Management bias across multiple accounting estimates

Seidel, Timothy A.; Simon, Chad; Stephens, Nathaniel M.

doi:10.1007/s11142-019-09518-8

Cited by 11 publications

(1 citation statement)

References 45 publications

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“…Research highlights the extent to which management bias may consciously and subconsciously intrude on the determination and reporting of complex estimates (e.g., Seidel et al., 2020), with the potential for bias increasing as complexity and subjectivity increases. Given the inherent subjectivity and estimation uncertainty characterising sustainability estimates and forward‐looking information, we are concerned that the application material relating to management bias in estimates and forward‐looking information (i.e., paragraphs A393R, A394R and AA395R) is concerned only with reasonable assurance (i.e., paragraph 134R).…”

Section: Estimates and Forward‐looking Informationmentioning

confidence: 99%

Comments on Exposure Draft for Proposed ISSA 5000, sustainability assurance engagements by the Auditing and Assurance Standards Committee of AFAANZ

Hay,

Harding,

Biswas

et al. 2024

Accounting & Finance

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The Exposure Draft for Proposed International Standard on Sustainability Assurance (ISSA) 5000 has been issued by the International Auditing and Assurance Standards Board (IAASB) because there is increasing demand by stakeholders for assurance of sustainability information. Our recommendations include: (i) a more flexible approach to ethics and quality management instead of the requirements for standards that are at least as demanding as the accounting profession's standards; (ii) more differentiation between the requirements for limited as opposed to reasonable assurance and (iii) more cautious use of the term materiality and clearer definitions of the different materiality concepts to avoid potential confusion.

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Section: Estimates and Forward‐looking Informationmentioning

confidence: 99%