FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3121900654> ?p ?o ?g. }

• W3121900654 abstract "This study examines auditors' exhibit letters that are filed as part of reporting requirements for auditor changes. The two other reporting requirements (an initial 8-K filing by the client and the AICPA notification letter sent by the auditor) have been the subject of prior work (Schwartz and Soo 1996a; Ettredge et al. 2001). The auditor's exhibit letter, in which the auditor is required to comment on client disclosures in the initial 8-K, is intended to ensure accurate reporting by the client particularly on potentially troublesome conditions such as reportable events, disagreements, and resignations. I investigate the content, timeliness, and informativeness of the auditors' letters. The results indicate a low incidence of inconsistencies between the initial 8-K and the auditor's letter, and a low degree of noncompliance with the timing requirements suggesting that the auditor's exhibit letter contributes positively to the monitoring of corporate disclosures concerning auditor changes. Importantly, a relatively high proportion of inconsistencies between the initial 8-K and the auditor's letter are associated with reportable events and accounting disagreements. Delays in filings are associated with client size, auditor type, auditor resignations, and with the presence of inconsistencies between the initial 8-K and the auditor's letter. Market tests indicate that the market response to the initial 8-K is negative for nonconcurrent filings (filings that do not contain the auditor's letter), but not for concurrent filings (filings that include the letter), suggesting that investors take an adverse view of the absence of the auditor's letter. Late letter filers and filers whose letters point out omissions or inadequacies in the disclosures made in the initial 8-K experience a significant negative reaction from the date of the initial 8-K filing to the date of the filing of the auditor's letter. This is consistent with the possible presence of information leakage prior to the actual filing of the auditor's letter, for example through analyst reports. However, despite this information leakage, late letter filings experience a significant negative reaction at the time of the letter filing. Filings involving inconsistencies between the auditor's letter and the initial 8-K also experience a negative, albeit weaker, reaction on the date of the letter filing. Thus, investors react negatively to the absence of the letter at the time of the initial 8-K filing, and negatively in the period following the initial 8-K filing to late letter filers and filers with inconsistencies. Overall, the results provide support that the auditor's exhibit letter has information content." @default.
• W3121900654 created "2021-02-01" @default.
• W3121900654 creator A5059993941 @default.
• W3121900654 date "2001-09-23" @default.
• W3121900654 modified "2023-09-23" @default.
• W3121900654 title "The Timing and Information Content of Auditors' Exhibit Letters Relating to Auditor Changes" @default.
• W3121900654 hasPublicationYear "2001" @default.
• W3121900654 type Work @default.
• W3121900654 sameAs 3121900654 @default.
• W3121900654 citedByCount "5" @default.
• W3121900654 countsByYear W31219006542013 @default.
• W3121900654 countsByYear W31219006542014 @default.
• W3121900654 crossrefType "posted-content" @default.
• W3121900654 hasAuthorship W3121900654A5059993941 @default.
• W3121900654 hasConcept C121955636 @default.
• W3121900654 hasConcept C144133560 @default.
• W3121900654 hasConcept C147007100 @default.
• W3121900654 hasConcept C150130657 @default.
• W3121900654 hasConcept C170856484 @default.
• W3121900654 hasConcept C191602146 @default.
• W3121900654 hasConcept C199521495 @default.
• W3121900654 hasConcept C24204470 @default.
• W3121900654 hasConcept C41282006 @default.
• W3121900654 hasConcept C58812954 @default.
• W3121900654 hasConceptScore W3121900654C121955636 @default.
• W3121900654 hasConceptScore W3121900654C144133560 @default.
• W3121900654 hasConceptScore W3121900654C147007100 @default.
• W3121900654 hasConceptScore W3121900654C150130657 @default.
• W3121900654 hasConceptScore W3121900654C170856484 @default.
• W3121900654 hasConceptScore W3121900654C191602146 @default.
• W3121900654 hasConceptScore W3121900654C199521495 @default.
• W3121900654 hasConceptScore W3121900654C24204470 @default.
• W3121900654 hasConceptScore W3121900654C41282006 @default.
• W3121900654 hasConceptScore W3121900654C58812954 @default.
• W3121900654 hasLocation W31219006541 @default.
• W3121900654 hasOpenAccess W3121900654 @default.
• W3121900654 hasPrimaryLocation W31219006541 @default.
• W3121900654 hasRelatedWork W1481426102 @default.
• W3121900654 hasRelatedWork W1771217025 @default.
• W3121900654 hasRelatedWork W1969059688 @default.
• W3121900654 hasRelatedWork W1977497407 @default.
• W3121900654 hasRelatedWork W2036314092 @default.
• W3121900654 hasRelatedWork W2041860541 @default.
• W3121900654 hasRelatedWork W2092112998 @default.
• W3121900654 hasRelatedWork W2142436815 @default.
• W3121900654 hasRelatedWork W2157562126 @default.
• W3121900654 hasRelatedWork W2256942496 @default.
• W3121900654 hasRelatedWork W2279912857 @default.
• W3121900654 hasRelatedWork W2409618700 @default.
• W3121900654 hasRelatedWork W2604207530 @default.
• W3121900654 hasRelatedWork W2733846186 @default.
• W3121900654 hasRelatedWork W2969318362 @default.
• W3121900654 hasRelatedWork W3015816033 @default.
• W3121900654 hasRelatedWork W3035064323 @default.
• W3121900654 hasRelatedWork W3138471305 @default.
• W3121900654 hasRelatedWork W435778206 @default.
• W3121900654 hasRelatedWork W2100102488 @default.
• W3121900654 isParatext "false" @default.
• W3121900654 isRetracted "false" @default.
• W3121900654 magId "3121900654" @default.
• W3121900654 workType "article" @default.