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999 _c199770
_d199770
003 OSt
005 20200226102104.0
008 200210s2015 xxu|||||r|||| 00| 0 eng d
040 _aCO-BoUGC
_cCO-BoUGC
100 1 _aSimone, Lisa De
_9177641
245 1 0 _aInternal control quality
_bthe role of auditor-provided tax services
_cLisa De Simone, Matthew S. Ege & Bridget Stomberg
300 _aPáginas 1469 a la 1496
520 3 _aWe propose that auditor-provided tax services (tax NAS) improve internal control quality by accelerating audit firm awareness of transactions material to the financial statements. Using data from 2004 to 2012, we find robust evidence that companies purchasing tax NAS are significantly less likely to disclose a material weakness and that this result is not due to auditor independence impairment. A one-standard-deviation increase in tax NAS is associated with approximately a 13 percent decrease in the rate of material weaknesses relative to the base rate. These results are robust to tests addressing endogeneity concerns. Additional cross-sectional analyses reveal expected increased effects of tax NAS on internal control quality (1) after significant operational changes that require changes to the internal control structure, and (2) earlier in the relationship with the financial statement audit firm, when there are fewer established lines of communication between the audit team and client. This paper contributes to the knowledge spillover literature by identifying a mechanism through which tax NAS improve overall financial reporting quality.
650 1 4 _991036
_aContabilidad
_vPublicaciones seriadas
650 2 4 _9176282
_aAuditores
_xHonorarios
_vPublicaciones seriadas
650 2 4 _9177445
_aAuditores
_xResponsabilidad profesional
_vPublicaciones seriadas
650 2 4 _9176358
_aControl interno
_vPublicaciones seriadas
700 1 _aEge, Matthew S.
_9179262
700 1 _aStomberg, Bridget
_9178032
773 0 _082265
_9368138
_aThe accounting review 2015 V.90 No. 4 (Jul)
_o0000002030740
_x0001-4826 (papel)
_h28 páginas
_nIncluye tablas, referencias bibliográficas y apéndices
942 _2ddc
_cART