題目：Reporting Quality and Audit Engagement Risk of Investment Companies
主講人：Charles Y. Tang 教授 （Pace University）
時(shí) 間：2016年12月26日（周一）下午14：00-15：30
地 點(diǎn)：主樓 418會(huì)議室
主講人簡(jiǎn)介：
Charles Y. Tang，He graduated from Stan Ross Department of Accountancy, Baruch College, City University of New York and got Ph.D degreein 1994. He also got Accountancy Master of Philosophy at Stan Ross Department of Accountancy, Baruch College, City University of New York, in 1992. He have published many papers in top journal, such as Journal of Accounting and Economics.
內(nèi)容簡(jiǎn)介：
Despite the massive scale and the rapid growth in the investment management market in the U.S., we know very little about the reporting quality and audit engagement risk of investment companies. We evaluate the quality of reporting of investment companies based on various financial reporting metrics and based on the auditor size, audit pricing, audit planning, and audit opinion. First, using an accruals-based measure, the quality of internal controls, and material misstatements as alternative constructs for reporting quality, we find evidence consistent with investment companies having superior financial reporting quality. Second, relative to other companies, investment companies are more likely to retain a Big 4, pay lower audit fees, have shorter audit report lags, are less likely to receive a modified going concern opinion, and their auditors are less involved in federal lawsuits, which suggest lower engagement risk and therefore higher reporting quality. Our results suggest that the competitive nature of the industry, organizational structure, regulation, and public scrutiny collectively lead to more transparent reporting in the investment management industry.
（承辦：會(huì)計(jì)系，科研與學(xué)術(shù)交流中心）
