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作者：Pike, Byron J.; Curtis, Mary B.; Chui, Lawrence
作者单位：Minnesota State Colleges & Universities; Minnesota State University Mankato; University of North Texas System; University of North Texas Denton
摘要：Prior research demonstrates that knowledge of unaudited balances biases auditors' expectations during analytical procedures. What is less understood is how these biases affect auditors' subsequent investigations and their conclusions about the reasonableness of a particular balance. We employ the selective accessibility model to examine the differences in analytical procedure performance when auditor expectations are formed with versus without knowledge of the client's unaudited financial stat...
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作者：Francis, Jere R.; Michas, Paul N.
作者单位：University of Missouri System; University of Missouri Columbia; University of Arizona
摘要：We investigate if the existence of low-quality audits in an auditor office indicates the presence of a contagion effect on the quality of other (concurrent) audits conducted by the office. A low-quality audit is defined as the presence of one or more clients with overstated earnings that were subsequently corrected by a downward restatement. We document that the quality of audited earnings (abnormal accruals) is lower for clients in these office-years (when the misreporting occurred) compared ...
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作者：Buhr, Nola
作者单位：University of Saskatchewan
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作者：Laux, Rick C.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：This study empirically examines whether deferred taxes provide incremental information about future tax payments and explores whether the relationship is affected by whether and when the deferred tax accounts reverse. The analysis provides evidence that while deferred taxes do provide incremental information about future tax payments, the magnitude of the information is small. Further, consistent with theoretical predictions (Guenther and Sansing 2000, 2004; Dotan 2003) the analysis demonstrat...
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作者：Ball, Ray; Kothari, S. P.; Nikolaev, Valeri V.
作者单位：University of Chicago; Massachusetts Institute of Technology (MIT)
摘要：The concept of conditional conservatism (asymmetric earnings timeliness) has provided new insight into financial reporting and stimulated considerable research since Basu (1997). Patatoukas and Thomas (2011) report bias in firm-level cross-sectional asymmetry estimates that they attribute to scale effects. We do not agree with their advice that researchers should avoid conditional conservatism estimates and inferences from research based on such estimates. Our theoretical and empirical analyse...
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作者：De George, Emmanuel T.; Ferguson, Colin B.; Spear, Nasser A.
作者单位：University of Michigan System; University of Michigan; University of Melbourne
摘要：This study provides evidence of a directly observable and significant cost of International Financial Reporting Standards (IFRS) adoption, by examining the fees incurred by firms for the statutory audit of their financial statements at the time of transition. Using a comprehensive dataset of all publicly traded Australian companies, we quantify an economy-wide increase in the mean level of audit costs of 23 percent in the year of IFRS transition. We estimate an abnormal IFRS-related increase i...
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作者：Iskandar-Datta, Mai; Jia, Yonghong
作者单位：Wayne State University; Governors State University
摘要：We investigate the degree to which including a clawback provision in executive compensation contracts is an effective governance mechanism by documenting the impact of clawback adoption on stock prices. We expect this ex post settling-up mechanism to be beneficial because it diminishes financial reporting risks. In support of our hypotheses, we find that the shareholders of adopting firms experience statistically significant positive stock-valuation consequences relative to propensity-score-ma...
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作者：Ferguson, Andrew
作者单位：University of Technology Sydney
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作者：Hope, Ole-Kristian; Thomas, Wayne B.; Vyas, Dushyantkumar
作者单位：University of Toronto; University of Oklahoma System; University of Oklahoma - Norman; University of Minnesota System; University of Minnesota Twin Cities
摘要：Using a new database that contains accounting data for a large sample of U. S. private firms, we provide an investigation of financial reporting quality (FRQ) of U. S. private versus public firms. We find that in general public firms have higher accrual quality and are more conservative. The results are consistent with public firms' reporting reflecting greater demand for financial information. However, these reporting qualities of public firms are mitigated or eliminated in settings where pub...
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作者：Niemann, Rainer
作者单位：University of Graz
