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| Author: | Hunton. J.E. Rose, J.M. |
| Title: | Can directors' self-interests influence accounting choices? |
| Journal: | Accounting, Organizations and Society
2008 : OCT, VOL. 33:7-8 p.783-800 |
| Index terms: | directors auditing auditors reputation audit committees |
| Language: | eng |
| Abstract: | In this paper, the effects of audit issue (adjustment vs. restatement) and director status (single directorship vs. multiple directorships) on the likelihood of accepting an auditor's recommendation are investigated. Eighty-eight audit committee members representing different companies have participated in the study, and results indicate that all of them, especially directors holding multiple directorships, are less likely to accept an auditor's restatement recommendation than adjustment recommendation. Analysis of post-experiment clinical debriefing items indicates directors with multiple directorships being less willing to support restatements due to the potential adverse effects of restatements on their reputation capital. |
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