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作者：Earley, Christine E.; Hoffman, Vicky B.; Joe, Jennifer R.
作者单位：Providence College; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; University System of Georgia; Georgia State University
摘要：Auditors often receive summary information or conclusions from management about account balances or internal controls. They must then gather evidence to assess whether this information is fairly stated. In such situations, management can be considered the first mover and the auditor the second mover. When auditors are the second mover, they are vulnerable to the curse of knowledge bias-the inability to ignore previously processed information (Fischhoff 1977). Specifically, because information ...
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作者：Hunton, James E.; Mauldin, Elaine G.; Wheeler, Patrick R.
作者单位：Bentley University; University of Missouri System; University of Missouri Columbia
摘要：The trend toward continuous monitoring of automated business transactions by the internal audit function is growing as organizations seek to improve internal control. In this study, we demonstrate that continuous monitoring and the time horizon over which performance-contingent incentives are based can interact, thereby yielding potential functional and dysfunctional effects on managerial decisions. Seventy-two experienced corporate managers completed a between-participants experiment that ran...
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作者：Hirshleifer, David A.; Myers, James N.; Myers, Linda A.; Teoh, Siew Hong
作者单位：University of California System; University of California Irvine; University of Arkansas System; University of Arkansas Fayetteville
摘要：This study tests whether naive trading by individual investors, or some class of individual investors, causes post-earnings announcement drift (PEAD). Inconsistent with the individual trading hypothesis, individual investor trading fails to subsume any of the power of extreme earnings surprises to predict future abnormal returns. Moreover, individuals are significant net buyers after both negative and positive extreme earnings surprises, consistent with an attention effect, but not with their ...
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作者：Bromwich, Michael
作者单位：University of London; London School Economics & Political Science
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作者：Cahan, Steven E.; Godfrey, Jayne M.; Hamilton, Jane; Jeter, Debra C.
作者单位：University of Auckland; Monash University; La Trobe University; Vanderbilt University
摘要：A report issued by the U.S. General Accounting Office (GAO) in 2003 identified auditors' industry expertise as a critical factor for firms choosing an auditor, and highlighted the extreme levels of auditor concentration in some industries. We posit that the investment opportunity set (IOS) plays a fundamental role in determining whether an industry is an attractive target for auditor specialization. When industry-specific IOS is high, specialist auditors make costly investments in industry-spe...
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作者：McNichols, Maureen F.; Stubben, Stephen R.
作者单位：Stanford University; University of North Carolina; University of North Carolina Chapel Hill
摘要：This paper examines whether firms manipulating their reported financial results make suboptimal investment decisions. We examine fixed asset investments for a large sample of public companies during the 1978-2002 period and document that firms that manipulate their earnings-firms investigated by the SEC for accounting irregularities, firms sued by their shareholders for improper accounting, and firms that restated financial statements-over-invest substantially during the misreporting period. F...
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作者：Van Zijl, Tony
作者单位：Victoria University Wellington
