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Do Auditors Change their Behavior after Litigation? - Evidence from Audit Fee and Audit Quality -
감사인은 소송을 당한 이후에 감사보수와 감사품질을 어떻게 변화시키는가?

DC Field Value Language
dc.contributor.advisor곽수근-
dc.contributor.author하원석-
dc.date.accessioned2017-07-14T05:18:13Z-
dc.date.available2017-07-14T05:18:13Z-
dc.date.issued2016-02-
dc.identifier.other000000132657-
dc.identifier.urihttp://hdl.handle.net/10371/124640-
dc.description학위논문 (석사)-- 서울대학교 대학원 : 경영학과 회계학, 2016. 2. 곽수근.-
dc.description.abstractThis study examines whether auditors change their behavior in terms of audit quality and audit fees after litigation. The findings in this paper are summarized as follows. First, auditors increase audit efforts to improve audit quality after litigation against them, as suggested by Lennox and Li(2014). Second, auditors charge higher audit fees for both continuing and new clients after litigation against them. These results support the hypothesis that auditors adjust audit pricing mechanism to reflect increased audit efforts and/or expected legal liability. In addition, this paper investigates how litigation against auditors affects the way investors evaluate audit quality in the capital market. It is found that earnings response coefficients decrease with auditors’ exposure to litigation. In particular, the decreases in earnings response coefficients are more pronounced for firms with higher agency costs, supporting the role of auditors in reducing agency costs.-
dc.description.tableofcontentsI. Introduction 1

II. Prior Literature and Hypothesis Development 4
2.1. Litigation and Audit Quality 4
2.2. Litigation and Audit Fees 7
2.3. Litigation and Investors Perception of Audit Quality 10

III. Research Design 13
3.1. Measurement and Variables 13
3.2. Sample Selection 15
3.3. Model Specification 18
3.4. Descriptive Statistics 22

IV. Empirical Results 23
4.1. The Effect of Auditors Experience of Litigation on Audit Quality 23
4.2. The Effect of Auditors Experience of Litigation on Audit Fees 24
4.3. The Effect of Auditors Experience of Litigation on Investors Perception of Audit Quality 28

V. Additional Tests 31

VI. Concluding Remarks 33

References 36

Appendix: Variable Definitions 41

Abstract in Korean (국문초록) 70
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dc.formatapplication/pdf-
dc.format.extent1190372 bytes-
dc.format.mediumapplication/pdf-
dc.language.isoen-
dc.publisher서울대학교 대학원-
dc.subjectlitigation-
dc.subjectaudit quality-
dc.subjectaudit fee-
dc.subjectearnings response coefficients-
dc.subjectagency costs-
dc.subject.ddc658-
dc.titleDo Auditors Change their Behavior after Litigation? - Evidence from Audit Fee and Audit Quality --
dc.title.alternative감사인은 소송을 당한 이후에 감사보수와 감사품질을 어떻게 변화시키는가?-
dc.typeThesis-
dc.contributor.AlternativeAuthorHa, Wonsuk-
dc.description.degreeMaster-
dc.citation.pages70-
dc.contributor.affiliation경영대학 경영학과-
dc.date.awarded2016-02-
Appears in Collections:
College of Business Administration/Business School (경영대학/대학원)Dept. of Business Administration (경영학과)Theses (Master's Degree_경영학과)
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