The association between individual audit partners' risk preferences and the composition of their client portfolios

• 成果类型: Article
• 署名作者: Amir, Eli; Kallunki, Juha-Pekka; Nilsson, Henrik
• 署名单位: Tel Aviv University; City St Georges, University of London; University of Oulu; Stockholm School of Economics
• 刊物名称: REVIEW OF ACCOUNTING STUDIES
• ISSN/ISSBN: 1380-6653
• DOI: 10.1007/s11142-013-9245-8
• 发表日期: 2014
• 页码: 103-133
• 关键词: conservatism; personality; management; LITIGATION; BEHAVIOR; office

摘要

We explore whether audit partners' attitude towards risk, as measured by their personal criminal convictions, are reflected in the composition of their client portfolios. Analyzing a unique dataset of Swedish audit partners' criminal convictions, we find that the clients of audit partners with criminal convictions are characterized by greater financial, governance, and reporting risk than those of audit partners without criminal convictions. Also, clients of audit partners with criminal convictions pay larger audit fees, on average, than those of auditors without criminal convictions.