The effects of audit technology on auditor efficiency: Auditing and the timeliness of client earnings announcements |
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| Institution: | 2. Faculty of Accounting, College of Business, The Ohio State University, Columbus, OH 43210, USA;3. The Pennsylvania State University, 208 Beam Business Administration Building, University Park, PA 16802, U.S.A.;2. Faculty of Accounting, College of Business, The Ohio State University, Columbus, OH 43210, USA;3. The Pennsylvania State University, 208 Beam Business Administration Building, University Park, PA 16802, U.S.A.;1. Leavey School of Business, Santa Clara University, Santa Clara, CA 95053, USA;2. Strome College of Business, Old Dominion University, Norfolk, VA 23529, USA;3. Smeal College of Business, Penn State University, University Park, PA 16802, USA;1. Wilbur and Ann Powers College of Business, Clemson University, Clemson, SC, 29634, USA;2. Farmer School of Business, Miami University, Oxford, OH, 45056, USA;3. W.P. Carey School of Business, Arizona State University, Tempe, AZ, 85287, USA;1. Trinity Business School, Trinity College Dublin, Dublin 2, Ireland;2. College of Business, University College Dublin, Ireland;3. School of Business, Waterford Institute of Technology, Ireland;1. University of Arizona, United States;2. Korea University Business School, Korea;3. Arizona State University, United States;4. University of Oklahoma, United States;5. University of Melbourne, Australia;6. Financial Research Network (FIRN), Australia |
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| Abstract: | The organizational theory and sociology literatures have long been concerned with the concept of structure, both as a dependent and an independent variable. Relatively recently, auditing researchers have found that public accounting firms differ in the degree of structure their audit technologies exhibit, and that the voting pattern of the Auditing Standards Board appears to be influenced by its members' firm affiliations with respect to their structure orientation. To date, however, the influence of accounting firm structure on client financial reporting characteristics has not been to subjected study.The purpose of this article is to examine hypothesized relationships between the structure orientation of public accounting firms and client earnings announcement dates, expressed in terms of “early” vs “late”. In addition, the impact of the nature of information conveyed, expressed in terms of surprise “good news” or “bad news”, is studied. Empirical evidence drawn from the Wall Street Journal Index, COMPUSTAT and a prior classification of Big Eight firm audit technologies with respect to structure, suggests that systematic relationships do exist. Implications for future research and audit practice are discussed. |
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