Chief Accounting Officers and Audit Efficiency

Asian Review of Accounting, Forthcoming

44 Pages Posted: 25 Sep 2019

See all articles by Hsiao-Tang Hsu

Hsiao-Tang Hsu

Texas A&M University - Corpus Christi

Sarfraz Khan

University of Louisiana at Lafayette

Date Written: June 30, 2019

Abstract

This study is to investigate the roles of chief accounting officer (CAO) on the efficiency of auditing process and to empirically examine the association between separate CAO appointment and audit report lag. Based on the firms listed in the U.S. market from 2004 to 2012, we examine and find that the presence of a separate CAO significantly reduces audit report lag. With the appointment of a new auditor, the presence of a separate CAO is associated with lower audit report lag, suggesting the moderating effect of separate CAOs on the relationship between auditor change and audit delay.

Keywords: Chief accounting officer, Audit effort, Audit efficiency, Audit report lag

JEL Classification: M41, M42

Suggested Citation

Hsu, Hsiao-Tang and Khan, Sarfraz, Chief Accounting Officers and Audit Efficiency (June 30, 2019). Asian Review of Accounting, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3455076

Hsiao-Tang Hsu (Contact Author)

Texas A&M University - Corpus Christi ( email )

6300 Ocean Drive
Corpus Christi, TX 78412
United States

Sarfraz Khan

University of Louisiana at Lafayette ( email )

Department of Accounting
214 Hebrard Blvd.
Lafayette, LA 70508
United States

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