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Auditors’ Organizational Form, Legal Liability, and Reporting Conservatism: Evidence from China

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  •  Accepted by Michael Willenborg. We thank Associate Editor Michael Willenborg and two anonymous referees for their constructive comments. We also thank K. Hung Chan, Charles Chen, Gongmeng Chen, Helen Choi, Joseph Fan, Jere Francis, Jeong-Bon Kim, Kenny Lin, Agnes Lo, Chung-ki Min, Oliver Rui, William Shafer, T. J. Wong, Donghui Wu, Xi Wu, and George Yang for their helpful comments, discussions, and suggestions on earlier drafts of the paper. In addition, we acknowledge the constructive feedback received from workshop participants at The Chinese University of Hong Kong, City University of Hong Kong, The Hong Kong Polytechnic University, The University of Hong Kong, the China Research Conference 2006 at The Chinese University of Hong Kong, and the American Accounting Association Auditing Section 2006 Midyear Conference, Los Angeles. Michael Firth acknowledges financial support from a grant from the Government of the HKSAR (GRF 340408).

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