Have the Big Accounting Firms Lost Their Audit Quality Advantage?
Evidence from the Returns-Earnings Relation B.B. Lee, S. Cox and D. Roden This study explores the relationship between an investor’s ability to use audited financial statements of a firm to predict future firm earnings and the size of the firm auditor, and reveals that the relationship between auditor size and the ability to predict future earnings changes over the sample period, becoming not significant in the more recent years of the sample. • Earnings Conservatism and Audit Quality: An Examination of the Late 1990s D.S. Jenkins, G.D. Kane and U. Velury An investigation into the influence of auditors in affecting financial reporting conservatism, indicating that industry specialist auditors do a better job of preserving financial reporting integrity when incentives for aggressive reporting may be high. • Transition Method to Adopt Fair Value Accounting for Employee Stock Options: Economic Determinates and Consequences F.F. Niu An examination of firms’ incentives to use one of the thr
