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Essays on Auditor Quality and Non-GAAP Earnings.

机译:审计师素质和非GAAP收入论文。

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摘要

This dissertation investigates the quality of non-GAAP earnings and the effects of auditor quality on non-GAAP earnings disclosure. Chapter 1 provides empirical evidence that auditors may play a role in the disclosure of non-GAAP earnings. Specifically, I find that firms with high quality auditors are more likely to disclose non-GAAP earnings and their non-GAAP exclusions are more persistent, indicating the exclusions are not one-time nonrecurring items. However, I do not find a significant association between auditor quality and the likelihood of non-GAAP earnings meeting or beating financial benchmarks. Taken together, the results indicate that firms with high quality auditors are more likely to opportunistically disclose non-GAAP earnings. These findings contribute to the literature on audit quality and non-GAAP earnings, as well as to the regulatory discussion of whether non-GAAP earnings should be audited.;Chapter 2 investigates the characteristics of actual, disclosed non-GAAP exclusions. The results indicate that impairment expenses, loss, mark-down, and mark-offs, and other exclusions that increase non-GAAP earnings, are associated with the next period's operating income, indicating that these exclusions are of low quality or may be opportunistic. Stock-based compensation, amortization expenses, and restructuring costs do not predict future operating income and therefore are one-time high-quality exclusions. In addition, I find that high-quality auditors are negatively related to the quality of non-GAAP increasing exclusions. However, I do not find evidence that firms with high-quality auditors are more likely to use non-GAAP increasing exclusions to meet or beat financial benchmarks, further supporting the results presented in Chapter 1.
机译:本文研究了非GAAP收益的质量以及审计师质量对非GAAP收益披露的影响。第1章提供了经验证据,表明审计师可能在非GAAP收入披露中发挥作用。具体而言,我发现拥有高素质审计师的公司更有可能披露非公认会计准则的收益,并且其非公认会计准则的例外情况更为持久,这表明该例外情况不是一次性的非经常性项目。但是,我发现审计师素质与非GAAP收入达到或超过财务基准的可能性之间没有显着关联。两者合计,结果表明,拥有高质量审计师的公司更有可能机会性地披露非GAAP收益。这些发现有助于有关审计质量和非GAAP收益的文献,以及有关是否应审计非GAAP收益的监管讨论。第二章研究了实际披露的非GAAP排除事项的特征。结果表明,减值费用,损失,减价和折价以及其他增加非公认会计准则收入的排除项与下一时期的营业收入相关,表明这些排除项的质量较低或可能是机会性的。基于股票的薪酬,摊销费用和重组成本不能预测未来的营业收入,因此是一次性的高质量排除。此外,我发现高素质的审计师与非GAAP排除规则的质量负相关。但是,我找不到证据表明拥有高素质审计师的公司更有可能使用非公认会计准则增加的排除标准来达到或超越财务基准,从而进一步支持第1章中提出的结果。

著录项

  • 作者

    Sun, Xiaojie Christine.;

  • 作者单位

    Drexel University.;

  • 授予单位 Drexel University.;
  • 学科 Accounting.;Economic theory.
  • 学位 Ph.D.
  • 年度 2015
  • 页码 107 p.
  • 总页数 107
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

  • 入库时间 2022-08-17 11:52:13

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