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You searched for +publisher:"Penn State University" +contributor:("Jeremiah Ross Green, Dissertation Advisor/Co-Advisor"). One record found.

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Penn State University

1. Penn, Michael Wayne. Read All About It: Do Auditors Respond to Press Visibility?.

Degree: 2012, Penn State University

I examine whether auditors respond to business press coverage. Using the number of articles covering a client firm (a proxy for visibility) I find multiple forms of evidence that auditors do respond to the visibility of their clients. I first find that auditors charge higher audit fees for clients with higher visibility incremental to other determinants of fees. These increased fees are consistent with predicted increases in auditor effort and perceived auditor business risk. The audit fee evidence is corroborated using other proxies for auditor decisions: audit report modifications, the level of accruals, and auditor turnover. The evidence suggests that auditors respond to risks driven by press coverage. Additionally, I find evidence of costs of media coverage to auditors. First, I find that the propensity for a client firm to receive an AAER from the SEC is increasing in the prior year’s visibility. Second, I find that the total revenue an auditor receives from its entire client portfolio is decreasing with the absolute dollar value of restatements by high visibility client firms. These findings indicate that auditors must consider both reputation and monetary concerns in audits of clients subject to high media visibility. I conclude that the press not only participates in the external monitoring of financial reporting, but that through its influence on official external monitors the press actually also affects financial reporting. Advisors/Committee Members: Orie Edwin Barron, Dissertation Advisor/Co-Advisor, Orie Edwin Barron, Committee Chair/Co-Chair, Jeremiah Ross Green, Dissertation Advisor/Co-Advisor, Mark William Dirsmith, Committee Member, Dan Givoly, Committee Member, Francis Erin Dardis, Committee Member.

Subjects/Keywords: Business Press; Audit Effort; Audit Fees

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APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Penn, M. W. (2012). Read All About It: Do Auditors Respond to Press Visibility?. (Thesis). Penn State University. Retrieved from https://submit-etda.libraries.psu.edu/catalog/16215

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Penn, Michael Wayne. “Read All About It: Do Auditors Respond to Press Visibility?.” 2012. Thesis, Penn State University. Accessed April 17, 2021. https://submit-etda.libraries.psu.edu/catalog/16215.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Penn, Michael Wayne. “Read All About It: Do Auditors Respond to Press Visibility?.” 2012. Web. 17 Apr 2021.

Vancouver:

Penn MW. Read All About It: Do Auditors Respond to Press Visibility?. [Internet] [Thesis]. Penn State University; 2012. [cited 2021 Apr 17]. Available from: https://submit-etda.libraries.psu.edu/catalog/16215.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Penn MW. Read All About It: Do Auditors Respond to Press Visibility?. [Thesis]. Penn State University; 2012. Available from: https://submit-etda.libraries.psu.edu/catalog/16215

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

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