Did Houston Clients of Arthur Andersen Recognize Publicly Available Bad News in a Timely Fashion
Did Houston Clients of Arthur Andersen Recognize Publicly Available Bad News in a Timely Fashion
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DOI：
10.2139/ssrn.427040
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发表时间：
2003-08
影响因子：
3.6
通讯作者：
Gopal V. Krishnan
中科院分区：
文献类型：
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作者：
Gopal V. Krishnan
尽管有审计失败的指控，以及围绕安达信被起诉的巨大宣传，但没有系统的经验证据表明安达信客户的会计信息特征与其他六大审计师相比。我调查了安达信总部位于休斯顿的客户的收益在报告有关未来现金流的坏消息时是否及时。我发现，与由其他六大审计师审计的休斯顿客户组成的控制组相比，安达信客户的收益在报告坏消息方面不那么及时。此外，安达信客户的营业应计项目在加快及时识别坏消息方面似乎不如非安达信客户的运营应计项目有效。调查结果表明，安达信休斯顿办事处的客户从事了激进的会计操作，包括推迟承认公开的坏消息。
Despite the allegations of audit failure and the enormous publicity surrounding Arthur Andersen's indictment, there is no systematic empirical evidence on characteristics of accounting information of clients of Arthur Andersen vis-a-vis other Big Six auditors. I examine whether earnings of Andersen's Houston-based clients are timely in reporting bad news about future cash flows. I find that relative to a control group consisting of Houston-based clients audited by other Big Six auditors, earnings of Andersen clients are less timely in reporting bad news. Further, it appears that operating accruals of clients of Andersen are less effective in accelerating the timely recognition of bad news than operating accruals of non-Andersen clients. The findings suggest that the clients of Andersen's Houston office engaged in aggressive accounting practices, including delayed recognition of publicly available bad news.