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Conference Paper: The association between auditor independence and conservatism

TitleThe association between auditor independence and conservatism
Authors
Issue Date2009
PublisherAmerican Accounting Association.
Citation
The 2009 Annual Meeting of the American Accounting Association (AAA), New York, N.Y., 1-5 August 2009. How to Cite?
AbstractWe examine the association between accounting conservatism and external auditor independence using measures of conditional, unconditional and overall conservatism. We find positive relations between auditor independence and all types of accounting conservatism. These findings suggest that greater auditor independence bolsters both long-term unconditional conservative accounting policies and conditional conservatism. Contextual analysis shows that the independence-conservatism association is stronger in Big-4 audit firms whose income from non-audit services is unexpectedly low, in clients involving high litigation risk, as well as in clients raising cash from external sources; this relation is weaker in R&D and advertising intensive firms where GAAP-induced conservatism likely reduces incentives for independent auditors to require conservative accounting treatments.
DescriptionSession 7.12 - Independence
Persistent Identifierhttp://hdl.handle.net/10722/112137

 

DC FieldValueLanguage
dc.contributor.authorAmir, Een_HK
dc.contributor.authorGuan, Yen_HK
dc.contributor.authorLivne, Gen_HK
dc.date.accessioned2010-09-26T03:19:13Z-
dc.date.available2010-09-26T03:19:13Z-
dc.date.issued2009en_HK
dc.identifier.citationThe 2009 Annual Meeting of the American Accounting Association (AAA), New York, N.Y., 1-5 August 2009.-
dc.identifier.urihttp://hdl.handle.net/10722/112137-
dc.descriptionSession 7.12 - Independence-
dc.description.abstractWe examine the association between accounting conservatism and external auditor independence using measures of conditional, unconditional and overall conservatism. We find positive relations between auditor independence and all types of accounting conservatism. These findings suggest that greater auditor independence bolsters both long-term unconditional conservative accounting policies and conditional conservatism. Contextual analysis shows that the independence-conservatism association is stronger in Big-4 audit firms whose income from non-audit services is unexpectedly low, in clients involving high litigation risk, as well as in clients raising cash from external sources; this relation is weaker in R&D and advertising intensive firms where GAAP-induced conservatism likely reduces incentives for independent auditors to require conservative accounting treatments.-
dc.languageengen_HK
dc.publisherAmerican Accounting Association.-
dc.relation.ispartofAnnual Meeting of the American Accounting Association-
dc.titleThe association between auditor independence and conservatismen_HK
dc.typeConference_Paperen_HK
dc.identifier.emailAmir, E: eamir@london.eduen_HK
dc.identifier.emailGuan, Y: ylguan@business.hku.hk-
dc.identifier.emailLivne, G: g.livne@city.ac.uk-
dc.identifier.hkuros162449en_HK
dc.description.otherThe 2009 Annual Meeting of the American Accounting Association (AAA), New York, N.Y., 1-5 August 2009.-

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