Clive S. Lennox

University of Southern California

2250 Alcazar Street

Los Angeles, CA 90089

United States

  • University of Southern California

SCHOLARLY PAPERS

56

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23,186

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53

CROSSREF CITATIONS

169

Scholarly Papers (56)

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1.

Are Expanded Audit Reports Informative to Investors? Evidence from the U.K.

Number of pages: 46 Posted: 19 Jun 2015 Last Revised: 14 Mar 2019
Clive S. Lennox, Jaime J. Schmidt and Anne Thompson
University of Southern California, University of Texas at Austin and University of Illinois at Urbana-Champaign
Downloads 2,559 (4,745)
Citation 14

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Audit reporting, Disclosure, Risks of material misstatement

2.

Audit Quality and Auditor Switching: Some Lessons for Policy Makers

Number of pages: 25 Posted: 06 Sep 1998
Clive S. Lennox
University of Southern California
Downloads 2,542 (4,802)
Citation 4

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3.

Going-Concern Opinions in Failing Companies: Auditor Dependence and Opinion Shopping

Number of pages: 26 Posted: 12 Oct 2000
Clive S. Lennox
University of Southern California
Downloads 2,403 (5,284)

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4.

Opinion Shopping, Audit Firm Dismissals, and Audit Committees

Number of pages: 48 Posted: 12 Feb 2002
Clive S. Lennox
University of Southern California
Downloads 1,716 (9,347)
Citation 6

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5.

Tax Aggressiveness and Accounting Fraud

Journal of Accounting Research, Vol. 51 (4), 739-778, 2013
Number of pages: 59 Posted: 06 Mar 2012 Last Revised: 20 Nov 2013
Clive S. Lennox, Petro Lisowsky and Jeffrey Pittman
University of Southern California, Boston University Questrom School of Business and Memorial University of Newfoundland (MNU) - Faculty of Business Administration
Downloads 1,580 (10,716)
Citation 4

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accounting fraud, tax aggressiveness, effective tax rates, book-tax differences

6.

Auditing the Auditors: Evidence on the PCAOB's Inspections of Audit Firms

Number of pages: 50 Posted: 16 Oct 2007 Last Revised: 30 Sep 2008
Clive S. Lennox and Jeffrey Pittman
University of Southern California and Memorial University of Newfoundland (MNU) - Faculty of Business Administration
Downloads 1,534 (11,206)
Citation 3

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Regulation, Sarbanes-Oxley Act, PCAOB

7.

Auditor Reporting on Going-Concern Uncertainty: A Research Synthesis

Number of pages: 124 Posted: 16 Feb 2012
Elizabeth Carson, Neil L. Fargher, Marshall A. Geiger, Clive S. Lennox, Kannan Raghunandan and Marleen Willekens
University of New South Wales, Australian National University (ANU), University of Richmond, University of Southern California, Florida International University (FIU) - School of Accounting and Katholieke Universiteit Leuven (KUL)
Downloads 1,417 (12,717)
Citation 10

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going concern, going-concern, auditor reporting

8.

Big Five Audits and Accounting Fraud

Downloads 1,131 ( 17,992)

Big Five Audits and Accounting Fraud

Number of pages: 57 Posted: 27 May 2008
Clive S. Lennox and Jeffrey Pittman
University of Southern California and Memorial University of Newfoundland (MNU) - Faculty of Business Administration
Downloads 1,131 (17,656)
Citation 11

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corporate governance, Big Five audits, agency costs, accounting fraud

Big Five Audits and Accounting Fraud

Contemporary Accounting Research, Vol. 27, No. 1, pp. 209-247, March 2010
Posted: 27 Aug 2011
Clive S. Lennox and Jeffrey Pittman
University of Southern California and Memorial University of Newfoundland (MNU) - Faculty of Business Administration

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Big 5, fraud, audit quality

9.

Modified Audit Reports, Executive Compensation and CEO Turnover

Number of pages: 34 Posted: 04 Dec 1998
Clive S. Lennox
University of Southern California
Downloads 935 (23,857)

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10.

The Credibility of Self-Regulation: Evidence from the Accounting Profession's Peer Review Program

Downloads 826 ( 28,462)
Citation 2

The Credibility of Self-Regulation: Evidence from the Accounting Profession's Peer Review Program

Number of pages: 33 Posted: 18 Apr 2005
Clive S. Lennox and Gilles Hilary
University of Southern California and Georgetown University - Department of Accounting and Business Law
Downloads 826 (28,015)
Citation 2

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Self-regulation, Sarbanes-Oxley Act

The Credibility of Self-Regulation: Evidence from the Accounting Profession's Peer Review Program

Journal of Accounting and Economics, Forthcoming
Posted: 18 Apr 2005
Clive S. Lennox and Gilles Hilary
University of Southern California and Georgetown University - Department of Accounting and Business Law

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Self-regulation, Sarbanes-Oxley Act

11.

Management Ownership and Audit Firm Size

Contemporary Accounting Research, 2005
Number of pages: 35 Posted: 29 Jun 2004
Clive S. Lennox
University of Southern California
Downloads 826 (28,462)
Citation 2

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Management Ownership, Audit Firm Size, Agency Theory

12.

The Effect of China's Weak Institutional Environment on the Quality of Big Four Audits

The Accounting Review, Forthcoming
Number of pages: 51 Posted: 16 Oct 2014
Bin Ke, Clive S. Lennox and Qingquan Xin
National University of Singapore, University of Southern California and Chongqing University
Downloads 719 (34,428)

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Audit quality, Big Four, Institutional environment, Cross listing, China

13.

Do PCAOB Inspections Improve the Quality of Internal Control Audits?

Number of pages: 53 Posted: 07 Mar 2015 Last Revised: 07 Jul 2015
Mark L. DeFond and Clive S. Lennox
University of Southern California - Leventhal School of Accounting and University of Southern California
Downloads 718 (34,480)
Citation 7

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PCAOB inspections; internal controls

14.

Management Influence on Auditor Selection and Subsequent Impairments of Auditor Independence During the Post-SOX Period

Downloads 548 ( 49,314)
Citation 10

Management Influence on Auditor Selection and Subsequent Impairments of Auditor Independence During the Post-SOX Period

Number of pages: 56 Posted: 09 Mar 2012 Last Revised: 16 Mar 2013
Dan S. Dhaliwal, Phillip T. Lamoreaux, Clive S. Lennox and Landon M. Mauler
University of Arizona - Department of Accounting (deceased), Arizona State University, University of Southern California and Florida State University - Department of Accounting
Downloads 548 (48,713)
Citation 10

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Auditor independence, Auditor selection, Sarbanes-Oxley Act, Affiliations

Management Influence on Auditor Selection and Subsequent Impairments of Auditor Independence During the Post-SOX Period

Contemporary Accounting Research, Forthcoming
Posted: 10 Mar 2014
Dan S. Dhaliwal, Phillip T. Lamoreaux, Clive S. Lennox and Landon M. Mauler
University of Arizona - Department of Accounting (deceased), Arizona State University, University of Southern California and Florida State University - Department of Accounting

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auditor independence, auditor selection, sarbanes-oxley act, affiliations

15.

The Determinants and Consequences of Tax Audits: Some Evidence from China

Number of pages: 48 Posted: 27 Mar 2015
Clive S. Lennox, Wanfu Li, Jeffrey Pittman and Zi-Tian Wang
University of Southern California, Nanjing University of Finance & Economics, Memorial University of Newfoundland (MNU) - Faculty of Business Administration and The University of Queensland
Downloads 490 (56,792)
Citation 3

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tax audit, deterrent effect, tax aggressiveness, financial reporting quality

16.

The Informativeness of Earnings and Management's Issuance of Earnings Forecasts

Journal of Accounting & Economics, Forthcoming
Number of pages: 35 Posted: 17 Jul 2008
Clive S. Lennox and Chul W. Park
University of Southern California and The University of Hong Kong - School of Business
Downloads 452 (62,834)
Citation 3

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Management Forecasts, ERC

17.

Audit Quality and Executive Officers' Affiliations with Cpa Firms

Journal of Accounting & Economics, Vol. 37, No. 2, 2004
Number of pages: 54 Posted: 30 Jun 2004
Clive S. Lennox
University of Southern California
Downloads 452 (62,834)

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18.

When Bonding Fails: Audit Firm Oversight of US-Listed Chinese Companies

Number of pages: 58 Posted: 03 Apr 2014 Last Revised: 04 Apr 2014
Joseph V. Carcello, Brian Todd Carver, Clive S. Lennox and Terry L. Neal
University of Tennessee, Clemson University - School of Accountancy & Legal Studies, University of Southern California and University of Tennessee
Downloads 416 (69,409)
Citation 4

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Audit quality, Audit firm oversight, PCAOB inspections, Chinese companies, Fraud

19.

The Demand for Audit in Private Firms: Recent Large-Sample Evidence from the UK

European Accounting Review, Forthcoming
Number of pages: 49 Posted: 26 Jan 2013
Elisabeth Dedman, Asad Kausar and Clive S. Lennox
Surrey Business School, American University - Kogod School of Business and University of Southern California
Downloads 314 (95,898)
Citation 2

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audit exemption, voluntary audit, private companies

20.

Accounting Misstatements Following Lawsuits Against Auditors

Number of pages: 48 Posted: 18 Sep 2012
Clive S. Lennox and Bing Li
University of Southern California and City University of Hong Kong (CityUHK)
Downloads 304 (99,289)
Citation 8

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21.

Estimation Risk and Auditor Conservatism

Review of Accounting Studies, Forthcoming
Number of pages: 41 Posted: 20 Nov 2015 Last Revised: 17 Apr 2017
Clive S. Lennox and Asad Kausar
University of Southern California and American University - Kogod School of Business
Downloads 276 (110,265)

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Accounting estimates, Estimation risk, Bankruptcy, Going concern opinion, Auditor resignations

22.

Self-Serving Disclosures by Chairmen in Failing UK Companies

Number of pages: 42 Posted: 18 Sep 2000
Clive S. Lennox
University of Southern California
Downloads 232 (131,692)

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23.

Tax Aggressiveness, R&D Spending, and Firms’ Claims for R&D Tax Deductions: Evidence from China

Number of pages: 47 Posted: 07 Mar 2015
Clive S. Lennox, Wanfu Li, Bin Lin and Zi-Tian Wang
University of Southern California, Nanjing University of Finance & Economics, National Sun Yat-sen University and The University of Queensland
Downloads 221 (138,116)

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R&D; tax enforcement; China

24.

Employee Movements from Audit Firms to Audit Clients

Downloads 185 (163,033)
Citation 2

Employee Movements from Audit Firms to Audit Clients

Claremont McKenna College Robert Day School of Economics and Finance Research Paper No. 3108778
Number of pages: 57 Posted: 01 Feb 2018
Andrew Finley, Mindy (Hyo Jung) Kim, Phillip T. Lamoreaux and Clive S. Lennox
Claremont McKenna College - Robert Day School of Economics and Finance, George Mason University - School of Business, Arizona State University and University of Southern California
Downloads 185 (163,011)
Citation 2

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auditors, executive selection, auditor turnover, executive turnover

Employee Movements from Audit Firms to Audit Clients

Contemporary Accounting Research, Forthcoming, Claremont McKenna College Robert Day School of Economics and Finance Research Paper No. 3379867
Posted: 21 May 2019
Andrew Finley, Mindy (Hyo Jung) Kim, Phillip T. Lamoreaux and Clive S. Lennox
Claremont McKenna College - Robert Day School of Economics and Finance, George Mason University - School of Business, Arizona State University and University of Southern California

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Auditors, Executive Selection

25.

The Primacy of Fair Presentation: Evidence From Regulators and the Courts

Accounting Horizons, Forthcoming
Number of pages: 25 Posted: 12 Mar 2018
Mark L. DeFond, Clive S. Lennox and Jieying Zhang
University of Southern California - Leventhal School of Accounting, University of Southern California and The University of Texas at Dallas
Downloads 175 (171,334)

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26.

Opening Up the ‘Black Box’ of Audit Firms: The Effects of Audit Partner Ownership on Audit Adjustments

Number of pages: 56 Posted: 13 Nov 2018 Last Revised: 06 Dec 2018
Clive S. Lennox, Chunfei Wang and Xi Wu
University of Southern California, Central University of Finance and Economics (CUFE) and Central University of Finance and Economics
Downloads 110 (248,158)

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Audit adjustments, Audit partner ownership, Review partners, Engagement partners

27.

Gender Discrimination? Evidence from the Belgian Public Accounting Profession

Number of pages: 55 Posted: 27 Nov 2018
Kris Hardies, Clive S. Lennox and Bing Li
University of Antwerp, University of Southern California and City University of Hong Kong (CityUHK)
Downloads 104 (258,010)

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28.

Balance Sheet Conservatism and Audit Reporting Conservatism

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Balance Sheet Conservatism and Audit Reporting Conservatism

Journal of Business Finance & Accounting, Vol. 44, Issue 7-8, pp. 897-924, 2017
Number of pages: 28 Posted: 03 Aug 2017
Asad Kausar and Clive S. Lennox
American University - Kogod School of Business and University of Southern California
Downloads 1 (684,520)
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conservatism, going concern audit opinions, book values, liquidation values

Balance Sheet Conservatism and Audit Reporting Conservatism

Journal of Business Finance & Accounting, Forthcoming
Posted: 17 Apr 2017 Last Revised: 18 Apr 2017
Asad Kausar and Clive S. Lennox
American University - Kogod School of Business and University of Southern California

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balance sheet conservatism, audit reporting, going concern

29.

A Review of the Archival Literature on Audit Partners

Accounting Horizons, 2018
Posted: 09 Oct 2017
Clive S. Lennox and Xi Wu
University of Southern California and Central University of Finance and Economics

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audit partners; auditing; literature review; research opportunities

30.

Earnings Management, Audit Adjustments, and the Financing of Corporate Acquisitions: Evidence from China

Forthcoming, Journal of Accounting & Economics (JAE), Vol. 65, No. 1, 2018
Posted: 19 Jul 2017
Clive S. Lennox, Zi-Tian Wang and Xi Wu
University of Southern California, The University of Queensland and Central University of Finance and Economics

Abstract:

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31.

Do PCAOB Inspections Improve the Quality of Internal Control Audits?

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Do PCAOB Inspections Improve the Quality of Internal Control Audits?

Journal of Accounting Research, Forthcoming
Posted: 17 Apr 2017
Clive S. Lennox and Mark L. DeFond
University of Southern California and University of Southern California

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PCAOB, internal controls

Do PCAOB Inspections Improve the Quality of Internal Control Audits?

Journal of Accounting Research, Vol. 55, No. 3, 2017
Posted: 18 Oct 2017
Mark L. DeFond and Clive S. Lennox
University of Southern California - Leventhal School of Accounting and University of Southern California

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auditing; audit opinions; internal controls; regulation; PCAOB;SEC; SOX

32.

The Effect of Audit Adjustments on Earnings Quality: Evidence from China

Journal of Accounting & Economics (JAE), Vol. 61, No. 2-3, 2016
Posted: 17 Apr 2017
Clive S. Lennox, Xi Wu and Tianyu Zhang
University of Southern California, Central University of Finance and Economics and The Chinese University of Hong Kong

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auditing; earnings quality

33.

A Review of the Literature on Audit Partners

Posted: 29 Nov 2016 Last Revised: 08 Oct 2017
Clive S. Lennox and Xi Wu
University of Southern California and Central University of Finance and Economics

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Audit partners

34.

Did the PCAOB’s Restrictions on Auditors’ Tax Services Improve Audit Quality?

Accounting Review, Forthcoming
Posted: 07 Mar 2015 Last Revised: 03 Dec 2015
Clive S. Lennox
University of Southern California

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accounting misstatements; auditors' tax services; PCAOB

35.

The Market's Valuation of Fraudulently Reported Earnings

Journal of Business Finance & Accounting, Vol. 41, Issue 5-6, pp. 627-651, 2014
Number of pages: 25 Posted: 26 Jul 2014
Kai Wai Hui, Clive S. Lennox and Guochang Zhang
The University of Hong Kong (HKU) - Department of Accounting, University of Southern California and University of Hong Kong
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accounting fraud, market valuation, earnings coefficient

36.

Auditor Tenure and Rotation

Posted: 22 Oct 2012
Clive S. Lennox
University of Southern California

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auditor rotation

37.

The Consequences of Protecting Audit Partners’ Personal Assets from the Threat of Liability

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 31 May 2012
Clive S. Lennox and Bing Li
University of Southern California and City University of Hong Kong (CityUHK)

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Audit liability, audit quality, LLP

38.

Selection Models in Accounting Research

The Accounting Review, Forthcoming
Posted: 05 Nov 2011
Clive S. Lennox, Jere R. Francis and Zi-Tian Wang
University of Southern California, Maastricht University and The University of Queensland

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selection model, Heckman, selection bias, endogeneity, treatment effect model

39.

Voluntary Audits Versus Mandatory Audits

The Accounting Review, Forthcoming
Posted: 28 Aug 2011
Clive S. Lennox and Jeffrey Pittman
University of Southern California and Memorial University of Newfoundland (MNU) - Faculty of Business Administration

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voluntary audits, mandatory audits, credit ratings

40.

The Effect of SOX on Small Auditor Exits and Audit Quality

Journal of Accounting and Economics, Vol. 52, pp. 21-40, 2011
Posted: 28 Aug 2011
Clive S. Lennox and Mark L. DeFond
University of Southern California and University of Southern California - Leventhal School of Accounting

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Audit Quality, Sarbanes-Oxley Act, PCAOB, Audit Markets, Auditor Opinions

41.

Do Acquirers Disclose Good News or Withhold Bad News When They Finance Their Acquisitions Using Equity?

Review of Accounting Studies, Vol. 16, pp. 183-217, 2011
Posted: 28 Aug 2011
Clive S. Lennox and Rui Ge
University of Southern California and Shenzhen University - Shenzhen Audencia Business School

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Disclosure, Deception, Acquisitions, Management Forecasts

42.

Audit Firm Appointments, Audit Firm Alumni, and Audit Committee Independence

Contemporary Accounting Research, Vol. 24, No. 1, p. 235, Spring 2007
Posted: 27 Aug 2011
Clive S. Lennox and Chul W. Park
University of Southern California and The University of Hong Kong - School of Business

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affiliations, audit quality, audit committees

43.

Auditing the Auditors: Evidence on the PCAOB’s Inspections of Audit Firms

Journal of Accounting & Economics (JAE), Vol. 49, Nos. 1/2, p. 84, February 2010
Posted: 27 Aug 2011
Clive S. Lennox and Jeffrey Pittman
University of Southern California and Memorial University of Newfoundland (MNU) - Faculty of Business Administration

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Regulation, Sarbanes-Oxley Act, PCAOB

44.

The Hiring of Accounting and Finance Officers from Audit Firms: How Did the Market React?

Review of Accounting Studies, Vol. 13, 2008
Posted: 27 Aug 2011
Marshall A. Geiger, Clive S. Lennox and David S. North
University of Richmond, University of Southern California and University of Richmond - E. Claiborne Robins School of Business

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Revolving door, Event study, Audit and reporting quality

45.

Perceived Competition, Profitability and the Withholding of Information About Sales and the Cost of Sales

Journal of Accounting & Economics (JAE), Vol. 48, 2009
Posted: 27 Aug 2011
Elisabeth Dedman and Clive S. Lennox
Surrey Business School and University of Southern California

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Voluntary disclosure, Managerial perceptions, Product market competition, Industry concentration

46.

Audit Effort and Earnings Management

Journal of Accounting & Economics (JAE), Vol. 45, 2008
Posted: 27 Aug 2011
Costas Caramanis and Clive S. Lennox
Athens University of Economics and Business and University of Southern California

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Auditing, Hours, Effort, Earnings management

47.

The Changing Regulatory Landscape: Editorial

International Journal of Auditing, Vol. 13, Issue 2, pp. 79-85, July 2009
Number of pages: 7 Posted: 16 Jun 2009
Clive S. Lennox
University of Southern California
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48.

Managerial Ownership and Audit Firm Size

Posted: 01 Sep 2003
Clive S. Lennox
University of Southern California

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49.

Self-Serving Disclosures by Chairpersons of Failing UK Companies

Asia-Pacific Journal of Accounting & Economics, Vol. 8, No. 2, December 2001
Posted: 07 Sep 2001
Clive S. Lennox
University of Southern California

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50.

Incorporation, Audit Fees and Audit Quality

Posted: 01 Jun 1998
Clive S. Lennox
University of Southern California

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51.

Non-Audit Fees, Disclosure and Auditor Independence

Posted: 01 Jun 1998
Clive S. Lennox
University of Southern California

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53.

Evaluating the Accuracy and Incremental Information Content of Audit Reports

Posted: 26 Mar 1998
Clive S. Lennox
University of Southern California

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54.

Identifying Failing Companies: A Re-Evaluation of the Logit, Probit and Mda Approaches

Posted: 17 Mar 1998
Clive S. Lennox
University of Southern California

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55.

Bankruptcy, Managerial Behaviour and Audit Failure: Evidence from the UK, 1987-94

Posted: 06 Dec 1997
Clive S. Lennox
University of Southern California

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56.

Auditor Size and the Accuracy of Audit Reports: Reputation Theories Versus a 'Deep Pockets' Explanation

Posted: 06 Dec 1997
Clive S. Lennox
University of Southern California

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