An analysis of cross-sectional differences in big and non-big public accounting firms' audit programs
An analysis of cross-sectional differences in big and non-big public accounting firms' audit programs
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大型和非大型会计师事务所审计项目的横截面差异分析
DOI：
10.2308/aud.2006.25.1.27
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发表时间：
2006
期刊：
影响因子：
--
通讯作者：
Michael T. Stein
中科院分区：
文献类型：
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作者：
H. Blokdijk;F. Drieenhuizen;D. Simunic;Michael T. Stein
之前的大量研究表明，五大（现在的四大）公共会计师事务所的审计质量相对于非五大审计有差异。这一结果可以通过假设五大和非五大公司面临不同的“审计失败”损失函数来分析得出，并且与来自审计费用，审计师变更和股票价格对审计收益反应的研究的各种经验证据一致。然而，没有现有证据（据我们所知）表明五大审计和非五大审计之间存在潜在的生产差异。因此，现有的经验证据无法区分五大审计被简单地认为是不同的可能性（例如，投资者）或实际上在它们是如何产生的。我们的研究目标是确定审计业务的生产特征，这些特征可以解释五大和非五大事务所之间预期审计质量的差异。在这份档案研究中，我们研究了...
A significant body of prior research has shown that audits by the Big 5 (now Big 4) public accounting firms are quality differentiated relative to non‐Big 5 audits. This result can be derived analytically by assuming that Big 5 and non‐Big 5 firms face different loss functions for “audit failures” and is consistent with a variety of empirical evidence from studies of audit fees, auditor changes, and the stock price reaction to audited earnings. However, there is no existing evidence (of which we are aware) concerning the underlying production differences between Big 5 and non‐Big 5 audits. As a result, existing empirical evidence cannot distinguish between the possibility that Big 5 audits are simply perceived to be different (e.g., by investors) or actually differ in how they are produced. Our research objective is to identify the production characteristics of audit engagements that may explain the differences in expected audit quality between Big 5 and non‐Big 5 firms. In this archival study, we examine...