Residential College | false |
Status | 已發表Published |
Regulatory investigations, media coverage, and audit opinions | |
Xuelian Li1![]() ![]() ![]() | |
2024-03 | |
Source Publication | Journal of International Accounting Auditing and Taxation
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ABS Journal Level | 3 |
ISSN | 1061-9518 |
Volume | 54Pages:100596 |
Abstract | After an investigation of an audit engagement is announced, does media coverage of the investigation affect the involved individual auditor’s behaviors in his or her other non-investigated engagements? We examine this question using a sample of Chinese firms. We find that an individual auditor is more likely to issue modified audit opinions in non-investigated engagements if the investigation attracts a high level of media coverage. This augmenting effect of media coverage exists only when the non-investigated firm has an opaque information environment or a relatively high level of earnings management, when the individual auditor is the review auditor or a non-busy auditor, and when the news comes from an opinion leader. Our results suggest that the media can play an effective role in broadening the sphere of influence of regulatory actions. |
Keyword | Audit Opinion Individual Auditor Media Coverage Regulatory Investigation Spillover Effect |
DOI | 10.1016/j.intaccaudtax.2024.100596 |
URL | View the original |
Indexed By | ESCI |
WOS Research Area | Business & Economics |
WOS Subject | Business, Finance |
WOS ID | WOS:001164010500001 |
Publisher | ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS |
Scopus ID | 2-s2.0-85182783124 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Business Administration DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT |
Corresponding Author | Liang Dong |
Affiliation | 1.Department of Accounting and Information Management, Faculty of Business Administration, University of Macau, Macau, China 2.School of Finance, Hunan University of Technology and Business, Changsha, China 3.CUHK Business School, The Chinese University of Hong Kong, Hong Kong |
First Author Affilication | Faculty of Business Administration |
Recommended Citation GB/T 7714 | Xuelian Li,Liang Dong,Hung Wan Kot,et al. Regulatory investigations, media coverage, and audit opinions[J]. Journal of International Accounting Auditing and Taxation, 2024, 54, 100596. |
APA | Xuelian Li., Liang Dong., Hung Wan Kot., & Ming Liu (2024). Regulatory investigations, media coverage, and audit opinions. Journal of International Accounting Auditing and Taxation, 54, 100596. |
MLA | Xuelian Li,et al."Regulatory investigations, media coverage, and audit opinions".Journal of International Accounting Auditing and Taxation 54(2024):100596. |
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