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dc.contributor.authorSchultz, Wendy
dc.contributor.otherQueen's University (Kingston, Ont.). Theses (Queen's University (Kingston, Ont.))en
dc.date.accessioned2017-03-01T18:56:24Z
dc.date.available2017-03-01T18:56:24Z
dc.identifier.urihttp://hdl.handle.net/1974/15410
dc.description.abstractUsing the setting where auditors of foreign companies cross-listed on U.S. stock exchanges are subject to Public Company Accounting Oversight Board (PCAOB) inspection after July 19, 2004, I examine the impact of PCAOB international inspections and audit profession development (APD) on audit quality. I hypothesize and find that PCAOB inspection access in a country is associated with a decrease in total accruals. In countries with higher levels of APD, the first PCAOB inspections conducted in a country are associated with an incremental decrease in total and abnormal accruals. In countries with lower levels of APD, total and abnormal accruals are incrementally smaller (less income-increasing) for the firms that have been inspected relative to the firms that are not inspected, consistent with my prediction. The results of the going concern analysis indicate that for distressed companies in countries with low APD, the propensity to issue a going concern opinion is significantly higher after PCAOB inspection access is granted. Contrary to my prediction, however, the propensity to issue a going concern opinion is incrementally lower for the firms that have been inspected relative to the firms that are not inspected, in low APD countries. However, overall, the propensity to issue a going concern opinion is higher after PCAOB inspection access, the commencement of PCAOB inspections in a country, and being the inspected audit firm, as compared to the pre-PCAOB inspection access period, for distressed companies in countries with low APD. The international inspection issue has received much regulatory attention. The PCAOB has claimed that U.S. investors “are deprived of the potential benefits of PCAOB inspections” of the auditors in jurisdictions where PCAOB inspections are not permitted (PCAOB, 2011b). The findings in my study provide some evidence that PCAOB international inspections are associated with one of these potential benefits, increased audit quality.en_US
dc.language.isoenen_US
dc.relation.ispartofseriesCanadian thesesen
dc.rightsQueen's University's Thesis/Dissertation Non-Exclusive License for Deposit to QSpace and Library and Archives Canadaen
dc.rightsProQuest PhD and Master's Theses International Dissemination Agreementen
dc.rightsIntellectual Property Guidelines at Queen's Universityen
dc.rightsCopying and Preserving Your Thesisen
dc.rightsThis publication is made available by the authority of the copyright owner solely for the purpose of private study and research and may not be copied or reproduced except as permitted by the copyright laws without written authority from the copyright owner.en
dc.subjectAudit Regulationen_US
dc.subjectAudit Profession Developmenten_US
dc.subjectAudit Qualityen_US
dc.subjectAccrualsen_US
dc.subjectGoing Concernen_US
dc.subjectPCAOB International Inspectionsen_US
dc.titlePCAOB International Inspections, Audit Profession Development, and Audit Qualityen_US
dc.typeThesisen_US
dc.description.degreeDoctor of Philosophyen_US
dc.contributor.supervisorWelker, Michael Alanen
dc.contributor.departmentBusinessen


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