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Author : Zoe-Vonna Palmrose
Publisher : Amer Accounting Assn
ISBN 13 : 9780865390874
Total Pages : 90 pages
Book Rating : 4.3/5 (98 download)
Download or read book Empirical Research in Auditor Litigation written by Zoe-Vonna Palmrose and published by Amer Accounting Assn. This book was released on 1999 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Zoe-Vonna Palmrose
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book (Monograph) Studies in Accounting Research #33, Empirical Research in Auditor Litigation written by Zoe-Vonna Palmrose and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Studies in Accounting Research #33 provides guidance for conducting empirical research on auditor litigation and for using data on auditor litigation in teaching. To facilitate research and teaching, the monograph includes a CD with a Database. The Database has over 1,000 client observations with audit litigation involving the Big Five and their legacy firms. Non-Big Five firms are included on joint litigation. The Database includes litigation over allegations of audit failure on audits from 1960 through 1995, as long as legal actions were filed by end of 1995.The Database contains an extensive amount of information. For example, it has information on clients and auditors, accounting and auditing issues, legal characteristics and issues, regulatory actions, and litigation resolutions. All information is from public sources available through early 1999.The Database should be easily usable by academics, practitioners, and students alike. It is designed for use with Microsoft Access (the CD has three versions for Access 2.0, 97, and 2000). While the Database as published provides a rich source of litigation-related information, it is also designed so that users can customize it to meet their particular needs. For example, the Database can be updated with further information about the observations or with additional observations, such as audit litigation filed after 1995. The monograph makes a number of suggestions for using the Database in a variety of research settings. The Database is designed for stand-alone use or it can be used in combination with data from other sources. The discussion of research considerations and applications encompasses both the usefulness and limitations of the Database.Further, the Database can be used in teaching a variety of graduate and undergraduate courses, including courses on financial accounting, financial statement analysis, auditing, securities litigation, accountant's liability, governance, and professional regulation and institutions. The discussion of teaching applications includes suggestions on opportunities for bringing litigation-related topics into the classroom through supplementing lecture materials, promoting active learning, developing new teaching cases, extending and enriching existing case materials, and designing student projects, assignments, and other educational activities.
Author : Sue Woolley Scholz
Publisher :
ISBN 13 :
Total Pages : 169 pages
Book Rating : 4.:/5 (83 download)
Download or read book Auditor Litigation Risk and Auditor Resignations written by Sue Woolley Scholz and published by . This book was released on 1996 with total page 169 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Carl J. Pacini
Publisher :
ISBN 13 :
Total Pages : 270 pages
Book Rating : 4.:/5 (249 download)
Download or read book An Empirical Analysis of the Insurance Hypothesis of Auditing, Audit Quality and Auditor Litigation written by Carl J. Pacini and published by . This book was released on 1997 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Ross D. Fuerman
Publisher :
ISBN 13 :
Total Pages : 220 pages
Book Rating : 4.:/5 (693 download)
Download or read book An Empirical Investigation of the Impact of Central Bank of Denver on Securities Disclosure-related Auditor Litigation Risk written by Ross D. Fuerman and published by . This book was released on 1996 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Steven Shavell
Publisher : Harvard University Press
ISBN 13 : 0674024176
Total Pages : 327 pages
Book Rating : 4.6/5 (74 download)
Download or read book Economic Analysis of Accident Law written by Steven Shavell and published by Harvard University Press. This book was released on 2007-03-31 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Accident law, if properly designed, is capable of reducing the incidence of mishaps by making people act more cautiously. Since the 1960s, a group of legal scholars and economists have focused on identifying the effects of accident law on people's behavior. Steven Shavell’s book is the definitive synthesis of research to date in this new field.
Author : Ross D. Fuerman
Publisher :
ISBN 13 :
Total Pages : 37 pages
Book Rating : 4.:/5 (129 download)
Download or read book Audit Quality Examined One Large Cpa Firm at a Time written by Ross D. Fuerman and published by . This book was released on 2004 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: The largest CPA firms have been regarded as quality-differentiated auditors. This has been a prominent assumption of empirical research in accounting and auditing. Yet, prior research has only tested whether the largest CPA firms, in the aggregate, are quality-differentiated auditors. This paper contributes to the audit quality literature by individually examining each of the largest CPA firms. This new approach is timely, given the questions that have been raised concerning Arthur Andersen. Each Big Six CPA firm was compared to the non-Big Six CPA firms, using post-Private Securities Litigation Reform Act of 1995 data. The outcomes of auditors in civil and criminal litigation and administrative proceedings were analyzed using a taxonomy based on the corporate misconduct and economic analysis of legal process literatures. With the exception of Arthur Andersen, each of the Big Six CPA firms was individually found to be a higher quality auditor than the non-Big Six. The null hypothesis of no difference between the outcomes of each of the Big Six firms (except Arthur Andersen) and the non-Big Six was rejected at plt;.05. Since the lawsuits, filed in 1996-1998, were based on allegedly misstated 1995-1997 financial statements, this suggests that a deterioration in the audit quality of Arthur Andersen occurred no later than the mid-1990's. It is empirical evidence of a precursor of the eventual failure of the firm. The research results thus suggest that the Enron audit document destruction obstruction of justice conviction in June 2002 was the culmination of a gradual, firm-wide deterioration that was the cause of the destruction of Arthur Andersen.
Author : Chris Robinson
Publisher : Canadian Certified General Accountants' Research Foundation = Fondation de l'Association des comptables généraux licenciés du Canada
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.3/5 (512 download)
Download or read book Materiality written by Chris Robinson and published by Canadian Certified General Accountants' Research Foundation = Fondation de l'Association des comptables généraux licenciés du Canada. This book was released on 1985 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the Overview: No empirical research study on materiality adequately addresses the question of how auditors make materiality decisions in practice. In this monograph, we attempt to remedy the deficiency ... In general, our results reveal that auditors do not make decisions, in practice, in the way tha clinical research studies found. Auditors' decisions in practice are consistent with the hypothesis that they may be influenced by managers, shareholders, and the risk of potential lawsuits. We conclude with a summary of what we know about materiality decisions. We offer three alternatives for the accounting profession to consider if it thinks it would do something to regulate such judgements: --1) Leave the decision to the auditor's judgement. -- 2) Legislate a specific materiality standard. -- 3) Require auditors to disclose their materiality levels in the audit report.
Author : Jim Specht
Publisher :
ISBN 13 :
Total Pages : 159 pages
Book Rating : 4.:/5 (111 download)
Download or read book An Empirical Examination of Litigation Against Auditors Over Time written by Jim Specht and published by . This book was released on 1988 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : James Specht
Publisher :
ISBN 13 :
Total Pages : 318 pages
Book Rating : 4.:/5 (195 download)
Download or read book An Empirical Examination of Litigation Against Auditors Over Time written by James Specht and published by . This book was released on 1988 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Douglas Edwin Ziegenfuss
Publisher :
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.:/5 (225 download)
Download or read book An Empirical Investigation of the Effects of Qualified Opinions on Audit Firms' Growth Rates and Legal Liability written by Douglas Edwin Ziegenfuss and published by . This book was released on 1989 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Clive S. Lennox
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Auditor Size and the Accuracy of Audit Reports written by Clive S. Lennox and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Existing empirical research and results presented in this paper indicate that large auditors are more accurate than small auditors. Two explanations for this are examined. DeAngelo (1981) has argued that large auditors have a greater incentive to maintain a reputation for accurate auditing. More recently Dye (1995) and Schwartz (1997) have shown that the depth of an auditor's pockets may be an important determinant of auditing accuracy. The aim of this paper is to discriminate between these two explanations. I show that although large auditors are more accurate than small auditors, they also tend to receive relatively more litigation and criticism; moreover, criticised auditors do not appear to suffer losses of clients or lower fees. These findings indicate that reputation is not an important factor in determining auditor accuracy. In contrast to reputation theories, it is shown that a deep pockets model can explain why both accuracy and litigation are positively correlated with auditor size. In addition, the deep pockets model extends previous research on auditor choice by examining how the depth of an auditor's pockets affects the auditor hiring decision (Titman and Trueman 1986; Datar et al. 1991).
Author : Gary Previts
Publisher : Elsevier
ISBN 13 : 0080545459
Total Pages : 347 pages
Book Rating : 4.0/5 (85 download)
Download or read book Research in Accounting Regulation written by Gary Previts and published by Elsevier. This book was released on 2004-09-17 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scope of service provided by professional accountants is influenced by legislation and case law as well as the dictates of a variety of government and private sector agencies: including State Boards of Accountancy, Academic Accreditation Bodies, the United States Securities and Exchange Commission, the Public Company Accounting Oversight Board, independent standard setting bodies such as the Federal Accounting Standards Advisory Board (US), the Financial Accounting Standards Board (US), the International Accounting Standards Board and self-regulatory organizations such as State Societies of CPA and the American Institute of Certified Public Accountants. There are equivalent and emerging local international bodies that exist in most developed countries. It is important for academics, students, practitioners, regulators and researchers to consider, study and understand the role and relationship of such bodies with the practice and content of our discipline.Research in Accounting Regulation is a refereed annual serial that seeks to publish high quality manuscripts, which address regulatory issues and policy affecting the practice of accountancy, broadly defined. Topics of interest include research based on: 1) Self-regulatory activities. 2) Case law and litigation. 3) Governmental and quasi-governmental regulation. 4) The economics of regulation, including modelling.This research series aims to encourage the submission of original empirical, behavioural or applied research manuscripts that consider strategic and policy implications for regulation, regulatory models and markets. It is intended for individual researchers, practitioners, regulators and students of accountancy who desire to increase their understanding of the regulation of accountancy.
Author : Mitrendu Narayan Roy
Publisher : Springer
ISBN 13 : 3319737279
Total Pages : 538 pages
Book Rating : 4.3/5 (197 download)
Download or read book Statutory Auditors’ Independence in Protecting Stakeholders’ Interest written by Mitrendu Narayan Roy and published by Springer. This book was released on 2018-07-20 with total page 538 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate failures and accounting scandals have shaken the foundations of investors’ confidence in the transparency, integrity and accountability of corporations and financial markets. There have also been public disquiet about the role of professional auditors and audit firms, who had been associated with these corporate scandals. Written from a global perspective, the book assists in understanding the gravity of independent attitude of statutory auditors in protecting stakeholders’ interest and examines the effectiveness of the existing standards and other legal and regulatory requirements in enforcing statutory auditors’ independent engagement. It then suggests modifications in those regulations. The study has been made through seven chapters in order to address empirically statutory auditors’ independence in protecting stakeholders’ interest. Primary audiences of the book are researchers in finance and control, students, and professionals in the field of accounting and auditing.
Author : Jayanthi Krishnan
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (129 download)
Download or read book The Role of Economic Trade-Offs in the Audit Opinion Decision written by Jayanthi Krishnan and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We extend existing audit opinion models by incorporating economic trade-offs that arise in the auditor's qualification (modification) decision. Prior qualification studies (e.g., Dopuch, Holthausen, and Leftwich [1987]; Bell and Tabor [1991]) do not investigate whether the opinion issued is influenced by particular trade-offs facing an auditor. On the one hand, the audit firm faces the risk of losing the client if it issues a qualification, and on the other, failing to qualify exposes the auditor to lawsuits and reputation loss. We model the auditor's qualification decision as a two-stage model. We estimate a bivariate model that breaks down the probability of qualifying into two components: (1) the probability that the client deserves a qualified opinion based on the audit and (2) the probability that the auditor reports a qualified opinion, given it considers that the client deserves such an opinion. We hypothesize that the second stage decision to qualify or not is influenced by factors such as the auditor's risk of litigation, the type (Big Six or not) of auditor, the extent of outsider ownership, the share of public debt in total debt, the relative importance of the client in the auditor's portfolio, and the future growth rate of the client. Our results indicate that the auditor's litigation risk, the extent of outsider ownership, the relative importance of the client in the auditor's portfolio, and future growth are important factors in the audit opinion decision. Estimated mean and median probabilities indicate significantly higher values of reporting probabilities for qualified as compared to unqualified firms, suggesting that the second stage is an important component of the qualification decision.
Author : Nancy Chun Feng
Publisher :
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4.:/5 (13 download)
Download or read book Securities Class Actions in the United States and Canada Against Chinese Companies and Their Auditors written by Nancy Chun Feng and published by . This book was released on 2016 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chinese companies have accessed the public capital markets of the US and Canada more frequently in recent years. This paper provides for the first time empirical evidence documenting the characteristics of private securities class action lawsuits (filed in the US and Canada) against Chinese companies and their auditors.Analysis of lawsuits worldwide shows that Chinese companies are positively associated with auditors being named defendants and experiencing a negative outcome (for example, related government enforcement actions and/or settlement payments to terminate class actions). A group of companies from countries outside the US and Canada was compared to the Chinese companies. For the comparison group, the factors that were associated with auditors being named defendants and experiencing a negative outcome are consistent with those that have been found in prior auditor litigation research. Conversely, the Chinese companies are characterized by a different pattern of litigation. Among the traditional factors, only fraud is associated with auditor litigation. In addition, the use of a small CPA firm auditor with the local audit engagement team office physically located in the US or Canada (as opposed to the local audit engagement team office being physically located in the People's Republic of China (“PRC”)) is associated with auditor litigation. We find limited evidence that the use of a reverse merger to go public is positively associated with auditor litigation.We analyzed the Chinese lawsuits' settlements. Aggregate settlement amounts are positively associated with the occurrence of an auditor settlement and with the class period length. Auditor settlement amounts are positively associated with the use of a large CPA firm auditor with the local audit engagement team office physically located in the US or Canada (as opposed to the local audit engagement team office being physically located in the PRC), class period length, and fraud. These findings suggest that the amount of litigation settlements of large CPA firms with the local audit engagement team office physically located in the PRC may have been reduced by their refusal to provide audit documentation requested by the Securities and Exchange Commission.
Author : Robert John Dosch
Publisher :
ISBN 13 :
Total Pages : 238 pages
Book Rating : 4.:/5 (375 download)
Download or read book Empirical Studies of Auditor-client Alignments in the Context of Differentiated Audit Quality written by Robert John Dosch and published by . This book was released on 1996 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
