dc.contributor.author |
Naiker, Vicky |
en |
dc.contributor.author |
Sharma, D |
en |
dc.date.accessioned |
2012-03-08T20:41:59Z |
en |
dc.date.issued |
2009 |
en |
dc.identifier.citation |
The Accounting Review 84(2):559-587 2009 |
en |
dc.identifier.issn |
0001-4826 |
en |
dc.identifier.uri |
http://hdl.handle.net/2292/13533 |
en |
dc.description.abstract |
This study examines the association between internal control deficiencies (ICDs) reported under Section 404 of the Sarbanes-Oxley Act (SOX, U.S. House of Representatives 2002) and the presence of former audit partners on the audit committee who are affiliated (AFAPs) and unaffiliated (UFAPs) with the firm’s external auditor. We find a negative association between AFAPs and UFAPs on the audit committee and ICDs. We also find results that suggest the NYSE and NASDAQ three-year ‘‘cooling-off’’ rule applying to AFAPs may be unwarranted and deserves further empirical and regulatory attention. Further tests suggest AFAPs do not allow management to circumvent the disclosure of ICDs when conditions appear to suggest this may be so, and that AFAPs are negatively related to performance-adjusted discretionary accruals. Collectively, we interpret these findings to suggest that AFAPs and UFAPs on the audit committee are associated with more effective monitoring of internal controls and financial reporting. |
en |
dc.publisher |
American Accounting Association |
en |
dc.relation.ispartofseries |
Accounting Review |
en |
dc.rights |
Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. Details obtained from http://www.sherpa.ac.uk/romeo/issn/0001-4826/ |
en |
dc.rights.uri |
https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm |
en |
dc.title |
Former Audit Partners on the Audit Committee and Internal Control Deficiencies |
en |
dc.type |
Journal Article |
en |
dc.identifier.doi |
10.2308/accr.2009.84.2.559 |
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pubs.issue |
2 |
en |
pubs.begin-page |
559 |
en |
pubs.volume |
84 |
en |
dc.rights.holder |
Copyright: American Accounting Association |
en |
pubs.end-page |
587 |
en |
dc.rights.accessrights |
http://purl.org/eprint/accessRights/RestrictedAccess |
en |
pubs.subtype |
Article |
en |
pubs.elements-id |
95472 |
en |
pubs.record-created-at-source-date |
2010-09-01 |
en |