![]() ![]() The Impact of litigation risk on auditor pricing behavior: Evidence from reverse mergers. Lawrence Abbott, Katherine Gunny, and Troy Pollard. MS Agricultural and Resource Economics, University of California DavisīS Managerial Economics, University of California Davis Areas of expertise PhD Business, University of California Berkeley the Public Company Accounting Oversight Board) impacts the important role auditors' play as monitors of reported accounting numbers. For example, Gunny examines how the creation of a new regulatory body to oversee auditors (i.e. She, also, examines under which circumstances managers use earnings management opportunistically to the detriment of shareholders and, conversely, under what circumstances they exercise discretion consistent with shareholder value maximization.Īnother related stream of research focuses on how regulators, auditors, and political activities impact the measurement of firm performance by influencing the menu of accounting policy choices available and the responsibilities of the audit profession. accrual earnings management) and her work examines both techniques. real earnings management) or by using the inherent discretion in GAAP (i.e. ![]() Managers can influence reported accounting numbers by changing the underlying operations of the firm (i.e. She explores how and why managers create intentional differences between reported earnings and economic performance (i.e. Katherine Gunny's research focuses on the strategic use of accounting information by managers.
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