haku: @indexterm DISMISSAL / yhteensä: 156
viite: 30 / 156
| Tekijä: | Teoh, S. H. |
| Otsikko: | Auditor independence, dismissal threats, and the market reaction to auditor switches |
| Lehti: | Journal of Accounting Research
1992 : SPRING, VOL. 30, p. 1-26 |
| Asiasana: | AUDITORS DISMISSAL ACCOUNTING |
| Kieli: | eng |
| Tiivistelmä: | This paper analyzes the effect of auditor changes on security prices in two alternative regimes. In the first, the auditor follows a mechanical decision rule; in the second, the auditor takes into account the possibility that an adverse audit opinion may lead to dismissal. The author shows that in either regime, investors' reaction to switches depends on the context of the switch and the characteristics of the switching firm. With mechanical auditors, a retention may indicate either that the firm is doing so well that it expects a clean opinion from the current auditor, or that the firm is doing so poorly that it expects a qualified opinion from any auditor. |
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