Earnings quality decline and the effect of industry specialist auditors: An analysis of the late 1990s

Journal of Accounting and Public Policy

Volumn 25, Issue 1, 2006, Pages 71-90

  Jenkins, David S ^a   Kane, Gregory D ^a   Velury, Uma ^a  

^a UNIVERSITY OF DELAWARE   (United States)

Author keywords

Audit quality; Earnings quality; Industry specialist auditor

Indexed keywords

EID: 31344433071     PISSN: 02784254     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jaccpubpol.2005.11.003     Document Type: Article

References (38)

1. S. Balsam J. Krishnan J.S. Yang Auditor industry specialization and earnings quality Auditing: A Journal of Practice and Theory 22-2 2003 71-97
2. E. Bartov F.A. Gul J.S.L. Tsui Discretionary - accruals models and audit qualifications Journal of Accounting Economics 30 3 2000 421-452
3. S. Basu The conservative principle and the asymmetric timeliness of earnings Journal of Accounting and Economics 24 1997 3-37
4. M. Beasley K. Petroni Board independence and audit firm type Auditing: A Journal of Practice and Theory Spring 2001 97-114
5. C. Becker M.L. DeFond J. Jiambalvo K.R. Subramanyam The effect of audit quality on earnings management Contemporary Accounting Research 15 1998 1-24
6. J.C. Bedard S.F. Biggs The effect of domain-specific experience on evaluation of management representations in analytical procedures Auditing: A Journal of Practice and Theory 10 Supplement 1991 77-90
7. Byrne, J., Arndt, M., Zellner, W., McNamee, M., June 24, 2002. Restoring trust in corporate America, Business Week, pp. 30-35.
8. Carcello, J.V., Nagy, A.L., 2002. Auditor industry specialization and fraudulent financial reporting. In: Proceedings of the 2002 Deloitte and Touche/University of Kansas Symposium on Auditing Problems.
9. G. Chow Econometric Methods 1983 McGraw-Hill New York
10. D. Collins S. Kothari An analysis of intertemporal and cross-sectional determinants of ERCs Journal of Accounting and Economics 1989 143-183
11. D. Collins E. Maydew J. Weiss Changes in value relevance of earnings and book value over the past forty years Journal of Accounting and Economics 24 1997 39-67
12. A.T. Craswell S.L. Taylor The market structure of auditing in Australia: The role of industry specialization Research in Accounting Regulation 5 1991 55-77
13. A.T. Craswell J.R. Francis S.L. Taylor Auditor brand name reputations and industry specializations Journal of Accounting and Economics 20 1995 297-322
14. M.L. Defond J.R. Francis T.J. Wong Auditor industry specialization and market segmentation: Evidence from Hong Kong Auditing: A Journal of Practice and Theory 19 2000 49-66
15. K.A. Dunn B.W. Mayhew Auditor industry specialization and client disclosure quality Review of Accounting Studies 9 1 2004 35-58
16. Dunn, K., Mayhew, B., Morsefield, S., 2000. Disclosure quality and auditor choice. Working paper CUNY-Baruch.
17. P. Easton T. Harris Earnings as an explanatory variable for returns Journal of Accounting Research 29 1991 19-36
18. Edmondson, G., Tierney, C., January 28, 2002. Accounting in Crisis, Business Week, pp. 44-48.
19. E. Fama K. French The cross-section of expected stock returns Journal of Finance 47 2 1992 427-465
20. J. Francis K. Schipper Have financial statements lost their relevance? Journal of Accounting Research 37 2 1999 319-353
21. Gramling, A.A., Johnson, V.E., Khurana, I.K., 1999. The association between audit firm industry experience and financial reporting quality. Working paper, Wake Forest University, University of Illinois-Champaign, and University of Missouri-Columbia.
22. A.A. Gramling D.N. Stone Audit Firm Industry Expertise: A review and synthesis of the archival literature Journal of Accounting Literature 20 2001 1-29
23. W. Henninger The association between auditor litigation and abnormal accruals The Accounting Review 76 1 2001 111-126
24. C.E. Hogan D.C. Jeter Industry specialization by auditors Auditing: A Journal of Practice and Theory 18 1999 1-17
25. J. Jones Earnings management during import relief investigations Journal of Accounting Research 29 1991 193-228
26. S.P. Kothari Capital Markets Research in Accounting Journal of Accounting and Economics 31 2001 105-231
27. S. Kothari A. Leone C. Wasley Performance matched discretionary accruals Journal of Accounting and Economics 39 2005 163-197
28. Krishnan, G.V., Gul, F.A., 2002. Has audit quality declined? Evidence from the pricing of discretionary accruals. Working Paper. City University of Hong Kong.
29. G.V. Krishnan Audit quality and the pricing of discretionary accruals Auditing: A Journal of Practice and Theory March 2003 109-126
30. G.V. Krishnan Does Big-6 auditor industry experience constrain earnings management? Accounting Horizons 17 Supplement 2003 1-16
31. B. Lev P. Zarowin The boundaries of financial reporting and how to extend them Journal of Accounting Research 37-2 1999 353-386
32. T.B. O'Keefe R.D. King K.M. Gaver Audit fees, industry specialization and compliance with GAAS reporting standards Auditing: A Journal of Practice and Theory 13 1994 41-55
33. J.K. Reynolds J.R. Francis Does size matter? The influence of large clients on office-level auditor reporting decisions Journal of Accounting and Economics 30 2000 375-400
34. R. Shiller Irrational Exuberance 2000 Princeton University Press
35. R.A. Shockley R.N. Holt A behavioral investigation of supplier differentiation in the market for audit services Journal of Accounting Research Autumn 1983 545-564
36. I. Solomon M.D. Shields O.R. Whittington What do industry specialist auditors know? Journal of Accounting Research 37 1999 191-208
37. W.R. Teets C.E. Wasley Estimating earnings response coefficients: Pooled versus firm-specific models Journal of Accounting and Economics 21 1996 279-296
38. U. Velury J. Reisch D. O'Reilly Institutional ownership and the selection of industry specialist auditors Review of Quantitative Finance and Accounting 21 2003 35-48