The discovery and reporting of internal control deficiencies prior to SOX-mandated audits
成果类型：
Article; Proceedings Paper
署名作者：
Ashbaugh-Skaife, Hollis; Collins, Daniel W.; Kinney, William R., Jr.
署名单位：
University of Iowa; University of Wisconsin System; University of Wisconsin Madison; University of Texas System; University of Texas Austin
刊物名称：
JOURNAL OF ACCOUNTING & ECONOMICS
ISSN/ISSBN：
0165-4101
DOI：
10.1016/j.jacceco.2006.10.001
发表日期：
2007
关键词：
摘要：
We use internal control deficiency (ICD) disclosures prior to mandated internal control audits to investigate economic factors that expose firms to control failures and managements' incentives to discover and report control problems. We find that, relative to non-disclosers, firms disclosing 1CDs have more complex operations, recent organizational changes, greater accounting risk, more auditor resignations and have fewer resources available for internal control. Regarding incentives to discover and report internal control problems, ICD firms have more prior SEC enforcement actions and financial restatements, are more likely to use a dominant audit firm, and have more concentrated institutional ownership. (c) 2006 Elsevier B.V. All rights reserved.
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