Does Tightening Auditing Standards Improve or Impair Welfare?

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dc.contributor.advisorLu, Tong
dc.contributor.committeeMemberLin, Haijin
dc.contributor.committeeMemberLangberg, Nisan
dc.contributor.committeeMemberSeo, Sang Byung
dc.creatorRuan, Lijun
dc.date.accessioned2020-01-07T02:41:16Z
dc.date.createdMay 2019
dc.date.issued2019-05
dc.date.submittedMay 2019
dc.date.updated2020-01-07T02:41:17Z
dc.description.abstractThis study investigates the effects of tightening auditing standards in a setting of an oligopolistic audit market and a competitive capital market. I look at how tightening auditing standards affects audit quality, audit fee, audit market share, stock price, and investment decisions. Two audit firms engage in a two-stage competition: audit quality competition and audit fee competition. Audit quality has a dual role: (a) audit quality affects the credibility of the accounting reports (precision effect); (b) a company’s choice of a high-quality versus a low-quality audit firm signals its hidden information about its economic prospects (signaling effect). I find that tightening auditing standards will improve the credibility of accounting reports of those companies that stick to original auditors and impair the credibility of accounting reports of those companies that switch auditors.
dc.description.departmentAccountancy and Taxation, Department of
dc.format.digitalOriginborn digital
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/10657/5815
dc.language.isoeng
dc.rightsThe author of this work is the copyright owner. UH Libraries and the Texas Digital Library have their permission to store and provide access to this work. Further transmission, reproduction, or presentation of this work is prohibited except with permission of the author(s).
dc.subjectAuditing standards
dc.subjectAudit fee
dc.subjectAudit quality
dc.subjectCapital markets
dc.titleDoes Tightening Auditing Standards Improve or Impair Welfare?
dc.type.dcmiText
dc.type.genreThesis
local.embargo.lift2021-05-01
local.embargo.terms2021-05-01
thesis.degree.collegeC. T. Bauer College of Business
thesis.degree.departmentAccountancy and Taxation, Department of
thesis.degree.disciplineBusiness Administration
thesis.degree.grantorUniversity of Houston
thesis.degree.levelDoctoral
thesis.degree.nameDoctor of Philosophy

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