jennings et al - 2006 - strong corporate governance and audit firm rotation- effects on judges'' independence perceptions and litigation judgments

CONCEPT RELEASE ON AUDITOR INDEPENDENCE AND AUDIT FIRM ROTATION doc

... such as the appointment and remuneration of the auditors by the audited firm, low levels of audit firm rotation or the provision of non audit services by audit PCAOB Release No. 2011-006 August ... prohibits auditors from providing certain non- audit services to clients and imposes mandatory audit partner rotation. These and other reforms were part of Congress's response to financial scandals ... this concept release is issued in the context of a broad-based conversation on how auditor independence, objectivity and professional skepticism could be enhanced, the Board is most focused on...

black et al - 2012 - how corporate governance affects firm value - evidence on channels from korea [kcgi]

... with only cross-sectional data, and report evidence of (i) a governance- to -value association between KCGI and firm market value, and (ii) likely causation for large firms, using the large firm ... markets provides evidence that better corporate governance predicts higher firm market value, but little evidence on the channels through which governance affects market value. We first show ... connection between firm- level corporate governance and market value, using panel data from 199 8-2 004 with firm fixed and random effects. We construct a broad corporate governance index (Korea Corporate...

benkel et al - 2006 - the assassination between corporate governance and earning management

... 4, Summer 2006 215 1-6 04 1-5 03 1-4 02 1-3 01 1-2 0 1-1 0 -9 -0 -1 9 up to -1 0 -3 1up to -2 0Percent806040200418678 Diagram 4. Performance Measurements-ROCE (Return on Capital Employed) ... Employed) (N=316, x =7.34, SD=7.9) 7 1-1 006 1-7 051 -6 04 1-5 031 -4 02 1-3 011 -2 01 -1 0 -9 to 0 -1 9 up to -1 0 -2 9 up to -2 0 -4 1 up to -3 0Percent504030201002929458 ... 5. Performance Measurements-ROE (Return on Equity) (N=316, x =11.64, SD=15.33) 9 1-1 008 1-9 07 1-8 06 1-7 05 1-6 04 1-5 03 1-4 02 1-3 01 1-2 0 1-1 0 -2 9 up to 0 -9 0 up to -3 0Percent403020100325917312372...

ewelt-knauer et al - 2013 - mandatory audit firm rotation- a review of stakeholder perspectives and prior research [mafr]

... than the related benefits of such regulations (Hussey and Lan,2001).3.4 Analytical Research Finally, analytical research generally reveals positive effects of mandatory firmrotation on auditor independence, ... is important to consider metho dological limit-ations, such as a lack of external validity of analytical and experimental research, and survey results can be biased by personal motives and experiences. ... of a disagreement (Iyer and Rama, 2004). O’Leary and Radich(1996) found that the majority of auditors and publicly listed companies wereagainst mandatory audit firm rotation due to a misbalance...

kwon et al - 2014 - the effect of mandatory audit firm rotation on audit quality and audit fees empirical - evidence from the korean audit market [mafr]

... Financial Supervisory Services (FSS) in Korea. 1 The effect of mandatory audit firm rotation on audit quality and audit fees: Empirical evidence from the Korean audit market INTRODUCTION ... Electronic copy available at: http://ssrn.com/abstract=1764343 The effect of mandatory audit firm rotation on audit quality and audit fees: Empirical evidence from the Korean audit market ... introduction of mandatory audit firm rotation had a much broader impact than the specific instances of mandatory rotation. Keywords: Audit firm rotation, Audit fees, Audit quality, Audit hours...

lee et al - 2006 - auditor conservatism and audit quality - evidence from ipo earnings forecasts

... thecommon auditor size-based proxy for audit quality. Several studies focus on the link between audit quality (proxied by Big 6) and the accrualcomponent of earnings. 7Francis et al. (1999)demonstrate ... Auditor Conservatism and Audit Quality: Evidence from IPO Earnings Forecasts Philip J. Lee, 1Sarah J. Taylor2 and Stephen L. Taylor31University of Sydney, Australia2University ... statistically significantly different from non-Big 6 auditees at 10%, 5%, 1% levels. Auditor Conservatism and Audit Quality 189Int. J. Audit. 10: 183199 (2006) â 2006 The Author(s)Journal compilation...

jennings et al - 2006 - strong corporate governance and audit firm rotation- effects on judges' independence perceptions and litigation judgments

... HorizonsVol. 20, No. 3September 2006 pp. 253–270 Strong Corporate Governance and Audit Firm Rotation: Effects on Judges’ Independence Perceptions and Litigation Judgments Marianne Moody Jennings, ... (orjuries’) perceptions of auditor independence, given circumstantial evidence and environ-mental conditions. The Securities and Exchange Commission (SEC) standard for auditor independence also uses ... (e.g., Kadous2000, 2001; Lowe et al. 2002; Brandon and Mueller 2006) or judges (e.g., Lowe and Reckers 1994; Jennings et al. 1998; Jennings et al. 1993; Anderson et al. 1997). What arethe advantages...

nasser et al - 2006 - auditor‐client relationship- the case of audit tenure and auditor switching in malaysia

... switched, the changes in operating income, market value of equity as well as the changes in total assets)explain the behaviour of ending audit ﬁrm tenure in of ce (i.e. audit switching) . The results ... Managerial Auditing Journal Auditor- client relationship: the case of audit tenure and auditor switching in Malaysia Abu Thahir Abdul Nasser Emelin Abdul Wahid Sharifah Nazatul ... in explaining switching and assuch H2 and H4 are accepted. However, the growth of company’s business, the increase in operating income and increase in market value do not affect the length of tenure...

black et al - 2012 - how corporate governance affects firm value - evidence on channels from korea [kcgi]

[cg-sr] aguilera et al - 2006 - corporate governance and social responsibility - uk and us

... 7969; E-mail:ruth-agu@uiuc.edu Corporate Governance and Social Responsibility: a comparative analysis of the UK and the US* Ruth V. Aguilera* *, Cynthia A. Williams, John M. Conley and Deborah ... dif-ferences between the corporate governance arrangements in the US and the UK by evalu-ating differing institutional investor composi-tion and modes of action in the two markets, and by exploring ... institutional investors betweenthe two countries. We then discuss the place of corporate social responsibility (CSR) issues inthe UK and US, and argue that CSR issues aregenerally treated more seriously...

cohen et al - 2004 - the corporate governance mosaic and financial reporting quality

... a financial expert. In their study, McDaniel et al. compared how financial experts may differ from financial literates in the evaluation of the quality of financial reporting items and whether ... reporting quality. ” For example, although, the BRC (1999) and Sarbanes-Oxley (2002) require auditors to discuss the quality of the financial reporting methods and not just their acceptability, the ... Journal of Accounting Literature (2004, pp. 8 7-1 52) 1 THE CORPORATE GOVERNANCE MOSAIC AND FINANCIAL REPORTING QUALITY INTRODUCTION One of the most important functions that corporate governance...

tan et al - does stronger corporate governance improve financial reporting quality

... examines whether stronger corporate governance leads to higher quality financial reporting. We use a regression discontinuity method to analyze the effect on financial reporting quality of shareholder-sponsored ... on financial reporting quality of shareholder-sponsored governance proposals that pass or fail by a small margin of votes in annual meetings (i.e., close-call proposals). For such close-call ... studies. 4.2. Financial Reporting Metrics We use three measures to proxy for financial reporting quality. Our first measure of financial reporting quality is the accrual-based Dechow and...

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