Control Divergence, Timeliness in Loss Recognition, and the Role of Auditor Specialization: Evidence from around the World

• Main Authors: LIM, Chee Yeow, TAN, Patricia Mui Siang
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2009
• Subjects: Accounting; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/128; http://dx.doi.org/10.1177/0148558X0902400207
• Institution: Singapore Management University

This paper seeks to investigate how control-cash flow divergence of a firm's ultimate owner may affect the timeliness of accounting recognition of economic losses (TLR) relative to recognition of economic gains, and if engaging an audit industry specialist mitigates the reduced TLR arising from...