tailieunhanh - Factors Affecting Audit Quality in the 2007 UK Regulatory Environment: Perceptions of Chief Financial Officers, Audit Committee Chairs and Audit Engagement Partners

Consequently, as the scope and design of the WTC have evolved, particularly in response to the national symbolic objectives and security concerns that have permeated the development, the required costs of rebuilding have correspondingly expanded. The objective of completing the Memorial by the ten‐year anniversary of September 11 became a public mandate to reflect the profound national symbolism of the WTC’s timely resurrection. To meet this timeline, the Port Authority had to incur significant costs related to the acceleration of the WTC construction program. The level of dedication by the Port Authority, from daily involvement of certain members of its Board of Commissioners, to on site construction personnel, has been unwavering. By the time of its completion, in addition to third party funding, the Port Authority will likely spend over $ billion dollars of its own capital in this historic endeavor. The recent opening of the Memorial on September 11, 2011 marked the end of an extraordinarily difficult decade for the agency and the beginning of a new chapter in its history. . | Factors Affecting Audit Quality in the 2007 UK Regulatory Environment Perceptions of Chief Financial Officers Audit Committee Chairs and Audit Engagement Partners Vivien Beattie a Stella Fearnleyb and Tony Hinesc Draft date April 2010 a Vivien Beattie corresponding author Professor of Accounting Dept. of Accounting and Finance University of Glasgow West Quadrangle Main Building University Avenue Glasgow G12 8QQ Tel. 44 0 141 330 6855 Email b Stella Fearnley Professor of Accounting Department of Accounting and Finance Bournemouth University Dorset House Talbot Campus Fern Barrow Poole Dorset BH12 5BB Tel. 44 0 1202 965829 Email . c. Tony Hines Principal Lecturer in Accounting Portsmouth Business School University of Portsmouth Richmond Building Portland Street Portsmouth PO1 3DE Tel. 44 0 23 92844156 Email Acknowledgments We would like to thank The Institute of Chartered Accountants in England and Wales charitable trusts for financial support on this project. Thanks also go to John Coombe Ken Lever Ian Percy and Gerald Russell who have acted as general advisors to the project including pilot testing the questionnaire Steve Maslin who also helped pilot test the questionnaire and the 100 Group of Finance Directors the ICAEW s Audit and Assurance Faculty and eleven audit firms who gave their support. We gratefully acknowledge the helpful comments received on previous drafts of this paper from Sir John Bourn participants at the National Auditing Conference Exeter March 2009 and participants at the Fifth EARNet Symposium Valencia October 2009. Particular thanks go to the 498 individuals who completed the questionnaire on which this paper is based. 1 Factors Affecting Audit Quality in the 2007 UK Regulatory Environment Perceptions of Chief Financial Officers Audit Committee Chairs and Audit Engagement Partners ABSTRACT In line with global changes the UK regulatory regime for audit and corporate .