The Philosophy and Rhetoric of Auditor Independence Concepts

Abstract:This paper analyzes the rhetoric surrounding the profession’s presentations of auditor independence. We trace the evolution of the character of the auditor from Professional Man in the early years of the twentieth century to the more public and abstract figures of Judicial Man and Economic Man. The changing character of the auditor in the profession’s narratives of legitimation reflects changes in the role of auditing, in the economic environment, and in the values of American society. Economic man is a self-interested and shallow character who offered the auditing profession little protection against involvement in corporate scandals. In the wake of recent accounting scandals, the profession is calling for a return to the character of Professional Man to restore trust in audits and the financial markets.We also analyze the philosophical bases of the metaphors surrounding auditor independence. These metaphors, particularly the metaphor of independence as separation, create problems in conceptualizing independence concepts. How can you discuss appropriate relationships when your basic concept is one of separation, or no relationship? On the other hand, relational concepts of independence are also flawed if they are not based on a firm moral foundation. We suggest how the profession can act to rebuild its moral foundation through recognition of collective responsibility.

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Rethinking the role of business school in creating corporate managers

Journal of Governance and Regulation ◽

10.22495/jgrv9i4art12 ◽

2020 ◽

Vol 9 (4) ◽

pp. 139-148

Author(s):

Khurram Parvez Raja ◽

Muhammad Anowar Zahid

Keyword(s):

Financial Crises ◽

Business School ◽

Business Schools ◽

Business Organization ◽

New Professionals ◽

Corporate Managers ◽

Corporate Scandals ◽

New Type ◽

American Society

Distinguished from the traditional forms of business, namely proprietorship and partnership, a corporation emerged as a new type of business organization in the middle of the nineteenth century in American society, which accepted it only on the understanding that the corporate managers should be professionally well trained and socially beneficial (Khurana, 2010). In order to prepare these new professionals, the business schools came into being in America and elsewhere (Khurana, 2010). However, corporate scandals and financial crises of the late 20th and early 21st centuries posed a valid question about the originally expected role of corporate managers and, in turn, their educators, the business schools. This paper is an attempt to review the post-scandal notion of a corporation and the role of the managers propounded by Canals (2009) and others like Wilson (2004), Mesure (2008), and Koch (2010). It is a qualitative research that finds inadequacies with the existing scholarships and so re-conceptualizes corporation from a holistic perspective. Within that framework, it proposes that the business schools adopt a number of measures to prepare the corporate managers who would efficiently serve the interests of the shareholders and, at the same time, of other stakeholders equally including the society as a whole.

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JOHN BISHOP OF NIKIOU’S CHRONICON (SEVENTH CENTURY A.D.): AN INDISPENSABLE SOURCE FOR THE STUDY OF THE ARAB CONQUEST OF EGYPT AND ITS AFTERMATH*

Journal for Semitics ◽

10.25159/1013-8471/2555 ◽

2017 ◽

Vol 25 (2) ◽

pp. 748-768

Author(s):

V. Christides

Keyword(s):

Early Years ◽

Seventh Century ◽

Local People ◽

Historical Events ◽

Short Account ◽

Coptic Church

John, Bishop of Nikiou’s Chronicon is the oldest preserved work dealing with the Arab conquest of Egypt (639 A.D./H. 18–645 A.D./H. 25) and its initial aftermath. This little known author, who lived in Egypt in the seventh century, was a high official in the Coptic Church. His accurate depiction of all the relevant historical events, based mainly on his own remarkable observations, proves him to be a simple but well–balanced historian. My article focuses on three aspects of the Chronicon: (a) landholding under the early years of Arab dominion compared to the parallel information of the Greek papyri of Apollonopolis in a special appendix; (b) the attitude of the Arab conquerors of Egypt towards its population, and the reaction of the local people as perceived by John, Bishop of Nikiou; and (c) a short account on the elusive role of the Blues and Greens during the Arab conquest of Egypt as recorded by John of Nikiou.

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KEGAGALAN PRIVATISASI BUMN DI ERA REZIM ORDE BARU DALAM PERSPEKTIF EKONOMI POLITIK

Wacana Publik ◽

10.37295/wp.v12i02.16 ◽

2019 ◽

Vol 12 (02) ◽

Author(s):

Syamsul Ma'arif

Keyword(s):

Market Economy ◽

Free Market ◽

Dominant Role ◽

The State ◽

Early Years ◽

New Order ◽

Free Market Economy ◽

Economic Sectors ◽

Role Of The State

After had being carried out nationalization and hostility against west countries, the New Order regime made important decision to change Indonesia economic direction from etatism system to free market economy. A set of policies were taken in order private sector could play major role in economic. However, when another economic sectors were reformed substantially, effords to reform the State Owned Enterprises had failed. The State Owned Enterprise, in fact, remained to play dominant role like early years of guided democracy era. Role of the State Owned Enterprises was more and more powerfull). The main problem of reforms finally lied on reality that vested interest of bureaucrats (civil or military) was so large that could’nt been overcome.

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A Proposed Framework Emphasizing Auditor Reliability over Auditor Independence

Accounting Horizons ◽

10.2308/acch.2003.17.3.257 ◽

2003 ◽

Vol 17 (3) ◽

pp. 257-266 ◽

Cited By ~ 31

Author(s):

Mark H. Taylor ◽

F. Todd DeZoort ◽

Edward Munn ◽

Martha Wetterhall Thomas

Keyword(s):

Public Interest ◽

Auditor Independence ◽

Public Confidence ◽

Sufficient Condition ◽

Necessary And Sufficient Condition ◽

Accounting Profession ◽

The Public ◽

Necessary And Sufficient

This paper introduces an auditor reliability framework that repositions the role of auditor independence in the accounting profession. The framework is motivated in part by widespread confusion about independence and the auditing profession's continuing problems with managing independence and inspiring public confidence. We use philosophical, theoretical, and professional arguments to argue that the public interest will be best served by reprioritizing professional and ethical objectives to establish reliability in fact and appearance as the cornerstone of the profession, rather than relationship-based independence in fact and appearance. This revised framework requires three foundation elements to control subjectivity in auditors' judgments and decisions: independence, integrity, and expertise. Each element is a necessary but not sufficient condition for maximizing objectivity. Objectivity, in turn, is a necessary and sufficient condition for achieving and maintaining reliability in fact and appearance.

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CEO and CFO Equity Incentives and the Pricing of Audit Services

Auditing A Journal of Practice & Theory ◽

10.2308/ajpt-50650 ◽

2013 ◽

Vol 33 (2) ◽

pp. 1-25 ◽

Cited By ~ 18

Author(s):

B. Anthony Billings ◽

Xinghua Gao ◽

Yonghong Jia

Keyword(s):

Positive Association ◽

Audit Fees ◽

Internal Controls ◽

Audit Risk ◽

Pricing Decisions ◽

Equity Incentives ◽

Accounting Scandals ◽

Using Data ◽

Distinctive Role

SUMMARY: The alleged perverse role of managerial incentives in accounting scandals, and the distinctive role of auditors in identifying and intervening in attempted earnings manipulation, highlight the importance of explicitly considering executive incentive plans by auditors in the auditing process. By empirically testing auditors' responses to CEO/CFO equity incentives in planning and pricing decisions using data from 2002 through 2009, we document compelling evidence that CFO equity incentives are positively associated with audit fees and CEO equity incentives are not statistically related to audit fees, suggesting that auditors perceive heightened audit risk associated with CFO equity incentives. Our further analyses reveal that the positive association between CFO equity incentives and audit fees is more pronounced in firms with weak internal controls, indicating heightened risk associated with CFO equity incentives in this setting perceived by auditors. JEL Classifications: G30, G34, M42, M52.

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Cultural Consumption and Citizen Engagement—Strategies for Built Heritage Conservation and Sustainable Development. A Case Study of Indore City, India

Sustainability ◽

10.3390/su13052878 ◽

2021 ◽

Vol 13 (5) ◽

pp. 2878

Author(s):

Soniya Billore

Keyword(s):

Sustainable Development ◽

Cultural Heritage ◽

Secondary Data ◽

Collective Responsibility ◽

Citizen Engagement ◽

Cultural Consumption ◽

City Region ◽

The Sustainable Development ◽

Built Heritage

Cultural heritage is an invaluable asset of any city, region, or community and is an important component in the sustainable development of societies and economies. However, the role of cultural heritage has been understudied in terms of its social embeddedness and impact on social cohesion. This has led to a demand for more insights on how cultural heritage is conserved globally and more significantly via the role of societal stakeholders. Inclusive strategies allow diverse sections of a community to engage and enrich not only the anthropological interpretations of society but also support social stability and foster positive social change. This paper exemplifies how an inclusive approach was used to engage citizen engagement for the sustainable development of the built heritage in the city of Indore in central India. Best practices are presented through secondary data through various print and online sources relevant to the context. Open coding of secondary data has helped to identify strategic approaches and relationships that emerge as crucial to citizen engagement as presented in this study. The paper discusses strategies that, based on diversity and inclusivity, contribute to the enrichment of community knowledge, increased synergistic participation, and the enhancement of the sense of collective responsibility in cultural consumption.

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Das ‚Etwas nach dem Nichts‘: Marie-Louise von Motesiczkys Gemälde Gespräch in der Bibliothek

Internationales Archiv für Sozialgeschichte der deutschen Literatur ◽

10.1515/iasl-2021-0017 ◽

2021 ◽

Vol 46 (1) ◽

pp. 283-299

Author(s):

Susanna Brogi ◽

Elisabeth Gallas

Keyword(s):

Crucial Role ◽

Early Years ◽

The Holocaust ◽

Elias Canetti ◽

Book Collections

Abstract Marie-Louise von Motesiczky’s painting Gespräch in der Bibliothek (Conversation in the Library) relates back to a specific historical constellation insofar as it highlights the interwoven stories of Elias Canetti, Franz Baermann Steiner, and the painter herself, but also of H. G. Adler during the early years of their British exile. Although the painting does not include and likely does not even explicitly refer to H. G. Adler, he saved Steiner’s library from destruction, which made him an integral part of the intellectual exchange that is depicted here, since the library plays a central role in the portrait. Numerous notes and letters in Steiner’s and Adler’s estates testify to the close net of all four protagonists. The article discusses the crucial role of book collections as a mainstay of the three authors’ self-conception and intellectual self-positioning in the wake of the Holocaust, and the continuing impact of this intellectual network visible throughout the dispersed papers of the authors and the painter.

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Programming the Common Market: The Making and Failure of a ‘Dirigiste’ Europe, 1957–1967

Contemporary European History ◽

10.1017/s0960777321000242 ◽

2021 ◽

pp. 1-15

Author(s):

Hugo Canihac

Keyword(s):

European Integration ◽

European Economic Community ◽

Early Years ◽

Practical Reasons ◽

Economic Governance ◽

Economic Community ◽

European Economic ◽

History Of ◽

The Common

This article contributes to the debate about the history of the political economy of the European Economic Community (EEC). It retraces the efforts during the early years of the EEC to implement a form of ‘European economic programming’, that is, a more ‘dirigiste’ type of economic governance than is usually associated with European integration. Based on a variety of archives, it offers a new account of the making and failure of this project. It argues that, at the time, the idea of economic programming found many supporters, but its implementation largely failed for political as well as practical reasons. In so doing, it also brings to light the role of economists during the early years of European integration.

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