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Outside auditors should be wary of information provided by management, MU study shows

20:00 EDT 19 Mar 2017 | AAAS

(University of Missouri-Columbia) Nate Newton, assistant professor of accountancy in the Trulaske College of Business at the University of Missouri, and his co-authors asked practicing auditors to estimate expenses relating to a year-end fire at a fictional company. Newton and his co-authors found that a group given estimates supporting the company's preferred expenses were more than twice as likely to approve of management's preference compared to auditors who received a set of estimates more representative of the full range of potential expenses.

Original Article: Outside auditors should be wary of information provided by management, MU study shows

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