CPA Re-engagement and Audit Quality

• Main Authors: Yu-Jung Yang, 楊又蓉
• Other Authors: Yue-Duan Guan
• Format: Others
• Language: zh-TW
• Published: 2010
• Online Access: http://ndltd.ncl.edu.tw/handle/09659830382679865059

碩士 === 銘傳大學 === 會計學系碩士班 === 98 === This study aims to explore the factors that affect CPA re-engagement and examine the relationship between CPA re-engagement and audit quality. Abnormal accruals are used to proxy audit quality and 2003 and 2004 are used as my analytical year respectively. This study uses the two-stage procedure proposed by Heckman (1979) to examine whether self-selection will affect CPA re-engagement. Empirical results show that the deviation between voting rights and cash flow reduces the likelihood of CPA re-engagement. However, the directional impact of independent director proportion and duality of CEO on CPA re-engagement is not consistent for different analytical year. The empirical results show that CPA re-engagement has no significant association with discretionary accruals. Furthermore, the empirical findings also show that the earlier the CPA re-engagement, the lower the earnings management magnitude.