Clive Lennox

USC Accounting Associates Professor of Accounting
Room / Office

Ph. D University of Oxford, 1998, Economics, M. Phil. University of Oxford, 1995, Economics, B. Sc. University of Warwick, 1991, Economics

Clive joined the Leventhal School of Accounting in 2015. His research interests are in auditing, disclosure, fraud, bankruptcy, and empirical methods. He has published more than twenty articles in the top-tier accounting journals (Journal of Accounting and Economics, Journal of Accounting Research, The Accounting Review, Contemporary Accounting Research, and the Review of Accounting Studies). His research and teaching has received numerous prizes including the Notable Contribution to the Auditing Literature Award from the American Accounting Association in 2016. Clive is an editor at The Accounting Review and Contemporary Accounting Research, and he is a member of the editorial board at the Journal of Accounting Research.
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Clive Lennox () "Client concerns about information spillovers from sharing audit partners ,"  Journal of Accounting and Economics.
Clive Lennox () "Gender discrimination? Evidence from the Belgian public accounting profession ( ,"  Contemporary Accounting Research  38, 1509-1541.
Clive Lennox () "Mandatory internal control audits, audit adjustments, and financial reporting quality: Evidence from China ,"  The Accounting Review.
Clive Lennox () "Why are expanded audit reports not informative to investors? Evidence from the UK ,"  Review of Accounting Studies.
Clive Lennox () "Are audit fees discounted in initial year audit engagements? ,"  Journal of Accounting and Economics  69.
Clive Lennox () "Opening up the ‘black box’ of audit firms: The effects of audit partner ownership on audit adjustments ,"  Journal of Accounting Research  58, 1299-1341.
Clive Lennox () "When are audit firms sued for financial reporting failures and what are the lawsuit outcomes? ,"  Contemporary Accounting Research  37, 1370-1399.
Clive Lennox () "Employee movements from audit firms to audit clients ,"  Contemporary Accounting Research  36, 1999-2034.
Clive Lennox () "A review of the archival literature on audit partners ,"  Accounting Horizons  32.
Clive Lennox () "Earnings management, audit adjustments, and the financing of corporate acquisitions: Evidence from China ,"  Journal of Accounting and Economics  65, 21-40.
Clive Lennox () "The primacy of fair presentation: Evidence from regulators and the courts ,"  Accounting Horizons  32, 91-100.
Clive Lennox () "Balance sheet conservatism and audit reporting conservatism ,"  Journal of Business Finance and Accounting  44, 897-924.
Clive Lennox () "Do PCAOB inspections improve the quality of internal control audits? ,"  Journal of Accounting Research  55, 591-627.
Clive Lennox () "Estimation risk and auditor conservatism ,"  Review of Accounting Studies  22, 185-216.
Clive Lennox, Xi Wu, Tianyu Zhang () "The effect of audit adjustments on earnings quality: Evidence from China ,"  Journal of Accounting and Economics  61, 545-562.
Clive Lennox () "Did the PCAOB’s Restrictions on Auditors’ Tax Services Improve Audit Quality? ,"  The Accounting Review  91, 1493-1512.
Dan Dhaliwal, Phillip Lamoreaux, Clive Lennox, Landon Mauler () "Management Influence on Auditor Selection and Subsequent Impairments of Auditor Independence during the Post-SOX Period ,"  Contemporary Accounting Research  32, 575–607.
Bin Ke, Clive Lennox, Qingquan Xin () "The effect of China’s weak institutional environment on the quality of Big 4 audits ,"  The Accounting Review  90, 1591–1619.
Clive Lennox, Bing Li () "Accounting misstatements following lawsuits against auditors ,"  Journal of Accounting and Economics  57, 58–75.
Clive Lennox, Xi Wu, Tianyu Zhang () "Does mandatory rotation of audit partners improve audit quality? ,"  The accounting review  89, 1775–1803.
Elisabeth Dedman, Asad Kausar, Clive Lennox () "The demand for audit in private firms: recent large-sample evidence from the UK ,"  European Accounting Review  23, 1–23.
Kai Hui, Clive Lennox, Guochang Zhang () "The Market’s Valuation of Fraudulently Reported Earnings ,"  Journal of Business Finance & Accounting  41, 627–651.
Clive Lennox, Petro Lisowsky, Jeffrey Pittman () "Tax aggressiveness and accounting fraud ,"  Journal of Accounting Research  51, 739–778.
Elizabeth Carson, Neil Fargher, Marshall Geiger, Clive Lennox, Kannan Raghunandan, Marleen Willekens () "Audit reporting for going-concern uncertainty: A research synthesis ,"  Auditing: A Journal of Practice & Theory  32, 353–384.
Clive Lennox () "Auditor tenure and rotation ,"  Available at SSRN 2165127.
Clive Lennox, Bing Li () "The consequences of protecting audit partners’ personal assets from the threat of liability ,"  Journal of Accounting and Economics  54, 154–173.
Mark De Fond, Clive Lennox () "The effect of SOX on small auditor exits and audit quality ,"  Journal of Accounting and Economics  52, 21–40.
Rui Ge, Clive Lennox () "Do acquirers disclose good news or withhold bad news when they finance their acquisitions using equity? ,"  Review of Accounting Studies  16, 183–217.
Clive Lennox, Jere Francis, Zitian Wang () "Selection models in accounting research ,"  The Accounting Review  87, 589–616.
Clive Lennox, Jeffrey Pittman () "Voluntary audits versus mandatory audits ,"  The Accounting Review  86, 1655–1678.
Clive Lennox, Jeffrey Pittman () "Big Five Audits and Accounting Fraud* ,"  Contemporary Accounting Research  27, 209–247.
Clive Lennox, Jeffrey Pittman () "Auditing the auditors: Evidence on the recent reforms to the external monitoring of audit firms ,"  Journal of Accounting and Economics  49, 84–103.
Elisabeth Dedman, Clive Lennox () "Perceived competition, profitability and the withholding of information about sales and the cost of sales ,"  Journal of Accounting and Economics  48, 210–230.
Constantinos Caramanis, Clive Lennox () "Audit effort and earnings management ,"  Journal of accounting and economics  45, 116–138.
Marshall Geiger, Clive Lennox, David North () "The hiring of accounting and finance officers from audit firms: how did the market react? ,"  Review of Accounting Studies  13, 55–86.
Clive Lennox, Chul Park () "Audit Firm Appointments, Audit Firm Alumni, and Audit Committee Independence* ,"  Contemporary Accounting Research  24, 235–258.
Clive Lennox, Chul Park () "The informativeness of earnings and management’s issuance of earnings forecasts ,"  Journal of Accounting and Economics  42, 439–458.
Gilles Hilary, Clive Lennox () "The credibility of self-regulation: Evidence from the accounting profession’s peer review program ,"  Journal of accounting and economics  40, 211–229.
Clive Lennox () "Audit quality and executive officers’ affiliations with CPA firms ,"  Journal of Accounting and Economics  39, 201–231.
Clive Lennox () "Management Ownership and Audit Firm Size* ,"  Contemporary Accounting Research  22, 205–227.
Jen Ireland, Clive Lennox () "The large audit firm fee premium: A case of selectivity bias? ,"  Journal of Accounting, Auditing & Finance  17, 73–91.
Clive Lennox () "Self-serving disclosures by chairpersons of failing UK companies ,"  Asia-Pacific Journal of Accounting & Economics  8, 63–81.
Clive Lennox () "Do companies successfully engage in opinion-shopping? Evidence from the UK ,"  Journal of Accounting and Economics  29, 321–337.
Clive Lennox () "The accuracy and incremental information content of audit reports in predicting bankruptcy ,"  Journal of Business Finance & Accounting  26, 757–778.
Clive Lennox () "Are large auditors more accurate than small auditors? ,"  Accounting and business research  29, 217–227.
Clive Lennox () "Audit quality and auditor size: An evaluation of reputation and deep pockets hypotheses ,"  Journal of Business Finance & Accounting  26, 779–805.
Clive Lennox () "Identifying failing companies: a re-evaluation of the logit, probit and DA approaches ,"  Journal of Economics and Business  51, 347–364.
Clive Lennox () "Non-audit fees, disclosure and audit quality ,"  European Accounting Review  8, 239–252.