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Whistleblowing Allegations, Audit Fees, and Internal Control Deficiencies
Kuang, Yu Flora - 2020
We investigate whether audit fees and auditors' opinions on internal controls are associated with whistleblowing allegations externally filed to regulatory agencies. We find that firms subject to whistleblowing allegations have significantly higher audit fees, regardless of the substance of...
Persistent link: https://www.econbiz.de/10012830060
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Proactive Financial Reporting Enforcement : Audit Fee and Financial Reporting Quality Effects
Florou, Annita - 2020
We examine the costs and benefits of proactive financial reporting enforcement by the UK Financial Reporting Review Panel. Enforcement scrutiny is selective and varies by sector and over time, yet can be anticipated by auditors and companies. We find evidence that increased enforcement intensity...
Persistent link: https://www.econbiz.de/10012854900
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Predicting Internal Control Weaknesses : Evidence from Audit Fees and Financial Reporting Quality in the Pre-SOX US Era, UK and Australia
Fung, Simon - 2011
Based on a model developed in prior studies (e.g. Ogneva et al. 2007), we first use US data to predict the likelihood that a firm has material internal control weaknesses (ICW). We then show, using this model, that firms in the pre-SOX era, in UK and in Australia with a higher predicted...
Persistent link: https://www.econbiz.de/10013121920
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The Effect of Ambiguity in an Auditing Standard on Auditor Independence : Evidence from Nonaudit Fees and SOX 404 Opinions
Li, Chan - 2017
We examine the relation between nonaudit fees and SOX 404 opinions on the effectiveness of a client's internal control over financial reporting. We find a negative association between nonaudit fees and the auditor's propensity to issue an adverse SOX 404 opinion during 2004-2006 (when AS2 was...
Persistent link: https://www.econbiz.de/10012961841
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Abnormal Audit Fees and Audit Quality : Evidence from the Korean Audit Market
Behrend, Matthew; Khan, Sarfraz; Ko, Young Woo; Park, … - 2022
Do abnormally high or low audit fees reflect audit quality? In this paper, we re-examine this issue after controlling for the confounding effect of audit hours by using a sample of public firms in the Korean audit market, which publicly discloses both audit fees and audit hour information. While...
Persistent link: https://www.econbiz.de/10014361619
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The Pervasive Nature of IT Controls : An Examination of Material Weaknesses in IT Controls and Audit Fees
Canada, Joseph - 2014
The complexity of computerized information systems increases the complexity of the external auditor's assessment of the reliability of a client's internal control systems. The purpose of this study is to investigate the impact of weaknesses in IT related internal controls on the cost of a SOX...
Persistent link: https://www.econbiz.de/10013071243
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Auditor Characteristics, Audit Tenure, Audit Fee and Audit Quality
Senjaya, Melya - 2017
for auditors working in Public Accounting Firms in DKI Jakarta. Methodology/Technique – The independent variables used in … this research consists of 25 Public Accounting Firms located in DKI Jakarta. There are 164 respondents used as samples in … public accounting firms located in DKI Jakarta, with a minimum of one year work duration. This research used statistical …
Persistent link: https://www.econbiz.de/10012951383
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The Value-Add of an Audit in a Post-SOX World
Boyle, Erik S. - 2018
Although researchers commonly acknowledge that public-company audits should add value by improving the precision of financial information via reduced estimation errors, prior literature correctly notes that there is little direct archival evidence to support this assertion. Moreover, regulatory...
Persistent link: https://www.econbiz.de/10012936395
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Abnormal Audit Fees and Audit Quality : The Importance of Considering Managerial Incentives in Tests of Earnings Management
Eshleman, John Daniel - 2014
Are high audit fees a signal that the auditor exerted more effort or a signal that the auditor may be losing her independence? Prior literature offers conflicting evidence. In this paper, we re-examine the issue on a sample of clients who have both the incentive and the ability to use...
Persistent link: https://www.econbiz.de/10013058925
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Abnormal Audit Fees and Accounting Quality
Coulton, Jeffrey - 2016
unusually high (or low) audit fees and their expected relation with accounting quality. Abnormally high or low fees are … can clarify their relation to accounting quality. We show that the “jump” in fee residuals relative to their long …-run “sticky” average is strongly associated with lower accounting quality. Hence, a “jump” in fee residuals is a suitable proxy …
Persistent link: https://www.econbiz.de/10012984931