Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Discussion Of Mandatory Audit Partner Rotation Audit Quality And Market Perception
Download Discussion Of Mandatory Audit Partner Rotation Audit Quality And Market Perception full books in PDF, epub, and Kindle. Read online Discussion Of Mandatory Audit Partner Rotation Audit Quality And Market Perception ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Discussion of 'Mandatory Audit-Partner Rotation, Audit Quality and Market Perception by : Linda Smith Bamber
Download or read book Discussion of 'Mandatory Audit-Partner Rotation, Audit Quality and Market Perception written by Linda Smith Bamber and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We discuss the Chi, Huang, Liao, and Xie (2009) study of the effects of mandatory audit partner rotation, and then identify areas where we see the greatest potential for future research on audit partner rotation and audit quality. First, we discuss how Chi et al. (2009) fits in the context of the extant literature, and we review challenges of examining audit partner rotation versus audit firm rotation. Second, we consider the study's research design. As Chi et al. suggest, the Taiwanese data provide an opportunity to address a research question that cannot be similarly addressed in a North American context. But the data and research design carry their own set of problems, including issues of statistical power. Third, we consider measures of audit quality. Interpreting the study as providing evidence on audit quality assumes not only that audit quality and earnings quality are the same, but also that abnormal accruals and ERCs are good measures of earnings quality, and by extension, audit quality. While such arguments are common in the archival audit literature, we believe it is time to move beyond these generic proxies. Our discussion concludes with suggestions for future research.
Book Synopsis Mandatory Audit-Partner Rotation, Audit Quality and Market Perception by : Wuchun Chi
Download or read book Mandatory Audit-Partner Rotation, Audit Quality and Market Perception written by Wuchun Chi and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine the effectiveness of mandatory audit-partner rotation in promoting audit quality and perceptions of audit quality using audit data from Taiwan, where a five-year audit-partner rotation became de facto mandatory in 2004. We identify a sample of companies in 2004 whose audit partners were subject to mandatory rotation and compare this mandatory rotation sample with three benchmark samples: (1) companies in 2004 whose audit partners were not subject to mandatory rotation, (2) companies in the mandatory rotation sample one year ago in 2003, and (3) companies in years before 2003 whose audit partners were voluntarily rotated. Using both absolute and signed abnormal accruals as proxies for audit quality, we find no evidence that mandatory audit-partner rotation enhances audit quality. In addition, we use the earnings response coefficient as a proxy for investor perceptions of audit quality and find no consistent evidence that mandatory audit-partner rotation enhances perceived audit quality. Taken together, our findings are inconsistent with the belief that mandatory audit-partner rotation enhances audit quality or perceptions of audit quality.
Book Synopsis The Effect of Mandatory Audit Partner Rotation on Audit Quality by : Luthson Fraaij
Download or read book The Effect of Mandatory Audit Partner Rotation on Audit Quality written by Luthson Fraaij and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Mandatory Audit Firm Rotation and Audit Quality by : Mara Cameran
Download or read book Mandatory Audit Firm Rotation and Audit Quality written by Mara Cameran and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In a setting where mandatory audit firm rotation has been effective for more than 20 years (i.e., Italy), we analyse changes in audit quality during the auditor engagement period. In our research setting, auditors are appointed for a three-year period and their term can be renewed twice up to a maximum of nine years. Since the auditor has incentives to be reappointed at the end of the first and the second three-year periods, we expect audit quality to be lower in the first two three-year periods compared to the third (i.e. the last) term. Assuming that a better audit quality is associated with a higher level of accounting conservatism, and using abnormal working capital accruals (AWCA) as a proxy for the latter, we find that the auditor becomes more conservative in the last three-year period, i.e. the one preceding the mandatory rotation. These results are confirmed using Basu's (1997) timely loss recognition model. In an additional analysis, we use earnings response coefficients as a proxy for investor perception of audit quality, and we observe results consistent with an increase in audit quality perception in the last engagement period.
Book Synopsis Do Investors Perceive a Change in Audit Quality Following the Rotation of the Engagement Partner? by : Gopal V. Krishnan
Download or read book Do Investors Perceive a Change in Audit Quality Following the Rotation of the Engagement Partner? written by Gopal V. Krishnan and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Though Section 203 of the Sarbanes-Oxley Act (SOX) calls for the rotation of the audit partner every five years, we do not know whether investors value audit partner rotation. This is an important issue since many in the auditing profession believe that mandatory rotation of the audit partner is unnecessary and may in fact impair audit quality. We identify a sample of firms that disclosed changes in the engagement partner in the proxy statement and examine whether equity investors perceive a change in audit quality following the partner rotation. We find a significant increase in earnings informativeness following audit partner rotation. We also find that short sellers regard earnings in the post-rotation to be of higher quality than earnings prior to the rotation. Finally, cost of equity capital is lower following partner rotation. Our findings have important implications for the regulators, auditors, and investors.
Author :United States. General Accounting Office Publisher :DIANE Publishing ISBN 13 :1428937056 Total Pages :167 pages Book Rating :4.4/5 (289 download)
Book Synopsis Mandatory audit firm rotation study study questionaires, responses, and summary of respondents' comments. by : United States. General Accounting Office
Download or read book Mandatory audit firm rotation study study questionaires, responses, and summary of respondents' comments. written by United States. General Accounting Office and published by DIANE Publishing. This book was released on 2004 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Audit Quality written by Jonas Tritschler and published by Springer Science & Business Media. This book was released on 2013-10-31 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Audit Partner Tenure by : Roger Simnet
Download or read book Audit Partner Tenure written by Roger Simnet and published by . This book was released on 1998* with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Mandatory Partner Rotation and Audit Quality by : Brant Christensen
Download or read book Mandatory Partner Rotation and Audit Quality written by Brant Christensen and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Although mandatory partner rotation has existed in the U.S. in some form since the 1970s, insufficient U.S. partner-specific data has limited researchers' ability to examine the costs and benefits of mandatory U.S. partner rotation in the current audit environment. Using proprietary data from a large international audit firm, I investigate the effect of mandatory lead partner rotation in the U.S. on three proxies for audit quality: audit fees, identifying and reporting a material control weakness, and providing a modified audit opinion. Controlling for client- and audit-specific characteristics, I provide evidence that mandatory rotation of the lead engagement partner increases audit quality in the year of rotation among larger audit offices only; audit quality is lower in the year of mandatory lead partner rotation in smaller offices. Further, rotation increases audit quality when the incoming lead engagement partner has the requisite industry expertise, but decreases audit quality when the lead partner lacks such expertise. Additional analyses show that mandatory concurring partner rotation has a similar, albeit weaker effect on audit quality. My results are robust to various proxies for audit quality, time periods, and model specifications. These findings provide evidence on the costs and benefits of partner rotation and informs practitioners, academics, and regulators as to the consequences of mandatory partner rotation in the U.S. The electronic version of this dissertation is accessible from http://hdl.handle.net/1969.1/155494
Book Synopsis On the Economics of Audit Partner Tenure and Rotation by : Brandon Gipper
Download or read book On the Economics of Audit Partner Tenure and Rotation written by Brandon Gipper and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides the first partner tenure and rotation analysis for a large cross-section of U.S. publicly listed firms over an extended period. We analyze the effects on audit quality as well as economic tradeoffs related to partner tenure and rotation with respect to audit hours and fees. On average, we find no evidence for audit quality declines over the tenure cycle and little support for fresh-look benefits after rotations. Nevertheless, partner rotations have significant economic consequences. We find increases in audit fees and decreases in audit hours over the tenure cycle, which differ by partner experience, client size, and competitiveness of the local audit market. More generally, our findings are consistent with efforts by the audit firms to minimize disruptions and audit failures around mandatory rotations. We also analyze special circumstances, such as audit firm switches and early partner rotations, and show that they are more disruptive than mandatory rotations, and also more likely to exhibit audit quality effects.
Book Synopsis Audit Regulations, Audit Market Structure, and Financial Reporting Quality by : Christopher Bleibtreu
Download or read book Audit Regulations, Audit Market Structure, and Financial Reporting Quality written by Christopher Bleibtreu and published by . This book was released on 2021-11-24 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: Audit Regulations, Audit Market Structure, and Financial Reporting Quality provides a structured overview of the empirical and analytical literature on the effects of audit market regulations. After a short introduction, the monograph is organized as follows. Chapter II addresses the structure of the audit markets of industrialized countries. First presenting an overview of the concentration metrics used to describe the structure of an audit market or a market segment, then providing the empirical findings on audit market concentration at the national level and presenting an overview of the main reasons that led to the currently high degree of concentration. Chapter III summarizes the reasons why regulators worldwide consider a high degree of concentration to be a concern. In particular, it reviews the regulator's assumption that a high degree of concentration inevitably leads to a low degree of competition and to the corresponding effects of low audit quality and high audit fees. It also provides an overview of the empirical findings on the association between concentration and audit quality and fees, respectively. Chapter IV introduces the mandatory audit firm rotation, the prohibition on the joint supply of audit and non-audit services, and joint audits as examples for regulations that are likely to have both incentive and market structure effects. Chapter V summarizes the empirical findings on the effects of these regulations on audit quality and market structure. Chapter VI summarizes models that regard the market structure as given. The results from these models show that the effects of regulations are not straightforward, but depend on various factors related to the auditor, the client, and the legal environment. Chapter VII gives an overview of analytical research that simultaneously considers incentive effects and market structure effects. It also provides a brief overview of industrial organization models that seem suitable to expand the models applied to investigate the effects of audit regulations. Chapter VIII concludes and highlights avenues for future research.
Book Synopsis The Routledge Companion to Auditing by : David Hay
Download or read book The Routledge Companion to Auditing written by David Hay and published by Routledge. This book was released on 2014-09-15 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Sustainability and Governance by : Cheryl R. Lehman
Download or read book Sustainability and Governance written by Cheryl R. Lehman and published by Emerald Group Publishing. This book was released on 2015-09-07 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume examines social life increasingly marked out by global inequality, giving a voice to the marginalized. The researchers of this volume lead the way in probing accounting's participation in significant struggles of our times by examining contemporary rhetoric, governance, politics and strategies.
Book Synopsis Auditors' Perceptions of Audit Firm Rotation Impact on Audit Quality in Egypt by : Ahmed Anis
Download or read book Auditors' Perceptions of Audit Firm Rotation Impact on Audit Quality in Egypt written by Ahmed Anis and published by . This book was released on 2014 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study aims to explore professional auditors' perceptions of the impact of audit firm rotation on audit quality. It also investigates the possible benefits and determining factors of mandatory auditor rotation. A sample of 83 auditors was drawn from a group of large firms and another of smaller firms in Egypt. Data were analyzed using one sample t-test; the findings indicate that auditors' perceived mandatory rotation of auditors to have a positive effect on audit quality, a negative effect on client-specific knowledge, and a positive impact on auditors' independence. The impact from the auditors' perspective of industry specialization and fee dependence on the relationship between mandatory auditor rotation and audit quality was also determined.
Book Synopsis External Audit Arrangements at Central Banks by : Mr.Atilla Arda
Download or read book External Audit Arrangements at Central Banks written by Mr.Atilla Arda and published by International Monetary Fund. This book was released on 2018-09-11 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper takes stock of external audit arrangements at central banks. Its focus is on the annual audit of central bank financial statements, as well as legal and institutional measures that support audit quality and independence. The paper outlines good practices in these areas and provides a summary of actual practices observed based on a review of audited financial statements and central bank legislation. While the audit frameworks for central banks differ depending on their legal and institutional circumstances, central banks’ external audits increasingly follow international standards. Most of them are audited by auditors with international affiliations and embrace modern governance structures that provide for audit oversight. However, the paper also notes that a sizeable number of central banks do not publish the audit results in a timely manner, which leaves room for improvement in transparency practices.
Book Synopsis Regulation and the Accounting Profession by : John W. Buckley
Download or read book Regulation and the Accounting Profession written by John W. Buckley and published by Belmont, Calif. : Lifetime Learning Publications. This book was released on 1980 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Auditor Rotation Versus Audit Partner Rotation by : Man Chiu Cheuk
Download or read book Auditor Rotation Versus Audit Partner Rotation written by Man Chiu Cheuk and published by . This book was released on 2006 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt:
