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作者：Gimbar, Christine; Mercer, Molly
作者单位：DePaul University
摘要：To effectively manage audit risk, auditors must correctly predict the potential litigation and reputation consequences associated with inaccurate accounting estimates. Accurate predictions are critical because underestimation of negative consequences leads to excess legal exposure and overestimation leads to overauditing. Our paper examines whether auditors correctly anticipate these litigation and reputation outcomes. We provide manager- and partner-level auditors with case facts from an audi...
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作者：Ramalingegowda, Santhosh; Utke, Steven; Yu, Yong
作者单位：University System of Georgia; University of Georgia; University of Connecticut; University of Texas System; University of Texas Austin
摘要：This study examines the relation between earnings management and block ownership of same-industry peer firms by a common set of institutional investors (common institutional ownership). This relation is important given the tremendous growth of common institutional ownership and the significant influence of blockholders on financial reporting. We hypothesize that common institutional ownership mitigates earnings management by enhancing institutions' monitoring efficiency and by encouraging inst...
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作者：Chahed, Yasmine
作者单位：University of Manchester; Alliance Manchester Business School; University of London; London School Economics & Political Science
摘要：How is it possible that British policymakers resisted market-based measurement for decades while financial economic concepts of decision making and valuation still gained widespread acceptance as a justification for accounting standard setting? This study introduces the concept of technologies of financialization to develop the theorizing of the rise of finance in the domain of accounting. Based on a genealogical history of narrative reporting in the United Kingdom, it demonstrates how referen...
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作者：Francis, Jere R.; Wang, Wei
作者单位：Maastricht University; University of Technology Sydney; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：We show that when banks and borrowers share the same audit firm, borrowers receive lower interest rates, after controlling for potentially confounding director connectedness. The common auditor effect is observed only for opaque borrowers, and is greatest when the same audit engagement office audits the bank and borrower. A common auditor connection also matters more for longer-tenured auditors, for geographically proximate borrowers, and when the syndicate involves fewer lenders. The effect d...
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作者：Bae, Gil S.; Choi, Seung U. K.; Lamoreaux, Phillip T.; Lee, Jae E.
作者单位：Korea University; Kyung Hee University; Arizona State University; Arizona State University-Tempe; Hongik University
摘要：We examine the relation between low-quality internal controls and audit fee premiums. Using a novel data set of audit hours and audit fees we find, consistent with the audit risk model, that auditors increase their effort (hours) owing to low internal control quality. We find that auditorsalsocharge a significant fee premium to clients with internal control weaknesses. This premium is observed for severe internal control weaknesses and companies with low-quality alternative governance mechanis...
