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Articles 1 - 11 of 11
Full-Text Articles in Accounting
Audit Firms’ Response To Audit Failures: Evidence From Partner Resource Reallocation, Elizabeth Cowle
Audit Firms’ Response To Audit Failures: Evidence From Partner Resource Reallocation, Elizabeth Cowle
Graduate Theses and Dissertations
I investigate whether audit firms reallocate partner resources following restatement announcements and, consequently, whether a supply-side response is beneficial in mitigating the previously documented implications of realized audit failures. I find a positive association between prior period restatement announcements and the year-over-year percentage change in the number of engagement partners allocated to a local audit office. Further analysis suggests that a supply-side response is beneficial in mitigating the persistence of low-quality audits and lost market share. However, I also find some evidence suggesting that the reallocation of partner resources can be detrimental to audit quality at offices from which partners …
The Value Of Assurance Over Internal Controls: Evidence From Mergers And Acquisitions, Ryan Courtlin Cating
The Value Of Assurance Over Internal Controls: Evidence From Mergers And Acquisitions, Ryan Courtlin Cating
Graduate Theses and Dissertations
In this study, I examine the value of assurance over internal controls in the mergers and acquisitions setting. Specifically, I examine the how the existence of an internal control audit mandated under Section 404(b) of SOX affects information asymmetry as proxied for by the likelihood of a company becoming the target of an acquisition. I find that companies with internal control audits are significantly more likely to receive bids than their counterparts that do not have an internal control audit. Upon further investigation, I find that the mechanism by which companies are more likely to become the target of an …
Auditor Information Spillovers And Company Operating Performance: Evidence From Targeted Auditor Switches, Tyler Kleppe
Auditor Information Spillovers And Company Operating Performance: Evidence From Targeted Auditor Switches, Tyler Kleppe
Graduate Theses and Dissertations
In this study, I examine whether companies realize operational benefits from making “targeted auditor switches” (i.e., engaging a new auditor recently dismissed by a competitor company). While prior work provides evidence consistent with companies perceiving that auditor information spillovers are costly, there is sparse extant evidence as to whether auditors actually do transfer operational information across companies. I find that companies that switch to a competitor’s former auditor realize significant subsequent improvements in operating performance, and I provide evidence that the association between targeted auditor switches and improvements in operating performance varies predictably with several across- and within-market factors. In …
The Strategic Disclosure Of Currency Headwinds And Tailwinds, Kevin Butler
The Strategic Disclosure Of Currency Headwinds And Tailwinds, Kevin Butler
Graduate Theses and Dissertations
In this study, I examine whether companies are more likely to disclose revenue growth adjusted to remove the effects of foreign currency fluctuations (constant-currency revenue growth rates) when currency fluctuations decrease revenue growth (i.e., there is a currency headwind) than when currency fluctuations increase revenue growth. Public companies increasingly cite non-GAAP performance metrics when announcing earnings. While regulators see value in non-GAAP reporting, they continue to express concern that it is carried out inconsistently and in a misleading manner. Because the disclosure of constant-currency revenue growth is discretionary, companies have an incentive to strategically disclose it only when it benefits …
Does Industry-Level Information Affect Auditors’ Assessment Of Client-Level Risk?, David Rosser
Does Industry-Level Information Affect Auditors’ Assessment Of Client-Level Risk?, David Rosser
Graduate Theses and Dissertations
This study investigates auditors’ consideration of industry-level information in their assessment of client-level risk. Auditing standards suggest that industry-level information is likely to be important in the assessment of client-level risk, but the standards provide few specifics about how auditors should use industry-level information in the risk assessment process. I argue that industry norms serve as a benchmark for evaluating the risk of the client and that deviations from industry norms could indicate increased audit risk. I create measures that capture the extent to which clients deviate from industry norms using proxies for client-level risk factors. In my primary tests, …
The Determinants And Consequences Of Disclosure Committee Adoption, Lyle Roy Schmardebeck
The Determinants And Consequences Of Disclosure Committee Adoption, Lyle Roy Schmardebeck
Graduate Theses and Dissertations
After the passage of the Sarbanes-Oxley Act of 2002, the Securities and Exchange Commission recommended that companies voluntarily adopt disclosure committees to aid in preparing company disclosures. In this paper, I investigate the determinants and consequences of disclosure committee adoption. I find that companies with material weaknesses in internal controls over financial reporting and less readable 10-K filings are more likely to adopt disclosure committees. In consequences analyses, using a propensity score matched control sample and a difference-in-differences research design, I find that 10-K filings are longer and less readable after disclosure committee adoption. However, consistent with institutional theory, I …
Determinants And Consequences Of Risk Management Committee Formation, Chris Hines
Determinants And Consequences Of Risk Management Committee Formation, Chris Hines
Graduate Theses and Dissertations
This paper examines the determinants and consequences of financial institutions voluntarily forming risk management committees (RMCs). Specifically, I determine whether RMCs are related to a change in risk outcomes, an increase in profitability, a change in hedging and trading derivative structures, and greater financial reporting quality during the post-committee formation period compared to a control group. I use a sample of financial institutions that form a RMC in any year from 1994 through 2008 and a control sample of financial institutions that do not form a RMC during the sample period. The results provide evidence to suggest that financial institutions …
New Business Initiatives And Financial Performance, Douglass Cagwin
New Business Initiatives And Financial Performance, Douglass Cagwin
Graduate Theses and Dissertations
This dissertation examines the relationship o f improvement in financial performance with use o f new business initiatives such as JIT, TQM, and ABC. The investigation is organized into three areas o f inquiry that telescope from the general to the specific to reach a conclusion regarding the efficacy of initiatives. The first two studies contain regression analyses o f the association between the use of the initiatives and change in industry mean-adjusted ROI. The third study develops and test a comprehensive structural model that incorporates factors postulated by previous researchers to affect the efficacy of ABC. Data are obtained …
A Comparison Of The Classification Accuracy Of Linear And Quadratic Statistical Discriminant Models Versus Linear And Quadratic Programming Discriminant Models, Jerry William Ferry
A Comparison Of The Classification Accuracy Of Linear And Quadratic Statistical Discriminant Models Versus Linear And Quadratic Programming Discriminant Models, Jerry William Ferry
Graduate Theses and Dissertations
The purpose of this research was to compare the classification accuracy of two mathematical programming models versus traditional statistical discriminant analysis. Monte Carlo techniques were used to compute population 1, population 2, and average misclassification rates for the linear discriminant function (LDF), the quadratic discriminant function (QDF), a linear programming discriminant model (LPDM), and a quadratic programming discriminant model (QPDM) for specific values of several parameters which affect discriminant analysis. This study was restricted to the two group, two variable discriminant problem.
A Study Of Standard Setting And Productivity Measurements Using Learning Curves, Don William Finn
A Study Of Standard Setting And Productivity Measurements Using Learning Curves, Don William Finn
Graduate Theses and Dissertations
Performance standards encompass information characteristics which decay over time. Consequently, it is worthwhile to identify factors affecting information decay. In Chapter I, the objectives of this study were discussed. They are restated: (1) determine if production worker performance has changed over time, (2) provide broad guidelines and recommendations for production type industries concerning performance evaluation of employees during training, (3) find evidence that standards and environmental factors for production workers can be linked and provide information to the firm for budgeting and planning purposes, and (4) provide a basis for further research associated with identifying variables related to improving worker …
An Evaluation Of The Entity Theory As A Partial Solution To The Non-Comparability Enigma Of Inter-Firm Income Statement Analysis, Lester Lee Schmidt Jr.
An Evaluation Of The Entity Theory As A Partial Solution To The Non-Comparability Enigma Of Inter-Firm Income Statement Analysis, Lester Lee Schmidt Jr.
Graduate Theses and Dissertations
The purpose of this study has been to evaluate on deductive grounds the proposition that income as determined according to the entity theory would be more comparable among firms than income as determined under contemporary generally accepted accounting principles, and to investigate whether or not empirical support exists among two professional groups for the propositions inherently contained in the entity theory.