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Discussion of “Do Reviews by External Auditors Improve the Information Content of Interim Financial Statements”

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  • Filip, Andrei

Abstract

Kajüter, Klassmann, and Nienhaus (forthcoming) investigate a topical and challenging question: “How do investors and other stakeholders use and react to the reviewed interim financial statements?” In this discussion I show that the research question is timely, relevant, and important. I discuss what the paper shows and what it does not show. I highlight the underlying question “should reviews of interim financial statements be mandatory?” and link it to a joint-question, “should interim financial statements be mandatory?” Finally I address avenues for future research.

Suggested Citation

  • Filip, Andrei, 2016. "Discussion of “Do Reviews by External Auditors Improve the Information Content of Interim Financial Statements”," The International Journal of Accounting, Elsevier, vol. 51(1), pages 51-56.
    • Handle: RePEc:eee:accoun:v:51:y:2016:i:1:p:51-56
    DOI: 10.1016/j.intacc.2016.01.002
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    References listed on IDEAS

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    1. Kajüter, Peter & Klassmann, Florian & Nienhaus, Martin, 2016. "Do Reviews by External Auditors Improve the Information Content of Interim Financial Statements?," The International Journal of Accounting, Elsevier, vol. 51(1), pages 23-50.
    2. Grossman, Sanford J, 1981. "The Informational Role of Warranties and Private Disclosure about Product Quality," Journal of Law and Economics, University of Chicago Press, vol. 24(3), pages 461-483, December.
    3. Jean Bédard & Lucie Courteau, 2015. "Benefits and Costs of Auditor's Assurance: Evidence from the Review of Quarterly Financial Statements," Contemporary Accounting Research, John Wiley & Sons, vol. 32(1), pages 308-335, March.
    4. Ettredge, Michael & Reed, Margaret & Stone, Mary, 2000. "An Examination of Substitution among Monitoring Devices: The Case of Internal and External Audit Expenditures," Review of Quantitative Finance and Accounting, Springer, vol. 15(1), pages 57-79, July.
    5. Jensen, Michael C. & Meckling, William H., 2008. "Theory of the firm: managerial behavior, agency costs and ownership structure," RAE - Revista de Administração de Empresas, FGV-EAESP Escola de Administração de Empresas de São Paulo (Brazil), vol. 48(2), April.
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    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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