Accounting Estimation Intensity, Auditor Estimation Expertise, and Managerial Bias
研究了公司财务报告中的会计估计强度与公司达到或超过分析师盈余预测倾向之间的关系，并考察了审计师在地区或全国层面的估计专长是否削弱这种关系。
SYNOPSIS We examine the relation between the accounting estimation intensity (AEI) ingrained in a company’s financial reports and the company’s propensity to meet or beat analyst earnings forecasts and whether this relation is attenuated by the auditor’s estimation expertise at the city-office or national level. Although we find a positive relation between AEI and the propensity to meet analyst forecasts, we find little evidence to suggest that the relation is weakened by auditor estimation expertise. Along the same lines, we find little evidence to suggest that the positive relation between AEI and audit fees is affected by auditor estimation expertise. Our findings are of potential interest to regulators concerned about insufficient auditor skepticism in the audit of accounting estimates, investors interested in better understanding managerial accounting judgments, and academics investigating audit quality. JEL Classifications: M41; M42.