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effective internal control over financial reporting, and manifest the real and environmental impacts of accounting …
Persistent link: https://www.econbiz.de/10013242801
Conventional wisdom suggests that audit risk disclosure improves the quality of audited financial reports because the disclosure reduces information asymmetry between investors and companies. In contrast, we show that audit risk disclosure provides companies with another channel to influence...
Persistent link: https://www.econbiz.de/10012836742
In March 2020, Covid-19 was declared a pandemic by the World Health Organization. Most European governments reacted with lockdowns. A drop in demand as well as supply disruptions affected the economy which also hit European banks with quite a lot of uncertainty, not only regarding possible...
Persistent link: https://www.econbiz.de/10012795250
, accounting rules, legislation, and the general political climate. A major theme of this study is that government intervention has …
Persistent link: https://www.econbiz.de/10014025560
Financial restatements have significant implications for auditor-client relationships. We estimate that a restatement increases the odds of an auditor resignation dramatically. Restatements involving fraud, reversing profit to loss and those disclosed in press releases appear to drive the...
Persistent link: https://www.econbiz.de/10013109662
suggest that, even without management reports on internal control, analysis of the cause of known accounting mistakes may …
Persistent link: https://www.econbiz.de/10013070403
When there is high information asymmetry between directors and managers, independent directors do not have enough information to perform their functions. Only when faced with a good internal information environment can such directors acquire enough information to provide advice and monitor...
Persistent link: https://www.econbiz.de/10011825231
This paper assesses the effects of auditor dismissals and resignations on audit fees and, in particular, whether companies pay more or less for their audits around these events. We also test the hypotheses that the fee discount around a dismissal can be explained by the benefits of auditor...
Persistent link: https://www.econbiz.de/10014066778
typically have more complex operations, recent changes in organization structure, more accounting risk exposure, fewer resources …
Persistent link: https://www.econbiz.de/10014066012
Securities regulators around the world are considering the costs and benefits of alternative policies for providing information to financial markets on corporate internal control. These policy options differ on the level of auditor involvement, among other dimensions. We examine the association...
Persistent link: https://www.econbiz.de/10012755003