Audit firm tenure and financial restatements: An analysis of industry specialization and fee effects

By Jonathan D. Stanley, F. DeZoort. 2007

368 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/3e808a7d2a45ef6d0dde143fd6d9adae54519701

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. W. Robert Knechel
2. Michael Firth
3. Oliver M. Rui
4. Ebraheem Saleem Salem Alzoubi
5. Mikhail Pevzner
6. Tianyu Zhang
7. Uma Velury
8. Xi Wu

In Strategy and Management

1. W. Robert Knechel
2. Ebraheem Saleem Salem Alzoubi
3. Mikhail Pevzner
4. Xi Wu
5. Uma Velury
6. Lori B. Shefchik
7. Michael Firth
8. Gopal V. Krishnan

Citations in the corpus

• Fee Pressure and Audit Quality (2014, neutral): “quality audits should detect more errors and result in fewer misstatements (Kinney et al., 2004; Stanley and DeZoort, 2007; Romanus et al., 2008; Lobo and Zhao, 2013).”
• Audit Quality: Insights from the Academic Literature (2013, background): “For example the presence of restatements is negatively associated with various proxies for audit quality including auditor industry expertise (Romanus et al. 2008; Chin and Chi 2009), auditor tenure (Stanley and DeZoort 2007), and aggregate audit team experience (Li and Chen 2011).”
• Does Mandatory Rotation of Audit Partners Improve Audit Quality (2014, background): “Our results underscore the importance of examining mandatory rather than voluntary rotations in order to draw reliable inferences about the consequences of mandatory rotation.”
• How Do Various Forms of Auditor Rotation Affect Audit Quality? Evidence from China (2012, background): “Many recent studies examine whether longer auditor tenure is associated with reduced (actual) financial reporting quality (FRQ) or audit quality (AQ), either at the audit firm level (Geiger and Raghunandan, 2002; Johnson et al., 2002; Myers et al., 2003; Carcello and Nagy, 2004; Gul et al., 2007; Kn”
• Audit quality, debt financing, and earnings management: Evidence from Jordan (2017, background): “Stanley and DeZoort (2007) specified that industry-specialised auditors are negatively associated with the probability of restatement.”
• Does Auditor Tenure Improve Audit Quality? Moderating Effects of Industry Specialization and Fee Dependence (2009, neutral): “In contrast, Stanley and DeZoort (2007) document that audit fees (but not nonaudit fees) are associated with improved audit quality in terms of lower likelihood of restatement for firms with short auditor tenure.”