Matches in SemOpenAlex for { <https://semopenalex.org/work/W2215970398> ?p ?o ?g. }
- W2215970398 abstract "Although the role of auditing is to increase the reliability of financial statements, surprisingly little is known about addressees’ perceptions of the auditor-client relationship. Using a sample of more than 1,000 U.S. bank-years from 2008 to 2011, we analyze the economic consequences of the joint announcement of audit fees and the level breakdown of fair value assets. We confirm prior findings that audit fees are higher for banks with larger proportions of Level 3 fair values. Moreover, we find that the market perception regarding fair value assets depends on the extent of managerial discretion in the estimation process. Most importantly, we find evidence consistent with the notion that addressees’ interpret abnormal audit fees as an indication of additional risk. Thus, unexpected audit fees are not interpreted as a signal for a more reliable audit, but further increase the market discount on Level 3 fair values. Bank managers have to consider these negative consequences in their reporting strategy." @default.
- W2215970398 created "2016-06-24" @default.
- W2215970398 creator A5019629530 @default.
- W2215970398 creator A5055128946 @default.
- W2215970398 creator A5072703495 @default.
- W2215970398 date "2013-01-01" @default.
- W2215970398 modified "2023-09-26" @default.
- W2215970398 title "Are Extensive Audits 'Good News'? Market Perceptions of Abnormal Audit Fees and Fair Value Disclosures" @default.
- W2215970398 cites W1496626049 @default.
- W2215970398 cites W1520258404 @default.
- W2215970398 cites W1522479808 @default.
- W2215970398 cites W1560849420 @default.
- W2215970398 cites W1563901369 @default.
- W2215970398 cites W1608820846 @default.
- W2215970398 cites W1764444413 @default.
- W2215970398 cites W1832403550 @default.
- W2215970398 cites W1845741415 @default.
- W2215970398 cites W1907872398 @default.
- W2215970398 cites W1966660344 @default.
- W2215970398 cites W1968305975 @default.
- W2215970398 cites W1969156355 @default.
- W2215970398 cites W1973200184 @default.
- W2215970398 cites W1978282661 @default.
- W2215970398 cites W1980026771 @default.
- W2215970398 cites W1980810902 @default.
- W2215970398 cites W1981396296 @default.
- W2215970398 cites W1983414527 @default.
- W2215970398 cites W1984140234 @default.
- W2215970398 cites W1984524168 @default.
- W2215970398 cites W1990317644 @default.
- W2215970398 cites W1991795148 @default.
- W2215970398 cites W1993066373 @default.
- W2215970398 cites W1999853634 @default.
- W2215970398 cites W2003283916 @default.
- W2215970398 cites W2012041776 @default.
- W2215970398 cites W2014141502 @default.
- W2215970398 cites W2014914289 @default.
- W2215970398 cites W2016126989 @default.
- W2215970398 cites W2019084876 @default.
- W2215970398 cites W2019810426 @default.
- W2215970398 cites W2020154485 @default.
- W2215970398 cites W2022155536 @default.
- W2215970398 cites W2026299429 @default.
- W2215970398 cites W2030463792 @default.
- W2215970398 cites W2035432291 @default.
- W2215970398 cites W2036115220 @default.
- W2215970398 cites W2040104932 @default.
- W2215970398 cites W2040142279 @default.
- W2215970398 cites W2041338467 @default.
- W2215970398 cites W2042190439 @default.
- W2215970398 cites W2044047583 @default.
- W2215970398 cites W2046519558 @default.
- W2215970398 cites W2047485150 @default.
- W2215970398 cites W2050886799 @default.
- W2215970398 cites W2053483294 @default.
- W2215970398 cites W2063234046 @default.
- W2215970398 cites W2065351829 @default.
- W2215970398 cites W2066946592 @default.
- W2215970398 cites W2069446933 @default.
- W2215970398 cites W2077918164 @default.
- W2215970398 cites W2081724247 @default.
- W2215970398 cites W2087099253 @default.
- W2215970398 cites W2088037186 @default.
- W2215970398 cites W2088039507 @default.
- W2215970398 cites W2091561867 @default.
- W2215970398 cites W2092361448 @default.
- W2215970398 cites W2093260403 @default.
- W2215970398 cites W2094329355 @default.
- W2215970398 cites W2098881373 @default.
- W2215970398 cites W2102814786 @default.
- W2215970398 cites W2104559023 @default.
- W2215970398 cites W2105290011 @default.
- W2215970398 cites W2109850381 @default.
- W2215970398 cites W2110516385 @default.
- W2215970398 cites W2113430743 @default.
- W2215970398 cites W2121215516 @default.
- W2215970398 cites W2123811670 @default.
- W2215970398 cites W2124295622 @default.
- W2215970398 cites W2126367158 @default.
- W2215970398 cites W2135241016 @default.
- W2215970398 cites W2135255733 @default.
- W2215970398 cites W2135466467 @default.
- W2215970398 cites W2136257352 @default.
- W2215970398 cites W2141689486 @default.
- W2215970398 cites W2142141165 @default.
- W2215970398 cites W21434973 @default.
- W2215970398 cites W2144129055 @default.
- W2215970398 cites W2147918236 @default.
- W2215970398 cites W2150133863 @default.
- W2215970398 cites W2152949417 @default.
- W2215970398 cites W2157251918 @default.
- W2215970398 cites W2163981496 @default.
- W2215970398 cites W2165482761 @default.
- W2215970398 cites W2169598546 @default.
- W2215970398 cites W2170032343 @default.
- W2215970398 cites W2172005041 @default.
- W2215970398 cites W2247649312 @default.
- W2215970398 cites W2315439995 @default.
- W2215970398 cites W2508972247 @default.
- W2215970398 cites W2963263835 @default.