会计原则选择由ADR事务所和审计师收费决定

Q4 Economics, Econometrics and Finance

International Journal of Accounting, Auditing and Performance Evaluation Pub Date : 2014-12-19 DOI:10.1504/IJAAPE.2014.066390

David Senteney, Grace Gao, Mohammad S. Bazaz

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引用次数: 0

摘要

本文考察了ADR发行人在选择美国公认会计准则(US GAAP)、国际财务报告准则(IFRS)或本国会计准则编制财务报表时，是否支付了不同的审计师费用。我们采用Heckman Probit决策选择模型和两阶段OLS修正来估计表格20-F会计准则的选择对ADR公司定期审计师费用的影响。我们发现，选择提交美国公认会计准则财务报表的公司会产生最高的审计师费用，而选择提交国际财务报告准则财务报表并附上表格20-F的公司会产生第二大审计师费用。他们还发现，为了提高与其他在美国主要交易所上市的公司的可比性，选择不在美国主要证券交易所上市的非美国公司相比，ADR公司产生的成本(与表格20-F相关)要高得多。

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Accounting principle choice by ADR firms and auditors' fees

This paper examines whether ADR issuers, selecting US GAAP, IFRS, or home-country accounting principles for the preparation of financial statements accompanying the Form 20-F filing, are paying different auditors’ fees. We employ the Heckman Probit decision choice model and two-stage OLS correction to estimate the impact of selection of Form 20-F accounting standards upon ADR firms periodic auditors’ fees. We find that firms choosing to present US GAAP financial statements incur the highest auditors’ fees, while firms choosing to present IFRS financial statements accompanying the Form 20-F filing incur the second largest auditors’ fees. They also find that ADR firms incur significantly greater costs (associated with Form 20-F filings) than non-US firms opting not to list on the major US stock exchanges in order to improve comparability with other firms listed on the major US exchanges.

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来源期刊

International Journal of Accounting, Auditing and Performance Evaluation Economics, Econometrics and Finance-Finance

CiteScore

0.70

自引率

0.00%

发文量

期刊介绍： IJAAPE publishes original scholarly papers across the whole spectrum of: financial accounting, managerial accounting, accounting education, auditing, taxation, public sector accounting, capital market and accounting, accounting information systems, performance evaluation, corporate governance, ethics, and financial management. All methodologies, such as analytical, empirical, behavioural, surveys, and case studies are welcome. IJAAPE encourages contributions especially from emerging markets and economies in transition and studies whose results are applicable across nation states or capable of being adapted to the different accounting and business environments.