Research Knowledge to Policymakers (January 4, 2019). Available at SSRN: https://ssrn.com/abstract=3224709 or http://dx.doi.org/10.2139/ssrn.3224709

Steven E. Salterio (Contact Author)

Queen's University - Smith School of Business ( email )

Kingston, Ontario K7L 3N6
Canada
613-5336926 (Phone)

HOME PAGE: http://web.business.queensu.ca/faculty/ssalterio/

Kris Hoang

University of Alabama - Culverhouse College of Commerce & Business Administration ( email )

Culverhouse College of Business
Tuscaloosa, AL 35487-0223
United States

Yi Luo

Queen's University - Smith School of Business ( email )

143 Union Street
Kingston, Ontario
Canada

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