auditor s skill and audit quality

... regression residuals across firms, which lead to inflated t-statistics The estimation pro- cedure of year-by-year cross-sectional regressions and the use of average slopes and their time-series standard ... perceptions of audit quality Section III discusses the research design, and Section IV describes the sample selection procedure Section V reports the results of the association between tenure and perceptions ... participants view auditor tenure as affecting audit quality We use earnings response coefficients (ERCs) from contemporaneous returns-earnings regressions to measure investor perceptions of earnings quality...

Ngày tải lên: 06/01/2015, 19:42

... proxyused byLevinthalandFichman(1988)andVanstraelen(2000).When anauditorissuesanuncleanauditreportitmeanstheyareable to objectivelyassess business resultsand resist client pressure toissueacleanopinion(DeFond,Raghunandan,&Subramanyam, ... whichentailsthepublicauditorhavinganindefiniterelationship withthefoundationunlessiteitherceasestoexistorisnolonger considered“large”.Asfarasprivateauditorsareconcerned, Span-ish auditlaw states that, when audits are compulsory, private auditorscannotbecontractedbyanysingleorganizationforless ... auditordiscoveringerrorsinaclient’sfinancesandthenbringing theseerrorstolightintheauditreport.Auditquality,therefore, dependsonauditorcompetenceandindependence Competenceisassociatedwithanauditor’sprofessionalskills andindependencemaybereal(theauditor’sunbiasedor...

Ngày tải lên: 06/01/2015, 19:42

... Changeson Auditor Independence and Audit Quality Sarowar Hossain Australian School of Business, University of New South Wales, Australia This study investigates the impact of CLERP 9 on auditor ... The results show a significant and positive association between auditor-provided non-audit services (NAS) fees and the propensity to issue a going-concern opinion for a financially distressed company ... otherwise; INVESTMENTS = short- and long-term investment securities (measured as current assets minus debtors and inventory) divided by total assets; CFO =operating cash flow deflated by total assets;...

Ngày tải lên: 06/01/2015, 19:42

... different auditor. 12 The AD score o f an auditor is calculated as follows: AD Score = Auditor Score / (1+ Number of Designated Client Firms) The FSC maintains an auditor score system based on factors ... the auditors (AD scores) The auditor with the highest points will be allotted the auditor-designated firms that have the largest assets The designation period is usually three years, but this can ... f start-up costs would increase auditor costs considerably Also, lost audit efficiencies due to rotation may increase costs (Arrunada and Paz-Ares 1997). Trang 14rotation issues, empirical research...

Ngày tải lên: 06/01/2015, 19:42

... that strengthens the role of theshareholders in auditor selection also changes the incentives of the auditors and strengthens auditorindependence The Sarbanes-Oxley Act (SOX, U.S House of Representatives ... quality of audit work is not directly observable, so researchers have used differentmeasures for audit quality In this study, we use subsequent restatements as our measure for auditquality A restatement ... discussion of results related to the two issues examined in this study: audit fees inSection III and audit quality in Section IV Section V concludes with a summary and discussion II BACKGROUNDShareholder...

Ngày tải lên: 06/01/2015, 19:42

... earnings forecasts, conservatism SUMMARY Audit quality is not easily observed, and as a result researchers have increasingly relied on measurable attributes of audited financial statements This is ... of significantly less optimistic bias for forecasts associated with Big 6 auditors is robust to alternative measures of forecast bias We interpret these results as being consistent with the argument ... forecasts audited by Big 6 auditors prove to be more conservative, ex post, than those audited by non-Big 6 auditors Our results are broadly consistent with these predictions Univariate tests show...

Ngày tải lên: 06/01/2015, 19:43

... increased propensity to miss ana-lysts’ forecasts, as well as higher earnings-response coefficients increases withthe level of non-audit services acquired from industry specialist auditors com-pared ... evidencethat specialists provide higher audit quality as non-audit services increasewhile nonspecialist auditors provide lower audit quality as non-audit feesincrease Our results suggest the important ... negative associationbetween restatements and major classes of non-audit services, and a positiveassociation only for a small class of unspecified non-audit services (compris-ing 4.6% of total fees in...

Ngày tải lên: 06/01/2015, 19:43

... general discussion of our results PRIOR RESEARCH AND RESEARCH QUESTIONS DeAngelo (1981) notes that audit quality consists of two components: auditor com-petence and auditor independence Auditor ... As a sensitivity test, our analysis was redone excluding these five observations As described in Section 6, the results are the same as our primary results. Trang 7The Relationship between Auditor ... Palmrose (1987) and St Pierre and Anderson (1984) find that half of all litigation against auditors is associated with client bankruptcy and / or severe financial stress.2 Researchers have used...

Ngày tải lên: 06/01/2015, 19:43

... thepredecessor auditor’s and the successor auditor’s independence impaired manda-by dismissal threats and opinion shopping? Is the successor auditor’s auditquality lower than the predecessor auditor’s ... auditor’s nor the successor auditor’s independence is compromised by predeces-dismissal threats and opinion shopping Second, the successor auditor’s audit quality exceeds the predecessor auditor’s audit ... responses to audited ac-counting reports; (3) the determinants and consequences of auditor con-servatism and audit quality; and (4) comparisons of the predecessor andsuccessor auditor’s fees and...

Ngày tải lên: 06/01/2015, 19:43

... auditors Regulation matters when it comes to NAS purchases After the U.S Securities andExchange Commission (SEC) mandated fee disclosures, NAS purchases become negativelyassociated with firms seeking ... investigation and that publicly dis-closing NAS fees reduces NAS purchases This is consistent with the findings of most per-ception-related studies that financial statement users and juries deem ... and auditquality, as well as to regulators, investors, and auditors com-The remainder of the article is organized as follows ‘‘A Framework for Assessing theImpact of Auditor Independence on Audit...

Ngày tải lên: 06/01/2015, 19:44

... projects We also found, rather than reports that measure outcomes, most departments and division use status reports to track schedules and project costs Some of these status reports could be used ... Road Services and the Finance and Business Operations Divisions put many of the currents systems and controls in place; copies of each contract were subsequently located Auditor’s Remarks The ... needs assessment and data gathering phase for its participation in the ERMS Exceptions and Observations on the Audit and Report The auditor’s ―all access‖ request greatly exceeded typical audit...

Ngày tải lên: 06/03/2014, 23:20

... reports the main results and provides additional analyses and sensitivity tests Section 5 considers alternative partitions of the main variables and Section 6 considers the effects of incentives ... earnings before special items and depreciation, defined as sales (COMPUSTAT variable SALE) minus the cost of goods sold (COGS) minus sales, general, and administrative expenses (XSGA), all scaled ... whereas subsequent NAS fees do not Finally, our study addresses the call by Francis (2006) who states “…the analysis of auditor independence requires a more comprehensive analysis of incentives and...

Ngày tải lên: 06/01/2015, 19:41

... auditors’ levels of skill are unobservable, the set of employed auditors thus consists of the most skilled auditors The intuition is as follows When auditors’ levels of skill are unobservable, the ... higher levels of skill to raise the quality of their audits to implement the new standards As qBest n is strictly increasing in n, the auditors endowed with AUDITOR S SKILL, AUDITING STANDARDS, LITIGATION ... costs thus leads to a decrease in the quality of the audits supplied by auditors with low levels of skill and an increase in the quality of the audits supplied by auditors with high levels of skill, ...

Ngày tải lên: 06/01/2015, 19:42

... Oxidative stress responses of the yeast Saccharomyces cerevisiae Yeast 14, 15111527 17 Costa, V & Moradas-Ferreira, P (2001) Oxidative stress and signal transduction in Saccharomyces cerevisiae: insights ... cerevisiae has been used as model system to explore the mechanisms underlying the oxidative stress response, such as exposure to H2O2 or menadione [1619] In this study we have assessed the effect ... times, as described in Materials and methods the absence of H2O2, the recovery of ATP was almost complete, while the return of inosine to normal values was much slower Discussion The results presented...

Ngày tải lên: 17/03/2014, 10:20

... Statistical analysis Data were analyzed using prism for Windows (GraphPad Software, Inc., San Diego, CA) Two-way ANOVA was used for assessment of dose–response experiments (Figs and 4) Comparisons between ... rate (C) ROS Measurements for assessment of DWm, ATP levels and ROS were performed under different conditions Measurements of oxygen consumption for assessment of respiration rate represent four ... conditions Discussion In this study, we found that CsA induces increases in the production of ROS and in cytosolic [Ca2+] In contrast to expectations, we found that these increases FEBS Journal...

Ngày tải lên: 30/03/2014, 08:20

... anti-phosphopRb(Ser795) Ig Unprocessed-Ras was separated from processed Ras in 15% SDS/PAGE As we had shown previously, during the course of HR12 treatment, unprocessed Ras accumulated, whereas processed-Ras ... DN-RasN17 in fibroblasts caused p27Kip1 accumulation, resulting in suppression of Cdk activities and G1 arrest [26,28] Oncogenic Ras-transformed epithelial and fibroblast cells were shown to express ... (p-pRb) Igs (up) Unprocessed Ras, (p) processed Ras The upper graph shows the levels of processed Ras, as a percentage of total Ras, over the course of HR12 treatment The lower graph shows levels of...

Ngày tải lên: 31/03/2014, 01:20

... lipase assays were performed with increasing amounts of bis-ANS using TO as substrate Bis-ANS inhibited the activity of both phosphorylated and nonphosphorylated HSL Normalization of the two sets ... emission wavelength of the HSL–bisANS complex shifted 13 nm from the lowest to the highest concentrations of bis-ANS This shift suggests that there is more than one binding site for bis-ANS on ... phospholipid vesicles following PKA phosphorylation Results Expression and purification of C-terminally His-tagged rat adipocyte HSL C-terminally His-tagged rat HSL was successfully expressed...

Ngày tải lên: 18/02/2014, 11:20

... CNS SCs can be induced to produce cytokines and chemokines, to express major histocompatibility complex (MHC) class II molecules and adhesion molecules, and to serve as antigen-presenting cells ... versus cultures with only treatment of LPS (C) ELISA showed the effects of MAPK inhibitors on ICAM-1 protein synthesis in SCs The data are means ± SEM *P = 0.01 (Student s t-test, n = 3) versus ... immunoreactivity is represented as means ± SEM Oneway ANOVA followed by Tukey s post-hoc multiple comparison tests were used for statistical analysis P values < 0.05 were considered statistically significant...

Ngày tải lên: 18/02/2014, 18:20

... epistemic justifiability I begin with a standard answer to the metaquestions just raised: I will then explain how I believe this standard answer needs to be reassessed This standard answer is that ... Note: This usage is derived from William James To avoid confusion, I often describe passional causes of beliefs as ‘non-evidential’ causes I also sometimes refer to potential passional causes of ... example, religious beliefs resulting from enculturation or from desires (perhaps deep-seated and unconscious) will count as passionally caused Where such a passional cause sustains belief even though...

Ngày tải lên: 11/06/2014, 05:31

... this process This is associated with the increased susceptibility of aged individuals to infectious diseases (10, 17) Thus, investigating the mechanisms that regulate thymic involution and identifying ... Obviously, much more work is needed to understand the crosstalk and interregulatory relationships between chemokines and cytokines, mesenchymal cells and adipocytes during the aging process, in ... thymic tissue loss rather than simply increasing as a consequence of thymic loss by some other as-of-yet undescribed mechanism Based on these findings, studies are underway to investigate the role...

Ngày tải lên: 08/08/2014, 18:20