دانلود مقاله اهمیت اندازه دفتر در تصمیمات پذیرش مشتری
چکیده
مقدمه
مرور مطالعات پیشین و توسعه فرضیه
تخمین تجربی
نتایج تجربی
نتیجه گیری و محدودیت ها
منابع
Abstract
Introduction
Literature review and hypothesis development
Empirical estimation
Empirical results
Conclusions and limitations
References
چکیده
این مطالعه بررسی می کند که آیا اندازه دفتر شرکت حسابرسی بر تحمل ریسک حسابرسان در تصمیم گیری برای پذیرش مشتری تأثیر می گذارد یا خیر. با تجزیه و تحلیل پورتفولیوهای مشتریان سهامی عام 4 شرکت حسابرسی بزرگ از سال 2003 تا 2012، متوجه شدیم که دفاتر 4 بزرگ بزرگ کمتر مشتریانی با ریسک حسابرسی بالا را می پذیرند. این امر به ویژه زمانی صادق است که حسابرسان با محدودیت‌های ظرفیت موقت ناشی از شوک تقاضای برون‌زا توسط SOX 404 در طول دوره پس از SOX 404/قبل از AS5 (2003-2007) مواجه شوند. با این حال، ارتباط منفی بین اندازه دفتر و در نظر گرفتن ریسک در تصمیمات پذیرش مشتری زمانی که AS5 همراه با رکود مالی منجر به مازاد ظرفیت موقت در دوره پس از AS5 / بحران مالی (2008-2012) می‌شود، کاهش می‌یابد.
توجه! این متن ترجمه ماشینی بوده و توسط مترجمین ای ترجمه، ترجمه نشده است.
Abstract
This study examines whether audit firm office size affects auditors’ risk tolerance in making client acceptance decisions. Analyzing publicly traded client portfolios of the Big 4 audit firms from 2003 to 2012, we find that large Big 4 offices are less likely to accept clients with high audit risk. This is particularly true when auditors face temporary capacity constraints arising from the exogenous demand shock by SOX 404 during the post-SOX 404/pre-AS5 period (2003–2007). However, the negative association between office size and risk consideration in client acceptance decisions attenuates when AS5 coupled with the financial recession results in a temporary capacity surplus in the post-AS5/financial crisis period (2008–2012).
Introduction
There has been a transformation of the auditing profession since the failures of Enron and Arthur Andersen and the subsequent enactment of the Sarbanes–Oxley Act (SOX) in 2002. Auditors are under greater scrutiny by regulators, media, and investors. The cost of professional liability insurance has also increased because auditors face higher litigation risks.1 In response to greater scrutiny and higher insurance costs, auditors take measures to mitigate litigation risk and maintain reputation. As such, auditors regularly reassess the risk of their client portfolio and pursue/retain clients with lower risks that provide proftable returns from limited resources (GAO 2006; Kaplan and Williams 2012; Rama and Read 2006). Auditors also require clients to adopt more conservative reporting strategies to reduce their frm’s litigation risk (Cahan and Zhang 2006; Krishnan 2007). Additionally, the sudden availability of Arthur Andersen clients and the audit demands created by SOX resulted in a temporary capacity constraint, thereby increasing the cost of misalignment, and creating a unique opportunity for Big N auditors to rebalance their client portfolios (Landsman et al. 2009).
Conclusions and limitations
This study examines whether large audit frm ofces have diferent risk preferences in making client acceptance decisions. We further analyze whether the efect of ofce size on risk consideration in client acceptance decisions changes due to exogenous capacity shocks. We fnd that large Big 4 ofces are less likely to accept clients with high audit risk. This is consistent with the notion that large auditors face greater losses from an audit failure than smaller auditors do in terms of reputation declines (Jones and Raghunandan 1998). Moreover, the fndings suggest that large ofces are less likely to accept risky clients when auditors face capacity constraints arising from the exogenous demand shock by SOX 404 in the post-SOX 404/pre-AS5 period (2003–2007). However, the negative efect of ofce size on risk consideration in client acceptance decisions becomes weaker when AS5 together with the fnancial recession result in surplus capacity for auditors in the post-AS5/fnancial crisis period (2008–2012). This suggests that exogenous capacity shocks such as the adoption of SOX 404 and AS5 and the fnancial recession are important factors afecting auditor’s capacity, and therefore infuence audit frms’ client acceptance decisions.
H1 Ofce size afects the association between risk consideration and client acceptance decisions
H2 The efect of audit frm ofce size on the association between risk consideration and client acceptance decisions difers in response to changes in capacity stemming from the exogenous shocks