search query: @author Scholz, S. / total: 3
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| Author: | Kinney, W.R. Jr. Palmrose, Z-V. Scholz, S. |
| Title: | Auditor independence, non-audit services, and restatements: Was the U.S. government right? |
| Journal: | Journal of Accounting Research
2004 : JUN, VOL. 42:3, p. 561-588 |
| Index terms: | Accounting Auditors Financial reporting |
| Language: | eng |
| Abstract: | Do fees for non-audit (hereafter as: n-a.) services compromise auditor's independence and result in reduced quality of financial reporting? The Sarbanes-Oxley Act of 2002 presumes that some fees do and bans these services for audit clients. This paper investigates detailed fees for restating registrants for 1995 to 2000 and for similar nonrestating registrants. No statistically significant positive association is found btw. fees for either financial information systems design and implementation or internal audit services and restatements. However, some such association are found for unspecified n-a. services and restatements. A significant negative association is found btw. tax services (here as: t-s.) fees and restatements, consistent with net benefits from acquiring t-s. from a registrant's audit firm. |
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