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作者：Westermann, Kimberly D.; Cohen, Jeffrey; Trompeter, Greg
作者单位：California State University System; California Polytechnic State University San Luis Obispo; Boston College; State University System of Florida; University of Central Florida
摘要：The objective of our article is to obtain a better understanding of how auditors anticipate the potential for PCAOB inspection, experience the inspection, cope with the consequences of the inspection, and understand the PCAOB's influence within the context of professionalism. We use a qualitative approach that uses both surveys (55) and interviews (20) of auditors (of varying rank and firm) across a five-year period (2012-2017). Respondents suggest that PCAOB inspectors are powerful, represent...
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作者：Czerney, Keith; Schmidt, Jaime J.; Thompson, Anne M.
作者单位：University of Missouri System; University of Missouri Columbia; University of Texas System; University of Texas Austin; University of Illinois System; University of Illinois Urbana-Champaign
摘要：This article investigates whether investors respond to explanatory language (EL) added to unqualified audit reports. Although prior research finds an association between auditor EL and lower financial reporting quality, surveys suggest that many investors limit their attention to the unqualified nature of the opinion. We use three-day abnormal returns and abnormal trading volume to measure investor response to EL in unqualified audit reports issued from 2000 to 2014. We find little evidence to...
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作者：Cade, Nicole L.; McVay, Sarah E.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University of Washington; University of Washington Seattle
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作者：Ahmed, Anwer S.; Christensen, Brant E.; Olson, Adam J.; Yust, Christopher G.
作者单位：Texas A&M University System; Texas A&M University College Station; University of Oklahoma System; University of Oklahoma - Norman; University System of Ohio; University of Cincinnati
摘要：We investigate the effect of executives and directors with prior banking crisis experience on bank outcomes around the global financial crisis (GFC). Executives and directors with previous experience leading banks through a bank crisis may have been uniquely able to understand the risks, recognize the warnings signs early, and thus respond more effectively to the GFC. Controlling for other executive, director, and bank-level characteristics, we examine whether bank performance, risk taking, an...
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作者：Cooper, David J.; Ezzamel, Mahmoud; Robson, Keith
作者单位：University of Alberta; University of Edinburgh; Cardiff University; Hautes Etudes Commerciales (HEC) Paris
摘要：This field study examines the workings of multiple performance measurement systems (PMSs) used within and between a division and Headquarters (HQ) of a large European corporation. We explore how multiple PMSs arose within the multinational corporation. We first provide a first-order analysis which explains how managers make sense of the multiplicity and show how an organization's PMSs may be subject to competing processes for control that result in varied systems, all seemingly functioning, bu...
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作者：Rozenbaum, Oded
作者单位：George Washington University
摘要：EBITDA is a commonly used performance measure for (i) valuation, (ii) debt contracting, and (iii) executive compensation. The widespread use of EBITDA by stakeholders may induce managers to focus their attention on EBITDA. Since EBITDA excludes various expenses, managers who fixate on EBITDA may underweight the excluded expenses when determining their firms' investments in capital and leverage levels. I find that managers who fixate on EBITDA overinvest in capital and overlever their firm rela...
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作者：Reid, Lauren C.; Carcello, Joseph V.; Li, Chan; Neal, Terry L.
作者单位：Wake Forest University; University of Tennessee System; University of Tennessee Knoxville; University of Kansas
摘要：While substantial revisions to auditor reporting requirements are being implemented internationally, the impact of these reforms on financial reporting quality is unknown. We exploit the United Kingdom's recent auditor reporting changes and find that the United Kingdom's new reporting regime is associated with an improvement in financial reporting quality as proxied by significant decreases in absolute abnormal accruals and the propensity to just meet or beat analyst forecasts, and a significa...
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作者：Drake, Michael S.; Hales, Jeffrey; Rees, Lynn
作者单位：Brigham Young University; University System of Georgia; Georgia Institute of Technology; Utah System of Higher Education; Utah State University
摘要：We survey a broad group of professionals who use financial statements as part of their job to assess the extent to which they believe financial reports suffer from disclosure overload. Consistent with the claims made by regulators, auditors, and preparers, we find that a significant portion of professional financial statement users believe disclosure overload is a problem. However, this group is in the minority, with about twice as many professional users believing that overload is not a probl...
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作者：Choi, Jong-Hag; Choi, Sunhwa; Myers, Linda A.; Ziebart, David
作者单位：Seoul National University (SNU); Lancaster University; Sungkyunkwan University (SKKU); University of Tennessee System; University of Tennessee Knoxville; University of Kentucky
摘要：We find that financial statement comparability enhances the ability of current period returns to reflect future earnings, as measured by the future earnings response coefficient (FERC). This suggests that comparability improves the informativeness of stock prices and allows investors to better anticipate future firm performance. In addition, using both the FERC and stock price synchronicity tests, we find that comparability increases the amount of firm-specific information (rather than market/...
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作者：Kadous, Kathryn; Proell, Chad A.; Rich, Jay; Zhou, Yuepin (Daniel)
作者单位：Emory University; Illinois State University; University of Illinois System; University of Illinois Urbana-Champaign
摘要：Regulation requires auditors to raise significant audit issues and concerns to the attention of audit engagement leadership and requires leadership to encourage such communication. This research demonstrates, using an experiment and a survey, that audit team members' willingness to speak up about such issues is associated with their intrinsic motivational orientation. Based on this result, we test whether audit leadership can leverage this relationship to increase speaking up, particularly whe...
