Bank Audit Fees and Asset Securitization Risks
We examine whether bank auditor effort, proxied by audit fees, is related to asset securitization risks (ASR) and whether the incremental auditor effort attributed to ASR is related to audit quality. Our sample period encompasses the Global Financial Crisis (GFC) and the introduction of FAS No. 166 and FAS No. 167, which were intended to constrain accounting for asset securitizations as sales. Using U.S. bank holding company (BHC) data from 2003 to 2013, we find significantly positive...[Show more]
|Collections||ANU Research Publications|
|Source:||Auditing: A Journal of Practice and Theory|
|Access Rights:||Open Access|
|01_Cullen_Bank_Audit_Fees_and_Asset_2017.pdf||234.57 kB||Adobe PDF|
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