The effect of audit adjustments on earnings quality: Evidence from China
The effect of audit adjustments on earnings quality: Evidence from China
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DOI：
10.1016/j.jacceco.2015.08.003
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发表时间：
2016-04
影响因子：
5.9
通讯作者：
C. Lennox;Xi Wu;Tianyu Zhang
中科院分区：
文献类型：
--
作者：
C. Lennox;Xi Wu;Tianyu Zhang
我们研究如何调整盈余在年终审计影响盈余质量的措施。有四个关键发现。第一，审计调整使盈利变得更平稳、更持久。其次，调整后的应计质量更高。第三，审计调整对已签署应计项目的负面影响大于绝对应计项目。第四，调整并没有减少收益分布在零附近的不连续性。这些发现是感兴趣的研究人员使用盈余属性作为代理的盈余质量和审计质量。然而，我们警告说，我们对中国的研究结果可能不会推广到其他国家。
We examine how adjustments to earnings during year-end audits affect measures of earnings quality. There are four key findings. First, audit adjustments cause earnings to become smoother and more persistent. Second, the adjustments result in higher accrual quality. Third, audit adjustments have a larger negative effect on signed accruals than absolute accruals. Fourth, the adjustments do not reduce the discontinuity in the earnings distribution around zero. These findings are of interest to researchers who use earnings properties as proxies for earnings quality and audit quality. However, we caution that our findings for China may not generalize to other countries.