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作者：Carpenter, Tina D.; Christ, Margaret H.; Hugie, Miranda T.
作者单位：University System of Georgia; University of Georgia; Brigham Young University
摘要：Digitalization is transforming the audit profession. Apprenticeship norms prescribe that knowledge flows down from supervisors to subordinates, but digitalization increasingly positions junior auditors as experts in emerging technology. Consequently, supervisors can learn from subordinates. This reversal challenges long-standing apprenticeship expectations, yet little is known about how it unfolds or the tensions it creates. Against this backdrop, we examine tensions that can arise when subord...
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作者：Bouwens, Jan; Hofmann, Christian; Kroos, Peter; Lechner, Christopher
作者单位：University of Amsterdam; MTU Aero Engines
摘要：We show that favoritism biases subjective evaluations and that the presence of a third party can mitigate this bias. Using archival data from professional ski jumping, we find that, controlling for objective performance, judges favor athletes of their own nationality and athletes who have a compatriot on the panel. We predict and provide evidence that in-person observation by an audience is associated with lower levels of favoritism compared with third-party observation via mediated communicat...
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作者：Cadman, Brian D.; Patel, Elena S.
作者单位：Utah System of Higher Education; University of Utah; Brookings Institution
摘要：Many tax-exempt hospitals generate substantial profits. At the same time, regulations governing tax-exempt status prohibit these organizations from issuing equity or operating for the benefit of private owners, leaving managers with unusual discretion over retained resources. This combination makes them especially prone to agency problems. Because hospitals play a central role in the U.S. economy, the costs of weak governance extend beyond the sector itself. We find that tax-exempt hospitals s...
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作者：Bellamkonda, Kirthi S.; Warner, William R.; Fan, Xiaoyao; Paulsen, Keith; Powell, Richard J.
作者单位：Dartmouth College
摘要：Transcarotid artery revascularization is increasingly prevalent, but relies on fluoroscopic guidance for placement of carotid stents. With increasing awareness about the hazards of radiation exposure, we aimed to explore the prior literature regarding alternative and adjunct imaging methods in carotid stenting. These have included fusion with preoperative computed tomography angiography, fully contrast-sparing procedures with preoperative magnetic resonance angiography and fusion using plain f...
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作者：Sharma, Divesh S.; Wu, Liansheng; Xing, Qiuhang
作者单位：University System of Georgia; Kennesaw State University; Southern University of Science & Technology; University of International Business & Economics
摘要：Although audit regulators worldwide concur that the rigor of audit firms' internal engagement quality reviews (EQRs) is paramount to an audit firm's audit quality, they are concerned that relationships between audit engagement partner (AEP) and engagement review partner (ERP) working in the same firm can undermine these reviews. We utilize confidential proprietary ERP and audit adjustment data to investigate how school alma mater ties between AEPs and ERPs affect audit adjustments in China. Ou...
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作者：Blum, Emily S.; Hoang, Kris
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Alabama System; University of Alabama Tuscaloosa
摘要：Audit senior associates are essential to audit production, yet we know little about how they experience their organizational role. We interview 45 U.S.-based audit seniors and find they experience persistent paradoxical tensions between contradictory yet interrelated objectives, stemming from their middle hierarchical position as both experienced associates and novice executives. Applying Paradox Theory, we find seniors sometimes work around paradox by attending to one paradoxical objective to...
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作者：Kubic, Matthew; Silva, Rui; Toynbee, Sara
作者单位：University of Texas System; University of Texas Austin; University of Washington; University of Washington Seattle
摘要：We investigate whether prior employment connections influence the strictness of the Securities and Exchange Commission (SEC) filing review process. Using novel data on over 250 accountants at the SEC, we define connected examiners as accountants reviewing financial statements audited by their former employer. We find that SEC review teams with a higher percentage of connected examiners are less likely to detect financial statement errors, raise fewer substantive issues, and are less likely to ...
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作者：Blann, James J.; Moon Jr, James R.
作者单位：University System of Georgia; Georgia Institute of Technology
摘要：The FASB recently issued ASU 2024-03, which requires disaggregation of significant expenses, like cost of goods sold (COGS) , selling, general , administrative (SG&A) expenses. Proponents argue disaggregation will improve decision usefulness, whereas opponents suggest the information will be costly and provide little value. We provide large-sample evidence on the pre-ASU state of expense disaggregation, analyze whether it appears to provide decision-useful information, and explore differences ...
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作者：Artz, Martin; Holzhacker, Martin; Hoppe, Andre
作者单位：University of Munster; Michigan State University; Michigan State University's Broad College of Business; KU Leuven
摘要：We examine whether firms strategically increase cost rigidity to adopt an aggressive product market stance. Using large cuts in industry-level import tariff rates as a setting, we find that domestic firms respond to a looming competitive threat from foreign rivals by raising cost rigidity. This increase cannot plausibly be explained by investments to create physical excess capacity, suggesting firms enter cost commitments for labor and procurement instead. Additional tests corroborate the hypo...
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作者：Chen, Yangyang; Ofosu, Emmanuel; Pittman, Jeffrey
作者单位：City University of Hong Kong; Lingnan University; Memorial University Newfoundland; Virginia Polytechnic Institute & State University
摘要：In examining the loan contracting implications of SEC investigations, we document that banks charge higher loan spreads when borrowers are under investigation, with the rise in interest rates varying predictably with lender characteristics. Further, our evidence implies that the debt pricing impact of SEC investigations is amplified for borrowers suffering worse credit quality and information asymmetry as well as those relying more on bank loans. These findings suggest that banks perceive incr...
