This paper examines the approaches accounting researchers adopt to draw causal
inferences using observational (or nonexperimental) data. The vast majority of accounting …

We document 45 specific allegations related to audit deficiencies based on GAAS, as
detailed in 141 AAERs and 153 securities class action lawsuits over the violation years 1978 …

This study examines how short-selling threats affect auditors. During 2005–2007, the SEC
ordered a pilot program in which one-third of the Russell 3000 index firms were arbitrarily …

We report large sample evidence on the importance of auditor choice to the ex ante cost of
capital for public firms from 37 countries. In regressions that control for country, industry, and …

We use reverse mergers to examine the impact of litigation risk on audit fees. In a reverse
merger, a private company merges with a public company, and the private company's …

We examine the costs and benefits of proactive financial reporting enforcement by the UK
Financial Reporting Review Panel. Enforcement scrutiny is selective and varies by sector …

We examine whether securities lawyers involved in SEC comment letter inquiries act as
client advocates by resisting disclosure changes or as gatekeepers by encouraging …

This study examines the quality of non-financial disclosure in Strategic Reports, focusing on
non-financial key performance indicators (NFKPIs). A vital issue for NFKPI disclosure quality …

Firms routinely manage their financial reporting systems on external cloud platforms that are
susceptible to cyberattacks and data integrity issues. Therefore, the AICPA developed a …

We investigate the relationship between firm whistleblower governance and audit pricing of
Australian listed financial firms over the 2008–2018 period. Consistent with agency and …