Consequences for Culpable Auditors

IF 4.9 2区管理学 Q1 BUSINESS, FINANCE

Journal of Accounting Research Pub Date : 2025-04-09 DOI:10.1111/1475-679x.12608

Jagan Krishnan, Meng Li, Mihir N. Mehta, Hyun Jong Park

引用次数: 0

Abstract

We present the first comprehensive descriptive evidence on the labor market and personal consequences for audit professionals in the United States who are named in SEC or PCAOB enforcement actions. Three key findings emerge. First, between 38% and 73% of culpable auditors depart from their firms within one year after the enforcement event. These departure rates are three to four times higher compared with a sample of non-culpable auditors. Second, 83% of culpable auditors departing from Big 4 accounting firms exit the profession, compared with 58% of a departing non-culpable comparison group. In contrast, about 77% of the culpable auditors leaving non–Big 4 accounting firms remain in public accounting, compared with 51% of a departing non-culpable comparison group. Third, using novel data on personal real estate holdings, we find that culpable auditors do not appear to engage in markedly different transactions around enforcement compared with a comparison sample of non-culpable individuals.

查看原文本刊更多论文

有罪审计人员的后果

我们提供了第一个全面的描述性证据，说明美国的劳动力市场和在SEC或PCAOB执法行动中被点名的审计专业人员的个人后果。有三个主要发现。首先，38%到73%的审计人员在执法事件发生后的一年内离开了他们的公司。这些人的离职率比那些没有过错的审计人员高出三到四倍。其次，从四大会计师事务所离职的有过错的审计师中，有83%退出了该行业，而在离职的无过错的对比组中，这一比例为58%。相比之下，在离开非四大会计师事务所的有罪审计师中，约有77%的人留在了公共会计部门，而在离开的非有罪对比组中，这一比例为51%。第三，使用有关个人房地产持有的新数据，我们发现，与非有罪个人的比较样本相比，有罪审计师在执法方面的交易似乎没有明显不同。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Journal of Accounting Research BUSINESS, FINANCE-

CiteScore

7.80

自引率

6.80%

发文量

期刊介绍： The Journal of Accounting Research is a general-interest accounting journal. It publishes original research in all areas of accounting and related fields that utilizes tools from basic disciplines such as economics, statistics, psychology, and sociology. This research typically uses analytical, empirical archival, experimental, and field study methods and addresses economic questions, external and internal, in accounting, auditing, disclosure, financial reporting, taxation, and information as well as related fields such as corporate finance, investments, capital markets, law, contracting, and information economics.