Contemporary Accounting Research

最新文章

• From audit machines to tech-savvy auditors: Auditors' quest for professional security with respect to digital transformation AI翻译
  作者：Lajoie, Pier-Luc; Gendron, Yves
  作者单位：University of Quebec; University of Quebec Trois Rivieres; Laval University
  摘要：In recent years, the Big 4 firms have embarked on digital transformation projects that have the potential to throw auditors' daily practice into turmoil. This study looks at the auditors' quest for professional security-namely, their confidence in the fundamental features of their profession. Specifically, we investigate how auditors, when construing their experiences in a firm engaged in a digital transformation project promoting automation of a significant portion of their work, seek to pres...
• Determinants of and future violations following deferred prosecution and non-prosecution agreements in corporate criminal cases AI翻译
  作者：De Franco, Gus; Small, R. Christopher; Wahid, Aida Sijamic
  作者单位：Purdue University System; Purdue University; University of Houston System; University of Houston; University of Toronto
  摘要：The US Department of Justice's increasing use of deferred prosecution and non-prosecution agreements (D/NPAs) over the past two decades has sparked debate about their merits compared with traditional plea deals, which often result in criminal convictions. This study examines the factors influencing prosecutors' decisions to use D/NPAs in disciplining firms for corporate misconduct. We analyze whether the likelihood of a firm's future misconduct varies by the type of discipline imposed, compari...
• Common auditors in mergers and acquisitions: Post-acquisition financial reporting quality and audit fees AI翻译
  作者：Ai, Xi; Myers, Linda A.; Schmardebeck, Roy
  作者单位：University of Louisville; University of Tennessee System; University of Tennessee Knoxville
  摘要：Prior research documents that mergers and acquisitions result in significant financial reporting risks. In this article, we examine whether acquirers that share a common auditor with the target experience higher post-acquisition financial reporting quality (FRQ) and reduced audit fees. We find that same-office, but not different-office, common auditors are associated with improved post-acquisition FRQ, as evidenced by a decreased likelihood of misstatement, lower F-score, and a lower likelihoo...
• Are intergroup differences between the audit committee and the rest of the board associated with monitoring effectiveness? AI翻译
  作者：Gaeremynck, Ann; Dekeyser, Simon; Bruynseels, Liesbeth; Van Peteghem, Mathijs
  作者单位：KU Leuven; KU Leuven
  摘要：In contrast to prior research that typically focuses on the characteristics of the audit committee (AC), we investigate how intergroup differences between the AC and the rest of the board (ROB) affect monitoring effectiveness. Drawing on group literature and the similarity attraction paradigm, we hypothesize that high intergroup differences between the AC and the ROB impede communication and information sharing. Poor fit between the AC and the ROB can lead to an us versus them mentality that r...
• Is the PCAOB enforcement approach aligned with its mandate? Perspectives of sanctioned auditors and former PCAOB enforcement staff AI翻译
  作者：Cannon, Nathan; Lamoreaux, Phillip; Maksymov, Eldar; Myers, Noah
  作者单位：Texas State University System; Texas State University San Marcos; Arizona State University; Arizona State University-Tempe; Utah System of Higher Education; Utah Valley University
  摘要：The Sarbanes-Oxley Act of 2002 mandates the PCAOB to enforce compliance with its audit standards fairly. However, the enforcement process is not sufficiently transparent for public evaluation of its fairness, prompting a call by a former Board member for transparency of the process and for improvement suggestions from the public. Further, academic evidence on the PCAOB enforcement is limited. We address this call and the gap in the literature by interviewing 33 difficult-to-access participants...
• A narrative analysis of the justifications and excuses of serious employee fraud offenders AI翻译
  作者：Andon, Paul; Free, Clinton
  作者单位：University of New South Wales Sydney; University of Sydney
  摘要：Most fraud research in accounting has focused on controls rather than offenders' subjective experience, meaning that our understanding of motive in fraud (defined as linguistic devices employed to justify, interpret, or excuse actions) remains underexplored. This is particularly the case for employee fraud, which has been largely neglected relative to top management fraud or financial statement fraud. To provide a richer understanding of how fraud offenders make sense of their offending, we in...
• Investor overreactions to transnational peer firm earnings: The role of accounting standards AI翻译
  作者：Herkenhoff, Manuel; Nienhaus, Martin
  作者单位：University of Munster; Ruhr University Bochum
  摘要：This study finds that accounting standards play an important role in cross-border investor reactions to peer firm earnings. Specifically, we document that when international peer firms report under the same accounting standards, investors overreact to peer firms' earnings announcements. Using a sample of 35,116 firm-pair-years from 51 countries between 2000 and 2010, we show that heightened information transfers for international same-standard firms are followed by predictable price reversals ...
• PCAOB international inspections and US companies' exports AI翻译
  作者：Khurana, Inder K.; Raman, K. K.; Yun, Byongwook (Brian)
  作者单位：University of Missouri System; University of Missouri Columbia; University of Texas System; University of Texas at San Antonio
  摘要：We examine the implications of the PCAOB international inspection program for US companies' exports. Our difference-in-differences analyses suggest that, following the release of the initial PCAOB inspection report in a country abroad, (1) US companies' exports to that country increased, and (2) US companies' major customers in that country reported higher accounts payable. Probing further, the effect on US exports is stronger for companies requiring more relationship-specific investments and ...
• Right on target: Is public disclosure of non-GAAP earnings associated with M&A efficiency? AI翻译
  作者：Chen, Ciao-Wei; Heflin, Frank; Ryu, Patrick W.; Wang, Jasmine
  作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University System of Georgia; University of Georgia; University of Manchester; Alliance Manchester Business School; University of Virginia
  摘要：We examine the association between target firms' public non-GAAP earnings disclosures and merger and acquisition (M&A) efficiency. This research question is important, given the widespread use of non-GAAP metrics in M&A valuation and lack of evidence regarding the real effects of non-GAAP disclosure. Public non-GAAP disclosure can enhance bidders' ability to assess a target's core earnings and potential synergy, especially in the earlier stages of due diligence, and enable bidders to make bett...
• CEO short-term incentives and the agency cost of debt AI翻译
  作者：Akins, Brian; Bitting, Jonathan; De Angelis, David; Gaulin, Maclean
  作者单位：Rice University; University of North Carolina; Appalachian State University; University of Houston System; University of Houston; Utah System of Higher Education; University of Utah
  摘要：This paper shows that creditors' horizon interests impact the design of CEO compensation contracts. Using a regression discontinuity design, we find that borrowing firms provide shorter incentives to their CEO following a loan covenant violation. They do so by decreasing the horizon of pay and tilting the choice of performance metrics toward accounting goals, in particular short-term ones. This effect is stronger when creditors' interests are more immediate, such as among loans with short rema...