Strategic audit policies without commitment

Kalyan Chatterjee, Sanford Morton, Arijit Mukherji

Research output: Chapter in Book/Report/Conference proceedingChapter

3 Scopus citations

Abstract

This chapter constructs and analyzes a simple auditing model in order to answer questions concerning three principal issues: (i) the information contained in the report, (ii) commitment to the audit policy, and (iii) audit effort. The approach taken is based on the concept of perfect Bayesian equilibrium. We attempt to examine the nature of such equilibria and arguments as to which equilibrium one would expect to observe.

Original languageEnglish (US)
Title of host publicationSpringer Optimization and Its Applications
PublisherSpringer International Publishing
Pages407-436
Number of pages30
DOIs
StatePublished - Jan 1 2008

Publication series

NameSpringer Optimization and Its Applications
Volume17
ISSN (Print)1931-6828
ISSN (Electronic)1931-6836

All Science Journal Classification (ASJC) codes

  • Control and Optimization

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    Chatterjee, K., Morton, S., & Mukherji, A. (2008). Strategic audit policies without commitment. In Springer Optimization and Its Applications (pp. 407-436). (Springer Optimization and Its Applications; Vol. 17). Springer International Publishing. https://doi.org/10.1007/978-0-387-77247-9_15