Was Andersen’s audit quality lower than its peers?

Kumar, Krishna R.; Lim, Lucy

doi:10.1108/maj-10-2014-1105

Cited by 7 publications

(2 citation statements)

References 45 publications

(65 reference statements)

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“…Yabancı akademik yazında bağımsız denetim kuruluşlarına ilişkin çok fazla sayıda araştırma bulunmaktadır. Ancak, araştırma tasarımları denetimi yapılan müşteri firma bazlı veriler üzerine dayandığından, bu çalışmalar zaten KAYİK denetimi yapan firmalar üzerinde yoğunlaşmıştır ve bu kuruluşların denetim kalitesine (Deis, & Giroux, 1992;Fargher vd., 2008;Pott vd., 2008;Almutairi vd., 2009;Jackson vd., 2008;Kumar & Lim, 2015;Meckfessel & Sellers, 2017;Fuerma & Kraten, 2009;Campa, 2013;Lee & Lee, 2013) ve şeffaflık raporlarına (Deumes vd., 2012;Pivac & Cular, 2012;Cular, 2014;Fu vd., 2015;Girdhar & Jeppesen, 2018;Zorio-Grima vd., 2018;La Rosa vd., 2019) odaklanmışlardır. Denetim kalitesi araştırmaları, denetim firması büyüklüğünün (Francis & Yu, 2009;Choi vd., 2010), sektör uzmanlığının (Craswell vd., 1995;Francis & Yu, 2009;Carson, 2009) ve denetim ücretlerinin (Hoitash vd., 2007) denetim kalitesine olumlu etkisi olduğunu gösterirken, müşteri firmayı denetlemekte geçirilen ardışık sürenin (Bazerman vd., 1997;Carey & Simnett, 2006) olumsuz etkisine kanıt sunmuşlardır.…”

Section: Yapılan Araştırmalarunclassified

A Logistic Regression Analysis on Audit Firms’ Likelihood of Undertaking Audits in Turkish Capital Market

Aydemir

2022

ijmeb

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Capital Market Boad of Turkey (CMB) has to authority to give audit firms to be engaged in independent audit activity in capital market in Turkey, based on the regulation “Principles Regarding Independent Auditing Standards in the Capital Markets- (Serial: X, No:22)”. Then, it is very likely that these firms engaged operate in a more demanding and competitive environment than the other audit firms’ since these firms have a crucial communication with capital markets’ investors, and stakeholders, through their fianl and vital decision, audit opinion. Altough requirements specified by the regulation, however, prior research do not demonstrate the differences between the audit firms operating in capital markets and the others registered by the Public Oversight Accounting and Auditing Standards Authority (POA). This study aims to examine the firm relevant attributes having an influence on the likelihood of undertaking audits in capital market in Turkey. Through a sample of 349 audit firms registered in POA, logistic regression model results showed that the number of years after being registered by POA, city’s population density of audit firm’s head office, and audit team size increases the audit firm’s likelihood to underrtake audits in capital market of Turkey. The results refer to the effectiveness of auditing standards in the Turkish capital markets and likely to be beneficial both to regulatory authorities and also to independent audit firms.

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Section: Yapılan Araştırmalarunclassified

A Logistic Regression Analysis on Audit Firms’ Likelihood of Undertaking Audits in Turkish Capital Market

Aydemir

2022

ijmeb

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“…The diminished quality of financial information, derived from results' manipulation, generates a negative reaction of the financial markets [45], and investors interpret this as a signal for the presence of a high risk associated with the future performances of companies [46].…”

Section: The Role Of Financial Information Quality In Substantiating the Investment Decisionmentioning

confidence: 99%

Companies’ Sustainable Growth, Accounting Quality, and Investments Performances. The Case of the Romanian Capital Market

et al. 2020

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The paper analyzes the influence of sustainable growth (SGR) as a reflection of the manner of strategic business organization, particularly in the quality of reported financial information (magnitude of discretionary accruals—DAC) as an expression of the ethical attitude adopted by companies in the entity–investor relationship, on the investors’ decisions, substantiated in the performance level of the shares held. Using models consecrated in the literature, the results reflect a significant influence, both in the case of separate testing of the two factors (SGR and DAC), and in the case of the conjugated action thereof, on investment performance. The relations were also tested by introducing certain control variables into the analysis, such as: the intangible ratio, quick ratio, company size, as well as the SGR sensitivity function of the level of information quality. In the case of financial information quality, specific indicators from the two consecrated value relevance testing models by Ohlson (1995) and Easton and Harris (1991) were used as control variables. The obtained results are robust, preserving the sense and intensity of the influences. However, in the case of testing for the influence of information quality on share price, it was noticed an insignificant relation, associated with the situation in which, to execute some speculative transactions, investors particularly interpreted conjunctural factors. The study contributes to the development of the specialty literature by highlighting the role of internal growth and information quality as determinant factors in the investors’ analyses, while also offering a potentially practical tool for assessing the opportunity of making placements in the capital of companies.

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SEC enforcement targets: a Christian virtue ethics perspective

Demaline

2020

JFC

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Purpose The purpose of this paper is to provide a summary and synthesis of US Securities and Exchange Commission accounting and auditing enforcement release (AAER)-based research on financial misreporting firms and the firms’ management. Christian virtue ethics (CVE) is used as a framework for this review. Suggestions for future research are presented. Design/methodology/approach This is a review of the academic literature covering AAERs. The findings are viewed through the lens of CVE. Findings Several financial misconduct studies use samples developed from AAER targets. These studies commonly focus on specific characteristics of AAER targets. This paper presents and analyzes characteristics of AAER targets and considers how CVE may mitigate fraudulent reporting. Research limitations/implications The main limitation of the research is that the literature review is confined to studies of financial fraud that use an AAER-based sample. Nevertheless, the sample is sufficient to provide insight into the common characteristics of AAER target firms and related entities. The benefits of CVE are considered. This study has relevant implications for investors, regulators and researchers concerned with financial reporting quality, fraud, regulatory oversight and business ethics. Originality/value This paper provides a set of AAER target features and considers how CVE may mitigate financial fraud. Financial regulators, accounting standards setters and researchers may be interested in the findings presented in this study.

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Was Andersen’s audit quality lower than its peers?

Cited by 7 publications

References 45 publications

A Logistic Regression Analysis on Audit Firms’ Likelihood of Undertaking Audits in Turkish Capital Market

A Logistic Regression Analysis on Audit Firms’ Likelihood of Undertaking Audits in Turkish Capital Market

Companies’ Sustainable Growth, Accounting Quality, and Investments Performances. The Case of the Romanian Capital Market

SEC enforcement targets: a Christian virtue ethics perspective

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