A market test of investor reaction to disagreements

A market test of investor reaction to disagreements

The SEC currently requires that firms disclose recent disagreements with their auditors over accounting or auditing matters when a change in auditor is reported. The effectiveness and usefulness of requirements to disclose disagreements have been questioned, and previous empirical research on the is...

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Veröffentlicht in:Journal of accounting & economics 1982-10, Vol.4 (2), p.109-120
Hauptverfasser: Smith, David B., Nichols, Donald R.
Format: Artikel
Sprache:eng
Schlagworte:
Auditors
Changes
Conflict
Disclosure
Form 8-K
Information
SEC filing requirements
Statistical analysis
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container_end_page 120
container_issue 2
container_start_page 109
container_title Journal of accounting & economics
container_volume 4
creator Smith, David B.
Nichols, Donald R.
description The SEC currently requires that firms disclose recent disagreements with their auditors over accounting or auditing matters when a change in auditor is reported. The effectiveness and usefulness of requirements to disclose disagreements have been questioned, and previous empirical research on the issue has been inconclusive. This study investigates the information content of disclosure of the auditor-firm disagreements. The analysis indicates a significant negative market reaction in the week that the Form 8-K is filed with the SEC. This finding is consistent with the position that the disclosure provides information useful to investors.
doi_str_mv 10.1016/0165-4101(82)90016-7
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identifier ISSN: 0165-4101
ispartof Journal of accounting & economics, 1982-10, Vol.4 (2), p.109-120
issn 0165-4101
1879-1980
language eng
recordid cdi_proquest_journals_213078612
source RePEc; Periodicals Index Online; ScienceDirect Journals (5 years ago - present)
subjects Auditors
Changes
Conflict
Disclosure
Form 8-K
Information
SEC filing requirements
Statistical analysis
title A market test of investor reaction to disagreements
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