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Audit quality : earnings management in the context of the 1997 Asian crisis

Johl, Shireenjit, Jubb, Christine A. and Houghton, Keith A. 2003, Audit quality : earnings management in the context of the 1997 Asian crisis, in Proceedings of the 2003 Illinois International Accounting Summer Conference, College of Business at Illinois, [Champaign, Ill.], pp. 1-44.

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Title Audit quality : earnings management in the context of the 1997 Asian crisis
Author(s) Johl, Shireenjit
Jubb, Christine A.
Houghton, Keith A.
Conference name Illinois International Accounting Summer Conference (2003 : Göttingen, Germany)
Conference location Göttingen, Germany
Conference dates 18 - 20 June 2003
Title of proceedings Proceedings of the 2003 Illinois International Accounting Summer Conference
Publication date 2003
Start page 1
End page 44
Publisher College of Business at Illinois
Place of publication [Champaign, Ill.]
Summary This study assumes that evidence regarding audit quality can be derived from the level of earnings management reflected in reported abnormal or discretionary accruals. Given this assumption, audit quality is examined in the context of the 1997 Asian financial crisis using data from Malaysia. Examining audit quality in its association with earnings management across differential macroeconomic periods provides insights that may be otherwise masked. The period of the crisis is partitioned between pre-crisis (1994-1996), crisis (1997-1998) and post-crisis (1999). Using a robust approach to the measurement of abnormal accruals, the association of Big 5/non-Big 5 and Industry Specialist/Industry non-specialist auditors with both the levels of, and change in levels of, abnormal accruals is investigated across and within the crisis sub-periods from 1994-1999. Audit quality is found to be associated with abnormal accruals, and differentially so across macroeconomic period with greater constraint evident post-crisis.
Language eng
Field of Research 150102 Auditing and Accountability
HERDC Research category E1.1 Full written paper - refereed
Persistent URL http://hdl.handle.net/10536/DRO/DU:30024261

Document type: Conference Paper
Collection: School of Accounting, Economics and Finance
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