2期

最新文章

• How Do Audit Offices Respond to Audit Fee Pressure? Evidence of Increased Focus on Nonaudit Services and their Impact on Audit Quality AI翻译
  作者：Beardsley, Erik L.; Lassila, Dennis R.; Omer, Thomas C.
  作者单位：University of Notre Dame; Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Nebraska System; University of Nebraska Lincoln
  摘要：We investigate whether audit offices respond to audit fee pressure by increasing their focus on nonaudit services (NAS), as well as the combined effect of audit fee pressure and an increased focus on NAS on audit quality. We find a positive association between audit fee pressure and changes in NAS at the audit office level. We also find increased rates of client misstatement among audit offices that increase focus on NAS in the presence of audit fee pressure compared to audit offices that do n...
• Information Quality and Endogenous Project Outcomes AI翻译
  作者：Deng, Mingcherng; Nan, Lin; Wen, Xiaoyan
  作者单位：City University of New York (CUNY) System; Baruch College (CUNY); Purdue University System; Purdue University; Texas Christian University
  摘要：In this study, we show that when a firm needs external financing, information quality has real effects via financing contracts on the firm's input to influence its operational outcome. Interestingly, we find that higher information quality decreases overall efficiency. Our analysis highlights the importance of considering the role of information quality in the presence of the firm's input decision upon financing contracts. In particular, information quality has a feedforward effect on the firm...
• The Materiality of Accounting Errors: Evidence from SEC Comment Letters AI翻译
  作者：Acito, Andrew A.; Burks, Jeffrey J.; Johnson, W. Bruce
  作者单位：Michigan State University; University of Notre Dame; University of Iowa
  摘要：We gain unique insights into materiality judgments about accounting errors by examining SEC comment letter correspondence. We document that managers typically use multiple quantitative benchmarks in their materiality analyses, with earnings being the most common benchmark. In most of the cases we review, managers deem the error immaterial despite its exceeding the traditional 5 percent of earnings rule of thumb, often in multiple periods and by a large degree. Instead of attempting to conceal ...
• Are Risk Factor Disclosures Still Relevant? Evidence from Market Reactions to Risk Factor Disclosures Before and After the Financial Crisis AI翻译
  作者：Beatty, Anne; Cheng, Lin; Zhang, Haiwen
  作者单位：University System of Ohio; Ohio State University; University of Arizona; University of Minnesota System; University of Minnesota Twin Cities
  摘要：The SEC's Disclosure Effectiveness Initiative (December 2013) highlights a difference between accounting regulators and academics in their perceptions of Item 1A risk factor disclosure effectiveness. Because most academic evidence relies on pre-financial crisis data, we compare changes in risk factor disclosure informativeness before and after the crisis as a possible explanation for this disconnect. We further explore this discrepancy by considering (i) three classes of market participants, (...
• Do Clients Get What They Pay For? Evidence from Auditor and Engagement Fee Premiums AI翻译
  作者：Moon, James R., Jr.; Shipman, Jonathan E.; Swanquist, Quinn T.; Whited, Robert L.
  作者单位：University of Arkansas System; University of Arkansas Fayetteville; University of Alabama System; University of Alabama Tuscaloosa; North Carolina State University
  摘要：Despite the intuitive appeal, prior research finds mixed evidence on whether higher audit fees translate to superior audit quality. Under the assumption that product differentiation between auditors is based, in large part, on the level of financial statement assurance, we propose more refined measures of excess audit fees that separate auditor premiums from other fee premiums. Consistent with our conjecture, we identify significant variation in audit pricing across auditors (i.e., auditor pre...
• Discussion of Relative Effects of IFRS Adoption and IFRS Convergence on Financial Statement Comparability AI翻译
  作者：Hopkins, Patrick E.
  作者单位：Indiana University System; Indiana University Bloomington
• Transparency, Information Shocks, and Tax Avoidance AI翻译
  作者：Kerr, Jon N.
  作者单位：University System of Ohio; Ohio State University
  摘要：This study helps provide clarity to the prior mixed findings on the association between financial reporting transparency and tax avoidance by studying the effect that transparency has on tax avoidance in a cross-country sample through aggregate- and firm-level tests. Results using firm- and country-level (aggregate) measures of transparency and tax avoidance show that countries and firms with greater levels of transparency exhibit lower levels of tax avoidance and that the effect of country-le...
• Customers' Risk Factor Disclosures and Suppliers' Investment Efficiency AI翻译
  作者：Chiu, Tzu-Ting; Kim, Jeong-Bon; Wang, Zheng
  作者单位：Norwegian School of Economics (NHH); City University of Hong Kong; University of Waterloo
  摘要：This study examines the effect of downstream firms' (i.e., customers') risk factor disclosures contained in annual reports on the investment efficiency of upstream firms (i.e., suppliers). We find that more informative disclosures of customers' risk factors are associated with less under- or overinvestment by suppliers. In addition, this inverse association is stronger when the suppliers are at a bargaining disadvantage, when they operate in the durable goods industries, and when they are more...
• Relative Effects of IFRS Adoption and IFRS Convergence on Financial Statement Comparability AI翻译
  作者：Lin, Steve; Riccardi, William N.; Wang, Changjiang
  作者单位：State University System of Florida; Florida International University; State University of New York (SUNY) System; University at Albany, SUNY; University System of Ohio; University of Cincinnati
  摘要：One of the primary objectives of both adoption of IFRS and convergence between IFRS and U.S. GAAP is to increase financial statement comparability. Using a unique setting in Germany, we compare the effectiveness of these two approaches in achieving this desired outcome. Our empirical tests show that both adoption and convergence lead to an increase in comparability after the new enforcement regulation in 2005. However, difference-in-differences tests show that adoption does not lead to a signi...
• The Effects of Biasing Performance Measurement Systems on Incentives and Retention Decisions AI翻译
  作者：Balakrishnan, Ramji; Drymiotes, George; Sivaramakrishnan, Konduru
  作者单位：University of Iowa; Texas Christian University; Rice University
  摘要：We examine a principal-agent setting in which the principal uses a performance measurement system for multiple purposes-to provide incentives and for retention decisions. The principal chooses the nature and extent of bias in the system, which determines whether the performance report is stringent, neutral, or lenient relative to the unobservable actual outcome. We show that when the report is used only for incentive purposes (an incentive role), stringency alleviates moral hazard. On the othe...