Now showing items 1-10 of 40
Comments of the Standards Committee of the Auditing Section of the American Accounting Association on IESBA Consultation Paper Improving the Structure of the Code of Ethics for Professional Accountants
Recently, the International Ethics Standards Board for Accountants (IESBA) solicited public comments on its Consultation Paper, Improving the Structure of the Code of Ethics for Professional Accountants. This commentary ...
The impact of internal control weaknesses on firms' cash policies
We study the association between firms' Section 302 and Section 404 internal control weaknesses and these firms' cash-to-cash flow sensitivities. We also examine whether the presence of the internal control weaknesses ...
Information in Financial Statement Misstatements at the Engagement Partner Level: A Case for Engagement Partner Name Disclosure?
Using data from Taiwan where engagement partner names are disclosed and misstatements of clients’ annual financial statements to proxy for audit quality, we examine whether audit quality at the engagement partner level ...
Abnormal Stock Performance of Late Filing Firms: Additional Investigation
This paper examines whether the previously observed future under performance of the portfolio of the late 10-K filing firms exists in post EDGAR period and any reasons for the observed under-performance. I find that there ...
Culture and Cost Behavior: A Cross-Country Study
Relevant but Delayed Information in Negotiated Audit Fees
Audit fee negotiations conclude with the signing of an engagement letter, typically the first quarter of the year under audit. Yet investors do not learn the audit fee paid until disclosed in the following year's definitive ...
Firms' Inventory Choices During the Great Recession
We study how the interplay between firms’ fixed cost structure and their initial inventory levels influences these firms’ inventory production decisions. We also examine the consequences of those decisions for the firms’ ...
Debtholders’ Demand for Conservatism: Evidence from Changes in Directors’ Fiduciary Duties
Debtholders’ demand has been widely discussed as a key determinant of conservatism but clear causal evidence is not yet established. Using a natural experiment setting, wherein a Delaware court ruled that the fiduciary ...
Comments of the Standards Committee of the Auditing Section of the American Accounting Association on PCAOB Staff Consultation Paper Auditing Accounting Estimates and Fair Value Measurements
Recently, the Public Companies Accounting Oversight Board (PCAOB) solicited public comments on its Staff Consultation Paper Auditing Accounting Estimates and Fair Value Measurements. This commentary summarizes the contributors’ ...
The Effects of Generalized Trust and Civic Cooperation on the Big N Presence and Audit Fees Across the Globe
We examine the impact of informal cultural attributes, such as generalized trust in a society (hereafter “trust”) and civic cooperation, on audit fees and Big N presence in countryspecific audit markets. The relation ...