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Conference Paper: SOX internal control deficiencies and auditors of U.S.-listed Chinese versus U.S. firms

TitleSOX internal control deficiencies and auditors of U.S.-listed Chinese versus U.S. firms
Authors
KeywordsSarbanes-Oxley
Section 302
Ineffective internal control disclosures
U.S.-listed Chinese firms
Issue Date2012
Citation
The 1st International Conference of the Journal of International Accounting Research, Xiamen, China, 14–17 June 2011. How to Cite?
AbstractThis study compares Sarbanes Oxley Section 302 ineffective internal control disclosures (IICs) and auditors of U.S.-listed Chinese and U.S. domiciled firms with four main findings. First, U.S.-listed Chinese firms report significantly more IICs than matched U.S. domiciled firms. Second, IICs are concentrated among Chinese firms that list directly in the U.S. versus those that also cross-list in China with added Chinese regulatory oversight. Third, Chinese firms that list directly (cross-list) in the U.S. are significantly less (more) likely to employ Big 4 auditors than cross-listed Chinese and matched U.S. firms. Fourth, the IICs of U.S.-listed Chinese firms relate primarily to financial statement preparation, personnel and remediation. Finally, we compare the Big 4 auditors engaged by U.S.-listed Chinese and U.S. domiciled firms. To our knowledge, this study provides the first direct evidence regarding the IICs and auditors of U.S.-listed Chinese firms, matters of interest to regulatory authorities and firm stakeholders globally.
DescriptionAmerican Accounting Association International Accounting Section
Conference Theme: IFRS (International Financial Reporting Standards) Convergence and Adoption: challenges and Opportunities
Persistent Identifierhttp://hdl.handle.net/10722/215490

 

DC FieldValueLanguage
dc.contributor.authorBaker, RR-
dc.contributor.authorBiddle, GC-
dc.contributor.authorO'Connor, NG-
dc.date.accessioned2015-08-21T13:27:40Z-
dc.date.available2015-08-21T13:27:40Z-
dc.date.issued2012-
dc.identifier.citationThe 1st International Conference of the Journal of International Accounting Research, Xiamen, China, 14–17 June 2011.-
dc.identifier.urihttp://hdl.handle.net/10722/215490-
dc.descriptionAmerican Accounting Association International Accounting Section-
dc.descriptionConference Theme: IFRS (International Financial Reporting Standards) Convergence and Adoption: challenges and Opportunities-
dc.description.abstractThis study compares Sarbanes Oxley Section 302 ineffective internal control disclosures (IICs) and auditors of U.S.-listed Chinese and U.S. domiciled firms with four main findings. First, U.S.-listed Chinese firms report significantly more IICs than matched U.S. domiciled firms. Second, IICs are concentrated among Chinese firms that list directly in the U.S. versus those that also cross-list in China with added Chinese regulatory oversight. Third, Chinese firms that list directly (cross-list) in the U.S. are significantly less (more) likely to employ Big 4 auditors than cross-listed Chinese and matched U.S. firms. Fourth, the IICs of U.S.-listed Chinese firms relate primarily to financial statement preparation, personnel and remediation. Finally, we compare the Big 4 auditors engaged by U.S.-listed Chinese and U.S. domiciled firms. To our knowledge, this study provides the first direct evidence regarding the IICs and auditors of U.S.-listed Chinese firms, matters of interest to regulatory authorities and firm stakeholders globally.-
dc.languageeng-
dc.relation.ispartofInternational Conference of the Journal of International Accounting Research (Xiamen)-
dc.rightsCreative Commons: Attribution 3.0 Hong Kong License-
dc.subjectSarbanes-Oxley-
dc.subjectSection 302-
dc.subjectIneffective internal control disclosures-
dc.subjectU.S.-listed Chinese firms-
dc.titleSOX internal control deficiencies and auditors of U.S.-listed Chinese versus U.S. firms-
dc.typeConference_Paper-
dc.identifier.emailBiddle, GC: biddle@hku.hk-
dc.identifier.emailO'Connor, NG: oconnor@business.hku.hk-
dc.identifier.authorityBiddle, GC=rp00230-
dc.identifier.authorityO'Connor, NG=rp01089-
dc.description.naturepostprint-
dc.identifier.hkuros247408-

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