In this study,we examine the effects of the transformation of accounting firms’organizational form on audit quality.We find that the transformation from limited liability to limited liability partnerships has a signi...In this study,we examine the effects of the transformation of accounting firms’organizational form on audit quality.We find that the transformation from limited liability to limited liability partnerships has a significant negative effect on the absolute value of discretionary accruals of audited companies.In particular,the transformation has a significant negative effect on positive discretionary accruals and no effect on negative discretionary accruals.We also find that CPAs are more likely to issue modified audit opinions in the year after the transformation,and that there is no evidence that accounting firm size and listed company ownership influence the relationship between the transformation and audit quality.Our conclusions provide empirical evidence for policy makers and enrich the literature on accounting firms’organizational forms.展开更多
We aim to demystify digitalization in accounting(DIA)based on the case study of Ash Cloud,a digital factory in Shenzhen,China.From the perspective of dynamic capabilities,we develop the“momentum”theory of DIA to ill...We aim to demystify digitalization in accounting(DIA)based on the case study of Ash Cloud,a digital factory in Shenzhen,China.From the perspective of dynamic capabilities,we develop the“momentum”theory of DIA to illustrate that firm and executive characteristics drive digital transformation and organizational capabilities.Ash Cloud’s CEO values and cultivates an organizational culture of transparency and openness,while the firm is characterized by cost pressures.Organizational capabilities shape digitalization in business processes and different approaches to DIA.Our findings suggest that the core competence of Ash Cloud is its capability for systems integration,which includes knowledge of redesign,reconfiguration and redefinition.Ash Cloud stands out because of its knowledge extending beyond the firm’s boundaries.展开更多
基金supported by the National Natural Science Foundation of China under the following grants(No.71302131No.71132004 and No.71172029)+3 种基金the MOE Project of Humanities and Social Sciences(13YJC630160)the Beijing Municipal Commission of Education"Joint Construction Project"and"Pilot Reform of Accounting Discipline Clustering"the Youth Innovation Team Support Plan of Central University of Finance and Economics(research direction:Empirical Accounting and Auditing)the"2011 Synergetic Innovation"Key Project on"Development of Public Accounting Profession"for the Central University of Finance and Economics,China
文摘In this study,we examine the effects of the transformation of accounting firms’organizational form on audit quality.We find that the transformation from limited liability to limited liability partnerships has a significant negative effect on the absolute value of discretionary accruals of audited companies.In particular,the transformation has a significant negative effect on positive discretionary accruals and no effect on negative discretionary accruals.We also find that CPAs are more likely to issue modified audit opinions in the year after the transformation,and that there is no evidence that accounting firm size and listed company ownership influence the relationship between the transformation and audit quality.Our conclusions provide empirical evidence for policy makers and enrich the literature on accounting firms’organizational forms.
基金financial support from the“Fostering World-Class Enterprises”program,School of Business,Renmin University of China,2022
文摘We aim to demystify digitalization in accounting(DIA)based on the case study of Ash Cloud,a digital factory in Shenzhen,China.From the perspective of dynamic capabilities,we develop the“momentum”theory of DIA to illustrate that firm and executive characteristics drive digital transformation and organizational capabilities.Ash Cloud’s CEO values and cultivates an organizational culture of transparency and openness,while the firm is characterized by cost pressures.Organizational capabilities shape digitalization in business processes and different approaches to DIA.Our findings suggest that the core competence of Ash Cloud is its capability for systems integration,which includes knowledge of redesign,reconfiguration and redefinition.Ash Cloud stands out because of its knowledge extending beyond the firm’s boundaries.
