NEW YORK (February 7, 2017) – The American Institute of CPAs' (AICPA) Assurance Research Advisory Group (ARAG) has announced two awards for funding and/or access to accounting firm personnel for research that addresses assurance topics of interest to the CPA profession.
ARAG, a group of practitioners and academics formed in collaboration with the American Accounting Association, issued a request for proposals last July. After reviewing submissions, ARAG has selected the following projects for approval:
“Identifying Significant Components and Determining Component Materiality in Group Audits: Does a Focus on Size Miss the Mark?” by Ann G. Backof, PhD, CPA, Assistant Professor, University of Virginia, Brant E. Christensen, PhD, CPA, Assistant Professor, University of Missouri-Columbia, Steven M. Glover, PhD, CPA, Professor of Accountancy and Associate Dean, Brigham Young University and Jaime J. Schmidt, PhD, CPA, Associate Professor, University of Texas at Austin
“Lost in Translation? A Comparative Analysis of Auditors’ Perceptions of the Firms’ Tone at the Top” by Veena L. Brown, PhD, CPA, Assistant Professor, University of Wisconsin – Milwaukee, Christine E. Earley, PhD, CPA, Professor, Providence College and Kerri-Ann Sanderson, PhD, CPA, Assistant Professor, Bentley University
“We were impressed by the range and thoughtfulness of the submissions,” said Susan S. Coffey, CPA, CGMA, Association of International Certified Professional Accountants’ Executive Vice President for Public Practice. “The two projects that rose to the top should result in useful insights into the behaviors and factors that can influence private company auditing. We look forward to reviewing the research when completed. It is an important facet of our comprehensive commitment to enhance audit quality.”