References in periodicals archive ?
Since the assuror's independence makes assurance valuable, both the assuree and the assuror should be interested in preserving independence.
The assuror may well be perceived as at least partially responsible for the assuree's enterprise system, and therefore not completely independent.
On assuror's independence: What are the implications for assuror independence of their overlapping roles as system developers, designers of controls, and third-party assurors?
Many issues arise concerning payment structures for continuous assurance, including what services will be provided, dealing with multiple customers, whether it is feasible to have more than one assuror in a firm at any given time, and how the free-rider phenomenon can be mitigated.
Assuring such complex systems requires a considerably higher level of system analysis and assuror competence.
It is now widely believed that the "archival audit" where the auditor comes in at the end of the year, examines statements, and issues ex post opinions will inevitably be supplemented, if not replaced, by a more timely, close-to-the-event semi-supervisory function, where independent assurors will work with both third-party stakeholders and firms to provide new forms of assurance products (Elliot 1997; CICA/AICPA 1999; Vasarhelyi forthcoming).