Audit Partner Public Client Specialization And Client Abnormal Accruals PDF Download
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| Author | : Kim Ittonen |
| Publisher | : |
| Total Pages | : 52 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Download Audit Partner Public-Client Specialization and Client Abnormal Accruals Book in PDF, ePub and Kindle
We examine the association of Big 4 audit partners' public-client specialization with client companies' audit quality. Using a sample of NASDAQ OMX companies in Finland, we identify the audit partner assigned to each public-client engagement. We expect that partners with greater public-client specialization provide higher quality auditing, since they have likely developed deep domain-specific knowledge and a keen sense of the litigation and reputational risks posed by public clients. In addition, the willingness to resist client pressure likely increases with the number of public clients in the partner's portfolio because dependence on any one client diminishes, which should help to ensure audit quality. The results show that public-client specialization is negatively associated with abnormal accruals, and this result is attributable to audit partners with three to six public clients. The results of supplemental tests imply that public-client specialization is more important when general auditing experience is lower. Further, the results reveal that in our setting of high-tax and high alignment between financial reporting and tax reporting, greater public-client specialization is particularly associated with smaller income-decreasing abnormal accruals, suggesting that auditors with greater public-client specialization likely recognize the downside reputational implications and achieve audit quality by discouraging tax avoidance.
| Author | : Mara Cameran |
| Publisher | : Routledge |
| Total Pages | : 166 |
| Release | : 2017-03-31 |
| Genre | : Business & Economics |
| ISBN | : 1134825609 |
Download Auditing Teams Book in PDF, ePub and Kindle
The recent audit failures which have rocked financial markets worldwide have accentuated the need for a better understanding of the link between risk, control and audit quality; as well as emphasising the need to open the "black box" of the ways auditing firms actually function. Reflecting these imperatives, Auditing Teams unravels the organizational and management issues in audit firms that are key to achieving effectiveness in service provision. Specifically, this key research reflects upon the relevance and dynamics of auditing teams and their impact on auditing quality, and specifically responding to the recent claim from regulators which highlights auditing team characteristics as the source of wide variations in quality. By leveraging different perspectives – auditing, management accounting, organization and psychology – to investigate auditing teams and basing on evidence collected from the professional world, this book will provide a unique insight into the role of auditing teams on audit quality. It will be of great interest to scholars and advanced students in auditing, as well as to practitioners and regulators in the field.
| Author | : Stijn Claessens |
| Publisher | : |
| Total Pages | : 36 |
| Release | : 2002 |
| Genre | : Capital market |
| ISBN | : |
Download The Benefits and Costs of Group Affiliation Book in PDF, ePub and Kindle
This paper investigates the benefits and associated agency costs of using internal capital markets through affiliating with groups using data of two thousand firms from nine East Asian economies between 1994-96. We find that mature and slow-growing firms with ownership structures more likely to create agency problems gain more from group affiliation, while young and high-growth firms more likely lose. Agency problems are important explanatory factors of firm value in economies outside Japan, but less so in Japan. Consistent with the literature, financially-constrained firms benefit from group affiliation. Our results are robust to different time periods and estimation techniques.
| Author | : Krishnagopal Menon |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2008 |
| Genre | : |
| ISBN | : |
Download Former Audit Partners and Abnormal Accruals Book in PDF, ePub and Kindle
Audit clients often employ a former partner of their present auditor as an officer or a director. This "revolving door" practice presents a potential threat to auditor independence. Using the Jones (1991) model to calculate abnormal accruals for firms in 1998 and 1999, we find that firms employing former partners as officers or directors report larger signed and unsigned abnormal accruals than other firms, after controlling for other factors that plausibly affect abnormal accruals. To ensure that the results are not driven by performance characteristics of the former partner firms, we construct a performance-matched control sample and obtain consistent results. We also observe a disproportionately higher (lower) proportion of former partner firms than expected just meeting (missing) analysts' earnings forecasts.
| Author | : John W. Buckley |
| Publisher | : Belmont, Calif. : Lifetime Learning Publications |
| Total Pages | : 266 |
| Release | : 1980 |
| Genre | : Accounting |
| ISBN | : |
Download Regulation and the Accounting Profession Book in PDF, ePub and Kindle
| Author | : David Hay |
| Publisher | : Routledge |
| Total Pages | : 387 |
| Release | : 2014-09-15 |
| Genre | : Business & Economics |
| ISBN | : 1136210350 |
Download The Routledge Companion to Auditing Book in PDF, ePub and Kindle
Auditing has been a subject of some controversy, and there have been repeated attempts at reforming its practice globally. This comprehensive companion surveys the state of the discipline, including emerging and cutting-edge trends. It covers the most important and controversial issues, including auditing ethics, auditor independence, social and environmental accounting as well as the future of the field. This handbook is vital reading for legislators, regulators, professionals, commentators, students and researchers involved with auditing and accounting. The collection will also prove an ideal starting place for researchers from other fields looking to break into this vital subject.
| Author | : Mark Clatworthy |
| Publisher | : Taylor & Francis |
| Total Pages | : 150 |
| Release | : 2021-05-13 |
| Genre | : Business & Economics |
| ISBN | : 1000344606 |
Download Accounting and Debt Markets Book in PDF, ePub and Kindle
Accounting and Debt Markets: Four Pieces on the Role of Accounting Information in Debt Markets provides novel and up-to-date evidence on the role of accounting information in debt markets Companies and organisations worldwide rely heavily on debt markets for short, medium and long-term financing, and debt markets and financial intermediaries have significant effects on the real economy. Accounting information has various functions in debt markets, including inter alia, informing pricing decisions and credit ratings, determining the allocation of creditor control rights and establishing bank capital adequacy requirements. The chapters in this book provide illustrative discussion, analysis and evidence on the importance of accounting information in credit markets. The first of the four pieces reflects on how a conservative financial reporting system helps firms obtain debt funds and with better conditions, and why this is the case. The second examines the effects of accounting disclosure on credit ratings of private companies and shows that accounting information is useful for credit rating agencies. The two final pieces reflect on how banks should account for credit losses, and on how regulators are tackling this issue. The chapters in this book were originally published as a special issue of Accounting and Business Research.
| Author | : Jonas Tritschler |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 251 |
| Release | : 2013-10-31 |
| Genre | : Business & Economics |
| ISBN | : 3658041749 |
Download Audit Quality Book in PDF, ePub and Kindle
Arising from the author’s experience as a practicing CPA, this book is quite different from other research in this field, as it confronts the subject of audit quality from a pragmatic perspective. The first goal of Jonas Tritschler is to develop an audit quality metric on national audit firm level. Financial reporting errors, as detected by the German enforcement institutions during examinations, which subsequently are published in the German Federal Gazette by the involved companies, are the data basis for this measurement. Using the developed audit quality metric, the second goal of this study is to analyze audit quality differences of selected audit firms by comparing their deployed audit input factors such as employee’s competence (ratio of certified professionals to total audit staff), experience of employees (average tenure of employees in years) and client-specific experience (client fluctuation rate). Results indicate a correlation between audit quality according to the developed metric and the operationalized audit input factors mentioned above.
| Author | : American Bar Association. House of Delegates |
| Publisher | : American Bar Association |
| Total Pages | : 216 |
| Release | : 2007 |
| Genre | : Law |
| ISBN | : 9781590318737 |
Download Model Rules of Professional Conduct Book in PDF, ePub and Kindle
The Model Rules of Professional Conduct provides an up-to-date resource for information on legal ethics. Federal, state and local courts in all jurisdictions look to the Rules for guidance in solving lawyer malpractice cases, disciplinary actions, disqualification issues, sanctions questions and much more. In this volume, black-letter Rules of Professional Conduct are followed by numbered Comments that explain each Rule's purpose and provide suggestions for its practical application. The Rules will help you identify proper conduct in a variety of given situations, review those instances where discretionary action is possible, and define the nature of the relationship between you and your clients, colleagues and the courts.
| Author | : United States. General Accounting Office |
| Publisher | : Nova Publishers |
| Total Pages | : 154 |
| Release | : 2008 |
| Genre | : Business & Economics |
| ISBN | : 9781604565034 |
Download Audits of Public Companies Book in PDF, ePub and Kindle
This book examines (1) concentration in the market for public company audits, (2) the potential for smaller accounting firms' growth to ease market concentration, and (3) proposals that have been offered by others for easing concentration and the barriers facing smaller firms in expanding their market shares.
