Working Paper
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...
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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...
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Standard Setting for Accountants and the Role of the Public Interest Oversight Board
Standard setting for accountants and auditors takes places in international bodies, organised within the framework of the International Federation...
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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...
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Empowering the Audit Committee and the Auditor in Related Party Transactions
Currently, the European approach addressing related party transactions is exclusively relying on the disclosure and partial control of the...
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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...
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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...
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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...
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