作者: Johnson Marilyn F , Frankel Richard M , Nelson Karen K
DOI:
关键词: Accrual 、 Auditor independence 、 Finance 、 Commission 、 Earnings 、 Accounting 、 Purchasing 、 Audit 、 Earnings quality 、 Business 、 Proxy statement
摘要: We examine the association between provision of non-audit services and earnings quality. Because concerns regarding effect on financial reporting credibility, Securities Exchange Commission recently issued revised auditor independence rules requiring firms to disclose in their annual proxy statement amount fees paid auditors for audit services. Using data collected from statements filed February 5, 2001 June 15, 2001, we present evidence that purchasing more are likely just meet or beat analysts' forecasts report larger absolute discretionary accruals. However, purchase is not associated with meeting other benchmarks. also find unexpected component total fee ratio negatively stock returns filing date. These results consistent arguments strengthens an auditor's economic bond client investors price this effect.