Clive S. Lennox

University of Southern California

2250 Alcazar Street

Los Angeles, CA 90089

United States

SCHOLARLY PAPERS

57

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23,003

CITATIONS
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Top 5,176

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100

Scholarly Papers (57)

1.

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 2,535 (4,672)
Citation 2

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2.

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 2,387 (5,164)
Citation 1

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3.

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 2,331 (5,396)

Abstract:

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Audit reporting, Disclosure, Risks of material misstatement

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 1,704 (9,170)
Citation 5

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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 1,564 (10,538)
Citation 3

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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 1,529 (10,911)
Citation 2

Abstract:

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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
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 1,406 (12,502)
Citation 1

Abstract:

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going concern, going-concern, auditor reporting

8.
Downloads 1,130 ( 17,522)

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 1,130 (17,196)
Citation 13

Abstract:

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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 933 (23,275)

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10.

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 824 (27,873)
Citation 18

Abstract:

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Management Ownership, Audit Firm Size, Agency Theory

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 817 (27,770)
Citation 11

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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

12.

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 713 (33,946)

Abstract:

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PCAOB inspections; internal controls

13.

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 710 (34,139)
Citation 1

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

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
University of Arizona - Department of Accounting, Arizona State University, University of Southern California and Florida State University - Department of Accounting
Downloads 537 (48,747)
Citation 1

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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
University of Arizona - Department of Accounting, 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 Shanghai University of Finance and Economics
Downloads 471 (58,299)

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

16.

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 (61,296)
Citation 15

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17.

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 449 (61,803)
Citation 25

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Management Forecasts, ERC

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
University of Tennessee, Clemson University - School of Accountancy & Legal Studies, University of Southern California and University of Tennessee
Downloads 404 (70,234)

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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 307 (96,062)
Citation 1

Abstract:

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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 300 (98,435)

Abstract:

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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 274 (108,581)

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

22.

The Role of Director and Executive Interlocks in Mitigating Uncertainty in Auditor Hiring Decisions

Number of pages: 54 Posted: 28 Mar 2015 Last Revised: 04 Oct 2016
Clive S. Lennox and Y. Julia Yu
University of Southern California and University of Virginia
Downloads 261 (114,213)

Abstract:

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23.

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 (128,811)

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24.

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 Shanghai University of Finance and Economics
Downloads 219 (136,211)

Abstract:

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R&D; tax enforcement; China

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 166 (175,545)

Abstract:

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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
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 164 (177,514)

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auditors, executive selection, auditor turnover, executive turnover

Employee Movements from Audit Firms to Audit Clients

Contemporary Accounting Research, Forthcoming
Posted: 21 May 2019
Claremont McKenna College - Robert Day School of Economics and Finance, George Mason University - School of Business, Arizona State University and University of Southern California

Abstract:

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Auditors, Executive Selection

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 92 (273,798)

Abstract:

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28.

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 91 (275,724)

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

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 (665,168)
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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

30.

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

31.

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, Shanghai University of Finance and Economics and Central University of Finance and Economics

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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

Abstract:

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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

33.

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

Abstract:

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auditing; earnings quality

34.

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

Abstract:

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Audit partners

35.

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

36.

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

37.

Auditor Tenure and Rotation

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

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auditor rotation

38.

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

39.

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, University of Missouri at Columbia and Shanghai University of Finance and Economics

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

40.

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

41.

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

42.

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

43.

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

44.

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

Abstract:

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Regulation, Sarbanes-Oxley Act, PCAOB

45.

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

46.

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

47.

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

48.

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
Downloads 0 (650,903)
Citation 1
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49.

Managerial Ownership and Audit Firm Size

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

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50.

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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51.

Incorporation, Audit Fees and Audit Quality

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

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52.

Non-Audit Fees, Disclosure and Auditor Independence

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

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54.

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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55.

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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56.

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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57.

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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