Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor | Faculty of Business | en_US |
| dc.contributor.advisor | Jiang, Liangliang Lilian (AF) | en_US |
| dc.creator | Lam, Parker | - |
| dc.identifier.uri | https://theses.lib.polyu.edu.hk/handle/200/14596 | - |
| dc.language | English | en_US |
| dc.publisher | Hong Kong Polytechnic University | en_US |
| dc.rights | All rights reserved | en_US |
| dc.title | The holding foreign companies accountable act and audit quality | en_US |
| dcterms.abstract | The Holding Foreign Companies Accountable Act (“HFCAA”) was passed in the United States of America (“US”) in December 2020. The HCFAA requires foreign US-listed firms to be subject to trading prohibitions and eventually delisting if the US Public Company Accounting Oversight Board (“PCAOB”) could not inspect the auditors of such foreign companies for two consecutive years. The HFCAA was claimed to be enacted for investor protection purposes, due to a lack of compliance and transparency of certain foreign companies. At the time of enactment, the PCAOB was unable to inspect Chinese and Hong Kong auditors of companies listed in the US. In August 2022, China and the US have agreed to enable the PCAOB conduct inspections of Chinese and Hong Kong auditors of US-listed companies. | en_US |
| dcterms.abstract | This paper would like to investigate whether the enactment of the HFCAA would enhance the audit quality of US-listed Chinese and Hong Kong firms. Audit quality is measured by audit fees, going concern opinions, and abnormal discretionary accruals. Further studies will be performed to analyse whether the HFCAA impacts the audit quality of Chinese and Hong Kong companies differently, and of Chinese state-owned enterprises (“SOEs”) and non-SOEs differently. Finally, this study will examine whether US-listed Chinese and Hong Kong companies are more inclined to change auditors, especially to Big 4 auditors, following the enactment of the HFCAA. | en_US |
| dcterms.abstract | This study found that the enactment of the HFCAA improves the audit quality of US-listed Chinese and Hong Kong firms under all three measures of audit quality. The HFCAA is also found to improve audit quality for non-SOEs more than SOEs, but no significant differences were found between Chinese companies and Hong Kong companies. The study also found that US-listed Chinese and Hong Kong companies had a greater propensity to switch auditors upon the enactment of the HFCAA, especially to Big 4 auditors. | en_US |
| dcterms.extent | x, 128 pages : illustrations | en_US |
| dcterms.isPartOf | PolyU Electronic Theses | en_US |
| dcterms.issued | 2026 | en_US |
| dcterms.educationalLevel | D.B.A. | en_US |
| dcterms.educationalLevel | All Doctorate | en_US |
| dcterms.accessRights | restricted access | en_US |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 9368.pdf | For All Users (off-campus access for PolyU Staff & Students only) | 943.9 kB | Adobe PDF | View/Open |
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