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Article Citation:
Jodi L. Bellovary and Karla M. Johnstone (2007) Descriptive Evidence from Audit Practice on SAS No. 99 Brainstorming Activities. Current Issues in Auditing: December 2007, Vol. 1, No. 1, pp. A1-A11.
doi: http://dx.doi.org/10.2308/ciia.2007.1.1.A1

ARTICLES

Descriptive Evidence from Audit Practice on SAS No. 99 Brainstorming Activities

Jodi L. Bellovary, Karla M. Johnstone

Jodi L. Bellovary is a Ph.D. Candidate and Karla M. Johnstone is an Associate Professor, both at the University of Wisconsin–Madison.

SUMMARY: This paper describes how auditors conduct brainstorming sessions to comply with the requirements of SAS No. 99. We gather evidence by interviewing 22 auditors at all personnel levels across seven audit firms (including all of the Big 4 firms) and by observing actual brainstorming sessions. The results reveal how auditors prepare for brainstorming sessions and allow us to describe a typical four-step brainstorming session process. We describe brainstorming group interactions and provide evidence on brainstorming session outcomes in terms of fraud risk assessments, audit plan modifications, and budget modifications. Finally, we report how audit firms encourage professional skepticism during brainstorming.

Received: April 2007; Accepted: July 2007; Published Online: October 1, 2007

Cited by

Chad A. Simon. (2012) Individual Auditors' Identification of Relevant Fraud Schemes. AUDITING: A Journal of Practice & Theory 31:1, 1-16
Online publication date: 1-Feb-2012.
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Jacqueline S. Hammersley. (2011) A Review and Model of Auditor Judgments in Fraud-Related Planning Tasks. AUDITING: A Journal of Practice & Theory 30:4, 101-128
Online publication date: 1-Nov-2011.
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Jacqueline S. Hammersley, Karla M. Johnstone, and Kathryn Kadous. (2011) How Do Audit Seniors Respond to Heightened Fraud Risk?. AUDITING: A Journal of Practice & Theory 30:3, 81-101
Online publication date: 1-Aug-2011.
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Douglas M. Boyle, Dana R. Hermanson, Michael O. Mensah. (2011) Addressing the Accounting and Auditing Faculty Shortage: Practitioners' Perceptions of Academia. Current Issues in Auditing 5:1, A70-A85
Online publication date: 1-Jun-2011.
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James E. Hunton, Anna Gold. (2010) A Field Experiment Comparing the Outcomes of Three Fraud Brainstorming Procedures: Nominal Group, Round Robin, and Open Discussion. The Accounting Review 85:3, 911-935
Online publication date: 1-May-2010.
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