Audit

Modern Company and Capital Market Problems: Improving European Corporate Governance after Enron

Corporate Fraud, Governance and Auditing

The Effect of Board Structure on Firm Value: A Multiple Identification Strategies Approach Using Korean Data

Outside directors and audit committees are widely considered to be central elements of good corporate governance. We use a 1999 Korean law as an...

Public Oversight and Reporting Credibility: Evidence from the PCAOB Audit Inspection Regime

This paper studies the impact of public audit oversight on financial reporting credibility. We analyze changes in market responses to earnings news...

On-Going Board Reforms: One-Size-Fits-All and Regulatory Capture

Why Do Auditors Fail? What Might Work? What Won't?

Auditing failures and scandals have become commonplace. In response, reformers (including the Kingman Review in the U.K and a recent report of the...

Audit Committees of Public Interest Entities in Europe

In 2014 the European Union reformed the regulatory framework of statutory audits in Directive 2014/56/EC and Regulation (EU) Nr. 537/2014. Part of the...

Board Models in Europe. Recent Developments of Internal Corporate Governance Structures in Germany, the United Kingdom, France, and Italy

The Board of Nonprofit Organizations: Some Corporate Governance Thoughts from Europe

Bribes and Audit Fees

We exploit the UK Bribery Act 2010 to test whether the pricing of audit services changes with the risk of the client-firm engaging in bribery. Adopting a...

Prospectus Liability and the Role of Gatekeepers as Informational Intermediaries: An Empirical Analysis of the Impact of the Statutory Provisions on Italian IPOs

This Article analyzes market reaction to the introduction into Italian legislation of a statutory system of (IPO) prospectus civil liability enacted...

Non-Enforcement Led Public Oversight of Financial and Corporate Governance Disclosures and of Auditors

This paper examines the UK's system for public oversight of financial and corporate governance disclosures by issuers and of auditors, taking account...