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Abstracts prior to volume 5(1) have been archived!

Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106)



JOURNAL OF ACCOUNTING AND FINANCE

Audit Experience, Accounting Education and Perceptions about the
Efficacy of Sarbanes-Oxley and the PCAOB


Author(s): Darryl Lee Brown, Keith T. Jones

Citation: Darryl Lee Brown, Keith T. Jones, (2011) "Audit Experience, Accounting Education and Perceptions about the Efficacy of Sarbanes-Oxley and the PCAOB" Vol. 11, Iss. 2, pp. 58 - 68

Article Type: Research paper

Publisher: North American Business Press

Abstract:

Since the passage of SOX and the creation of the Public Company Accounting Oversight Board (PCAOB), considerable debate exists about the necessity, cost, and efficacy of the legislation. We examine perceptions about the efficacy of SOX and the PCAOB and whether these perceptions are associated with beliefs about increased auditor responsibilities. Results show that greater self-reported knowledge of the PCAOB is associated with stronger beliefs that audit quality has improved. Additionally, knowledge of SOX is indirectly associated with perceptions of improved audit quality, through a belief that auditors’ responsibilities increased because of SOX. These results lend some indirect support to claims that investor confidence has been restored, at least with respect to the audit of the financial statements. However, respondents with audit experience tend to believe less strongly that auditors’ responsibilities have increased, and are generally less convinced than those with no audit experience about the efficacy of the legislation.