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Internal Audit Competency Changes in Response to Financial Reporting Quality Failures

Reville, Melissa - 2019

Limited data availability on the internal audit function (IAF) has constrained research on the topic. This study uses unique, manually collected data from LinkedIn on internal audit personnel that overcomes certain limitations of previous survey-based data. Using this longitudinal data, we test...

Persistent link: https://www.econbiz.de/10012898518

Internal Audit Competency and Financial Reporting Quality : Evidence from LinkedIn Human Capital Data

Renschler, Melissa; Ahn, Jaehan; Hoitash, Rani; Hoitash, Udi - 2023

Limited availability of human capital data on the internal audit function (IAF) has constrained research on this topic. This study overcomes certain data limitations by using LinkedIn data from Revelio Labs. Using longitudinal data on individual IAF employees, we document that IAF experience,...

Persistent link: https://www.econbiz.de/10014262021

Internal Control Quality and Audit Pricing Under The Sarbanes-Oxley Act

Hoitash, Rani; Hoitash, Udi; Bedard, Jean C. - 2012

This paper extends prior research on audit risk adjustment by examining the association of audit pricing with internal control problems disclosed under Sections 404 and 302 of the Sarbanes-Oxley Act. While studies of auditors' responses to internal control risk provide mixed evidence, it is...

Persistent link: https://www.econbiz.de/10014053083

The Determinants, Textual Properties, and Consequences of U.S. Critical Audit Matter Disclosures

Burke, Jenna; Hoitash, Rani; Hoitash, Udi; Xiao, Xia - 2021

This study investigates the determinants, textual properties, and consequences of the newly disclosed U.S. critical audit matters (CAMs). We find that complexity, financial reporting issues, and the magnitude of accounts that require high degrees of judgment significantly determine the quantity...

Persistent link: https://www.econbiz.de/10013251659

Audit Pricing and Internal Control Disclosures Among Non-Accelerated Filers

Bedard, Jean C.; Hoitash, Udi; Hoitash, Rani - 2012

In this paper we examine the association of audit fees with disclosures regarding internal control effectiveness under Section 302 of the Sarbanes Oxley Act of 2002 (SOX). In contrast to previous studies, we focus on non-accelerated filers, whose eventual compliance with the costly provisions of...

Persistent link: https://www.econbiz.de/10014053679

The Costs and Benefits of Retirement Policies at U.S. Audit Firms

Burke, Jenna - 2020

The mandatory retirement age within U.S. audit firms ranges from 55 to 62, which has resulted in both controversy and legal scrutiny. The potential cost of requiring partners to retire at an age that is far younger than in other countries and related professions is the loss of their connections,...

Persistent link: https://www.econbiz.de/10012838922

Auditor Response to Negative Media Coverage of Client Environmental, Social, and Governance Practices

Burke, Jenna - 2019

We use new data to examine auditor response to negative media coverage of client environmental, social, and governance … assessment in client retention and pricing decisions. Specifically, media criticism can threaten a client's financial condition … related financial problems. We therefore predict that auditors will notice and incorporate media-provided ESG information in …

Persistent link: https://www.econbiz.de/10012903258

Auditor Task-Specific Expertise : The Case of Fair Value Accounting

Ahn, Jaehan - 2019

PCAOB inspections repeatedly indicate deficiencies in audits of FV estimates, resulting in efforts by regulators to improve the related guidance and auditing standards (PCAOB 2017a). Nevertheless, regulators cannot fully resolve the complexity and inherent subjectivity in auditing fair value...

Persistent link: https://www.econbiz.de/10012899089

Financial Constraints, Auditing, and External Financing

Becker, Mary J - 2020

This paper investigates whether financially constrained firms use costly audit signals to facilitate their access to external financing. We document that when facing higher financial constraints, firms pay higher audit fees and have their audit opinion reports completed sooner. The higher audit...

Persistent link: https://www.econbiz.de/10012823958

SOX 404, Auditor Effort, and the Prevention of Financial Report Misstatements

Zhao, Yuping - 2017

Prior research shows that the Sarbanes Oxley (SOX) Section 404(b) integrated audit is associated with lower incidence of misstatements. We predict that under 404(b), the auditor's ability to detect misstatements increases relative to other internal control regimes when greater resources are...

Persistent link: https://www.econbiz.de/10012970594