CPA-Firm Merger: An Investigation of Audit Quality
學年 99
學期 1
出版(發表)日期 2011-01-01
作品名稱 CPA-Firm Merger: An Investigation of Audit Quality
著者 Wang, Tay-Chang; Liu, Chia-Wen; Chang, Chien-Heng Jennifer
單位 淡江大學會計學系
出版者 Abingdon: Routledge
著錄名稱、卷期、頁數 European Accounting Review 20(4), pp.727-761
摘要 It would be interesting to know how the theories and hypotheses in auditing developed for a mature economy work in an emerging market. This paper uses the merger of Diwan, Ernst & Young and J.T. Lai & Co., CPAs in Taiwan in 2000 as a target to study the effects of a CPA-firm merger on audit quality, measured by discretionary accruals. Diwan, Ernst & Young and J.T. Lai & Co., CPAs belonged to Big 5 and non-Big 5 CPA firms in Taiwan, respectively, before they merged. The magnitudes of the increased size and reputation caused by the merger are different between the two firms. Therefore, we also analyse whether the merger has different effects on audit quality of these two firms. The empirical evidence shows that after the merger, the discretionary accruals of the two firms' clients significantly decrease. In addition, the magnitude of the change is greater for the clients of J.T. Lai & Co., CPAs than for those of Diwan, Ernst & Young. The results are consistent with predictions of both size and reputation effect hypotheses.
語言 en
ISSN 0963-8180; 1468-4497
期刊性質 國外
收錄於 SSCI
通訊作者 Liu, Chia-Wen
國別 GBR
出版型式 紙本

機構典藏連結 ( )