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In April 2014, FASB issued Accounting Standards Update (ASU) 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which is effective for fiscal years beginning after [...]

With the implementation of Statement of Financial Accounting Standards No. 157, Fair Value Measurements (FAS-157), in 2008, changes in the market values of financial assets began to appear on the [...]

A survey of chief audit executives reveals that 73% have five or more years of experience while 13% reported holding both certified internal auditor and certified public accountant certifications and 21% reported having neither certification. Results also show that 49% do not directly report to the audit committee. The characteristics of the internal audit departments surveyed are also discussed.

YOU KNOW THE FILE IS SOMEWHERE. Windows can locate it in a twinkling, no doubt. You click Start Search, type a word or two, click Search, and wait. And wait. […]

This study examines whether auditors, when making a series of similar, independent judgments are non-normatively influenced by their earlier judgments. Two judgment biases are considered: contrast effect and assimilation effect. We conducted an experiment where experienced auditors classified a number of commercial loans based on collection risk. The auditors' judgments displayed a significant contrast effect, and range-frequency theory explains a significant portion of the variance in their judgments (Parducci 1965). The results suggest that auditors tended to use the range principle more than the frequency principle to classify loans. This bias has potential implications for audit practice. By comparing auditors to graduate accounting students we find evidence that task experience moderates the magnitude of the judgment bias. Keywords: auditor judgment; context; contrast effect; range-frequency theory; bias; loan evaluation. Data Availability: Please contact the first author for data availability., INTRODUCTION Auditors make many judgments regarding company attributes during the audit process. Systematic biases in judgments can lead auditors to different conclusions regarding accounting and auditing issues. We examine whether [...]

Predictions are always perilous in the PC industry, but one thing's certain: Technology buying decisions won't become any easier in 2003. New gizmos--and old standbys with new shapes, sizes, and […]

From the loads of inexpensive accessories for desktop PCs, notebooks, and PDAs on the market, we selected 14 favorites that make computing easier and more productive. Our criteria: They had […]

There it sits on your desktop, day in and day out. Always ready to brighten on your command. (Well, almost always.) Willing to do your bidding at the touch of […]

Welcome to PC World's third annual roundup of best CD-ROMs. Last year more CD-ROM titles were released than ever before--nearly 2600, according to research firm PC Data. But it was […]

IN-CAR GPS devices have more features, are easier to use, and cost less than their predecessors of just a year ago. Using one can help you find the best route […]

SKY-HIGH GAS PRICES and bumper-to-bumper highways? Forget about 'em. We love our cars--always have and always will. New navigation devices, audio and video entertainment systems, and satellite-based trackers help smooth […]

TECHNOLOGIES THAT provide us with the greatest benefits often also expose us to great risks. In the case of the Internet, the risk is to your privacy, your files, your […]

Over the past 20 years, there has been a trend in the auditing profession towards greater levels of industry specialization. This trend is attributable both to increases in competition as [...]

EarthwebDeveloper.com Unless you have time on your hands, you should probably stay away from this site. The wealth of resources for Web developers at EarthwebDeveloper.com (www.webdeveloper.earthweb.com) is overwhelming--ranging from the […]

Web Techniques So you've posted a Web page, but now you've got no idea what to do with it? Web Techniques (www.webtechniques.com) will help you manage your creation, with articles, […]

Although the U.S. economy has shown signs of slowing, the unemployment rate remains at historically low levels. The low unemployment rate, in combination with the decrease in the number of [...]

WEB DESIGN SOFTWARE USING MICROSOFT'S FrontPage to create a Web site has always been like riding a bike with training wheels: You'll eventually get where you need to go, but […]

I DON'T WANT to be Fellini. I just want to transfer aging VHS tapes of classic horse races to a more stable medium. Creative Labs seems to have read my […]

WATCHMAKER Casio shifts its attention from techno-nerds to wannabe secret agents with its latest gadget, the Wrist Camera Watch WQV1D-8CR, which does double duty as a full-featured timepiece and a […]

WHEN THIS cell-phone base station is good, it's very good. Vox.Link resembles a standard charging cradle, not much larger than the phone itself. But while the cell recharges, Vox.Link permits […]

PDA watches and wafer-thin scanners [MP.sub.3] players with multiday planners Flat-panel speakers, a handheld that sings These are a few of our favorite things. E-mail on TVs and chairs ergonomic […]

IF YOU'RE A Pocket PC user feeling left out in a Palm-dominated world, Conduits Technologies has your invitation to the handheld party. Conduits' Peacemaker infrared-transfer utility will let you exchange […]

CASIO'S Cassiopeia EM-500 is one of a new--and more colorful--generation of Pocket PC handhelds that target the MP3 generation. Thanks to the Windows Media Player's support for Windows Media Audio […]

Each new wave of computer viruses, spies, and spam may have you ready to dust off your typewriter, but PC security can be effective without being a chore. To keep […]

THANKS FOR THE 'Clip & Save Bonus' foldout of keyboard shortcuts [September]. One error: - opens an existing document, not a new one. To open a new document, use -N. […]

PUBLISHING THE WAIT IS OVER for updated versions of Adobe Systems' popular design and desktop publishing programs--Photoshop, Illustrator, InDesign, and GoLive. And now you can get them individually or in […]

GO FIGURE. The two applications in Microsoft's new Office 2003 system that received the most extensive upgrade--Office FrontPage 2003, a Web design program; and Office Visio 2003 Standard, a business […]

MY CPA E-MAILED me a copy of the quarterly newsletter he sends to his clients, but the attachment didn't look right on my PC. Even worse, he said, some clients […]

In this study we experimentally test whether experienced auditors display a preference for confirmatory evidence when performing a routine part of a financial statement audit. We theorise that information auditors receive early during an audit leads them to form an initial belief about the correctness of an account balance. Subsequently, auditors may bias their evidence choices in a way that confirms their initial belief. We conducted a 2 × 2 between-subjects experiment with 97 experienced auditors. We manipulated whether early information came from a client's CFO or a firm partner and whether or not it supported the account balance as currently stated. We found that auditors selected more confirmatory evidence after receiving positive information from an audit partner compared to receiving the same information from a client's CFO. We found that experienced auditors selected more confirmatory evidence when the CFO provided negative information relative to when the CFO provided positive information.