Hay Discussion Wei et al

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PRESENTATION OUTLINE

BENEFITS AND COSTS

OF THE NEW AUDIT REPORT

Untitled Slide

  • Exploratory
  • Enhanced audit reports
  • 2017 data
  • Quality
  • Audit fees
  • And . . . Whether issue already known

ISSUES

WHETHER ISSUES KNOWN; REASONS FOR HIGHER QUALITY

SUGGESTIONS

MORE QUALITY TESTS! WHY HIGHER FEES?

NEW ISSUES - ALL NEW?

MINOR POINTS

  • What is adoption?
  • Hypothesis for new issue?
  • More testing of new issue
  • Extent of adoption?
  • “I”, “my”

BENEFITS AND COSTS

DISCUSSION BY DAVID HAY

David Hay

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