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1、Audit-opinion-and-Audit-opinion-and-earnings-earnings-managementAudit-managementAudit-opinion-and-earnings-opinion-and-earnings-managementmanagementContentsContents Literature review hypotheses and MethodologyConclusionIntroduction Empirical results1. Introduction1. Introduction financial crises hav
2、e a direct effect on the business worldconcern about the quality of the information provided in financial statementsthe opinions of auditorsconcerns over auditor reporting increaseOur aiminvestigate the association between auditor reporting and earnings management2 2. . LiteratureLiterature reviewre
3、viewFrancis and Krishnan (1999)auditors of firms with high levels of accruals in absolute terms are more likely to issue qualified opinions for asset realisation uncertainties and for going-concern problemsButler et al. (2004)auditor reporting is a positive response to earnings management。 the negat
4、ive relationship in going-concern cases is a consequence of auditor conservatism Sanchez et al. (2008) a negative association containing uncertaintyabout the likelihood of a firm continuing as a going-concern.3. hypotheses and Methodology3. hypotheses and Methodology3.1 hypotheses Qualified audit op
5、inions for going-concern uncertainty are not associated with discretionary accruals, other thingsbeing equal. Qualified audit opinions for reasons other than the going-concern uncertainty are not associated with discretionary accruals, other things being equal.H1H23.2Empirical model We test our hypo
6、theses of whether the audit opinion decision is related to earnings management by estimating a logistic regression model where the type of audit opinion (AO) is the dependent dichotomous variable and discretionary accruals(DA) is the test variable.4. Empirical results4. Empirical resultsThe results
7、of the logistic regressionsIn the GC analysis, DA is not significantThis means that the null of Hypothesis 1 is acceptedThe DA coefficient is negative and significant atthe 10% level,thus the null of Hypothesis 2 is marginally rejected5. Conclusion5. Conclusion the findings reveal notably few instan
8、ces of GAAP departures or scope limitations and provide little support for the presence of extreme earnings management. the going-concern qualification decision is not related to the level of discretionary accruals12ReferencesReferencesArnedo, L., Lizarraga, F., & Sanchez, S. (2008). Discretionary a
9、ccruals and auditor behavior in code-law contexts: An application to failing Spanish firms.European Accounting Review, 17(4), 641666.Ball, R. (2006). International Financial Reporting Standards (IFRS): Pros and cons for investors. Accounting and Business Research, 36(special issue), 527.Ballas, A. A
10、., Skoutela, D., & Tzovas, C. A. (2010). The relevance of IFRS to an emerging market: Evidence from Greece. Managerial Finance, 36(11), 931948.Baralexis, S. (2004). Creative accounting in small advancing countries: The Greek case. Managerial Auditing Journal, 19(3), 440461.Bradshaw, M. T., Richardso
11、n, S. A., & Sloan, R. G. (2001). Do analysts and auditors use information in accruals? Journal of Accounting Research, 39(1), 4574Butler, M., Leone, A. J., & Willenborg, M. (2004). An empirical analysis of auditor reporting and its association with abnormal accruals. Journal of Accountingand Economi
12、cs, 37(2), 139165.Carcello, J. V., & Neal, T. L. (2000). Audit committee composition and auditor reporting. Accounting Review, 75, 453467.Carey, P., & Simnett, R. (2006). Audit partner tenure and audit quality. Accounting Review, 81(3), 653676.Francis, J. R., & Krishnan, J. (1999). Accounting accrua
13、ls and auditor reporting conservatism. Contemporary Accounting Research, 16(1), 135165.Kirkos, E., Spathis, C., Nanopoulos, A., & Manolopoulos, Y. (2007). Identifying qualified auditors opinions: A data mining approach. Journal of EmergingTechnologies in Accounting, 4(1), 183197.Knechel, R. W., & Va
14、nstraelen, A. (2007). The relationship between auditor tenure and audit quality implied by going concern opinions. Auditing: A Journalof Practice & Theory, 26(1), 113131.Larcker, D. F., & Richardson, S. A. (2004). Fees paid to audit firms, accrual choices and corporate governance. Journal of Accounting Research, 42(3), 625658结束结束
