Substantial audit expectation

The purpose of this study is to explore the views of independent external auditors, financial statements’ preparers and financial statements’ users regarding the general responsibilities of auditors with a focus on their responsibility for fraud detection.

12p kelseynguyen 26-05-2020 23 1   Download

We also demonstrate that optimal portfolios of mutual funds are in°uenced substantially by prior beliefs about both managerial skill and pricing models. For example, consider two investors who both rule out managerial skill but believe strongly in di®erent models: one believes in the CAPM while the other embraces a four-factor model. If either investor is forced to hold the portfolio chosen by the other, the resulting ex ante loss is about 60 basis points per month in certainty equivalent return.

211p thangbienthai 22-11-2012 57 8   Download