:::

詳目顯示

回上一頁
題名:會計師產業專家與關係人銷貨之關聯性研究
作者:蔡元棠
作者(外文):Yuan-Tang Tsai
校院名稱:臺灣大學
系所名稱:會計學研究所
指導教授:王泰昌
學位類別:博士
出版日期:2015
主題關鍵詞:會計師產業專家關係人銷貨訊息效果獨立董事會計資訊品質auditor industry expertiserelated-party salessignaling functionindependent directoraccounting information quality
原始連結:連回原系統網址new window
相關次數:
  • 被引用次數被引用次數:期刊(0) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:0
  • 共同引用共同引用:0
  • 點閱點閱:10
Abstract
Auditor industry expertise has become a popular issue in recent years. Many studies focus on the relationship between auditor industry expertise and audit quality. However, few researchers discuss the signaling function of auditor industry professionals. That is, companies hire auditor industry specialists to validate their financial reports and mitigate the investors’ concern. This study therefore tries to fill this gap. We choose related-party sales as our main test variable. First, we examine whether management prefers to hire an industry specialist when a company has a higher level of related-party sales, in order to audit its financial reports and thereby mitigate outside investors’ concern. The empirical results support this explanation and our findings are the same in both the firm and partner level. In addition, we find when a company has higher accounting information quality, its management is more likely to hire an auditor industry specialist. However, this hypothesis may be weakened if a company has independent director(s) on its board since both the roles of an independent director and a specialist are quite similar. Second, we test market reaction for hiring an auditor industry specialist. The results show when a company has higher accounting information quality and the amount of related-party sales increases, in some situations, hiring an auditor industry specialist can mitigate the negative concern from outside investors.
References
Abbott, L. J. and Parker, S. (2000) Auditor selection and audit committee characteristics, Auditing: A Journal of Practice & Theory, 19 (2), pp. 47–66.
Balsam, S., Krishnan, J. and Yang, J. S. (2003) Auditor industry specialization and earnings quality, Auditing: A Journal of Practice & Theory, 22 (2), pp. 71–97.
Beasley, M. S. and Petroni, K. R. (2001) Board independence and audit-firm type, Auditing: A Journal of Practice & Theory, 20 (1), pp. 97–114.
Becker, C. L., DeFond, M. L., Jiambalvo, J. and Subramanyam, K. R. (1998) The effect of audit quality on earnings management, Contemporary Accounting Research, 15 (1), pp. 1–24.
Bushman, R. M. and Smith, A. J. (2003) Transparency, financial accounting information, and corporate governance, Economic Policy Review, 9 (1), pp. 65–87.
Cano-Rodriguez, M. (2010) Big auditors, private firms and accounting conservatism: Spanish evidence, European Accounting Review, 19 (1), pp. 131–159.
Carcello, J. V. and Nagy, A. L. (2004) Client size, auditor specialization, and fraudulent financial reporting, Managerial Auditing Journal, 19 (5), pp. 651–668.
Carcello, J. V. and Li, C. (2013) Costs and benefits of requiring an engagement partner signature: recent experience in the United Kingdom, The Accounting Review, 88 (5), pp. 1511–1546.
Chen, Y. M., Moroney, R. and Houghton, K. (2005) Audit committee composition and the use of an industry specialist audit firm, Accounting and Finance, 45, pp. 217–239.
Cheung, Y. L., Qi, Y., Rau, P. R. and Stouraitis, A. (2009) Buy high, sell low: how listed firms price asset transfers in related party transactions, Journal of Banking & Finance, 33, pp. 914–924.
Cheung, Y. L., Rau, P. R. and Stouraitis, A. (2006) Tunneling, propping, and expropriation: evidence from connected party transactions in Hong Kong, Journal of Financial Economics, 82, pp. 343–386.
Chi, H. and Chin, C. (2011) Firm versus partner measures of auditor industry expertise and effects on auditor quality, Auditing: A Journal of Practice & Theory, 30 (2), pp. 201–229.
Chin, C. and Chi, H. (2009) Reducing restatements with increased industry expertise, Contemporary Accounting Research, 26 (3), pp. 729–765.
Dechow, P. M. and Dichev, I. D. (2002) The quality of accruals and earnings: the role of accrual estimation errors, The Accounting Review, 77 (Supplement), pp. 35–59.
Ferguson, A., Francis, J. R. and Stokes, D. J. (2003) The effects of firm-wide and office-level industry expertise on audit pricing, The Accounting Review, 78 (2), pp. 429–448.
Francis, J. R. and Krishnan, J. (1999) Accounting accruals and auditor reporting conservatism, Contemporary Accounting Research, 16 (1), pp. 139–165.
Francis, J. R., Maydew, E. L. and Sparks, H. C. (1999) The role of Big 6 auditors in the credible reporting of accruals, Auditing: A Journal of Practice & Theory, 18 (2), pp. 17–34.
Francis, J. R., Stokes, D. J. and Anderson, D. (1999) City markets as a unit of analysis in audit research and the re-examination of Big 6 market shares, Abacus, 35 (2), pp. 185–206.
Gordon, E. A., Henry, E. and Palia, D. (2004) Related party transactions and corporate governance, Advances in Financial Economics, 9, pp. 1–27.
Gul, F. A., Wu, D. and Yang, Z. (2013) Do individual auditors affect audit quality? Evidence from archival data, The Accounting Review, 88 (6), pp. 1993–2023.
Jian, M. and Wong, T. J. (2004) Earnings management and tunneling through related party transactions: evidence from Chinese corporate groups, Working paper.
Johnson, S., La Porta, R., Lopez-de-Silanes, F. and Shleifer, A. (2000) Tunneling, American Economic Review, 90, pp. 22–27.
Krishnan, G. V. (2003) Does Big 6 auditor industry expertise constrain earnings management? Accounting Horizons, 17 (Supplement), pp. 1–16.
Liao, H., Wang, C. and Chi, W. (2012) What does the complete disclosure of audit fee information tell us in Taiwan? Taiwan Accounting Review, 8 (1), pp. 49–88.
Lo, A. W. Y., Wong, R. M. K. and Firth, M. (2010) Can corporate governance deter management from manipulating earnings? Evidence from related-party sales transactions in China, Journal of Corporate Finance, 16, pp. 225–235.
Luan, C. and Tang, M. (2007) Where is independent director efficacy? Corporate Governance: An International Review, 15 (4), pp. 636–643.
McNichols, M. F. (2002) Discussion of “The quality of accruals and earnings: the role of accrual estimation errors”, The Accounting Review, 77 (Supplement), pp. 61–69.
Owhoso, V. E., Messier, W. F., Jr. and Lynch, J. G., Jr. (2002) Error detection by industry-specialized teams during sequential audit review, Journal of Accounting Research, 40 (3), pp. 883–900.
Peng, W. Q., Wei, K. C. J. and Yang, Z. (2011) Tunneling or propping: evidence from connected transactions in China, Journal of Corporate Finance, 17, pp. 306–325.
Reichelt, K. J. and Wang, D. (2010) National and office-specific measures of auditor industry expertise and effects on audit quality, Journal of Accounting Research, 48 (3), pp. 647–686.
Reynolds, J. K. and Francis, J. R. (2000) Does size matter? The influence of large clients on office-level auditor reporting decisions, Journal of Accounting and Economics, 30, pp. 375–400.
Solomon, I., Shields, M. D. and Whittington, O. R. (1999) What do industry-auditor specialists know? Journal of Accounting Research, 37 (1), pp. 191–208.

 
 
 
 
第一頁 上一頁 下一頁 最後一頁 top
:::
無相關博士論文
 
無相關書籍
 
無相關著作
 
無相關點閱
 
QR Code
QRCODE