Long-term impact of economic conditions on auditors' judgment Xianjie He, S. P. Kothari, Tusheng Xiao & Luo Zuo
Tipo de material:
ArtículoDescripción: Páginas 203 a la 229Tema(s):
En: The accounting review 2018 V.93 No.6 (Nov)Incluye tablas, apéndices y referencias bibliográficasResumen: We find that economic conditions at the time an auditor enters the labor market have a long-term impact on her judgment and decision making. Specifically, engagement partners who started their career during economic downturns issue audit adjustments more frequently. For the subsample of company-years with no audit adjustments, downturn auditors are more likely to issue a modified audit opinion. In addition, companies audited by downturn auditors are less likely to violate financial reporting and disclosure regulations. Together, our findings suggest that the early career stage is a critical formative period for auditors.
| Tipo de ítem | Biblioteca actual | Colección | Signatura topográfica | Info Vol | Copia número | Estado | Fecha de vencimiento | Código de barras | |
|---|---|---|---|---|---|---|---|---|---|
| Revistas | Central Bogotá Sala General | Colección Hemeroteca | 657 (Navegar estantería(Abre debajo)) | 2018 V.93 No.6 (Nov) | 1 | A------ | 0000002032749 |
We find that economic conditions at the time an auditor enters the labor market have a long-term impact on her judgment and decision making. Specifically, engagement partners who started their career during economic downturns issue audit adjustments more frequently. For the subsample of company-years with no audit adjustments, downturn auditors are more likely to issue a modified audit opinion. In addition, companies audited by downturn auditors are less likely to violate financial reporting and disclosure regulations. Together, our findings suggest that the early career stage is a critical formative period for auditors.