haku: @indexterm AUDIT COMMITTEES / yhteensä: 28
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| Tekijä: | Carcello, J. V. Neal, T. L. |
| Otsikko: | Audit Committee Characteristics and Auditor Dismissals following "New" Going-Concern Reports |
| Lehti: | Accounting Review
2003 : JAN, VOL. 78:1, p. 95-118 |
| Asiasana: | AUDIT COMMITTEES AUDITORS REPORTS |
| Kieli: | eng |
| Tiivistelmä: | One important role of audit committees is to protect external auditors from dismissal following the issuance of an unfavorable report. The authors examine auditor dismissals following new going-concern reports that Big 6 firms issued between 1988 and 1999. The authors' findings suggest that audit committees with greater independence, greater governance expertise, and lower stockholdings are more effective in shielding auditors from dismissal after the issuance of new going-concern reports. In addition, the authors find that the relation between audit committee independence and auditor protection from dismissal has grown stronger over time. Finally, independent audit committee members experience a significant increase in turnover rate after auditor dismissals. |
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