Do Audit Clients Successfully Engage in Opinion Shopping? Partner-Level Evidence

doi:10.1111/1475-679X.12097

CORC > 上海财经大学 > 上海财经大学

	Do Audit Clients Successfully Engage in Opinion Shopping? Partner-Level Evidence
	Chen, Feng 1,2; Peng, Songlan 3; Xue, Shuang 4; Yang, Zhifeng 5; Ye, Feiteng 6
刊名	JOURNAL OF ACCOUNTING RESEARCH
	2016-03
卷号	54 期号:1 页码:79-112
关键词	opinion shopping partner switch audit quality individual auditor
ISSN号	0021-8456
DOI	10.1111/1475-679X.12097
英文摘要	This study investigates whether companies engage in audit opinion shopping activities by exerting influence over an audit firm's decision to switch the engagement partner (partner-level opinion shopping) in the Chinese setting, where the identities of engagement partners are publicly disclosed. Adopting the empirical framework developed by Lennox [2000], we show evidence that companies successfully engage in partner-level opinion shopping. Further, partner-level opinion shopping is more likely to be successful if a company is economically important to an audit firm, and it is less likely to be successful if the audit firm is formed as a partnership rather than a corporation. We also find that companies successfully engaging in partner-level opinion shopping exhibit significantly lower earnings quality. Finally, we directly compare audit records between incoming and outgoing partners and find that, for companies that successfully improve audit opinions after partner switching, incoming partners have a significantly higher propensity to issue clean opinions than their outgoing counterparts.
WOS研究方向	Business & Economics
语种	英语
出版者	WILEY-BLACKWELL
WOS记录号	WOS:000369844600003
内容类型	期刊论文
源URL	[http://10.2.47.112/handle/2XS4QKH4/1339]
专题	上海财经大学
通讯作者	Chen, Feng
作者单位	1.Univ Toronto, Toronto, ON M5S 1A1, Canada; 2.Univ Missouri, Columbia, MO 65211 USA; 3.York Univ, N York, ON M3J 1P3, Canada; 4.Shanghai Univ Finance & Econ, Shanghai, Peoples R China; 5.City Univ Hong Kong, Hong Kong, Peoples R China; 6.Shanghai Lixin Univ Commerce, Shanghai, Peoples R China
推荐引用方式 GB/T 7714	Chen, Feng,Peng, Songlan,Xue, Shuang,et al. Do Audit Clients Successfully Engage in Opinion Shopping? Partner-Level Evidence[J]. JOURNAL OF ACCOUNTING RESEARCH,2016,54(1):79-112.
APA	Chen, Feng,Peng, Songlan,Xue, Shuang,Yang, Zhifeng,&Ye, Feiteng.(2016).Do Audit Clients Successfully Engage in Opinion Shopping? Partner-Level Evidence.JOURNAL OF ACCOUNTING RESEARCH,54(1),79-112.
MLA	Chen, Feng,et al."Do Audit Clients Successfully Engage in Opinion Shopping? Partner-Level Evidence".JOURNAL OF ACCOUNTING RESEARCH 54.1(2016):79-112.