...Christine Cheng; Karen M. Hennes; Pradeep Sapkota SYNOPSIS We examine the association between firms' tax planning behavior, as measured by their effective tax rates (ETRs), and financial restatements. We find that both low and high ETRs are positively related to subsequent tax-related restatements...

...Kai Chen; Darren Henderson; Christine I. Wiedman SYNOPSIS We examine changes in voluntary disclosure of balance sheet and cash flow (BS/CF) information in earnings releases after restatement announcements. We consider these disclosures to be particularly relevant in the restatement context since...

... offices restatements Diversity is about strength through differences. The thing that leaders of high-performing teams do is they put diverse teams together and they use that diversity. —Nancy Altobello  Ernst & Young Global Vice Chair The management and organizational science...

.... audit firm acquisitions audit quality restatements spillover effect office characteristics Arthur Andersen Over the last 30 years, a considerable number of audit firm acquisitions have occurred both in the United States (U.S.) and in other countries. The mergers of the Big 8 accounting...

... that collaboration culture is associated with the likelihood of reporting a material internal control weakness, while competition culture is related to a lower likelihood of an internal control weakness and a restatement. We contribute to the “cultural revolution” led by economics and finance schools of thought...

... portfolio, suggesting that cloud audit experience can reduce auditors' costs when conducting such audits. We also explore how audit lag and subsequent restatements vary cross-sectionally with cloud use. JEL Classifications: M41; M48. Data Availability: Data are available from the public sources cited...

... studies. Specifically, we examine whether an auditor's non-restating audit clients suffer collateral damage from restatements of the same auditor's other clients. If an auditor's industry specialization is valued by the market, the contagion effect should be greater for clients of industry specialist...

... restatements with larger negative market reactions. Overall, our results suggest that financial misreporting in the industry has a spillover effect on audit fees of non-misreporting peer firms. Data Availability: All data are from public sources identified in the manuscript. In this study, we examine...

... at foundations and public charities, and the Mendoza College of Business and the Deloitte Foundation for financial support. November 2013 December 2014 2015 nonprofit public charity financial reporting accounting errors restatements auditing The rate of errors varies...