A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSE

Detalhes bibliográficos
Autor(a) principal: Deaconu, Adela
Data de Publicação: 2021
Outros Autores: Hategan, Camelia-Daniela, Ciurda, Ioana
Tipo de documento: Artigo
Idioma: eng
por
Título da fonte: Revista Brasileira de Gestão de Negócios (Online)
Texto Completo: https://rbgn.fecap.br/RBGN/article/view/4101
Resumo: Purpose – The objective of the paper is to investigate whether managers behave opportunistically by manipulating earnings and whether financial restatements, required by the auditors from the auditees, have the potential to decrease management opportunism. Design/methodology/approach – The empirical approach undertaken uses a self-constructed model in order to detect the influence of financial restatements on discretionary accruals and to observe possible earnings management practices, considering financial restatements as the explanatory variable. Findings – The values computed for discretionary accruals confirm the existence of earnings management and suggest possible management bias in accounting estimates and other accounting policies. Originality/value – This study provides a tool for overcoming deficiencies in relation to accounting estimates and other accounting policies in the auditing process, by assessing the relationship between management opportunism and auditors’ reactions using financial restatement requirements.
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spelling A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSEModelo para avaliar a relação entre o oportunismo da administração e as reações dos auditores: simulação de reapresentações de demonstrações financeiras para uma amostra de empresas brasileiras listadas na NYSEaccounting estimatesfinancial restatementsaudit riskearnings managementdiscretionary accrualsPurpose – The objective of the paper is to investigate whether managers behave opportunistically by manipulating earnings and whether financial restatements, required by the auditors from the auditees, have the potential to decrease management opportunism. Design/methodology/approach – The empirical approach undertaken uses a self-constructed model in order to detect the influence of financial restatements on discretionary accruals and to observe possible earnings management practices, considering financial restatements as the explanatory variable. Findings – The values computed for discretionary accruals confirm the existence of earnings management and suggest possible management bias in accounting estimates and other accounting policies. Originality/value – This study provides a tool for overcoming deficiencies in relation to accounting estimates and other accounting policies in the auditing process, by assessing the relationship between management opportunism and auditors’ reactions using financial restatement requirements.ResumoObjetivo – O objetivo do artigo é investigar se os gestores se comportam de forma oportunista manipulando o lucro e se as reapresentações das demonstrações financeiras, exigidas pelos auditores dos auditados, podem diminuir o oportunismo da administração. Metodologia – A abordagem empírica adotada utiliza um modelo autoconstruído para detectar a influência da reapresentação das demonstrações financeiras nas provisões discricionárias e observar possíveis práticas de gestão do lucro, considerando a reapresentação das demonstrações financeiras como variável explicativa. Resultados – Os valores computados de provisões discricionárias confirmam a existência de gestão de lucro e sugerem um possível viés da administração nas estimativas contábeis e outras políticas contábeis. Contribuições – Este estudo fornece uma ferramenta para superar as deficiências em relação às estimativas contábeis e outras políticas contábeis no processo de auditoria, avaliando a relação entre o oportunismo da administração e as reações dos auditores por meio dos requisitos da reapresentação das demonstrações financeiras. Palavras-chave – Estimativas contábeis, reapresentação das demonstrações financeiras, risco de auditoria, gestão de lucro, provisões discricionárias.FECAP2021-06-29info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionAvaliado por paresapplication/pdfapplication/pdfhttps://rbgn.fecap.br/RBGN/article/view/410110.7819/rbgn.v23i2.4101Review of Business Management; Vol. 23 No. 2 (2021); 337-352RBGN Revista Brasileira de Gestão de Negócios; Vol. 23 Núm. 2 (2021); 337-352RBGN - Revista Brasileira de Gestão de Negócios; v. 23 n. 2 (2021); 337-3521983-08071806-4892reponame:Revista Brasileira de Gestão de Negócios (Online)instname:Fundação Escola de Comércio Álvares Penteado (FECAP)instacron:FECAPengporhttps://rbgn.fecap.br/RBGN/article/view/4101/pdfhttps://rbgn.fecap.br/RBGN/article/view/4101/pdf_1Copyright (c) 2021 Review of Business Managementinfo:eu-repo/semantics/openAccessDeaconu, AdelaHategan, Camelia-DanielaCiurda, Ioana2021-07-20T22:26:46Zoai:ojs.emnuvens.com.br:article/4101Revistahttp://rbgn.fecap.br/RBGN/indexhttps://rbgn.fecap.br/RBGN/oai||jmauricio@fecap.br1983-08071806-4892opendoar:2021-07-20T22:26:46Revista Brasileira de Gestão de Negócios (Online) - Fundação Escola de Comércio Álvares Penteado (FECAP)false
dc.title.none.fl_str_mv A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSE
Modelo para avaliar a relação entre o oportunismo da administração e as reações dos auditores: simulação de reapresentações de demonstrações financeiras para uma amostra de empresas brasileiras listadas na NYSE
title A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSE
spellingShingle A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSE
Deaconu, Adela
accounting estimates
financial restatements
audit risk
earnings management
discretionary accruals
title_short A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSE
title_full A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSE
title_fullStr A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSE
title_full_unstemmed A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSE
title_sort A model to assess the relationship between management opportunism and auditor reactions: Simulation of financial restatements for a sample of Brazilian companies listed on the NYSE
author Deaconu, Adela
author_facet Deaconu, Adela
Hategan, Camelia-Daniela
Ciurda, Ioana
author_role author
author2 Hategan, Camelia-Daniela
Ciurda, Ioana
author2_role author
author
dc.contributor.author.fl_str_mv Deaconu, Adela
Hategan, Camelia-Daniela
Ciurda, Ioana
dc.subject.por.fl_str_mv accounting estimates
financial restatements
audit risk
earnings management
discretionary accruals
topic accounting estimates
financial restatements
audit risk
earnings management
discretionary accruals
description Purpose – The objective of the paper is to investigate whether managers behave opportunistically by manipulating earnings and whether financial restatements, required by the auditors from the auditees, have the potential to decrease management opportunism. Design/methodology/approach – The empirical approach undertaken uses a self-constructed model in order to detect the influence of financial restatements on discretionary accruals and to observe possible earnings management practices, considering financial restatements as the explanatory variable. Findings – The values computed for discretionary accruals confirm the existence of earnings management and suggest possible management bias in accounting estimates and other accounting policies. Originality/value – This study provides a tool for overcoming deficiencies in relation to accounting estimates and other accounting policies in the auditing process, by assessing the relationship between management opportunism and auditors’ reactions using financial restatement requirements.
publishDate 2021
dc.date.none.fl_str_mv 2021-06-29
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Avaliado por pares
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://rbgn.fecap.br/RBGN/article/view/4101
10.7819/rbgn.v23i2.4101
url https://rbgn.fecap.br/RBGN/article/view/4101
identifier_str_mv 10.7819/rbgn.v23i2.4101
dc.language.iso.fl_str_mv eng
por
language eng
por
dc.relation.none.fl_str_mv https://rbgn.fecap.br/RBGN/article/view/4101/pdf
https://rbgn.fecap.br/RBGN/article/view/4101/pdf_1
dc.rights.driver.fl_str_mv Copyright (c) 2021 Review of Business Management
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Review of Business Management
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv FECAP
publisher.none.fl_str_mv FECAP
dc.source.none.fl_str_mv Review of Business Management; Vol. 23 No. 2 (2021); 337-352
RBGN Revista Brasileira de Gestão de Negócios; Vol. 23 Núm. 2 (2021); 337-352
RBGN - Revista Brasileira de Gestão de Negócios; v. 23 n. 2 (2021); 337-352
1983-0807
1806-4892
reponame:Revista Brasileira de Gestão de Negócios (Online)
instname:Fundação Escola de Comércio Álvares Penteado (FECAP)
instacron:FECAP
instname_str Fundação Escola de Comércio Álvares Penteado (FECAP)
instacron_str FECAP
institution FECAP
reponame_str Revista Brasileira de Gestão de Negócios (Online)
collection Revista Brasileira de Gestão de Negócios (Online)
repository.name.fl_str_mv Revista Brasileira de Gestão de Negócios (Online) - Fundação Escola de Comércio Álvares Penteado (FECAP)
repository.mail.fl_str_mv ||jmauricio@fecap.br
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