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The Auditor’s Report on Internal Control & Fraud Detection Responsibility : A Comparison of French and U.S. Users’ Perceptions
Foster, Benjamin P. - 2013
, Audit Conclusions and Reporting, now requires explicit acknowledgement of the auditor's responsibility for fraud procedures … wording as to the auditor's fraud detection responsibility. Results indicate that while U.S. users' perceptions increase … positively when fraud wording is added, French perceptions remain unchanged. Overall, our results suggest that both U.S. and non …
Persistent link: https://www.econbiz.de/10013077772
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Did fair-value accounting contribute to the financial crisis?
Laux, Christian; Leuz, Christian - 2009
The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we...
Persistent link: https://www.econbiz.de/10010303680
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Did fair-value accounting contribute to the financial crisis?
Laux, Christian; Leuz, Christian - 2009
The recent financial crisis has led to a major debate about fair-value accounting. Many critics have argued that fair-value accounting, often also called mark-to-market accounting, has significantly contributed to the financial crisis or, at least, exacerbated its severity. In this paper, we...
Persistent link: https://www.econbiz.de/10003909310
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Discussion of the Value of Financial Statement Verification in Debt Financing : Evidence from Private U.S. Firms
Cassar, Gavin - 2011
I discuss Minnis (2011) in the context of the broader literature on private firm financing. In particular, I focus on the unique features of the private firm setting and how it affects research design and inference. I detail the alternative information sources available to debt financiers of...
Persistent link: https://www.econbiz.de/10013130517
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The Value of Verification in Debt Financing : Evidence from Private U.S. Firms
Minnis, Michael - 2011
I examine how verification of financial statements influences debt pricing. I use a large proprietary database of privately-held U.S. firms, an important business sector in which the information environment is opaque and financial statement audits are not mandated. I find that audited firms have...
Persistent link: https://www.econbiz.de/10013130727
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Discussion of the Value of Financial Statement Verification in Debt Financing : Evidence from Private U.S. Firms
Cassar, Gavin - 2011
I discuss Minnis [2010] in the context of the broader literature on private firm financing. In particular, I focus on the unique features of the private firm setting and how it affects research design and inference. I detail the alternative information sources available to debt financiers of...
Persistent link: https://www.econbiz.de/10013131019
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Diversification by the Audit Office in the US and Its Impact on Audit Quality
Asthana, Sharad - 2014
In the past six years, the average number of industries (2-digit SIC) serviced by audit offices in the United States has grown by 20% and the number of industries where the office has specialization has fallen by 40% (Data Source: Audit Analytics). This suggests a trend away from specialization...
Persistent link: https://www.econbiz.de/10013065316
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Auditor Workload Compression and Busy Season Portfolio Changes – U.S. Evidence
Lopez, Dennis M. - 2017
The purpose of this study is to investigate the impact of auditor workload compression on the likelihood of changes to the busy season client portfolio of an audit firm. We find evidence of a positive association between workload compression and the likelihood of changes to the constituents of...
Persistent link: https://www.econbiz.de/10012964580
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An Empirical Investigation of the Audit Market in the U.S. Healthcare Sector
Yuan, Xiaoli - 2017
The purpose of this paper is to analyze the market for audit services for publicly traded companies operating in the US for-profit (FP) healthcare sector. Complex national and local healthcare laws and regulations suggest the importance of assessing fee effects of joint national-level and city...
Persistent link: https://www.econbiz.de/10012964582
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The Use and Characteristics of Foreign Component Auditors in U.S. Multinational Audits : Insights From Form AP Disclosures
Burke, Jenna - 2020
This paper investigates the common, yet previously opaque, practice of using foreign audit firms (component auditors) to conduct portions of audit work for U.S. public companies. U.S. regulators have expressed concern for the transparency and quality of audits using component auditors. Employing...
Persistent link: https://www.econbiz.de/10012838299