Do contrasting statements improve users’ understanding of different assurance levels conveyed in assurance reports?
We investigate in an experiment the effects of including statements contrasting the amount of assurance evidence collected and the relative level of assurance provided (‘contrasting statements’) on users' assurance assessment. We manipulated between subjects the type of assurance reports (limit...
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sg-ntu-dr.10356-940892023-05-19T06:44:42Z Do contrasting statements improve users’ understanding of different assurance levels conveyed in assurance reports? Low, Kin-Yew Boo, El'fred Nanyang Business School DRNTU::Business::Auditing We investigate in an experiment the effects of including statements contrasting the amount of assurance evidence collected and the relative level of assurance provided (‘contrasting statements’) on users' assurance assessment. We manipulated between subjects the type of assurance reports (limited versus reasonable assurance) and the presence of contrasting statements in the assurance report (with versus without). We also measured the participants' assurance knowledge (less versus more informed). We find that, under the current reporting regime which requires the inclusion of contrasting statements only in limited assurance reports, only more informed users can differentiate the extent of assurance conveyed in limited versus reasonable assurance reports. Extending the requirement of contrasting statements to reasonable assurance reports enables both less and more informed users to make stronger discerning assurance assessments between limited and reasonable assurance reports. We also find that users cannot distinguish between limited and reasonable assurance reports without contrasting statements. Overall results suggest that contrasting statements improve users' understanding of the different assurance levels conveyed in limited and reasonable assurance reports. 2012-05-03T08:28:38Z 2019-12-06T18:50:26Z 2012-05-03T08:28:38Z 2019-12-06T18:50:26Z 2011 2011 Journal Article Low, K. Y., & Boo, E. (2011). Do Contrasting Statements Improve Users’ Understanding of Different Assurance Levels Conveyed in Assurance Reports?. International Journal of Auditing, 16(1), 19-34. https://hdl.handle.net/10356/94089 http://hdl.handle.net/10220/7811 10.1111/j.1099-1123.2011.00439.x 164107 en International journal of auditing © 2011 Blackwell Publishing Ltd. 18 p. |
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DRNTU::Business::Auditing Low, Kin-Yew Boo, El'fred Do contrasting statements improve users’ understanding of different assurance levels conveyed in assurance reports? |
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We investigate in an experiment the effects of including statements contrasting the amount of assurance evidence collected and the relative level of assurance provided (‘contrasting statements’) on users' assurance assessment. We manipulated between subjects the type of assurance reports (limited versus reasonable assurance) and the presence of contrasting statements in the assurance report (with versus without). We also measured the participants' assurance knowledge (less versus more informed). We find that, under the current reporting regime which requires the inclusion of contrasting statements only in limited assurance reports, only more informed users can differentiate the extent of assurance conveyed in limited versus reasonable assurance reports. Extending the requirement of contrasting statements to reasonable assurance reports enables both less and more informed users to make stronger discerning assurance assessments between limited and reasonable assurance reports. We also find that users cannot distinguish between limited and reasonable assurance reports without contrasting statements. Overall results suggest that contrasting statements improve users' understanding of the different assurance levels conveyed in limited and reasonable assurance reports. |
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Nanyang Business School |
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Nanyang Business School Low, Kin-Yew Boo, El'fred |
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Article |
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Low, Kin-Yew Boo, El'fred |
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Low, Kin-Yew |
title |
Do contrasting statements improve users’ understanding of different assurance levels conveyed in assurance reports? |
title_short |
Do contrasting statements improve users’ understanding of different assurance levels conveyed in assurance reports? |
title_full |
Do contrasting statements improve users’ understanding of different assurance levels conveyed in assurance reports? |
title_fullStr |
Do contrasting statements improve users’ understanding of different assurance levels conveyed in assurance reports? |
title_full_unstemmed |
Do contrasting statements improve users’ understanding of different assurance levels conveyed in assurance reports? |
title_sort |
do contrasting statements improve users’ understanding of different assurance levels conveyed in assurance reports? |
publishDate |
2012 |
url |
https://hdl.handle.net/10356/94089 http://hdl.handle.net/10220/7811 |
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1770567441037918208 |