Do companies successfully engage in opinion-shopping? Evidence from the UK

By Clive Lennox. 2000

395 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/dc41040723f9abd45f41133abaf0c4d0f4647adc

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. Daniel Aobdia
3. A. Vanstraelen
4. Mikko P. Zerni
5. Michael Firth
6. Oliver M. Rui
7. Tianyu Zhang
8. Nathan J. Newton

In Strategy and Management

1. W. Robert Knechel
2. A. Vanstraelen
3. Mikko P. Zerni
4. Daniel Aobdia
5. Dechun Wang
6. Michael S. Wilkins
7. Nathan J. Newton
8. Julie S. Persellin

Citations in the corpus

• Internal Control Opinion Shopping and Audit Market Competition (2016, methodology): “We adopt the framework developed in Lennox (2000) to construct a proxy to measure the tendency that clients engage in internal control opinion shopping activities.”
• How Do Various Forms of Auditor Rotation Affect Audit Quality? Evidence from China (2012, background): “However, several studies show that a company is more likely to switch its audit firm if its auditor issues an MAO (Chow & Rice, 1982; Lennox, 2000), thus the negative association between audit firm tenure and audit quality could be due to self-selection.”
• Does Mandatory Rotation of Audit Partners Improve Audit Quality (2014, background): “Further, although some studies have examined regimes in which partner rotation is mandatory, they have not distinguished between mandatory versus voluntary rotations.”
• Does the identity of engagement partners matter? An analysis of audit partner reporting decisions (2015, methodology): “We use only first-time GCOs because audit reporting is highly persistent ( Lennox, 2000).”
• The impact of the pcaob individual engagement inspection process-preliminary evidence (2018, background): “As a result, following the issuance of a Part I Finding, the client may not switch auditors, or may only do so with an opinion shopping purpose (Teoh, 1992; Lennox, 2000) because of increased scrutiny by their incumbent auditor.”
• The Reliability of Certification: Quality Labels as a Consumer Policy Tool (2005, neutral): “Under these conditions, it is easy for a producer to go ‘‘opinion shopping’’ (Lennox, 2000).”
• Auditing the auditors:Evidence on the recent reforms to the external monitoring of audit firms (2010, neutral): “In many respects, our analysis is similar to research examining whether clients “shop” among auditors for more favorable audit opinions (e.g., Chow and Rice, 1982; Craswell, 1988; Lennox, 2000).”