【1月10日】【会计学院学术论坛】Audit Firm Alliances and Audit Quality- International Evidence发布日期：2019-09-12 21:10:12
讲座主题：Audit Firm Alliances and Audit Quality: International Evidence
摘要：In this study, I examine whether non-Big Four audit firms provide higher-quality audits to their clients after they join audit firm alliances, and how the effect varies across different countries and different alliances. Regulators and practitioners have been encouraging audit market competition, and encouraging non-Big Four audit firms to audit large public companies. Using a difference-in-differences approach, I find that after non-Big Four audit firms join alliances, their audit fees increase, and clients’ discretionary accruals decrease, indicating that audit quality improves after audit firms join the alliances. I also find such improvement in audit quality is more pronounced in countries with lower litigation risks and countries with lower country-level audit quality. Further, I find that the improvement in audit quality is more pronounced if audit firms join top alliances or high-growth alliances. Overall, my findings suggest that the audit firm alliances provide benefits to non-Big Four member firms.
讲座人简介：李晓，香港理工大学博士研究生。研究兴趣包括Audit Quality、IFRS Adoption、Corporate Finance等领域。已在China Accounting and Finance Review发表论文，并有数篇工作论文入选多个重要会计国际会议，包括American Accounting Association Annual Conference、International Conference of the Journal of International Accounting Research等。曾担任Journal of Accounting, Auditing and Finance、Journal of International Accounting Research等期刊匿名审稿人。