Auditor choice and accruals patterns of cross-listed firms
Auditor choice and accruals patterns of cross-listed firms
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DOI：
10.1016/j.cjar.2011.09.002
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发表时间：
2014-08
期刊：
影响因子：
--
通讯作者：
B. Wang;Qi Xin
中科院分区：
文献类型：
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作者：
B. Wang;Qi Xin
我们研究了在香港交叉上市的中国上市公司的审计师选择和应计模式之间的关联。我们的证据表明，四大审计师的客户报告较低的未签名的全权应计项目相对于非四大审计师的客户。此外，我们发现，交叉上市公司与非四大审计师更有可能低估他们的盈利和经验更大的应计项目的逆转，在未来比交叉上市公司与四大审计师。这些研究结果表明，四大审计师在改善交叉上市公司的盈余质量方面发挥了有意义的作用，这有助于解释为什么交叉上市公司的盈余质量高于国内同行，如文献所记载的。
We examine the association between auditor choice and the accruals patterns of Chinese listed firms that cross-list in Hong Kong. Our evidence suggests that the clients of Big 4 auditors report lower unsigned discretionary accruals relative to the clients of non-Big 4 auditors. Further, we find that cross-listed firms with non-Big 4 auditors are more likely to understate their earnings and experience larger reversals of accruals in the future than cross-listed firms with Big 4 auditors. These findings suggest that Big 4 auditors play a meaningful role in improving earnings quality for cross-listed firms, which helps to explain why cross-listed firms have higher earnings quality than their domestic counterparts, as documented in the previous literature.