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Book part
Publication date: 16 August 2011

Gia Chevis, Charles E. Davis and R. Kathy Hurtt

The accounting profession has consistently called for educators to assist in developing accounting students' skills beyond technical knowledge. As a result, our…

Abstract

The accounting profession has consistently called for educators to assist in developing accounting students' skills beyond technical knowledge. As a result, our institution has emphasized professional skills such as oral and written communication, teamwork, research, and time management alongside technical content. Yet, our students have had difficulty making the transition from school to work, that is, from backpack to briefcase. Specifically, they lacked a sense of professional identity and an awareness of the accounting profession's roles in business and society. To address this issue, we created a professional development program to transform students from uninformed freshmen to graduates who understand what it means to be an accounting professional. The chapter describes activities that encourage the development of a sense of professional purpose. Limited assessment of the innovation suggests increased student enthusiasm for the major as well as improved perceptions of professional success. The chapter also suggests means by which other accounting programs might reevaluate and revise their own activities to assist students as they transition to accounting professionals.

Details

Advances in Accounting Education: Teaching and Curriculum Innovations
Type: Book
ISBN: 978-1-78052-223-4

Article
Publication date: 22 June 2022

Sabrina Gong, Nam Ho, Justin Yiqiang Jin and Kiridaran Kanagaretnam

This study aims to examine declines in audit quality after the COVID-19 travel restrictions/stay-at-home orders were issued in the USA in early 2020.

Abstract

Purpose

This study aims to examine declines in audit quality after the COVID-19 travel restrictions/stay-at-home orders were issued in the USA in early 2020.

Design/methodology/approach

Taking advantage of variation in the dates of stay-at-home orders issued by different US states, this study identifies engagements that were significantly affected by the lock down orders.

Findings

The results suggest that engagements affected by the restrictions produced lower audit quality, as measured through restatements and discretionary accruals, relative to those completed before COVID-19 travel restrictions/stay-at-home orders. Further analysis reveals that this decrease in audit quality was attributable to firms with high inventory relative to assets, high R&D expenses relative to assets and non-Big 4 auditors.

Practical implications

This study finds that the restrictions on physical and on-site interaction caused auditors to universally struggle with resource/judgment-intensive accounts such as inventory and R&D expenditures. The results suggest that while Big 4 auditors managed to maintain their status quo level of audit quality following COVID-19 restrictions, non-Big 4 auditors were unable to overcome the challenges of an online work environment and their audit quality declined.

Originality/value

To the best of the authors’ knowledge, this paper is the first to empirically examine changes in audit quality as a response to a substantial change in auditors’ working environment due to the global health crisis. As work-from-home becomes more prevalent in audit firms, the results suggest that, on average, this move does diminish audit quality.

Details

Managerial Auditing Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0268-6902

Keywords

Content available
Book part
Publication date: 16 August 2011

Abstract

Details

Advances in Accounting Education: Teaching and Curriculum Innovations
Type: Book
ISBN: 978-1-78052-223-4

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