[-] Show simple item record

dc.contributor.advisorKhurana, Inder K. (Inder Krishan)eng
dc.contributor.authorStein, Sarah E.eng
dc.contributor.otherUniversity of Missouri-Columbia. Graduate School. Theses and Dissertations. Dissertations. 2013 Dissertationseng
dc.date.issued2013eng
dc.date.submitted2013 Springeng
dc.description.abstract[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] Prior research suggests that managers exhibit strong incentives to hide losses and use unverifiable discretion opportunistically. In this study, I focus on impairments of long-lived assets, which require implementation of complex accounting standards and involve substantial discretion as to the timing and magnitude of reported losses. Specifically, I examine whether industry specialist auditors act as a monitoring mechanism by enforcing more conservative recognition of impairments. Using a sample of firm-year observations between 2003 and 2010, empirical results reveal that client firms engaging industry specialist auditors record more frequent, larger, and timelier asset impairments relative to client firms engaging auditors with less specialization. Moreover, I find that the positive association between industry specialists and asset impairments is stronger during the economic crisis period when auditors face greater risks (e.g., heightened litigation risk). Specialist auditors are also more likely to enforce timely impairments during the crisis through large, one-time write-offs. Overall, this study provides evidence that auditor expertise plays an important monitoring role in the enforcement of complex accounting standards.eng
dc.format.extent1 online resource (vii, 106 pages) : illustrations.eng
dc.identifier.oclc890319802eng
dc.identifier.urihttps://doi.org/10.32469/10355/43329eng
dc.identifier.urihttps://hdl.handle.net/10355/43329
dc.languageEnglisheng
dc.publisherUniversity of Missouri--Columbiaeng
dc.relation.ispartofcommunityUniversity of Missouri--Columbia. Graduate School. Theses and Dissertationseng
dc.rightsAccess is limited to the campus of the University of Missouri--Columbia.eng
dc.rights.licenseThis work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
dc.sourceSubmitted by the University of Missouri--Columbia Graduate School.eng
dc.subject.lcshAuditors.eng
dc.subject.lcshEarnings management.eng
dc.subject.lcshAccounting -- Standards.eng
dc.subject.lcshAuditing -- Standards.eng
dc.titleDo industry specialist auditors enforce more conservative recognition of long-lived asset impairments?eng
dc.typeThesiseng
thesis.degree.disciplineAccountancy (MU)eng
thesis.degree.grantorUniversity of Missouri--Columbiaeng
thesis.degree.levelDoctoraleng
thesis.degree.namePh. D.eng


Files in this item

[PDF]
[PDF]
[PDF]

This item appears in the following Collection(s)

[-] Show simple item record