The Influence of CSRSCPAs and the Quality of Financial Statements

Li-Lun Liu, Yu-Ting Huang


This study examines the corporate social responsibility (CSR) performance of listed companies in Taiwan by looking at how companies meet their CSR obligations and by exploring how employing supply-chain certified public accountants (CSRSCPAs) affects the quality of their earnings. However, despite the benefits stemming from enhanced information corroboration and expertise spillover, CSRSCPAs face the challenge of potential information collusion. Hence, this study looks at supply-chain CPAs in the context of the company’s CSR performance to find out the impact of the company’s financial statements. It finds that the CSRSCPA has a negative effect on discretionary accruals.

The inclusion of different supply chain streams reveal that upstream CSRSCPA are more likely than mid-stream and downstream CSRSCPAs to receive favorable reactions from market participants. This response is an indication that market participants are impressed by the specific expertise and knowledge of these professionals.

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