Culture and the Assessment of Control Risk: A Cross-Cultural Study of Taiwanese and American Auditors
Date Issued
2012
Date
2012
Author(s)
Sabath, Simeon
Abstract
The aim of this study is to determine if the cultural orientations of Taiwanese and American auditors influence their judgments differently when assessing internal control risk. Prior research has suggested this, however these studies use arbitrary scales to rank risks that are not commonly used in the accounting profession. Therefore, a more practical approach to risk assessment using a common three-tier ranking scale is warranted. Questionnaires were administered to auditing professionals at various Big 4 accounting firms in Taiwan and the United States requiring them to assess a control risk scenario. The results suggested that despite differences in national culture, there were no significant variances in how Taiwanese and Americans auditors assessed control risk. Furthermore, auditors who were more educated, older and had higher position were less likely to revise their initial risk assessment. The implications are discussed further in this study.
Subjects
internal controls
control risk
auditing
cultural differences
Type
thesis
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