Fraud Type and Auditor Litigation: An Analysis of SEC Accounting and Auditing Enforcement Releases
This study examines whether certain types of financial reporting fraud result in a higher likelihood of litigation against independent auditors. We expect that auditors are more likely to be judged responsible for failing to detect commonly occurring frauds or those that stem from fictitious transac...
Gespeichert in:
| Veröffentlicht in: | The Accounting review 1998-10, Vol.73 (4), p.503-532 |
|---|---|
| Hauptverfasser: | , , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 532 |
|---|---|
| container_issue | 4 |
| container_start_page | 503 |
| container_title | The Accounting review |
| container_volume | 73 |
| creator | Bonner, Sarah E. Palmrose, Zoe-Vonna Young, Susan M. |
| description | This study examines whether certain types of financial reporting fraud result in a higher likelihood of litigation against independent auditors. We expect that auditors are more likely to be judged responsible for failing to detect commonly occurring frauds or those that stem from fictitious transactions. We examine companies with SEC Accounting and Auditing Enforcement Releases and designate whether each fraud present in their financial statements is common and/or arises from fictitious transactions. We then examine whether these types of fraud are related to auditor litigation in analyses that control for various client, auditor and case characteristics. Our results provide some support for our two primary hypotheses-auditors are more likely to be sued when the financial statement frauds are of a common variety or when the frauds arise from fictitious transactions. |
| format | Article |
| fullrecord | <record><control><sourceid>jstor_proqu</sourceid><recordid>TN_cdi_proquest_miscellaneous_38673525</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><jstor_id>248188</jstor_id><sourcerecordid>248188</sourcerecordid><originalsourceid>FETCH-LOGICAL-g344t-3cce7bfc7b46e068072d2ee93ee14b02dbf7cc7c3ae5d9f782ae53b56be9ebcc3</originalsourceid><addsrcrecordid>eNp10F9LwzAQAPAiCs7pJ_AlKPhWyP-kvpWxqTAQdD6XJL2OjC6ZTfuwb29kgiAIB3cHvzu4OytmRAhdqkqq82KGMSYl11ReFlcp7XLLZUVmhV0NZmrR5ngAZEKL6qn1YxzQ2o9-a0YfwyOqQw7TH5NPKHbofblAtXNxCqMP29-p72YZujg42EMY0Rv0YBKk6-KiM32Cm588Lz5Wy83iuVy_Pr0s6nW5ZZyPJXMOlO2cslwClhor2lKAigEQbjFtbaecU44ZEG3VKU1zwayQFiqwzrF58XDaexji5wRpbPY-Oeh7EyBOqWFaKiaoyPDuD9zFacgXpoYSLTgRkmZ0_x8inEiCK4VlVrcntUv5a81h8HszHBvKNdGafQHnvnU7</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>218541562</pqid></control><display><type>article</type><title>Fraud Type and Auditor Litigation: An Analysis of SEC Accounting and Auditing Enforcement Releases</title><source>Periodicals Index Online</source><source>EBSCOhost Business Source Complete</source><source>JSTOR Archive Collection A-Z Listing</source><creator>Bonner, Sarah E. ; Palmrose, Zoe-Vonna ; Young, Susan M.</creator><creatorcontrib>Bonner, Sarah E. ; Palmrose, Zoe-Vonna ; Young, Susan M.</creatorcontrib><description>This study examines whether certain types of financial reporting fraud result in a higher likelihood of litigation against independent auditors. We expect that auditors are more likely to be judged responsible for failing to detect commonly occurring frauds or those that stem from fictitious transactions. We examine companies with SEC Accounting and Auditing Enforcement Releases and designate whether each fraud present in their financial statements is common and/or arises from fictitious transactions. We then examine whether these types of fraud are related to auditor litigation in analyses that control for various client, auditor and case characteristics. Our results provide some support for our two primary hypotheses-auditors are more likely to be sued when the financial statement frauds are of a common variety or when the frauds arise from fictitious transactions.</description><identifier>ISSN: 0001-4826</identifier><identifier>EISSN: 1558-7967</identifier><identifier>CODEN: ACRVAS</identifier><language>eng</language><publisher>Menasha, Wis: American Accounting Association</publisher><subject>Accountants liability ; Accounting ; Accounting fraud ; Audit engagements ; Auditing ; Auditors ; Business accounting ; Business audits ; Control variables ; Enforcement ; Financial reporting ; Fraud ; Fraudulent conveyance ; Hypotheses ; Juries ; Legislation ; Litigation ; Multivariate analysis ; Research fraud ; SEC regulations ; State court decisions ; Tax audits ; Tax fraud</subject><ispartof>The Accounting review, 1998-10, Vol.73 (4), p.503-532</ispartof><rights>Copyright 1998 American Accounting Association</rights><rights>Copyright American Accounting Association Oct 1998</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.jstor.org/stable/pdf/248188$$EPDF$$P50$$Gjstor$$H</linktopdf><linktohtml>$$Uhttps://www.jstor.org/stable/248188$$EHTML$$P50$$Gjstor$$H</linktohtml><link.rule.ids>314,780,784,803,27869,58017,58250</link.rule.ids></links><search><creatorcontrib>Bonner, Sarah E.</creatorcontrib><creatorcontrib>Palmrose, Zoe-Vonna</creatorcontrib><creatorcontrib>Young, Susan M.</creatorcontrib><title>Fraud Type and Auditor Litigation: An Analysis of SEC Accounting and Auditing Enforcement Releases</title><title>The Accounting review</title><description>This study examines whether certain types of financial reporting fraud result in a higher likelihood of litigation against independent auditors. We expect that auditors are more likely to be judged responsible for failing to detect commonly occurring frauds or those that stem from fictitious transactions. We examine companies with SEC Accounting and Auditing Enforcement Releases and designate whether each fraud present in their financial statements is common and/or arises from fictitious transactions. We then examine whether these types of fraud are related to auditor litigation in analyses that control for various client, auditor and case characteristics. Our results provide some support for our two primary hypotheses-auditors are more likely to be sued when the financial statement frauds are of a common variety or when the frauds arise from fictitious transactions.</description><subject>Accountants liability</subject><subject>Accounting</subject><subject>Accounting fraud</subject><subject>Audit engagements</subject><subject>Auditing</subject><subject>Auditors</subject><subject>Business accounting</subject><subject>Business audits</subject><subject>Control variables</subject><subject>Enforcement</subject><subject>Financial reporting</subject><subject>Fraud</subject><subject>Fraudulent conveyance</subject><subject>Hypotheses</subject><subject>Juries</subject><subject>Legislation</subject><subject>Litigation</subject><subject>Multivariate analysis</subject><subject>Research fraud</subject><subject>SEC regulations</subject><subject>State court decisions</subject><subject>Tax audits</subject><subject>Tax fraud</subject><issn>0001-4826</issn><issn>1558-7967</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1998</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><sourceid>8G5</sourceid><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>GUQSH</sourceid><sourceid>M2O</sourceid><recordid>eNp10F9LwzAQAPAiCs7pJ_AlKPhWyP-kvpWxqTAQdD6XJL2OjC6ZTfuwb29kgiAIB3cHvzu4OytmRAhdqkqq82KGMSYl11ReFlcp7XLLZUVmhV0NZmrR5ngAZEKL6qn1YxzQ2o9-a0YfwyOqQw7TH5NPKHbofblAtXNxCqMP29-p72YZujg42EMY0Rv0YBKk6-KiM32Cm588Lz5Wy83iuVy_Pr0s6nW5ZZyPJXMOlO2cslwClhor2lKAigEQbjFtbaecU44ZEG3VKU1zwayQFiqwzrF58XDaexji5wRpbPY-Oeh7EyBOqWFaKiaoyPDuD9zFacgXpoYSLTgRkmZ0_x8inEiCK4VlVrcntUv5a81h8HszHBvKNdGafQHnvnU7</recordid><startdate>19981001</startdate><enddate>19981001</enddate><creator>Bonner, Sarah E.</creator><creator>Palmrose, Zoe-Vonna</creator><creator>Young, Susan M.</creator><general>American Accounting Association</general><scope>FYSDU</scope><scope>GHEHK</scope><scope>HZAIM</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>SFNNT</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X1</scope><scope>7XB</scope><scope>87Z</scope><scope>88C</scope><scope>8A9</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FI</scope><scope>8FJ</scope><scope>8FK</scope><scope>8FL</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRAZJ</scope><scope>FRNLG</scope><scope>FYUFA</scope><scope>F~G</scope><scope>GHDGH</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>M0T</scope><scope>M2O</scope><scope>MBDVC</scope><scope>PADUT</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PYYUZ</scope><scope>Q9U</scope></search><sort><creationdate>19981001</creationdate><title>Fraud Type and Auditor Litigation: An Analysis of SEC Accounting and Auditing Enforcement Releases</title><author>Bonner, Sarah E. ; Palmrose, Zoe-Vonna ; Young, Susan M.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-g344t-3cce7bfc7b46e068072d2ee93ee14b02dbf7cc7c3ae5d9f782ae53b56be9ebcc3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1998</creationdate><topic>Accountants liability</topic><topic>Accounting</topic><topic>Accounting fraud</topic><topic>Audit engagements</topic><topic>Auditing</topic><topic>Auditors</topic><topic>Business accounting</topic><topic>Business audits</topic><topic>Control variables</topic><topic>Enforcement</topic><topic>Financial reporting</topic><topic>Fraud</topic><topic>Fraudulent conveyance</topic><topic>Hypotheses</topic><topic>Juries</topic><topic>Legislation</topic><topic>Litigation</topic><topic>Multivariate analysis</topic><topic>Research fraud</topic><topic>SEC regulations</topic><topic>State court decisions</topic><topic>Tax audits</topic><topic>Tax fraud</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Bonner, Sarah E.</creatorcontrib><creatorcontrib>Palmrose, Zoe-Vonna</creatorcontrib><creatorcontrib>Young, Susan M.</creatorcontrib><collection>Periodicals Index Online Segment 07</collection><collection>Periodicals Index Online Segment 08</collection><collection>Periodicals Index Online Segment 26</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access & Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access & Build (Plan A) - APAC</collection><collection>Primary Sources Access & Build (Plan A) - Canada</collection><collection>Primary Sources Access & Build (Plan A) - West</collection><collection>Primary Sources Access & Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - Midwest</collection><collection>Primary Sources Access & Build (Plan A) - North Central</collection><collection>Primary Sources Access & Build (Plan A) - Northeast</collection><collection>Primary Sources Access & Build (Plan A) - South Central</collection><collection>Primary Sources Access & Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><collection>Periodicals Index Online Segment 44</collection><collection>ProQuest Central (Corporate)</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Accounting & Tax Database</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Healthcare Administration Database (Alumni)</collection><collection>Accounting & Tax Database (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Hospital Premium Collection</collection><collection>Hospital Premium Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>Research Library (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Accounting, Tax & Banking Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Accounting, Tax & Banking Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>Health Research Premium Collection</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>Health Research Premium Collection (Alumni)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Healthcare Administration Database</collection><collection>Research Library</collection><collection>Research Library (Corporate)</collection><collection>Research Library China</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ABI/INFORM Collection China</collection><collection>ProQuest Central Basic</collection><jtitle>The Accounting review</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Bonner, Sarah E.</au><au>Palmrose, Zoe-Vonna</au><au>Young, Susan M.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Fraud Type and Auditor Litigation: An Analysis of SEC Accounting and Auditing Enforcement Releases</atitle><jtitle>The Accounting review</jtitle><date>1998-10-01</date><risdate>1998</risdate><volume>73</volume><issue>4</issue><spage>503</spage><epage>532</epage><pages>503-532</pages><issn>0001-4826</issn><eissn>1558-7967</eissn><coden>ACRVAS</coden><abstract>This study examines whether certain types of financial reporting fraud result in a higher likelihood of litigation against independent auditors. We expect that auditors are more likely to be judged responsible for failing to detect commonly occurring frauds or those that stem from fictitious transactions. We examine companies with SEC Accounting and Auditing Enforcement Releases and designate whether each fraud present in their financial statements is common and/or arises from fictitious transactions. We then examine whether these types of fraud are related to auditor litigation in analyses that control for various client, auditor and case characteristics. Our results provide some support for our two primary hypotheses-auditors are more likely to be sued when the financial statement frauds are of a common variety or when the frauds arise from fictitious transactions.</abstract><cop>Menasha, Wis</cop><pub>American Accounting Association</pub><tpages>30</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0001-4826 |
| ispartof | The Accounting review, 1998-10, Vol.73 (4), p.503-532 |
| issn | 0001-4826 1558-7967 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_38673525 |
| source | Periodicals Index Online; EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing |
| subjects | Accountants liability Accounting Accounting fraud Audit engagements Auditing Auditors Business accounting Business audits Control variables Enforcement Financial reporting Fraud Fraudulent conveyance Hypotheses Juries Legislation Litigation Multivariate analysis Research fraud SEC regulations State court decisions Tax audits Tax fraud |
| title | Fraud Type and Auditor Litigation: An Analysis of SEC Accounting and Auditing Enforcement Releases |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-23T16%3A10%3A18IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-jstor_proqu&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Fraud%20Type%20and%20Auditor%20Litigation:%20An%20Analysis%20of%20SEC%20Accounting%20and%20Auditing%20Enforcement%20Releases&rft.jtitle=The%20Accounting%20review&rft.au=Bonner,%20Sarah%20E.&rft.date=1998-10-01&rft.volume=73&rft.issue=4&rft.spage=503&rft.epage=532&rft.pages=503-532&rft.issn=0001-4826&rft.eissn=1558-7967&rft.coden=ACRVAS&rft_id=info:doi/&rft_dat=%3Cjstor_proqu%3E248188%3C/jstor_proqu%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=218541562&rft_id=info:pmid/&rft_jstor_id=248188&rfr_iscdi=true |