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1、Auditing:AJournalofPractice&TheoryAmericanAccountingAssociationVol.34,No.4DOI:10.2308/ajpt-10296November2012pp.320InternalAuditAssistanceandExternalAuditTimelinessLawrenceJ.Abbott,SusanParker,andGaryF.PetersSUMMARY:Professionalstandardsguideexternalauditorstoc
2、onsidertheeffectoftheclient’sinternalauditworkandopportunitiestoutilizethedirectassistanceoftheinternalauditfunctionwhenplanningandconductingaudits.Weexaminetheeffectofinternalauditassistanceonexternalaudittimelinessviatheextentofexternalauditdelay.Wehypothesi
3、zeandfindthatinternalauditassistanceisnegativelyassociatedwithexternalauditdelay.Wealsodocumentmoderatingrelationshipsbetweeninternalauditassistanceandotherinternalauditenvironmentcharacteristics,suchastheextentofinternalcontrolreliance,coordinationwiththeexte
4、rnalauditor,andtheinvestmentininternalauditquality.Overall,ourfindingshaveimplicationsforfirmsandexternalauditorswhoareevaluatingtheroleanduseofinternalauditfunctions.Namely,ourfindingssuggestthatinternalauditassistancemaynotonlyresultinauditcostsavings,butals
5、oingreaterauditefficiencies.Thesefindingsareparticularlygermanegiventhechallengesfacedbyexternalauditorsintheformofgreaterauditrequirements,shorterregulatoryfilingdeadlines,resourceconstraints,andauditfeepressures.Keywords:internalauditassistance;auditdelay;au
6、ditefficiency;internalauditquality;internalcontrolreliance.INTRODUCTIONhisstudyexaminestheassociationbetweenexternalauditdelayandtheinternalauditTfunctions(IAFs)financialstatementauditassistance.Thetimelinessofauditedfinancialreportinghasbeenalongstandingconcernf
7、orvariousstakeholders,includingshareholders,managers,andregulators,aswellasinternalandexternalauditors(Lambertetal.2010;KrishnanandYang2009;Bamberetal.1993;GivolyandPalmon1982).TherecentacceleratedfilingrequirementsoftheSarbanes-OxleyAct(SOX)haveexacerbatedthep
8、ressureonfirmsandtheirauditorstoconductfinancialstatementauditsinatimelymanner(Bronsonetal.2011;Maslietal.2010;Ettredgeetal.2006;SEC2005).Thesetightreportingdeadlineshaveelevatedthei
