ABSTRACT I use a sample of 409 companies that restated their earnings from 1997 to 2001
to examine penalties for outside directors, particularly audit committee members, when their …

Recent accounting scandals across the world, from Enron and WorldCom in the United
States to Parmalat in Europe, have raised public concerns about auditor independence …

Over the past years, the markets have witnessed several accounting scandals mainly
because of the manipulation of the accounting figures reported in the financial statements …

This study addresses the role of audit committees and auditors in the reporting of internal
control deficiencies after the passage of the Sarbanes‐Oxley Act (SOX). We find that a …

While performing an annual audit of a client's financial statements, an audit firm's staff
identified what seems to be a material misstatement. Two discussions with the client have …

Nowadays in the emerging market and after corporate scandals as well as financial crisis
the issue of firm performance and ways to improve it are crucial for companies, investors and …

Legislators and regulators have expressed concerns about the effect of long auditor tenure
on audit quality. There is little direct evidence on investors' perceptions about long auditor …

The rise in corporate failure and the subsequent erosion of investors' confidence has
necessitated research attention on ways to improve the reliability of financial information …

We present evidence on the resolution of proposed audit adjustments during a unique time
period, immediately following several US financial scandals and surrounding calls for …

Purpose The purpose of this paper is to investigate the direct and indirect links between
book-tax differences (BTDs) and audit quality using accounting conservatism (proxy of …