Pengaruh Rotasi Audit, Spesialisasi Industri KAP, dan Client Importance Terhadap Kualitas Audit (Studi dengan Pendekatan Earning Surprise Benchmark)

This research was aimed to examine empirically the effect of several factors to audit quality. These factors are Audit Rotation, Audit Firm Specialization and Client Importance. The population that will be used in this research are company listed in Indonesia Stock Exchange. This study uses sampel of 85 manufacturing companies listed in Indonesia Stock Exchange in the period 2015-2017. In this study, audit quality is measured by earning surprise benchmark. The method used was purposive sampling. The method of data analysis in this study use logistic regression with SPPS version 23. The results of this prove that (1) audit rotation is not proven to have an impact on audit quality, where sig value 0,915 > 𝛼 0,05 which means H1 is rejected (2) audit firm specialization is proven to have an impact on audit quality, where sig value 0,04 < 𝛼 0,05 which means H2 is accepted (3) client importance is not proven to have an impact on audit quality, where sig value 0,809 > 𝛼 0,05 which means H3 is rejected. The amount of Adjusted R is 0.036 gives the sense that rate is 3,6% of level audit quality can be explained by independent variables while 96.4% can be explained by the other independent variabels that are not tested in this study.Keywords: Audit Rotation, Audit Firm Specialization, Client Importance, Audit Quality

The Influence of Audit Firm Specialization on Analysts’ Forecast Errors

SUMMARY: This study investigates audit firm specialization in settings where managers have incentives to modify earnings to achieve analysts’ earnings forecasts. The results indicate that audit firms that have a large market share of clients within a particular industry, and audit firms that receive a significant portion of their firm revenues from a specific industry, are associated with audited financial statement earnings that increase absolute levels of analysts’ forecast error and are less likely to just meet or beat analysts’ forecasts.

Logging firms, nonindustrial private forests, and forest parcelization: evidence of firm specialization and its impact on sustainable timber supply

Increasing forest parcelization has raised concerns about tract-size economies and sustainable timber supply. We explored this issue by examining the logging sector and forest ownership in northern Wisconsin and Michigan's Upper Peninsula. Using 2004 survey data, we found that 48% of logging firms demonstrated a near exclusive reliance on nonindustrial private forests (NIPFs). NIPF-dependent firms derived 87.5% of their stumpage from this ownership, whereas nondependent firms exhibited a significantly more diversified stumpage supply distributed among public (42.6%), industrial-corporate (33.3%), and NIPF (24.0%) sources. Additionally, NIPF-dependent firms operated on significantly fewer, smaller, and less intensely harvested timber sales, and they were more likely to harvest small tracts profitably. There were no significant differences in the forest products harvested or overall firm profitability. We found statistical evidence that NIPF-dependent and nondependent firms organize themselves differently: NIPF dependency was negatively correlated with total number of employees, timberland area in the firm's wood basket, and firm location and positively correlated with owner age. Results suggest the impacts of parcelization on the logging sector are minimal. NIPF-dependent firms appear to have structured themselves to operate profitably; however, it is unclear how continued parcelization might influence these firms and the sector as a whole.