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作者：Hoffman, Vicky B.; Zimbelman, Mark F.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Brigham Young University
摘要：The Public Company Accounting Oversight Board recently reported that its inspections show that auditors fail to effectively modify their standard audit procedures in response to fraud risk. Prior academic research is consistent with this finding. Our study examines the effects of two interventions on auditors' planning decisions in a high-fraud-risk setting: strategic reasoning and brainstorming in groups. Both interventions are predicted to lead auditors to more effectively modify their plann...
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作者：Acito, Andrew A.; Burks, Jeffrey J.; Johnson, W. Bruce
作者单位：University of Iowa; University of Notre Dame
摘要：We test conjectures about the determinants of materiality judgments by examining a financial reporting choice made by firms that discover errors in prior years' financial statements. From late 2004 to mid-2006, more than 250 U.S. firms uncovered and corrected operating lease accounting errors either by formal restatement-required for errors deemed material-or by a less visible current-period catch-up adjustment. We test the role of materiality considerations outlined in SAB No. 99 as well as f...
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作者：Laux, Christian; Laux, Volker
作者单位：Goethe University Frankfurt; University of Texas System; University of Texas Austin
摘要：We analyze the board of directors' equilibrium strategies for setting CEO incentive pay and overseeing financial reporting and their effects on the level of earnings management. We show that an increase in CEO equity incentives does not necessarily increase earnings management because directors adjust their oversight effort in response to a change in CEO incentives. If the board's responsibilities for setting CEO pay and monitoring are separated through the formation of committees, then the co...
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作者：Orpurt, Steven F.; Zang, Yoonseok
作者单位：Singapore Management University
摘要：Motivated by recent FASB, IASB, and CFA Institute comments, we explore the predictive value of direct method cash flow disclosures. A primary stated purpose of the direct method is to better forecast future performance. To examine this purpose, we first document that direct method line items, such as cash received from customers, are not reliably estimable using income statements and either balance sheets or indirect method statements of cash flows. When these estimation (articulation) errors ...
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作者：Hoitash, Udi; Hoitash, Rani; Bedard, Jean C.
作者单位：Northeastern University; Bentley University; University of New South Wales Sydney
摘要：This study examines the association between corporate governance and disclosures of material weaknesses (MW) in internal control over financial reporting. We study this association using MW reported under Sarbanes-Oxley Sections 302 and 404, deriving data on audit committee financial expertise from automated parsing of member qualifications from their biographies. We find that a lower likelihood of disclosing Section 404 MW is associated with relatively more audit committee members having acco...
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作者：Simnett, Roger; Vanstraelen, Ann; Chua, Wai Fong
作者单位：University of New South Wales Sydney; Maastricht University; University of Antwerp
摘要：Globally, companies increasingly publish separate general purpose, non-financial (sustainability) reports. Some of these are independently assured and assurers may or may not be from the auditing profession. We seek to understand this emerging voluntary assurance market. Using a sample of 2,113 companies (from 31 countries) that produced sustainability reports between 2002-2004, we use sequential logit analysis to identify the factors associated with the decision to voluntarily purchase assura...
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作者：Casterella, Jeffrey R.; Jensen, Kevan L.; Knechel, W. Robert
作者单位：Colorado State University System; Colorado State University Fort Collins; University of Oklahoma System; University of Oklahoma - Norman; State University System of Florida; University of Florida
摘要：This study examines whether peer reviews conducted under the AICPA's self-regulatory model have been effective at signaling audit quality. Prior research has examined whether peer-review reports are associated with perceived audit quality. We examine whether peer-review reports are associated with actual audit quality. Using a unique data set obtained from the files of an insurance company, we find that peer-review findings are indeed useful in predicting audit failure (i.e., malpractice claim...
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作者：Dowling, Carlin
作者单位：University of Melbourne
摘要：I use Adaptive Structuration Theory (DeSanctis and Poole 1994) and the Theory of Planned Behavior (Ajzen 1991) to model the factors influencing whether auditors use audit support systems appropriately. Understanding the factors that influence appropriate use is important for audit firms to achieve efficient and effective audits from deploying audit support systems. Using a unique data set obtained from 569 auditors, I provide evidence that intention to use the system appropriately and external...
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作者：Katz, Sharon P.
作者单位：Harvard University
摘要：This study explores how firms' ownership structures affect their earnings quality and long-term performance. Focusing on a unique sample of private firms for which there is financial data available in the years before and after their initial public offering (IPO), I differentiate between those that have private equity sponsorship (PE-backed firms) and those that do not (non-PE-backed firms). The findings indicate that PE-backed firms generally have higher earnings quality than those that do no...
