我所有吵闹的朋友们:超级碗对审计和财务报告及时性的影响

IF 2.8 3区 管理学 Q2 BUSINESS, FINANCE
Matthew D. Crook, Tamara A. Lambert, Brian R. Walkup, James D. Whitworth
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引用次数: 0

摘要

本文的目的是检验主办超级碗对总部设在超级碗主办城市的公司审计完成度和财务报告及时性的影响。设计/方法/方法使用16年的财务报告数据,本研究将超级碗和相关活动,结合“繁忙季节”所需的文件,作为一个自然实验,来研究审计公司如何应对短期的、外源性的、但预期的审计团队能力限制。总部设在举办超级碗的城市的公司,在繁忙季节审计报告滞后时间较长(与非主办繁忙季节审计相比,滞后时间约为三天),并且不及时提交美国证券交易委员会(SEC) (10-K)文件。作者没有发现证据表明主办超级碗会影响审计费用或收益公告的及时性。当面临预期的能力冲击时,审计公司需要更长的时间来完成审计,以吸收延迟的财务成本并保持审计质量,从而导致财务报告不及时。独创性/价值本研究展示了与超级碗相关的低效率的成本,并有助于我们理解审计师如何应对能力冲击。本研究提供的证据表明,面对能力冲击,审计师可以有效地管理业务风险,并继续促进向财务报表使用者提供及时、准确的信息。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
All my rowdy friends: the effect of Super Bowl hosting on audit and financial reporting timeliness
Purpose The purpose of this paper is to examine the impact hosting the Super Bowl has on audit completion and financial reporting timeliness for companies headquartered in Super Bowl hosting cities. Design/methodology/approach Using 16 years of financial reporting data, this study uses the Super Bowl and related activities, combined with required filings during “busy season,” as a natural experiment to examine how audit firms navigate short-term, exogenously imposed but anticipated, audit team capacity constraints. Findings Companies headquartered in a city hosting the Super Bowl, during busy season, have longer audit report lags (by approximately three days, in comparison to non-hosting busy season audits) and less timely securities and exchange commission (SEC) (10-K) filings. The authors find no evidence that Super Bowl hosting affects audit fees or earnings announcement timeliness. Practical implications When confronted with anticipated capacity shocks, audit firms take longer to complete the audit, absorbing the financial costs of the delay and maintaining audit quality, resulting in less timely financial reporting. Originality/value This study demonstrates the costs of Super Bowl-related inefficiencies and contributes to our understanding of how auditors navigate capacity shocks. This study provides evidence that auditors can effectively manage business risk and continue to facilitate providing timely and accurate information to financial statement users in the face of a capacity shock.
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来源期刊
CiteScore
5.40
自引率
13.80%
发文量
45
期刊介绍: The key areas addressed are: ■Audit and Assurance (financial and non-financial) ■Financial and Managerial Reporting ■Governance, controls, risks and ethics ■Organizational issues including firm cultures, performance and development In addition, the evaluation of changes occurring in the auditing profession, as well as the broader fields of accounting and assurance, are also explored. Debates concerning organizational performance and professional competence are also covered.
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