审计事务所行业专业化和业主信息质量披露【外文翻译】

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1、外文翻译AuditFirmIndustrySpecializationandClientDisclosureQualityMaterialSource:ReviewofAccountingAuthor:KimberlyA.Dunn,BrianW.MayhewTheobjectiveofthispaperistoprovideevidenceontheeffectsofhiringanindustryspecialistauditor.Specifically,weexaminetheassociationbetweentheuseofanindustr

2、yspecialistauditfirmandthequalityofthefirm’sdisclosures.Thisresearchcontributestothebroaderquestionofhowauditorchoiceimpacts,orisassociatedwith,financialreportingquality.Contemporaneousresearchprovidessomeevidencethatindustryspecialistsareassociatedwithhigherearningsquality.Bals

3、ametal.(2003)provideevidencethatindustryspecialistareassociatedwithhigherearningsresponsecoefficientsandGramlingetal.(2000)provideevidencethatindustryspecialistsareassociatedwithastrongerassociationbetweencurrentearningsandsubsequentcashflows.Thecurrentpapercontributestothisevid

4、encebylookingatfinancialreportingqualitymorebroadlydefined.Weexaminetheassociationbetweenindustryspecializationandclientdisclosurequalityasmeasuredbytheanalysts’disclosurequalityevaluationsreportedintheannualAssociationforInvestmentManagementandResearch(AIMR)CorporateInformation

5、CommitteeReports.AIMRformedindustrycommitteesofbuyandsellsideanalyststoevaluatethedisclosurequalityofcompanieswithinselectedindustriesuntil1996.AnnualAIMRreportsevaluatedfirmdisclosurequalityonanumberofdimensionsincludingannualpublishedinformation,quarterlyandotherpublishedinfor

6、mation,andinvestorrelations.WhiletheAIMRrankingslikelycapturequalityofearningsaspartoftheirrankings,theyprovideamuchbroaderassessmentofafirm’soveralldisclosurestrategy.Thispaperprovidesevidencethatclientsselectauditorsaspartoftheiroveralldisclosurestrategy.Theevidenceisconsisten

7、twithbothindustry-specialistsassistingclientsinenhancingdisclosurequality,andthechoiceofanindustry-specialistsignalingaclient’sdecisiontoprovidehighqualitydisclosures.Theroleofindustryspecialistsinenhancingdisclosurequalityisconsistentwithpriorresearchthatdocumentsastronglinkbet

8、weenclientsatisfactionandauditorindustryspecial