AICPA Recognizes and Supports Assurance-Related Research For Second Year

Audit Quality, Evolving Skillset Among the Topics Examined

February 26, 2018

NEW YORK (February 26, 2018) – The American Institute of CPAs’ (AICPA) Assurance Research Advisory Group (ARAG) has announced three awards for funding and/or access to accounting firm personnel for research that addresses important assurance topics of interest to the CPA profession.

ARAG, a group of practitioners and academics formed in collaboration with the American Accounting Association, received sixteen submissions in its second year of supporting research aimed at enhancing audit quality. All proposals were related to:

  • Audit Quality
  • Evolving Skillsets
  • Risk Assessment and Response
  • Sufficiency and Appropriateness of Audit Evidence

After reviewing submissions, ARAG selected the following research projects for approval:

  • “Auditing with Data and Analytics: External Reviewer Perceptions of Audit Quality” by Scott Emett, Ph.D., Assistant Professor, Arizona State University; Steven Kaplan, Ph.D., Director and KPMG Professor of Accountancy, Arizona State University; Jeffrey Pickerd, Ph.D., Assistant Professor, University of Mississippi and Elaine G. Mauldin, Ph.D., CPA, BKD Professor of Accountancy, University of Missouri.
  • “Analyzing the Audit Risk Assessment Process: Real World Insights” by Mark Beasley, PhD, CPA, Professor of Accounting, North Carolina State University and Omar Watts, PhD, CPA, Assistant Professor of Accounting, St. John Fisher College.
  • “Non-Global Network Firms’ Use of Technology-Based Audit Tools and Implications for Audit Quality” by Jay C. Thibodeau, PhD, CPA, Rae D. Anderson Professor of Accountancy, Bentley University and Annie L. Witte, PhD Student, Bentley University.

“We thank all who submitted proposals,” said Susan S. Coffey, CPA CGMA, Association of International Certified Professional Accountants’ Executive Vice President for Public Practice. “Audit data analytics, risk assessment, and the use of technology – topics that will be addressed in this latest round of research – are important facets of our Enhancing Audit Quality initiative. The three selected projects have the potential to provide important audit and assurance insights.”