Tracie Frost, Jiao Jing, Longfei Shang, Lixin (Nancy) Su
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引用次数: 0
Abstract
Foreign workers have been an important part of the labor force in public accounting firms over the past two decades. In this paper, we investigate whether and why foreign workers influence audit quality. We find that audit offices with more newly hired foreign labor have a lower mean absolute value of discretionary accruals and a smaller rate of restatements for their clients. The effect is more pronounced for audit offices that face more resource constraints or require greater foreign expertise. The results of improved audit quality are robust to alternative measures of immigrant intensity and audit quality, alternative samples, and using different ways to address endogeneity concerns. Overall, our paper contributes to the literature by showing the impact of foreign labor in the auditing profession and provides public policy implications for the recent H-1B visa debate.
过去二十年来,外籍员工一直是公共会计师事务所劳动力的重要组成部分。在本文中,我们研究了外籍员工是否以及为何会影响审计质量。我们发现,新聘外籍员工较多的审计事务所,其客户的酌情应计项目的平均绝对值较低,重报率较小。对于面临更多资源限制或需要更多外籍专家的审计师事务所来说,这种影响更为明显。审计质量提高的结果对移民强度和审计质量的其他衡量标准、其他样本以及使用不同方法解决内生性问题都是稳健的。总之,我们的论文显示了外籍劳工对审计行业的影响,并为近期的 H-1B 签证辩论提供了公共政策启示,从而为相关文献做出了贡献。
期刊介绍:
Contemporary Accounting Research (CAR) is the premiere research journal of the Canadian Academic Accounting Association, which publishes leading- edge research that contributes to our understanding of all aspects of accounting"s role within organizations, markets or society. Canadian based, increasingly global in scope, CAR seeks to reflect the geographical and intellectual diversity in accounting research. To accomplish this, CAR will continue to publish in its traditional areas of excellence, while seeking to more fully represent other research streams in its pages, so as to continue and expand its tradition of excellence.