Recently, the International Ethics Standards Board for Accountants (IESBA) solicited public comments on its Consultation Paper, Improving the Structure of the Code of Ethics for Professional Accountants. This commentary ...

We study the association between firms' Section 302 and Section 404 internal control weaknesses and these firms' cash-to-cash flow sensitivities. We also examine whether the presence of the internal control weaknesses ...

Using data from Taiwan where engagement partner names are disclosed and misstatements of clients’ annual financial statements to proxy for audit quality, we examine whether audit quality at the engagement partner level ...

This paper examines whether the previously observed future under performance of the portfolio of the late 10-K filing firms exists in post EDGAR period and any reasons for the observed under-performance. I find that there ...

Audit fee negotiations conclude with the signing of an engagement letter, typically the first quarter of the year under audit. Yet investors do not learn the audit fee paid until disclosed in the following year's definitive ...

We study how the interplay between firms’ fixed cost structure and their initial inventory levels influences these firms’ inventory production decisions. We also examine the consequences of those decisions for the firms’ ...

Debtholders’ demand has been widely discussed as a key determinant of conservatism but clear causal evidence is not yet established. Using a natural experiment setting, wherein a Delaware court ruled that the fiduciary ...

Recently, the Public Companies Accounting Oversight Board (PCAOB) solicited public comments on its Staff Consultation Paper Auditing Accounting Estimates and Fair Value Measurements. This commentary summarizes the contributors’ ...

We examine the impact of informal cultural attributes, such as generalized trust in a society (hereafter “trust”) and civic cooperation, on audit fees and Big N presence in countryspecific audit markets. The relation ...