The Centre for Audit Quality (CAQ) has announced that it will provide five grants to fund academic research on projects of interest to the auditing profession under its research grant programme.

The five projects selected to receive grants are:

  • Improving auditors’ consideration of evidence contradicting management’s complex estimate by assumptions,
  • Auditing non-GAAP measures,
  • Auditor use of root cause analysis and its effect on professional scepticism and judgment in an integrated audit,
  • Deception in the audit environment: the hidden benefit of email communication,
  • A “Perfect Storm” for professional scepticism among senior auditors: depletion, reversion to staff processing habits, and complex tasks.

CAQ’s executive director, Cindy Fornelli said: “The CAQ and the public company auditing profession enthusiastically support independent research to improve audit quality and better serve investors and our capital markets. We’re pleased to fund important academic research to help inform audit practice for the ninth year in a row.”

The CAQ research grant programme has been running for the past nine years and has funded research projects worth of over US$600,000 through its 35 awards, according to the CAQ.