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作者：Myers, JN; Myers, LA; Omer, TC
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：In this study, we document evidence on the relation between auditor tenure and earnings quality using the dispersion and sign of both absolute Jones-model abnormal accruals and absolute current accruals as proxies for earnings quality. Our study is motivated by calls for mandatory auditor rotation, which are based on concerns that longer auditor tenure reduces earnings quality. Multivariate results, controlling for firm age, size, industry growth, cash flows, auditor type (Big N versus non-Big...
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作者：Patterson, ER; Smith, R
作者单位：State University of New York (SUNY) System; University at Buffalo, SUNY; Indiana University System; Indiana University Bloomington
摘要：The concept of materiality provides a basis for auditors to ignore I small misstatements, but the definition of small in this context is ambiguous. The issue of materiality-standard-setting has been raised recently by Arthur Levitt, former chairman of the Securities and Exchange Commission. We examine how materiality uncertainty affects the auditor's evaluation of audit evidence and a manager's choice of earnings overstatement in a strategic auditing model where earnings misstatements also inc...
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作者：Ng, TBP; Tan, HT
作者单位：Nanyang Technological University
摘要：In this paper, we present the results of an experiment that investigates the effects of two contextual features-the availability of authoritative guidance and the effectiveness of the client's audit committee-on auditors' perceived outcome of auditor-client negotiations concerning an audit adjustment that affects the client's ability to meet analysts' forecasts. Results show that auditors' perceived negotiation outcome is jointly influenced by authoritative guidance availability and audit comm...
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作者：Ashbaugh, H; LaFond, R; Mayhew, BW
作者单位：University of Wisconsin System; University of Wisconsin Madison
摘要：This paper challenges the findings of Frankel et al. (2002) (FJN). The results of our discretionary accruals tests differ from FJN's when we adjust discretionary current accruals for firm performance. In our earnings benchmark tests, in contrast to FJN we find no statistically significant association between firms meeting analyst forecasts and auditor fees. Our market reaction tests also provide different results than those reported by FJN. Overall, our study indicates that FJN's results are s...
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作者：Bonner, SE; Walther, BR; Young, SM
作者单位：University of Southern California; Northwestern University; Emory University
摘要：The accuracy of sell-side analysts' forecast revisions is related to a number of factors, including characteristics of the analyst and the age of the forecast. In this study we examine whether there are differences in how sophisticated and unsophisticated investors use these factors to predict the relative accuracy of forecast revisions. We adapt the lens model methodological approach from the judgment and decision-making literature to investigate these differences in an archival setting. Our ...
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作者：Eames, MJ; Glover, SM
作者单位：Santa Clara University; Brigham Young University
摘要：Das et al. (1998) suggest that as earnings become less predictable, analysts issue increasingly optimistic forecasts to please managers and consequently gain, or at least limit the loss of, access to managers' private information. We reexamine the association between earnings forecast error and earnings predictability because there is evidence suggesting that deliberate earnings forecast optimism is not an effective mechanism for gaining access to managers' information (e.g., Eames et al. 2002...
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作者：Swanson, EP; Rees, L
作者单位：Texas A&M University System; Texas A&M University College Station; Universidad Americas Puebla (UDLAP)
摘要：For a sample of companies traded on the Mexican Bolsa, fundamental analysis is used to investigate the value of financial statement information to investors after the December 1994 currency devaluation. Associations with contemporary returns show that earnings in the year of the devaluation lose value relevance, but fundamental signals, which incorporate the more detailed accounting information provided in financial statements, retain considerable explanatory power (13 2 is 25 percent). After ...
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作者：Bhattacharya, U; Daouk, H; Welker, M
作者单位：Indiana University System; Indiana University Bloomington; Cornell University; Queens University - Canada
摘要：We analyze financial statements from 34 countries for the period 19841998 to construct a panel data set measuring three dimensions of reported accounting earnings for each country: earnings aggressiveness, loss avoidance, and earnings smoothing. We hypothesize that these three dimensions are associated with uninformative or opaque earnings, and so we combine these three measures to obtain an overall earnings opacity time-series measure per country. We then explore whether our three measures of...
