NON-AUDIT SERVICES, AUDIT QUALITY, AND FINANCIAL STATEMENT RESTATEMENTS: EVIDENCE FROM CHINESE LISTED COMPANIES DOI Open Access
Fang Wang, Mohd Mohid Rahmat

Asian Journal of Accounting and Governance, Journal Year: 2023, Volume and Issue: 20

Published: Oct. 1, 2023

This study examines the relationship between provision of non-audit service (NAS) and financial statement restatements (FSR) among companies in China. Concerns were raised that NAS to same audit clients is more likely result a restatement statements. also tests direct moderating effect quality (AQ), measured as Big 4 Local Top-10 on The China localization policy international firms increases importance exploring impact FSR. analyzes sample 13,676 observations for period 2010 2021 from China-listed companies. found was restate statements, which consistent with belief compromises independence. finds reduce potential FSR but no evidence derived firms. Nevertheless, interaction AQ, either or did not weaken results have aroused thinking practitioners, where they need limit their investment remain AQ. study’s contribution novel demonstrate AQ management listed Keywords: Non-audit services; AQ; restatements; China; fee

Language: Английский

Consequences of Key Audit Matters in Emerging Economies: Evidence from Hong Kong and Mainland China DOI
Lin Liao, Miguel Minutti‐Meza, Valbona Sulcaj

et al.

SSRN Electronic Journal, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 1, 2024

Download This Paper Open PDF in Browser Add to My Library Share: Permalink Using these links will ensure access this page indefinitely Copy URL DOI

Language: Английский

Citations

4
NON-AUDIT SERVICES, AUDIT QUALITY, AND FINANCIAL STATEMENT RESTATEMENTS: EVIDENCE FROM CHINESE LISTED COMPANIES DOI Open Access
Fang Wang, Mohd Mohid Rahmat

Asian Journal of Accounting and Governance, Journal Year: 2023, Volume and Issue: 20

Published: Oct. 1, 2023

This study examines the relationship between provision of non-audit service (NAS) and financial statement restatements (FSR) among companies in China. Concerns were raised that NAS to same audit clients is more likely result a restatement statements. also tests direct moderating effect quality (AQ), measured as Big 4 Local Top-10 on The China localization policy international firms increases importance exploring impact FSR. analyzes sample 13,676 observations for period 2010 2021 from China-listed companies. found was restate statements, which consistent with belief compromises independence. finds reduce potential FSR but no evidence derived firms. Nevertheless, interaction AQ, either or did not weaken results have aroused thinking practitioners, where they need limit their investment remain AQ. study’s contribution novel demonstrate AQ management listed Keywords: Non-audit services; AQ; restatements; China; fee

Language: Английский

Citations

0