search query: @author Butler, M. / total: 4
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| Author: | Butler, M. Leone, A.J. Willenborg, M. |
| Title: | An empirical analysis of auditor reporting and its association with abnormal accruals |
| Journal: | Journal of Accounting & Economics
2004 : JUN, VOL. 37:2, p. 139-165 |
| Index terms: | Auditing Auditors Finance Financial reporting Earnings |
| Language: | eng |
| Abstract: | This paper uses a web-based sampling methodology to obtain and content analyze a large sample of modified audit opinions (hereafter as: audit-o). Based on this analysis, it is re-examined whether certain modified audit-o. are associated with abnormal accruals. It is found that the documented relation btw. modified opinions and abnormal accruals rests with companies that have going-concern opinions. These firms have large negative accruals likely due to severe financial distress. Overall, no evidence is found to support inferences in previous research. |
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