2026-09-18T20:27:02Zhttps://dspace.mit.edu/server/oai/requestoai:dspace.mit.edu:1721.1/90732022-01-13T07:54:52Zcom_1721.1_7582com_1721.1_7581col_1721.1_131022
Paul M. Healy.
Keating, Elizabeth Krahmer, 1959-
Sloan School of Management.
Sloan School of Management
2005-08-24T19:27:39Z
2005-08-24T19:27:39Z
1999
2000
http://hdl.handle.net/1721.1/9073
46824356
Thesis (Ph.D.)--Massachusetts Institute of Technology, Sloan School of Management, 2000.
Includes bibliographical references (leaves 86-92).
The first paper examines the determinants of credit unions' audit quality choice and the implications of this choice on financial statement management and financial distress. Credit unions provide a setting with large variation in audit quality, ranging from a "self audit" to an independent CPA audit. I find credit unions select higher audit quality if faced with higher business risk, size and agency costs. Audit quality is inversely associated with the probability of earnings management but is not associated with other forms of financial statement management. However, audit quality is not associated with an increased likelihood of financial distress or failure. My findings suggest that other forms of monitoring, such as regulatory examinations, may substitute for low audit quality. Accordingly, mandating higher audit quality alone may not have a substantial effect on the quality of reported financial results or the likelihood of financial distress. The second paper examines performance evaluation in the credit union setting. Using data from a moderate-sized credit union, the essay employs a case-study approach to examine the role of annual budgeting, pricing of services, and compensation.
by Elizabeth Krahmer Keating.
Ph.D.
165 leaves
13106581 bytes
13106339 bytes
application/pdf
application/pdf
eng
Massachusetts Institute of Technology
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http://dspace.mit.edu/handle/1721.1/7582
Sloan School of Management.
Audit quality and performance evaluation : an analysis of the US credit union industry
Analysis of the US credit union industry
Thesis
application/pdf
Publication
unknown
unknown
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<Abstract>The first paper examines the determinants of credit unions' audit quality choice and the implications of this choice on financial statement management and financial distress. Credit unions provide a setting with large variation in audit quality, ranging from a "self audit" to an independent CPA audit. I find credit unions select higher audit quality if faced with higher business risk, size and agency costs. Audit quality is inversely associated with the probability of earnings management but is not associated with other forms of financial statement management. However, audit quality is not associated with an increased likelihood of financial distress or failure. My findings suggest that other forms of monitoring, such as regulatory examinations, may substitute for low audit quality. Accordingly, mandating higher audit quality alone may not have a substantial effect on the quality of reported financial results or the likelihood of financial distress. The second paper examines performance evaluation in the credit union setting. Using data from a moderate-sized credit union, the essay employs a case-study approach to examine the role of annual budgeting, pricing of services, and compensation.</Abstract>
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