原创力文档do reviews by external auditors improve the information content of interim financial statements：（做评论由外部审计人员提高中期财务报表的信息内容）.pdfVIP
- 1、原创力文档（book118）网站文档一经付费（服务费），不意味着购买了该文档的版权，仅供个人/单位学习、研究之用，不得用于商业用途，未经授权，严禁复制、发行、汇编、翻译或者网络传播等，侵权必究。。
- 2、本站所有内容均由合作方或网友上传，本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺！文档内容仅供研究参考，付费前请自行鉴别。如您付费，意味着您自己接受本站规则且自行承担风险，本站不退款、不进行额外附加服务；查看《如何避免下载的几个坑》。如果您已付费下载过本站文档，您可以点击 这里二次下载。
- 3、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等，请点击“版权申诉”（推荐），也可以打举报电话：400-050-0827(电话支持时间：9:00-18:30)。
- 4、该文档为VIP文档，如果想要下载，成为VIP会员后，下载免费。
- 5、成为VIP后，下载本文档将扣除1次下载权益。下载后，不支持退款、换文档。如有疑问请联系我们。
- 6、成为VIP后，您将拥有八大权益，权益包括：VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
- 7、VIP文档为合作方或网友上传，每下载1次， 网站将根据用户上传文档的质量评分、类型等，对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档
查看更多
do reviews by external auditors improve the information content of interim financial statements：（做评论由外部审计人员提高中期财务报表的信息内容）
Available online at
ScienceDirect
The International Journal of Accounting 51 (2016) 23 – 50
Do Reviews by External Auditors
Improve the Information Content of
Interim Financial Statements?☆
1 1 ⁎
Peter Kajüter , Florian Klassmann , Martin Nienhaus
University of Münster, Chair of International Accounting, Universitätsstr. 14-16, 48143 Münster, Germany
Received 20 April 2015
Available online 15 February 2016
Abstract
In the last decades, regulators around the world have increasingly mandated stricter assurance
requirements for interim reporting. In several countries, firms must have their interim financial
statements reviewed by an external auditor. However, there is little evidence to indicate whether
auditor assurance is desirable for interim financial statements. We address this gap and analyze
whether investors care about a review of interim financial statements. By exploiting a setting in which
firms can voluntarily decide to buy a review, we find that the publication of reviewed interim
financial statements causes more abnormal return volatility as well as abnormal trading volume than
the publication of un-reviewed interim financial statements. Additional analyses reveal that the
increase in information content is largely driven by a signaling effect of the review rather than by an
increase in earnings quality. The findings inform the current political debate of mandating reviews for
interim financial statements in several jurisdictions.
© 2016 University of Illinois. All rights reserved.
JEL classification: M40
Key
您可能关注的文档
- Discovery of deoxyvasicinone derivatives as inhibitors of NEDD8-activating enzyme：（发现deoxyvasicinone衍生品作为NEDD8-activating酶的抑制剂）.pdf
- Discovery of BRD4 bromodomain inhibitors by fragment-based high-throughput docking：（发现fragment-based BRD4 bromodomain抑制剂的高通量对接）.pdf
- discovery of highly reactive peptide tag by elisa-type screening for specific cysteine conjugation：（发现高活性肽标签elisa-type筛查特定的半胱氨酸接合）.pdf
- discovery of highly conserved unique peanut and tree nut peptides by lc–msms for multi-allergen detection：（发现树高度保守的独特的花生和坚果肽信用证）.pdf
- discovery of host-targeted covalent inhibitors of dengue virus：（登革热病毒的发现host-targeted共价抑制剂）.pdf
- discovery of diverse and functional antibodies from large human repertoire antibody libraries：（人类发现的多样化和功能抗体从大型曲目抗体库）.pdf
- discovery of discriminatory quality control markers for chinese herbal medicines and related processed products by combination of chromatographic analysis and chemometrics methods radix scutellariae a：（发现歧视中国中药质量控制指标和相关加工产品的组合色谱分析和化学计量学方法黄芩）.pdf
- discovery of furan carboxylate derivatives as novel inhibitors of atp-citrate lyase via virtual high-throughput screening：（发现呋喃羧酸盐衍生物新型抑制剂的atp柠檬酸裂解酶通过虚拟大规模筛选）.pdf
- discovery of hyaluronidase inhibitors from natural products and their mechanistic characterization under dmso-perturbed assay conditions：（透明质酸酶抑制剂的发现来自天然产物及其dmso-perturbed试验条件下的机械特性）.pdf
- discovery of efficient stimulators for adult hippocampal neurogenesis based on scaffolds in dragon's blood：（发现成人海马神经发生基于有效刺激器支架在龙的血液）.pdf
- do rye product structure, product perceptions and oral processing modulate satiety：（黑麦做产品结构、产品认知和口头处理调节饱腹感）.pdf
- do staged maturity models result in organization-wide continuous process improvement insight from employees：（做了成熟度模型结果从员工在组织范围内持续的过程改进的洞察力）.pdf
- does liking explain variance above and beyond lmx a meta-analysis：（并喜欢解释方差超出lmx荟萃分析）.pdf
- does the forensic physician have a role beyond injury documentation and specimen collection in australia a personal view：（法医的医生有一个角色在澳大利亚除了受伤的文档和样本采集个人观点）.pdf
- double-diffusive hadley–prats flow in a horizontal porous layer with a concentration based internal heat source：（double-diffusive哈德利）.pdf
- divide-and-conquer based summarization framework for extracting affective video content：（基于分治法总结提取情感视频内容的框架）.pdf
- double span floating point representation scheme for the powers-of-two filter：（双跨浮点表示方案2的幂次方,过滤器）.pdf
- downstream migration of atlantic salmon smolts past a low head hydropower station equippped with archimedes screw and francis turbines：（下游迁移大西洋鲑鱼溯河洄游过去的低水头水电站equippped阿基米德螺旋和弗朗西斯涡轮机）.pdf
- drag and heat flux reduction mechanism of blunted cone with aerodisks：（阻力和减少热通量的钝化机制与aerodisks锥）.pdf
- downstream drug product processing of itraconazole nanosuspension factors influencing drug particle size and dissolution from nanosuspension-layered beads：（下游药品处理伊曲康唑nanosuspension药物粒径影响因素和解散nanosuspension-layered珠子）.pdf
文档评论（0）