Managerial Auditing Journal最新文献

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How hours allocated to year-round auditing procedures affect audit quality 分配给全年审计程序的小时数如何影响审计质量
IF 2.9 3区 管理学
Managerial Auditing Journal Pub Date : 2024-09-12 DOI: 10.1108/maj-11-2023-4126
Sangil Kim, Minjung Kang, Ho-Young Lee, Vivek Mande
{"title":"How hours allocated to year-round auditing procedures affect audit quality","authors":"Sangil Kim, Minjung Kang, Ho-Young Lee, Vivek Mande","doi":"10.1108/maj-11-2023-4126","DOIUrl":"https://doi.org/10.1108/maj-11-2023-4126","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This paper aims to examine how the allocation of audit hours to the year-round procedures, based on the risk of material misstatements in financial statements, impacts audit quality.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Using a data set on audit hours spent on year-round and year-end procedures, the authors build an empirical model for testing the effectiveness of year-round auditing of Korean public firms during the period of 2014–2018.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The initial tests do not show that proportionate increases in year-round procedures increase audit quality. However, after the authors control for the risk of material misstatements, the authors find that proportionate increases in year-round audit hours generally increase audit quality, except for high-risk firms where audit quality increases only as year-end hours proportionately increase. For high-risk firms, the results suggest that increases in year-round audit procedures occur at the cost of the essential year-end work. Similarly, except for high-risk firms, the authors find that the allocation of more audit effort to year-round procedures improves audit efficiency.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors’ knowledge, this study provides some of the first empirical evidence showing how a risk-based approach to allocating audit effort over the duration of an audit can impact audit quality and efficiency. Regulatory bodies, such as the International Auditing and Assurance Standards Board and Public Company Accounting Oversight Board, which consider the proper allocation of audit hours as a key audit quality indicator, should find the results useful.</p><!--/ Abstract__block -->","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142175166","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Ambiguity in international financial reporting standards (IFRS) and its impact on judgments of auditors 国际财务报告准则(IFRS)的模糊性及其对审计师判断的影响
IF 2.9 3区 管理学
Managerial Auditing Journal Pub Date : 2024-08-27 DOI: 10.1108/maj-03-2023-3849
Parmod Chand, Philomena Leung, Nonna Martinov-Bennie, Peter Carey
{"title":"Ambiguity in international financial reporting standards (IFRS) and its impact on judgments of auditors","authors":"Parmod Chand, Philomena Leung, Nonna Martinov-Bennie, Peter Carey","doi":"10.1108/maj-03-2023-3849","DOIUrl":"https://doi.org/10.1108/maj-03-2023-3849","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This paper aims to conduct an experiment that investigates the effect of the ambiguity present in international financial reporting standards (IFRS) on the judgments of auditors. This paper also examine the effects of the personality trait of ambiguity tolerance on judgments of auditors.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>This paper conduct an experiment in which experienced Australian-based auditors are placed in hypothetical revenue recognition and lease classification decision contexts. The participants are members of the Australian accounting profession who are familiar with applying IFRS.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>This paper find support for the perception that when the relevant IFRS are more ambiguous, auditors make less aggressive reporting judgments compared to when the IFRS are less ambiguous. The results also unveil a novel finding that auditors who are more tolerant of ambiguity are likely to choose the accounting treatment that best reflects the economic substance of a transaction when interpreting IFRS compared to those who are less tolerant of ambiguity.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>These results would be of interest to policymakers and accounting researchers as they continue to contemplate a shift to more principles-based IFRS.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>To the best of the authors’ knowledge, this study is the first to examine the influence of an individual’s ambiguity tolerance on financial reporting quality in jurisdictions that have adopted IFRS.</p><!--/ Abstract__block -->","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-08-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142175167","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Product market competition and audit fees: new evidence 产品市场竞争与审计费用:新证据
IF 2.8 3区 管理学
Managerial Auditing Journal Pub Date : 2024-08-08 DOI: 10.1108/maj-12-2023-4148
Hanyong Chung, Jae B. Kim
{"title":"Product market competition and audit fees: new evidence","authors":"Hanyong Chung, Jae B. Kim","doi":"10.1108/maj-12-2023-4148","DOIUrl":"https://doi.org/10.1108/maj-12-2023-4148","url":null,"abstract":"Purpose\u0000The purpose of this study is to examine the relation between product market competition and audit fees by using firm-level product market competition measures and mitigating the endogeneity issues.\u0000\u0000Design/methodology/approach\u0000This study uses 12,136 US firms from 2004 and 2019. To ensure the robustness of the main findings, this study uses three firm-level product market competition measures and import trade tariff rate reductions of the USA as a quasi-natural experiment. This study also performs three cross-sectional tests and validation tests.\u0000\u0000Findings\u0000This study demonstrates that there is a negative relation between product market competition and audit fees and establishes a causal relation. Moreover, it reveals that the findings become more pronounced when auditors possess industry-specific expertise, when client firms are younger, and when operating within more homogeneous industries. Additionally, a validation analysis supports the findings.\u0000\u0000Practical implications\u0000This study offers significant insights for regulators by highlighting how product market competition plays a constructive role in overseeing firm management.\u0000\u0000Originality/value\u0000The authors contribute to the existing literature by showing that there is a negative association between product market competition and audit fees after controlling external monitoring mechanisms. The authors also find the causal relation. These findings indicate that competitive pressures originating from product markets exert a significant influence on disciplining a client firm’s management.\u0000","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141928222","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The impact of remote auditing on audit quality: the moderating role of technology readiness 远程审计对审计质量的影响:技术准备的调节作用
IF 2.9 3区 管理学
Managerial Auditing Journal Pub Date : 2024-08-02 DOI: 10.1108/maj-02-2024-4210
Ruba Taleb Alma’aitah, Krayyem Al-Hajaya, Nedal Sawan, Abdulaziz Alzeban
{"title":"The impact of remote auditing on audit quality: the moderating role of technology readiness","authors":"Ruba Taleb Alma’aitah, Krayyem Al-Hajaya, Nedal Sawan, Abdulaziz Alzeban","doi":"10.1108/maj-02-2024-4210","DOIUrl":"https://doi.org/10.1108/maj-02-2024-4210","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to investigate the impact of remote auditing on audit quality and explore the moderating role of both the client’s and the audit firm’s technology readiness in this interaction.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>Data was collected through a questionnaire survey distributed to 360 audit professionals in Jordan, resulting in 208 valid responses. The data was analysed using SmartPLS – structural equation modelling.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The results showed that remote auditing significantly and positively affect audit quality. This study found that the technology readiness of both the audit firm and the client greatly influences audit quality. Notably, the technology readiness of the client positively enhances the relationship between remote auditing and audit quality, while the technology readiness of the audit firm does not play such a role.</p><!--/ Abstract__block -->\u0000<h3>Practical implications</h3>\u0000<p>The findings are of value to policymakers in terms of the positive impact of remote auditing on audit quality, and the role of technology readiness in this regard. In particular, they allow policymakers and regulators of audit profession to make informed and relevant decisions pertaining to the adoption of remote auditing. The findings also indicate the significance for audit firms and business institutions to pay special attention to developing their technology capabilities to keep abreast of rapid technology advancements, ensuring the maximum benefits for auditing profession, thereby enhancing their efficiency and effectiveness.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The importance of this study lies in its unique contribution to bridging the research gap related to understanding the pivotal role of technology readiness in enhancing the relationship between the use of remote auditing and the achievement of high audit quality.</p><!--/ Abstract__block -->","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141883872","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
CEO inside debt and industry specialist auditor 首席执行官内债和行业专家审计师
IF 2.9 3区 管理学
Managerial Auditing Journal Pub Date : 2024-07-24 DOI: 10.1108/maj-08-2023-4017
Hyeesoo (Sally) Chung, Jong-Yu Paula Hao, Jinyoung Wynn
{"title":"CEO inside debt and industry specialist auditor","authors":"Hyeesoo (Sally) Chung, Jong-Yu Paula Hao, Jinyoung Wynn","doi":"10.1108/maj-08-2023-4017","DOIUrl":"https://doi.org/10.1108/maj-08-2023-4017","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This paper aims to examine the effect of executive compensation incentives, specifically CEO inside debt holdings, on the choice of industry specialist auditor.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>High inside debt holdings are expected to constrain excessive managerial risk-taking and align the interests of managers and outside debtholders. The authors hypothesize that reduced debtholders’ expropriation concerns will decrease the demand for high audit quality, measured by industry specialization. The authors investigate a sample of US firms from 2006 to 2018 using OLS regression and use CEO relative leverage to proxy for CEO inside debt holdings. The authors conduct an additional two-stage least squares regression analysis to address potential endogeneity issues.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>The paper finds that firms with higher levels of CEO inside debt tend not to appoint an auditor with industry specialization. This result is consistent with the notion that inside debt mitigates agency conflicts between managers and debtholders, reducing the demand for high-quality audits as a monitoring mechanism. The paper also finds that among firms which are excessively leveraged, those with higher levels of CEO inside debt tend to appoint an industry specialist auditor.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>The findings contribute to the literature on agency cost and auditor choice by demonstrating that CEO inside debt has both substitutive and complementary effects on demand for industry specialist auditors.</p><!--/ Abstract__block -->","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141779388","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Investor response to engagement quality review hours 投资者对业务约定质量审查时数的回应
IF 2.9 3区 管理学
Managerial Auditing Journal Pub Date : 2024-07-02 DOI: 10.1108/maj-07-2023-3988
Mijoo Lee, Daniel Sejun Hwang
{"title":"Investor response to engagement quality review hours","authors":"Mijoo Lee, Daniel Sejun Hwang","doi":"10.1108/maj-07-2023-3988","DOIUrl":"https://doi.org/10.1108/maj-07-2023-3988","url":null,"abstract":"<h3>Purpose</h3>\u0000<p>This study aims to investigate whether mandated disclosure of engagement quality review hours provides new information that affects investors’ decision-making.</p><!--/ Abstract__block -->\u0000<h3>Design/methodology/approach</h3>\u0000<p>In 2014, Korean authorities mandated that audit engagement quality review hours must be disclosed in their audit reports. Using this unique field setting in Korea, this study presents empirical evidence of the policy initiative’s effect on earnings reliability by examining both pre- and post-implementation periods.</p><!--/ Abstract__block -->\u0000<h3>Findings</h3>\u0000<p>Following the initial disclosure of engagement quality review hours in 2014, the authors observe that the capital market’s valuation of quarterly earnings surprises, measured by earnings response coefficients (ERCs), was significantly lower for firms with high levels of abnormal engagement quality review hours than for other firms. This paper also finds that the observed association between engagement quality review hours and ERCs in the postregulation period hinges on the probability of earnings management, proxied by discretionary accruals and just meeting or beating analyst earnings forecast.</p><!--/ Abstract__block -->\u0000<h3>Originality/value</h3>\u0000<p>This paper suggests that the policy mandating disclosure of engagement quality review hours provides original information that the market considers relevant for appraising the reliability of reported earnings.</p><!--/ Abstract__block -->","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141550903","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Audit committee cash compensation and related-party transactions: the role of directors’ affiliation 审计委员会的现金报酬和关联方交易:董事关联关系的作用
IF 2.8 3区 管理学
Managerial Auditing Journal Pub Date : 2024-07-02 DOI: 10.1108/maj-04-2023-3897
R. Alkebsee, Adeeb A. Alhebry, Adriana Tiron-Tudor, Gubara Farah Gubara, Abdulkarim Alsayegh
{"title":"Audit committee cash compensation and related-party transactions: the role of directors’ affiliation","authors":"R. Alkebsee, Adeeb A. Alhebry, Adriana Tiron-Tudor, Gubara Farah Gubara, Abdulkarim Alsayegh","doi":"10.1108/maj-04-2023-3897","DOIUrl":"https://doi.org/10.1108/maj-04-2023-3897","url":null,"abstract":"Purpose\u0000This paper aims to investigate the relationship between the audit committee’s (AC) cash compensation and related-party transactions (RPTs). This paper also explores whether the affiliation of directors on the AC has a differential effect on the association between AC members’ cash compensation and RPTs.\u0000\u0000Design/methodology/approach\u0000This paper uses data from Chinese-listed firms for the period from 2007 to 2017 and use the ordinary least square regressions, to test the association between AC cash compensation and RPTs. To alleviate the endogeneity concerns, this paper applies the generalized method of moment, the two-stage least square regression technique and the Granger causality test.\u0000\u0000Findings\u0000This paper documents a negative association between the AC members’ cash compensation and RPTs. The findings reveal that one standard deviation increase in the AC’s cash compensation leads to around 0.08% reduction in the amount of RPTs. Further analysis shows that the cash compensation of AC independent directors is negatively associated with RPTs, whereas that of nonindependent directors shows no significant impact. The results remain robust to endogeneity tests. The results might be of interest to both practitioners as well as regulatory bodies and investors.\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, this study is the first to try to examine the relationship between AC cash compensation and RPTs in the context of China. This study also is the first attempt to consider the affiliation of AC directors by decomposing the AC compensation into independent and nonindependent directors. Also, it adds to the literature on the determinants of RPTs.\u0000","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.8,"publicationDate":"2024-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141684553","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The effect of restatements on office-level audit quality 重述对办事处层面审计质量的影响
IF 2.9 3区 管理学
Managerial Auditing Journal Pub Date : 2024-06-10 DOI: 10.1108/maj-09-2022-3709
Jonathan Nash, Cristina Bailey
{"title":"The effect of restatements on office-level audit quality","authors":"Jonathan Nash, Cristina Bailey","doi":"10.1108/maj-09-2022-3709","DOIUrl":"https://doi.org/10.1108/maj-09-2022-3709","url":null,"abstract":"\u0000Purpose\u0000This study aims to provide evidence on how the issuance of a nonreliance restatement affects non-restating clients of the same audit office.\u0000\u0000\u0000Design/methodology/approach\u0000To test the effect of restatement issuance on office-level quality, this study runs regressions using both input- and output-based measures of audit quality.\u0000\u0000\u0000Findings\u0000This study finds that in the years where one or more clients of an audit office issue a restatement, audit effort is lower for non-restating clients of the same office. When two or more clients issue a restatement, other clients are charged lower audit fees, file later and are more likely to experience an audit failure.\u0000\u0000\u0000Originality/value\u0000This study contributes to the literature on office-level audit quality and provides an explanation for the longitudinal correlation of office-level audit failures.\u0000","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-06-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141365857","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Mandatory audit partner rotation and stock price crash risk: causal evidence from a natural experiment 强制审计合伙人轮换与股价暴跌风险:来自自然实验的因果证据
IF 2.9 3区 管理学
Managerial Auditing Journal Pub Date : 2024-06-04 DOI: 10.1108/maj-11-2023-4124
Yunqi Fan, Guanglei Hu, Xiaoxue Chen
{"title":"Mandatory audit partner rotation and stock price crash risk: causal evidence from a natural experiment","authors":"Yunqi Fan, Guanglei Hu, Xiaoxue Chen","doi":"10.1108/maj-11-2023-4124","DOIUrl":"https://doi.org/10.1108/maj-11-2023-4124","url":null,"abstract":"\u0000Purpose\u0000This study aims to examine whether mandatory audit partner rotation is associated with future stock price crash risk.\u0000\u0000\u0000Design/methodology/approach\u0000This study makes use of a regulatory change from the Ministry of Finance of China and the China Securities Regulation Commission, which requires mandatory rotation of audit partners since 2004, as a natural experiment to establish causality and applies a difference-in-difference research design.\u0000\u0000\u0000Findings\u0000Audit partner rotation leads to a significant decrease in future stock price crash risk in the departing partner’s final year of tenure preceding mandatory rotation, consistent with peer monitoring argument of mandatory rotation. Inconsistent with other arguments, including client-specific knowledge, fresh perspective and auditor independence, no significant effect takes a place in the incoming partner’s first year of tenure following mandatory rotation. Mechanism analysis documents that mandatory audit partner rotation reduces stock price crash risk by improving audit quality and constraining managerial empire building.\u0000\u0000\u0000Originality/value\u0000The results shed new light on the capital market consequence of mandatory audit partner rotation and the cause of stock price crash risk.\u0000","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-06-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141268023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Hometown religiosity and financial reporting quality: evidence from chairpersons 家乡宗教信仰与财务报告质量:来自主席的证据
IF 2.9 3区 管理学
Managerial Auditing Journal Pub Date : 2024-05-27 DOI: 10.1108/maj-12-2023-4143
Emrah Arioglu, Metin Borak, Murat Ocak
{"title":"Hometown religiosity and financial reporting quality: evidence from chairpersons","authors":"Emrah Arioglu, Metin Borak, Murat Ocak","doi":"10.1108/maj-12-2023-4143","DOIUrl":"https://doi.org/10.1108/maj-12-2023-4143","url":null,"abstract":"Purpose\u0000This study aims to investigate whether there is a relationship between the religiosity levels of chairpersons’ hometowns and the financial reporting quality of companies.\u0000\u0000Design/methodology/approach\u0000Using a unique hand-collected data set obtained from various sources, the authors use ordinary least squares and logistic regressions to test the hypotheses and further implement various methods to address potential issues such as omitted variables, reverse causality and selection bias problems. In addition, the authors control for the religiosity level of chief executive officers’ (CEOs) hometowns. Finally, the authors divide the sample into two subsamples – companies with strong corporate governance and companies with weak corporate governance – to investigate the effect of chairpersons’ hometown religiosity on financial reporting quality under strong or weak corporate governance.\u0000\u0000Findings\u0000The findings demonstrate that companies with chairpersons from religious hometowns produce high-quality financial reports. Additional tests, such as the Heckman selection model and instrument variable regression, confirm the robustness of the main results. Controlling for the religiosity level of the CEO’s hometown yields consistent findings with the main results. Finally, additional results indicate that the religiosity levels of chairpersons’ hometowns play a significant role in enhancing financial reporting quality in companies with weak corporate governance.\u0000\u0000Practical implications\u0000Companies should consider appointing board members or chairpersons from more religious hometowns, as the empirical results of this study support the positive effects of chairpersons’ hometown religiosity on financial reporting quality.\u0000\u0000Originality/value\u0000To the best of the authors’ knowledge, the current study is among the first to demonstrate the relationship between the religiosity level of the chairpersons’ hometown and the financial reporting quality of companies. The study introduces unique hometown religiosity proxies and controls for various variables related to corporate governance, chairperson attributes, company characteristics, and audit firm characteristics.\u0000","PeriodicalId":47823,"journal":{"name":"Managerial Auditing Journal","volume":null,"pages":null},"PeriodicalIF":2.9,"publicationDate":"2024-05-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141098151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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