National and Office-Specific Measures of Auditor Industry Expertise and Effects on Audit Quality

By Kenneth J. Reichelt, Dechun Wang. 2010

960 citations recorded by the source corpus.

Subfields: Accounting, Management Information Systems

View Paper: https://www.semanticscholar.org/paper/5e2ae7436bd4d10237a62c31dce48cf532482b32

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In Accounting

1. Daniel Aobdia
2. Phillip T. Lamoreaux
3. Jere R. Francis
4. John Goodwin
5. Paul N. Michas
6. Donghui Wu
7. Dechun Wang
8. Thomas C. Omer

In Management Information Systems

1. Paul N. Michas
2. Daniel Aobdia
3. Hao Zhang
4. Ashok Robin
5. Jere R. Francis
6. Donghui Wu
7. Mikhail Pevzner
8. John Goodwin

Citations in the corpus

• Audit Quality and the Trade-Off between Accretive Stock Repurchases and Accrual-Based Earnings Management (2012, background): “6 Prior to December 17, 2003, SEC Rule 10b-18 did not require firms to disclose the number of shares issued or the number of shares repurchased as part of a repurchase program. Therefore, it is necessary to estimate the number of shares issued and repurchased for a significant number of observations”
• Do (Fe)Male Auditors Impair Audit Quality? Evidence from Going-Concern Opinions (2016, background): “Audit engagement partners plan and implement the engagement and ultimately determine the type of audit opinion to be issued to the client (Chin & Chi, 2009; Reichelt & Wang, 2010).”
• Is Enhanced Audit Quality Associated with Greater Real Earnings Management (2011, methodology): “This result is consistent with the findings in prior studies (Ferguson et al. 2003, Francis et al. 2005, Reichelt and Wang 2010) that industry expertise should be measured at the city-level, not at the national level.”
• Business Strategy, Financial Reporting Irregularities, and Audit Effort (2013, background): “Both Big N audit firms (BIGN) and industry specialists (SPECIALIST) are typically associated with higher audit quality; thus, we expect positive coefficients for BIGN and SPECIALIST (e.g., DeAngelo 1981; Palmrose 1988; Francis et al. 2005; Hay et al. 2006; Reichelt and Wang 2010).”
• The effect of accounting comparability on the accrual-based and real earnings management (2016, result): “In contrast, the coefficient on Ind-expert in column (3) is not significant, which is inconsistent with Reichelt and Wang (2010), who document that AEM is constrained by audit firm’s nation-wide and city-level industry expertise.”
• The effect of audit adjustments on earnings quality: Evidence from China (2016, background): “…Chi et al. (2009), Chung and Kallapur (2003), Francis and Wang (2008), Francis and Yu (2009), Francis et al. (2013), Frankel et al. (2002), Gul et al. (2009, 2013), Larcker and Richardson (2004), Menon and Williams (2004), Myers et al. (2003), Reichelt and Wang (2010), Reynolds and Francis (2001).”
• Auditor Industry Specialization and Evidence of Cost Efficiencies in Homogenous Industries (2015, methodology): “Consistent with Reichelt and Wang (2010), this measure classifies”