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We examine the association between country-level government quality and firms' choice of external auditors. Using a cross-sectional sample of 142,193 firm-year observations from 46 countries over 1998-2007, we show that the government quality of a country has a significant positive effect on the...
Persistent link: https://www.econbiz.de/10013091923
We examine the association between country-level government quality and firms' choice of external auditors. We use a firm's choice of a Big 4 auditor as a proxy for the demand for high-quality financial reporting. Using a cross-sectional sample of 142,193 firm-year observations from 46 countries...
Persistent link: https://www.econbiz.de/10013092405
This paper examines whether firms' auditor choice affects their ability to access foreign equity capital. Using the equity holdings of 34,837 foreign mutual funds from 28 countries, we find evidence that appointing a Big 4 auditor increases the level of foreign mutual fund ownership in firms....
Persistent link: https://www.econbiz.de/10013067477
We examine the relation between auditor reputation and earnings management in banks using a sample of banks from 29 countries. In particular, we examine the implications of two aspects of auditor reputation, auditor type and auditor industry specialization, for earnings management in banks. We...
Persistent link: https://www.econbiz.de/10013039074
This study examines how and why the board of statutory auditors, an important accounting institution, has continued to operate from its establishment in 1882 until today, with little change in its nature and role. This is despite the fundamental changes that have occurred in the Italian social,...
Persistent link: https://www.econbiz.de/10012836793
in 2001, the global audit market has become highly concentrated during the past 30 years. Many interested parties …, including regulators, researchers, and practitioners, disagree on whether concentration would benefit or harm the audit market …, we first develop a model in which legal regime plays a significant role in explaining the effect of audit market …
Persistent link: https://www.econbiz.de/10012901730
As companies expand their operations across national borders, international internal audit assignments are becoming … commonplace. However, the internal audit functions of multinational companies face unique issues since their work quality is … analyze these interactions. For this purpose, fourteen qualitative in-depth interviews with internal audit practitioners …
Persistent link: https://www.econbiz.de/10012890599
We investigate the impact of the initiations of national audit inspection programs on firm-specific stock crash risk in … the causal effect of audit quality on crash risk. We find a significant decrease (32.39%) in a firm's crash risk … subsequent to the initiations of audit inspections. This negative effect is stronger for auditors with smaller size, limited …
Persistent link: https://www.econbiz.de/10012893425
reducing pre-audit errors, then the role of the audit in error reduction will decline. Using the Amiram, Bozanic, and Rouen … (2015) Financial Statement Divergence score as a measure of financial statement error, we examine the role of the audit in … audit continues to be associated with reduced financial statement error and that the size of the effect is economically …
Persistent link: https://www.econbiz.de/10012936395
aggressiveness is more pronounced in countries where investor protection is stronger, auditor litigation risk is higher, the audit …
Persistent link: https://www.econbiz.de/10012970287