CPAs' Perceptions of the Emerging Multidisciplinary Accounting/Legal Practice

This paper reports the results of a survey of 219 American Institute of Certified Public Accountant members about legal services their public accounting firms currently offer and plan to offer in the future, and how they would organize their firm to deliver these services to clients. The survey is motivated by the legal profession's current investigation of whether to allow nonattorneys to share fees and become partners with nonattorneys and by the American Bar Association's call for evidence on the current existence of multidisciplinary practice (MDP). Forty-four states established MDP committees to recommend whether legal ethics rules should be relaxed to allow MDP. Relaxed ethics rules allow public accounting firms to employ attorneys to offer a full array of legal services to their clients. We find that public accounting firms already offer a number of legal services to their clients and are interested in increasing the offering of these services if allowed. The results also indicate that the size of the public accounting firm is likely to influence the types of legal services offered and the arrangements used to deliver the legal services to clients. The findings are important because they highlight the need for the legal and accounting professions to formulate rules regarding MDP.

Download Full-text

The Influence of Reputation of Public Accounting Firms on the Integrity of Financial Statements with Corporate Governance as the Moderating Variable

Binus Business Review ◽

10.21512/bbr.v9i3.4311 ◽

2018 ◽

Vol 9 (3) ◽

pp. 177-186 ◽

Cited By ~ 1

Author(s):

Nera Marinda Machdar ◽

Dade Nurdiniah

Keyword(s):

Corporate Governance ◽

Audit Committee ◽

Institutional Ownership ◽

Financial Statements ◽

Financial Statement ◽

Public Accounting ◽

Accounting Firms ◽

Accounting Firm ◽

The Public ◽

Public Accounting Firms

This research aimed to determine the effect of the reputation of the public accounting firm on the integrity of financial statements by including leverage and firm size as the control variables. This research also investigated the effects of corporate governance moderation that was proxied by the independent commissioner, institutional ownership, and audit committee in strengthening or weakening the reputation of the public accounting firms on the integrity of the financial statements. The population was manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2013-2015. The sample utilized the purposive sampling method and resulted in 34 manufacturing firms, so the total observations were 102 firms in all observed years. This research performed statistical data processing with EVIEWS 8. There are two main findings of this research. First, the reputation of public accounting firm affects the integrity of the financial statement. Second, corporate governance that utilizes the independent commissioners and institutional ownership strengthen the effect of the reputation of the public accounting firm on the integrity of the financial statement. However, corporate governance using audit committee weakens the reputation of the public accounting firm on the integrity of financial statements.

Download Full-text

Additional Certifications For CPA's: A Quality Control Issue

International Business & Economics Research Journal (IBER) ◽

10.19030/iber.v3i1.3651 ◽

2011 ◽

Vol 3 (1) ◽

Author(s):

Kristofer C. Neslund ◽

Arthur F. Hintz ◽

Michael W. Fedoryshyn

Keyword(s):

Quality Control ◽

Financial Planning ◽

Certified Public Accountant ◽

Public Accounting ◽

Accounting Firms ◽

Public Accounting Firms ◽

Public Accountant

Over the last twenty years public accounting firms have started to provide additional services other than attest services and tax preparation, such as business valuations and financial planning, which can be very profitable for the firms. However, the Certified Public Accountant (CPA) designation that has been used in many cases to market these services provides no assurance that the accountant is adequately trained in these new fields since CPA certification requires neither knowledge nor experience in these areas. This paper reviews the services being provided by accountants and the additional professional certifications available to help accountants deliver quality services consistent with the publics expectations of CPAs. In addition, firms that may be thinking of expanding into new niche areas can make sure that they hire professionals or train existing staff with the appropriate credentials.

Download Full-text

The effect of experience, competence, independence, and professionalism of auditors on fraud detection

The Indonesian Accounting Review ◽

10.14414/tiar.v5i1.494 ◽

2016 ◽

Vol 5 (1) ◽

pp. 95

Author(s):

Lingga Sulistyowati ◽

Supriyati Supriyati

Keyword(s):

Sampling Method ◽

Fraud Detection ◽

Sampling Technique ◽

Public Accounting ◽

Accounting Firms ◽

Accounting Firm ◽

The Public ◽

Independent Variables ◽

Dent Variable ◽

Public Accountant

This research aims to determine the effect of experience, competence, independence, and professionalism, as the independent variables, on fraud detection, as the depen-dent variable. The population of this research is the auditors who work for Public Accountant Firms in Surabaya. The sample used in this study consists of 58 audi-tors working in 12 Public Accounting Firms in Surabaya. Data are obtained through a survey of the questionnaires completed by senior accountants working in the Public Accounting Firm located in Surabaya City. The sampling technique is using purposive sampling method, and the research data are analyzed using mul-tiple regression analysis using SPSS version 20.00. The research results are ob-tained that the variables of experience, competence, and professionalism affect the fraud detection. But the variable of independence does not affect the fraud detection.

Download Full-text

Additional Certifications For CPA's: A Quality Control Issue

International Business & Economics Research Journal (IBER) ◽

10.19030/iber.v2i12.3873 ◽

2011 ◽

Vol 2 (12) ◽

Author(s):

Kristofer C. Neslund ◽

Arthur F. Hintz ◽

Michael W. Fedoryshyn

Keyword(s):

Quality Control ◽

Financial Planning ◽

Certified Public Accountant ◽

Public Accounting ◽

Accounting Firms ◽

Public Accounting Firms ◽

Public Accountant

Download Full-text

The Influence of Auditor’s Education Level, Accounting Education, Public Accountant Firm Size on Accounting Profession: Implication to Good Corporate Governance in Indonesia

Petra International Journal of Business Studies ◽

10.9744/ijbs.2.1.1-7 ◽

2019 ◽

Vol 2 (1) ◽

pp. 1-7

Author(s):

Mathius Tandiontong ◽

Candra Sinuraya ◽

Sondang Mariani Rajagukguk

Keyword(s):

Corporate Governance ◽

Education Level ◽

Accounting Education ◽

Accounting Profession ◽

Public Accounting ◽

Accounting Firms ◽

Accounting Firm ◽

Good Corporate Governance ◽

Public Accounting Firms ◽

Public Accountant

Principles of good corporate governance work well in every business entity, if the role of the accounting profession functions properly. For the accounting profession can play a good role is determined by the level of adequate auditor education, the quality of accounting education, magnitude and the number of public accounting firms spread evenly throughout the territory of Indonesia. The purpose of this study is to test empirically the influence of auditor education level, accounting education, the amount of public accounting firm to the accounting profession and its implications for the application of the principles of good corporate governance in Indonesia. The research method used in this research is descriptive verification by using quantitative approach. Data were collected through indirect communication techniques using questionnaires, limited interviews, and documentation studies in an effort to add explanatory elements to the survey results. The unit of analysis is the Public Accounting Firm in the island of Java. Sampling with simple random proportional method to 88 respondents received by researchers from 500 respondents sent. The technique of analysis and data testing is done by Path analysis. The results showed that: (1) There is a correlation between the level of accountant education with accounting education and the magnitude of public accounting firms with the level of keeratanya still at a moderate level. (2) Coefficient of Determination of Education Level Auditor, Accounting Education, and Quantity of Public Accounting Firm simultaneously have positive effect on Accounting Profession. However, partially the Auditor's Education Level and the Magnitude of Public Accounting Firm have an influence on the Accounting Profession is not significant. (3) There is influence of education level of Auditor, Accounting Education, Accountant Public Accountant Level and Accounting Profession partially or simultaneously to the application of Good Corporate Governance principles. Partially, however, the level of Education of Auditor and the magnitude of Public Accounting Firm influences the application of Good Corporate Governance principles but not significant.

Download Full-text

A Theoretical Framework of the Relationship between Public Accounting Firms and Their Auditors

Behavioral Research in Accounting ◽

10.2308/bria.2005.17.1.1 ◽

2005 ◽

Vol 17 (1) ◽

pp. 1-22 ◽

Cited By ~ 27

Author(s):

Elizabeth Dreike Almer ◽

Julia L. Higgs ◽

Karen L. Hooks

Keyword(s):

Future Research ◽

Public Accounting ◽

Accounting Firms ◽

The Public ◽

Sociology Of Professions ◽

Rich Description ◽

Public Accounting Firms ◽

Current Article ◽

The Relationship ◽

Significant Attention

The behavior of auditors in the context of their employment by public accounting firms has received significant attention in the accounting literature. The current article extends this literature by providing a framework that identifies what auditing professionals contribute and receive as a result of their work efforts, as well as related influences. Using agency theory modified with fundamental ideas from the sociology of professions literature, we develop a model of the auditor-public accounting firm employment relationship. This framework is grounded in a timely, contextually rich description of the public accounting work environment, and the pressures and incentives faced by auditors. Propositions for future research are suggested that arise from understanding the auditor-firm relationship.

Download Full-text

Perceptions of Educators, Accounting Students and Accountants Public Accountant against Ethics of Financial Statement Preparation (Studies at University and KAP in Semarang)

Budapest International Research and Critics Institute (BIRCI-Journal) Humanities and Social Sciences ◽

10.33258/birci.v4i1.1539 ◽

2021 ◽

Vol 4 (1) ◽

pp. 89-101

Author(s):

Imam Prayogo ◽

Teuku Afrizal

Keyword(s):

Financial Statements ◽

Financial Statement ◽

Accounting Students ◽

Survey Method ◽

Analysis Tool ◽

Validity And Reliability ◽

Public Accounting ◽

Accounting Firms ◽

Public Accounting Firms ◽

Public Accountant

This study aims to examine differences in perceptions between teaching accountants, accounting students, and accountants on the ethics of preparing financial statements. Ethical indicators for the preparation of financial statements are represented in earnings management, misstatements, disclosures, cost-benefits, and responsibilities. This research was conducted at universities and public accounting firms in Semarang. This research was conducted with a survey method of 70 respondents from teaching accountants, 75 accounting students, and 40 accountants respondents at universities and public accounting firms in Semarang. As an analysis tool, ANOVA is used for hypotheses H1, H2, H3, and H4. Before testing the hypothesis, first the validity and reliability tests are carried out for all the questionnaires that have been collected. Validity and reliability tests show that all data are valid and reliable. Then the questionnaire was tested by ANOVA and strengthened by the Independent Sample T Test. Anova results show that there are differences in perceptions between teaching accountants, accounting students and accountants. However, there was no difference in perceptions between teaching accountants and accountants. Therefore it can be concluded that there are differences in perceptions between teaching accountants, accounting students, and accountants on the ethics of preparing financial statements.

Download Full-text

FAKTOR-FAKTOR YANG MEMPENGARUHI AUDIT DELAY PADA PERUSAHAAN MANUFAKTUR YANG GO PUBLIK DI BEI

Jurnal Riset Akuntansi dan Keuangan ◽

10.21460/jrak.2015.112.12 ◽

2015 ◽

Vol 11 (2) ◽

pp. 117

Author(s):

Astuti Yuli Setyani

Keyword(s):

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Test Results ◽

Public Accounting ◽

Variable Size ◽

Accounting Firms ◽

Accounting Firm ◽

The Public

"> This study aims to examine empirically the effect of firm size, solvency, profitability, and thequality of public accounting firms (KAP) to the audit delay on manufacturing companieslisted in Indonesia Stock Exchange. This study focuses on companies listed on the IndonesiaStock Exchange. The data used are secondary data, the audited financial statements of 47companies listed in Indonesia Stock Exchange in 2009-2012. To test the hypothesis,performed multiple regression analysis that begins classic assumption test includingnormality, linearity, multicollinearity, heteroscedasticity and autocorrelation. The data usedhas met all the classical assumptions. Partial test results show that the variable size andvariable quality of the public accounting firm (KAP) that affect audit delay, while variablesolvency and profitability variable does not affect the audit delay.Keywords: audit delay, KAP, company’s size, profitability, solvency

Download Full-text

Comments by the Auditing Standards Committee of the Auditing Section of the American Accounting Association on the PCAOB Rulemaking Docket Matter No. 31: PCAOB Release No. 2010-005, Application of the “Failure to Supervise” Provision of the Sarbanes-Oxley Act of 2002 and Solicitation of Comment on Rulemaking Concepts

Current Issues in Auditing ◽

10.2308/ciia-50011 ◽

2011 ◽

Vol 5 (1) ◽

pp. C11-C15 ◽

Cited By ~ 2

Author(s):

Joseph Brazel ◽

James Bierstaker ◽

Paul Caster ◽

Brad Reed

Keyword(s):

Audit Quality ◽

Exposure Period ◽

Public Accounting ◽

Accounting Firms ◽

Accounting Firm ◽

The Public ◽

Sarbanes Oxley ◽

Public Company ◽

Auditing Standards ◽

Supervision Practices

SUMMARY: Recently, the Public Company Accounting Oversight Board (“PCAOB” or “Board”) issued a release to address, in two ways, issues relating to the responsibilities of a registered public accounting firm and its supervisory personnel with respect to supervision. First, the release reminds registered firms and associated persons of, and highlights the scope of, Section 105(c)(6) of the Sarbanes-Oxley Act of 2002 (“the Act”), which authorizes the Board to impose sanctions on registered public accounting firms and their supervisory personnel for failing to supervise reasonably an associated person who has violated certain laws, rules, or standards. Second, the release discusses and seeks comment on conceptual approaches to rulemaking that might complement the application of Section 105(c)(6) and, through increased accountability, lead to improved supervision practices and, consequently, improved audit quality. The PCAOB provided for a 91-day exposure period (from August 5, 2010, to November 3, 2010) for interested parties to examine and provide comments on the conceptual approaches to rulemaking that might complement the application of Section 105(c)(6). The Auditing Standards Committee of the Auditing Section of the American Accounting Association provided the comments in the letter below to the PCAOB on the PCAOB Release No. 2010-005, Application of the “Failure to Supervise” Provision of the Sarbanes-Oxley Act of 2002 and Solicitation of Comment on Rulemaking Concepts.

Download Full-text

EFFECT WORKLOAD, EXPERIENCE AND PROFESSIONAL AUDITOR VIGILANCE AGAINST FRAUD DETECTION (Empirical Study On Public Accounting Firm in South Jakarta area)

Archives of Business Research ◽

10.14738/abr.89.9055 ◽

2020 ◽

Vol 8 (9) ◽

pp. 130-145

Author(s):

Afly Yessie

Keyword(s):

Empirical Study ◽

Fraud Detection ◽

Certified Public Accountants ◽

The South ◽

Public Accounting ◽

Accounting Firm ◽

The Public ◽

Public Accountants ◽

Public Accountant

Abstract This study aims to examine the effects of the workload, experience, and professional awareness of auditors on the detection of fraud. This research was conducted on auditors working at the Public Accountant Firm (KAP) of the South Jakarta region registered with the Indonesian Institute of Certified Public Accountants (Certified) in 2018 using questionnaires. The results of the study indicate that the auditor's experience and professional vigilance has a significant effect on fraud detection. While the workload does not Significantly influence of fraud detection.

Download Full-text