Improving audit reports: a consensus between auditors and users

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dc.contributor.authorGoicoechea Zulaica, Estíbaliz
dc.contributor.authorGómez-Bezares Pascual, Fernando
dc.contributor.authorUgarte Susaeta, José Vicente
dc.date.accessioned2025-09-12T15:19:41Z
dc.date.available2025-09-12T15:19:41Z
dc.date.issued2021-04-29
dc.date.updated2025-09-12T15:19:41Z
dc.description.abstractAudit reports represent the only information stakeholders have about conducted audits and they are a key instrument used in economic and financial decisions. Improving audit reports should be a priority of regulators and auditors. The authors solicited perceptions from 212 experienced auditors and financial report users about the value of audit reports and ways to improve their format and content. An analysis of the responses suggests that adding information on audits (such as auditor’s responsibility about fraud) and on annual accounts and client’s information systems, without significant changes in the format, would improve the decision usefulness of audit reports. The growing sophistication of markets and reporting standards requires new information in audit reports, such as auditors’ conclusions about management’s estimates in annual accounts. The study is useful to regulators, auditors’ corporations, academics, and users and contributes to the current audit literature by providing evidence on consensus between auditors and users with regard to the format and content of audit reports.en
dc.description.sponsorshipThis paper was financially supported by Fundación Jesús de Gangoiti Barrera, Fundación Luis Bernaola and Deiker of the University of Deusto.en
dc.identifier.citationGoicoechea, E., Gómez-Bezares, F., & Ugarte, J. V. (2021). Improving audit reports: a consensus between auditors and users. International Journal of Financial Studies, 9(2). https://doi.org/10.3390/IJFS9020025
dc.identifier.doi10.3390/IJFS9020025
dc.identifier.eissn2227-7072
dc.identifier.urihttps://hdl.handle.net/20.500.14454/3615
dc.language.isoeng
dc.publisherMDPI
dc.rights© 2021 by the authors
dc.subject.otherAudit report
dc.subject.otherConsensus between auditors and users
dc.subject.otherInformation value for decision making
dc.titleImproving audit reports: a consensus between auditors and usersen
dc.typejournal article
dcterms.accessRightsopen access
oaire.citation.issue2
oaire.citation.titleInternational Journal of Financial Studies
oaire.citation.volume9
oaire.licenseConditionhttps://creativecommons.org/licenses/by/4.0/
oaire.versionVoR
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