Non-audit services and financial reporting quality: evidence from 1978 to 1980
Tóm tắt
Từ khóa
Tài liệu tham khảo
Agrawal, A., & Chadha, S. (2005). Corporate governance and accounting scandals. Journal of Law and Economics, 48(2), 371–406.
AICPA. (1969). Ad hoc committee on independence: Final report. Journal of Accountancy (December).
AICPA. (1997). Serving the public interest—A new conceptual framework for auditor independence (October 20). New York, NY: American Institute of Certified Public Accountants.
AICPA Code of Professional Conduct Article IV. (2008). Available at http://www.aicpa.org/Research/Standards/CodeofConduct/DownloadableDocuments/2008CodeofProfessionalConduct.pdf .
Antle, R., Gordon, E., Narayanamoorthy, G., & Zhou, L. (2006). The joint determination of audit fees, non-audit fees, and abnormal accruals. Review of Quantitative Finance and Accounting, 27(3), 235–266.
Arrunada, B. (1999). The provision of non-audit services by auditors: Let the market evolve and decide. International Review of Law and Economics, 19(4), 513–531.
Ashbaugh, H., LaFond, R., & Mayhew, B. W. (2003). Do nonaudit services compromise auditor independence? Further evidence. The Accounting Review, 78(3), 611–639.
Ball, R., & Shivakumar, L. (2008). Earnings quality at initial public offerings. Journal of Accounting and Economics, 45(2–3), 324–349.
Beck, P., Frecka, T. J., & Solomon, I. (1988a). An empirical analysis of the relationship between MAS involvement and auditor tenor: Implications for auditor independence. Journal of Accounting Literature, 7, 65–84.
Beck, P., Frecka, T. J., & Solomon, I. (1988b). A model of the market for MAS and audit services: Knowledge spillovers and auditor-auditee bonding. Journal of Accounting Literature, 7, 50–64.
Benston, G. J. (1975). Accountant’s integrity and financial reporting. Financial Executive, 43(8), 10–14.
Bowman, A. W. (1985). Statement reproduced in SEC and corporate audits (part 1), hearings before the subcommittee on oversight and investigations of the committee on energy and commerce. House of Representatives, 99th Congress, 1st session, March 6, 1985: 700.719. Washington, D.C.: Government Printing Office.
Briloff, A. J. (1972). Unaccountable accounting. New York: Harper & Row.
Brown, L. D. (2001). A temporal analysis of earnings surprises: Profits versus losses. Journal of Accounting Research, 39(2), 221–241.
Brown, L. D., & Caylor, M. L. (2005). A temporal analysis of quarterly earnings thresholds: Propensities and valuation consequences. The Accounting Review, 80(2), 423–440.
Brown, J., Falaschetti, D., & Orlando, M. (2010). Auditor independence and quality of information in financial disclosure: Evidence for market discipline vs. Sarbanes-Oxley proscriptions. American Law and Economics Review, 12(1), 39–68.
Burgstahler, D., & Dichev, I. D. (1997). Earnings management to avoid earnings decreases and losses. Journal of Accounting and Economics, 24(1), 99–126.
Chung, H., & Kallapur, S. (2003). Client importance, nonaudit services, and abnormal accruals. The Accounting Review, 78(4), 931–955.
Cohen Commission: The Commission on Auditors’ Responsibilities. (1978). Report, conclusions, and recommendations. New York, NY: The Commission on Auditors’ Responsibilities.
DeBerg, C. L., Kaplan, S. E., & Pany, K. (1991). An examination of some relationships between non-audit services and auditor change. Accounting Horizons, 5(1), 17–28.
Dechow, P. M., Sloan, R. G., & Sweeney, A. P. (1995). Detecting earnings management. The Accounting Review, 70(2), 193–225.
DeFond, M. L., Raghunandan, K., & Subramanyam, K. R. (2002). Do non-audit service fees impair auditor independence? Evidence from going concern audit opinions. Journal of Accounting Research, 40(4), 1247–1274.
Degeorge, F., Patel, J., & Zeckhauser, R. (1999). Earnings manipulation to exceed thresholds. Journal of Business, 72(1), 1–33.
Dopuch, N., King, R. R., & Schwartz, R. (2003). Independence in appearance and in fact: An empirical investigation. Contemporary Accounting Research, 65, 83–113.
Firth, M. (1997). The provision of nonaudit services by accounting firms to their audit clients. Contemporary Accounting Research, 14(2), 1–21.
Francis, J. R. (2006). Are auditors compromised by nonaudit services? Assessing the evidence. Contemporary Accounting Research, 23(3), 747–760.
Francis, J. R., & Ke, B. (2006). Disclosures of fees paid to auditors and the market valuation of earnings surprises. Review of Accounting Studies, 11(4), 495–523.
Frankel, R. M., Johnson, M. F., & Nelson, K. K. (2002). The relation between auditors’ fees for nonaudit services and earnings management. The Accounting Review, 77(Supplement), 71–105.
Gleason, C., & Mills, L. (2011). Do auditor-provided tax services improve the estimate of tax expense? Contemporary Accounting Research (forthcoming).
Glezen, G. W., & Millar, J. A. (1985). An empirical investigation of stockholder reaction to disclosures required by ASR No. 250. Journal of Accounting Research, 23(2), 859–870.
Graham, J. R., Harvey, C. R., & Rajgopal, S. (2005). The economic implications of corporate financial reporting. Journal of Accounting and Economics, 40(1–3), 3–74.
Hayes, T. C. (1979.) Accountants under scrutiny: Consulting jobs called risk to independence. The New York Times (June 25).
Hermalin, B. E., & Weisbach, M. S. (2003). Board of directors as an endogenously-determined institution: A survey of the economic literature. Economic Policy Review, 9(1), 7–26.
Hribar, P., & Collins, D. W. (2002). Errors in estimating accruals: Implications for empirical research. Journal of Accounting Research, 40(1), 105–134.
Hribar, P., & Nichols, D. C. (2007). The use of unsigned earnings quality measures in tests of earnings management. Journal of Accounting Research, 45(5), 1017–1053.
Jamal, K., & Sunder, S. (2011). Is mandated independence necessary for audit quality? Accounting, Organizations and Society, 36, 284–292.
Jones, J. J. (1991). Earnings management during import relief investigations. Journal of Accounting Research, 29(2), 193–228.
Kinney, W. R. (1988). Attestation research opportunities: 1987. Contemporary Accounting Research, 4(Spring), 416–425.
Kinney, W. R. (2005). Twenty-five years of audit deregulation and re-regulation: What does it mean for 2005 and beyond? Auditing: A Journal of Practice and Theory, 24(Supplement), 89–109.
Kinney, W. R., & Libby, R. (2002). Discussion of the relation between auditors’ fees for nonaudit services and earnings management. The Accounting Review, 77(Supplement), 107–114.
Kinney, W. R., Palmrose, Z.-V., & Scholz, S. (2004). Auditor independence, non-audit services, and restatements: Was the U.S. government right? Journal of Accounting Research, 42(3), 561–588.
Klein, B., & Leffler, K. B. (1981). The role of market forces in assuring contractual performance. Journal of Political Economy, 89, 615–641.
Larcker, D. F., & Richardson, S. A. (2004). Fees paid to audit firms, accrual choices, and corporate governance. Journal of Accounting Research, 40(3), 625–658.
Levitt, A. (1998). The numbers game. Unpublished remarks. Available at http://www.sec.gov/news/speech/speecharchive/1998/spch220.txt .
Maher, M. W., Tiessen, P., Colson, R., & Broman, A. J. (1992). Competition and audit fees. The Accounting Review, 67(1), 199–211.
Matsumoto, D. A. (2002). Management’s incentives to avoid negative earnings surprises. The Accounting Review, 77(3), 483–514.
Mautz, R. K., & Sharaf, H. A. (1961). The philosophy of auditing. Monograph No. 6. Sarasota, FL: American Accounting Association.
Mergenthaler, R. D., Rajgopal, S., & Srinivasan, S. (2011). CEO and CFO career penalties to missing quarterly analysts forecasts. Working paper, University of Iowa, Emory University, and Harvard Business School.
Metcalf Committee Staff Study. (1977). Improving the accountability of publicly owned corporations and their auditors. Subcommittee on Reports Accounting and Management, Committee on Government Affairs, United States Senate, 95th Congress, 1st Session.
Palmrose, Z.-V. (1999). Empirical research on auditor litigation: Considerations and data. Studies in Accounting Research Monograph #33. Sarasota, FL: American Accounting Association.
Parkash, M., & Venable, C. F. (1993). Auditee incentives for auditor independence: The case of nonaudit services. The Accounting Review, 68(1), 113–133.
Previts, G. J. (1985). The scope of CPA services: A study of the development of the concept of independence and the profession’s role in society. New York, NY: Wiley.
Public Oversights Board (POB). (2000). Panel on audit effectiveness: Report and recommendations. Stamford, CT: American Institute of Certified Public Accountants.
Report of the Special Committee on Equity Funding. (1975). New York, NY: American Institute of Certified Public Accountants.
Reynolds, J. K., Deis, D. R., & Francis, J. R. (2004). Professional service fees and auditor objectivity. Auditing: A Journal of Practice and Theory, 23(1), 29–52.
Ruddock, C., Taylor, S. J., & Taylor, S. L. (2006). Nonaudit services and earnings conservatism: Is auditor independence impaired? Contemporary Accounting Research, 23(3), 701–746.
Scheiner, J. H. (1984). An empirical assessment of the impact of SEC nonaudit service disclosure requirements on independent auditors and their clients. Journal of Accounting Research, 22(2), 789–797.
Scheiner, J. H., & Kiger, J. E. (1982). An empirical investigation of auditor involvement in non-audit services. Journal of Accounting Research, 20(2), 482–496.
Securities Exchange Commission (SEC). (1978). Accounting series release no. 250: Disclosure of relationships with independent public accounts. Washington, D.C.: Government Printing Office.
Securities Exchange Commission (SEC). (2000). Final rule: Revision of the commission’s auditor independence requirements. Washington, D.C.: Government Printing Office.
Seidler, L. J., Andrews, F., & Epstein, M. J. (1977). The equity funding papers: The anatomy of a fraud. Santa Barbara, CA: Wiley/Hamilton.
Simunic, D. A. (1984). Auditing, consulting, and auditor independence. Journal of Accounting Research, 22(2), 679–702.
Stevens, M. (1991). The big six: The selling out of America’s top accounting firms. New York, NY: Simon & Schuster.
Teoh, S. H., Welch, I., & Wong, T. J. (1998). Earnings management and the underperformance of seasoned equity offerings. Journal of Financial Economics, 50(1), 63–99.
Warfield, T. D., Wild, J. J., & Wild, K. L. (1995). Managerial ownership, accounting choices, and informativeness of earnings. Journal of Accounting and Economics, 20(1), 61–91.
Watts, R. L., & Zimmerman, J. L. (1981). The markets for independence and independent auditors. Working paper, University of Rochester.
Watts, R. L., & Zimmerman, J. L. (1983). Agency problems, auditing, and the theory of the firm: Some evidence. Journal of Law and Economics, 26(3), 613–633.
Whisenant, S., Sankaraguruswamy, S., & Raghunandan, K. (2003). Evidence on the joint determination of audit and non-audit fees. Journal of Accounting Research, 41(4), 721–744.