https://scholars.lib.ntu.edu.tw/handle/123456789/493986
標題: | CPA-Firm Merger: An Investigation of Audit Quality | 作者: | Wang T. CHIA-WEN LIU Jennifer Chang C.-H. |
公開日期: | 2011 | 卷: | 20 | 期: | 4 | 起(迄)頁: | 727-761 | 來源出版物: | European Accounting Review | 摘要: | It would be interesting to know how the theories and hypotheses in auditing developed for a mature economy work in an emerging market. This paper uses the merger of Diwan, Ernst & Young and J.T. Lai & Co., CPAs in Taiwan in 2000 as a target to study the effects of a CPA-firm merger on audit quality, measured by discretionary accruals. Diwan, Ernst & Young and J.T. Lai & Co., CPAs belonged to Big 5 and non-Big 5 CPA firms in Taiwan, respectively, before they merged. The magnitudes of the increased size and reputation caused by the merger are different between the two firms. Therefore, we also analyse whether the merger has different effects on audit quality of these two firms. The empirical evidence shows that after the merger, the discretionary accruals of the two firms' clients significantly decrease. In addition, the magnitude of the change is greater for the clients of J.T. Lai & Co., CPAs than for those of Diwan, Ernst & Young. The results are consistent with predictions of both size and reputation effect hypotheses. © 2011 European Accounting Association. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/493986 | ISSN: | 09638180 | DOI: | 10.1080/09638180.2011.600485 |
顯示於: | 會計學系 |
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