Journal of Accounting and Public Policy最新文献_第7页

Cannabis financial statement audits in Canada before and after legalization: A “joint” analysis 加拿大大麻合法化前后的财务报表审计:“联合”分析

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107153

James D. Brushwood , Michelle A. Draeger , Eric T. Rapley

{"title":"Cannabis financial statement audits in Canada before and after legalization: A “joint” analysis","authors":"James D. Brushwood , Michelle A. Draeger , Eric T. Rapley","doi":"10.1016/j.jaccpubpol.2023.107153","DOIUrl":"10.1016/j.jaccpubpol.2023.107153","url":null,"abstract":"<div><p>Cannabis has become a multi-billion-dollar worldwide industry and presents accountants with unique challenges and opportunities. This descriptive study examines characteristics of financial statement audits for this budding industry in Canada, one of the first countries to legalize recreational adult use of cannabis. Consistent with cannabis audit clients having higher risk, we find they incur more audit fees before and after legalization than a matched sample of non-cannabis companies. Cannabis companies also pay more non-audit fees before and after legalization, consistent with additional business opportunities for their auditors. The size of cannabis companies grew substantially after Canada’s 2018 legalization, corresponding with increased occurrences of Big 4 cannabis company audits. However, compared to a matched sample of non-cannabis companies and controlling for size, cannabis companies are less (more) likely to be audited by a Big 4 (second-tier) firm. This observation is likely attributed to the reputation risk from being associated with a cannabis client, which is potentially higher for Big 4 firms than second-tier firms.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135762268","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

Stakeholder conflict and standard-setting foundation oversight 利益相关者冲突与标准制定基金会监督

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107122

Amanda M. Convery , Matt Kaufman , Terry D. Warfield

{"title":"Stakeholder conflict and standard-setting foundation oversight","authors":"Amanda M. Convery , Matt Kaufman , Terry D. Warfield","doi":"10.1016/j.jaccpubpol.2023.107122","DOIUrl":"10.1016/j.jaccpubpol.2023.107122","url":null,"abstract":"<div><p>This study examines foundation oversight authority as a distinct tool used to maintain the accounting profession’s delegated authority to set standards. Prior literature traditionally focuses on the standard-setting boards and technical arguments surrounding proposed accounting standards. We examine whether the Financial Accounting Foundation (FAF) can manage stakeholder conflict and legitimize contentious activity through exercise of its oversight role. The presented case is a qualitative analysis of the FAF’s <em>GASB Scope of Authority</em> project, a rare public exercise of FAF oversight authority, in which the FAF applied its authority despite stakeholder disagreement on the line between oversight and standard setting. We observe the FAF’s oversight of standard setting due process as opposed to the content of proposed standard setting projects. The policy formalizes private consultation at this blurred boundary to safeguard board autonomy and delegated authority. Implications and precedence for the FASB and other contentious accounting issues (e.g., deliberations around ESG reporting) are discussed.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.sciencedirect.com/science/article/pii/S0278425423000716/pdfft?md5=28af198166a32c9abbb21f2ec049e229&pid=1-s2.0-S0278425423000716-main.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135970740","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Auditor's professional judgment, audit efficiency and interplay between legal liability and regulatory oversight 审计人员的职业判断、审计效率以及法律责任与监管监督的相互作用

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107130

Francois Larmande , Cédric Lesage

引用次数: 0

The dark side of auditor pay disparity: Evidence from audit adjustments 审计人员薪酬差异的阴暗面:来自审计调整的证据

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107133

Lijing Tong , Lu Xie , Min Zhang

引用次数: 0

China audit research: Achievements, challenges, and opportunities 中国审计研究：成就、挑战与机遇

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2022.106962

Jeffrey Pittman , Zhifeng Yang

引用次数: 0

The Journal of Accounting and Public Policy at 40: A bibliometric analysis 40岁的《会计与公共政策杂志》：文献计量学分析

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2022.107003

H. Kent Baker , Satish Kumar , Debidutta Pattnaik , Nitesh Pandey

引用次数: 3

Why bigger is not stronger? A perspective on auditor groups and audit quality 为什么更大不更强？审计群体与审计质量

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107099

Shengnan Li , Feng Liu , Fan Ye , Michael D. Yu

{"title":"Why bigger is not stronger? A perspective on auditor groups and audit quality","authors":"Shengnan Li , Feng Liu , Fan Ye , Michael D. Yu","doi":"10.1016/j.jaccpubpol.2023.107099","DOIUrl":"10.1016/j.jaccpubpol.2023.107099","url":null,"abstract":"<div><p>This paper examines how the existence of auditor groups in accounting firms affects audit quality, using the unique regulatory and institutional settings of China. We define the auditor group as a cohort of exclusively and mutually cooperative and risk-sharing auditors who co-sign audit reports. Using hand-collected data on individual auditors and audit firms from 2010 to 2013, we identify 1,873 auditor groups and find that large auditor groups provide higher audit quality, measured as the propensity to issue qualified audit opinions. We show that audit quality varies among different auditor groups within audit firms. These findings indicate that the auditor group, rather than the audit firm or office, is the core decision-making and responsibility unit in the market for audit services in China. Our paper speaks to the literature on China’s bigger and stronger policy from a novel perspective of auditor groups inside the audit firm, and points out the importance of considering the internal structure of audit firms to better understand the relationship between audit firm size and audit quality, as suggested in <span>DeAngelo (1981)</span>.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48054686","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

Auditors’ hometown ties and audit quality 审核员的家乡联系与审核质量

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107137

Yingwen Deng , Ziyi Zhang , Yunjing Liu

引用次数: 0

Short-sale constraints and firm investment efficiency: Evidence from a natural experiment 卖空约束与企业投资效率:来自自然实验的证据

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107149

Zhihong Chen , Siwen Fu , Ke Wang

{"title":"Short-sale constraints and firm investment efficiency: Evidence from a natural experiment","authors":"Zhihong Chen , Siwen Fu , Ke Wang","doi":"10.1016/j.jaccpubpol.2023.107149","DOIUrl":"10.1016/j.jaccpubpol.2023.107149","url":null,"abstract":"<div><p>We examine the causal effect of relaxing short-sale constraints on firm investment efficiency using the experiment of the SEC Regulation SHO pilot program. Using a difference-in-differences approach, we find significant treatment effects of the pilot program on mitigating both underinvestment and overinvestment during the pilot period. These treatment effects disappear after the end of the pilot program. The effect on mitigating underinvestment is stronger for firms with severe financial constraints before the pilot period. The pilot program mitigates underinvestment and alleviates financing constraints more for pilot firms that experienced greater improvement in price efficiency after the pilot program began. The effect of the pilot program on mitigating overinvestment is more pronounced for firms with weaker governance and firms with more severe agency problems before the pilot period. These results suggest that relaxing short-sale constraints mitigates underinvestment through the external financing channel by improving price efficiency that alleviate financial constraints; and mitigates overinvestment through the managerial incentive channel by strengthening the disciplinary role of short sellers that enhances managers’ incentives to take correct actions.</p></div>","PeriodicalId":48070,"journal":{"name":"Journal of Accounting and Public Policy","volume":null,"pages":null},"PeriodicalIF":3.6,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135605358","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

Chinese auditor inspection access challenges: The market’s response to integrated US regulatory and legislative action 中国审计师检查准入的挑战:市场对美国监管和立法行动的反应

IF 3.6 3区管理学

Journal of Accounting and Public Policy Pub Date : 2023-11-01 DOI: 10.1016/j.jaccpubpol.2023.107110

Lacey Donley , Joseph Legoria , Kenneth J. Reichelt , Stephanie Walton

引用次数: 0