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

conference contribution
posted on 2003-01-01, 00:00 authored by Shireenjit Johl, Christine Jubb, K Houghton
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.

History

Event

American Accounting Association. Conference (2003 : Honolulu, Hawaii)

Publisher

American Accounting Association

Location

Honolulu, Hawaii

Place of publication

[Honolulu, Hi.]

Start date

2003-06-03

End date

2003-06-06

Language

eng

Publication classification

E1.1 Full written paper - refereed

Title of proceedings

Proceedings of the 2003 American Accounting Association conference

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