search query: @freeterm Misstatement correction / total: 1
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| Author: | Libby, R. Kinney, W. R. Jr. |
| Title: | Does mandated audit communication reduce opportunistic corrections to manage earnings to forecasts? |
| Journal: | Accounting Review
2000 : OCT, VOL. 75:4, p. 383-404 |
| Index terms: | Auditing Earnings Forecasting |
| Freeterms: | Opportunism Misstatement correction |
| Language: | eng |
| Abstract: | This paper reports two experiments in which Big 5 audit managers estimate reported (audited) earnings conditional on analysts' consensus forecast, auditing standards, and auditor discovery of a quantitative immaterial earnings overstatement. The authors find that auditors judge overstatement correction less likely if it would cause a missed forecast, even for objectively measured misstatements. |
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