In this paper we investigate the relation between audit committee quality, auditor
independence, and the disclosure of internal control weaknesses after the enactment of the
Sarbanes-Oxley Act. We begin with a sample of firms with internal control weaknesses and,
based on industry, size, and performance, match these firms to a sample of control firms
without internal control weaknesses. Our conditional logit analyses indicate that a relation
exists between audit committee quality, auditor independence, and internal control …