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Bank Audit Fees and Asset Securitization Risks

Cullen, Grant; Gasbarro, Domenico; Monroe, Gary; Shailer, Greg; Zhang, Yuyu


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]

CollectionsANU Research Publications
Date published: 2017
Type: Journal article
Source: Auditing: A Journal of Practice and Theory
DOI: 10.2308/ajpt-51751
Access Rights: Open Access


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