Regulatory Spillovers in Common Audit Markets
Published Online:20 Nov 2019https://doi.org/10.1287/mnsc.2019.3352
References
- (2019) Has Section 404 of the Sarbanes–Oxley Act discouraged corporate investment? New evidence from a natural experiment. Management Sci. 65(7):3423–3446.Link, Google Scholar
- (2009) The demand for financial statements in an unregulated environment: An examination of the production and use of financial statements by privately held small businesses. Accounting Rev. 84(1):1–25.Crossref, Google Scholar
- American Institute of Certified Public Accountants (2016) Codification of Statements on Standards for Accounting and Review Services (American Institute of Certified Public Accountants, New York).Google Scholar
- (2009) Mostly Harmless Econometrics: An Empiricist’s Companion (Princeton University Press, Princeton, NJ).Crossref, Google Scholar
- (2017) The impact of the PCAOB individual engagement inspection process—preliminary evidence. Accounting Rev. 93(4):53–80.Crossref, Google Scholar
- (2019) The economic consequences of audit firms' quality control system deficiencies. Management Sci., ePub ahead of print August 5, https://doi.org/10.1287/mnsc.2019.3301.Google Scholar
- (2017) Regulatory oversight and auditor market share. J. Accounting Econom. 63(2-3):262–287.Crossref, Google Scholar
- (2019) Changes in Big N auditors’ client selection and retention strategies over time. Working paper, Northwestern University, Evanston, IL.Google Scholar
- (2008) The effect of SOX internal control deficiencies and their remediation on accrual quality. Accounting Rev. 83(1):217–250.Crossref, Google Scholar
- (2017) Audit procedures and financial statement quality: The positive effects of negative assurance. Working paper, University of Notre Dame, South Bend, IN.Google Scholar
- (2006) A more complete conceptual framework for SME finance. J. Banking Finance 30(11):2945–2966.Crossref, Google Scholar
- (2005) Does function follow organizational form? Evidence from the lending practices of large and small banks. J. Financial Econom. 76(2):237–269.Crossref, Google Scholar
- (2017) Commercial lending concentration and bank expertise: Evidence from borrower financial statements. J. Accounting Econom. 64(2–3):253–277.Crossref, Google Scholar
- (1998) The value of auditor assurance: Evidence from loan pricing. J. Accounting Res. 36(1):57–70.Crossref, Google Scholar
- . (2006) Financial accounting and reporting standards for private entities. Accounting Horizons 20(2):179–194.Crossref, Google Scholar
- (2014) The Sarbanes‐Oxley Act and exit strategies of private firms. Contemporary Accounting Res. 31(3):818–850.Crossref, Google Scholar
- . (2014) Accounting standard setting for private companies. Accounting Horizons 28(1):175–192.Crossref, Google Scholar
- (2010) Information content of insider trades before and after the Sarbanes-Oxley Act. Accounting Rev. 85(2):419–446.Crossref, Google Scholar
- (2015) Accounting errors in nonprofit organizations. Accounting Horizons 29(2):341–361.Crossref, Google Scholar
- (2018) Labor market effects of spatial licensing requirements: Evidence from CPA mobility. Working paper, London School of Economics, London.Google Scholar
- (2015) Alternative information sources and information asymmetry reduction: Evidence from small business debt. J. Accounting Econom. 59(2):242–263.Crossref, Google Scholar
- (2010) Market reaction to auditor switching from Big 4 to third-tier small accounting firms. Auditing 29(2):83–114.Crossref, Google Scholar
- Charity Navigator (2016) Giving statistics. Accessed September 1, 2017, https://www.charitynavigator.org/.Google Scholar
- (2014) SOX after ten years: A multidisciplinary review. Accounting Horizons 28(3):627–671.Crossref, Google Scholar
- (2008) Real and accrual-based earnings management in the pre- and post-Sarbanes-Oxley periods. Accounting Rev. 83(3):757–787.Crossref, Google Scholar
- (2006) Agency problems of excess endowment holdings in not-for-profit firms. J. Accounting Econom. 41(3):307–333.Crossref, Google Scholar
- (2011) The effect of SOX on small auditor exits and audit quality. J. Accounting Econom. 52(1):21–40.Crossref, Google Scholar
- (2017) Do PCAOB inspections improve the quality of internal control audits? J. Accounting Res. 55(3):591–627.Crossref, Google Scholar
- (2014) A review of archival auditing research. J. Accounting Econom. 58(2–3):275–326.Crossref, Google Scholar
- (1998) Concentration without differentiation: A new look at the determinants of audit market concentration. J. Accounting Econom. 25(3):235–253.Crossref, Google Scholar
- (2007) Audit market contestability in the post-enron era. Working paper, University of Illinois at Urbana–Champaign, Urbana.Google Scholar
- (2007) The Sarbanes–Oxley Act and firms’ going-private decisions. J. Accounting Econom. 44(1–2):116–145.Crossref, Google Scholar
- (2007) Audit fees and auditor dismissals in the Sarbanes-Oxley era. Accounting Horizons 21(4):371–386.Google Scholar
- (2017) Effects of SOX 404 (B) implementation on audit fees by SEC filer size category. Working paper, University of Kansas, Lawrence.Google Scholar
- (2001) Disappearing dividends: Changing firm characteristics or lower propensity to pay? J. Financial Econom. 60(1):3–43.Crossref, Google Scholar
- (2017) Post-SOX downward auditor switches and their impacts on the nonprofit audit market. J. Accounting Public Policy 36(5):379–398.Crossref, Google Scholar
- (2017) The evolution of audit market structure and the emergence of the Big N: Evidence from Australia. Working paper, University of Chicago Booth School of Business, Chicago.Google Scholar
- (2017) Benefits and costs of Sarbanes-Oxley Section 404 (b) exemption: Evidence from small firms’ internal control disclosures. J. Accounting Econom. 63(2–3):358–384.Crossref, Google Scholar
- (2015) Competition in the audit market: Policy implications. J. Accounting Res. 53(4):725–775.Crossref, Google Scholar
- (2017) Public audit oversight and reporting credibility: Evidence from the PCAOB inspection regime. Working paper, Stanford University, Palo Alto, CA.Google Scholar
- (2007) An analysis of audit fees following the passage of Sarbanes-Oxley. Asia-Pacific J. Accounting Econom. 14(2):161–192.Crossref, Google Scholar
- (2015) The effect of nonprofit governance on donations: Evidence from the revised form 990. Accounting Rev. 90(2):579–610.Crossref, Google Scholar
- (2019) Does hiring a local industry specialist auditor matter for nonprofit organizations? Nonprofit Voluntary Sector Quart. 48(2):633–664.Google Scholar
- (2006) Audit fees: A meta-analysis of the effect of supply and demand attributes. Contemporary Accounting Res. 23(1):141–191.Crossref, Google Scholar
- (2009) Risk shifts in the market for audits: An examination of changes in risk for “second tier” audit firms. Auditing 28(2):93–118.Crossref, Google Scholar
- (1989) Firms’ fiscal years, size and industry. Econom. Lett. 29(1):69–75.Crossref, Google Scholar
- (2010) The effect of SOX Section 404: Costs, earnings quality, and stock prices. J. Finance 65(3):1163–1196.Crossref, Google Scholar
- (2008) Adoption of Sarbanes-Oxley measures by nonprofit organizations: An empirical study. Accounting Horizons 22(3):255–277.Crossref, Google Scholar
- (2009) Audit value and charitable organizations. J. Accounting Public Policy 28(6):510–524.Crossref, Google Scholar
- (2006) Expense misreporting in nonprofit organizations. Accounting Rev. 81(2):399–420.Crossref, Google Scholar
- (2009) Auditor switches in the pre-and post-Enron eras: Risk or realignment? Accounting Rev. 84(2):531–558.Crossref, Google Scholar
- (2010) Auditing the auditors: Evidence on the recent reforms to the external monitoring of audit firms. J. Accounting Econom. 49:84–103.Crossref, Google Scholar
- (2007) Was the Sarbanes-Oxley Act of 2002 really this costly? A discussion of evidence from event returns and going-private decisions. J. Accounting Econom. 44:146–165.Crossref, Google Scholar
- (2016) The economics of disclosure and financial reporting regulation: Evidence and suggestions for future research. J. Accounting Res. 54(2):525–622.Crossref, Google Scholar
- (2008) The effects and unintended consequences of the Sarbanes-Oxley Act on the supply and demand for directors. Rev. Financial Stud. 22(8):3287–3328.Crossref, Google Scholar
- (2018) The silent majority: Private U.S. firms and financial reporting choices. Chicago Booth Research Paper No. 14-01, University of Chicago Booth School of Business, Chicago.Google Scholar
- (2017) Economic growth and financial statement verification. J. Accounting Res. 55(4):745–794.Crossref, Google Scholar
- (2011) Auditor workload compression and busy season auditor switching. Accounting Horizons 25(2):357–380.Crossref, Google Scholar
- (2011) The value of financial statement verification in debt financing: Evidence from private U.S. firms. J. Accounting Res. 49(2):457–506.Crossref, Google Scholar
- (2017) Financial statements as monitoring mechanisms: Evidence from small commercial loans. J. Accounting Res. 55(1):197–233.Crossref, Google Scholar
- (1998) The determinants of monitoring costs in not-for-profit organizations. J. Public Budgeting Accounting Financial Management 10(4):499–514.Crossref, Google Scholar
- (2011) The causes and consequences of internal control problems in nonprofit organizations. Accounting Rev. 86(1):325–357.Crossref, Google Scholar
- (2008) Regulation and bonding: The Sarbanes-Oxley Act and the flow of international listings. J. Accounting Res. 46(2):383–425.Crossref, Google Scholar
- (2006) Resignations by the Big 4 and the market for audit services. Accounting Horizons 20(2):97–109.Crossref, Google Scholar
- (2013) The impact of PCAOB AS5 and the economic recession on client portfolio characteristics of the Big 4 audit firms. Auditing 32(4):95–127.Crossref, Google Scholar
- Securities and Exchange Commission (2009) Study of the Sarbanes-Oxley Act of 2002 Section 404 Internal Control of Financial Reporting Requirements. Report, Office of Economic Analysis, Securities and Exchange Commission, Washington, DC.Google Scholar
- (2017) Does auditor regulatory oversight affect corporate financing and investment decisions? Working paper, MIT, Cambridge.Google Scholar
- (2018) Does credit reporting lead to a decline in relationship lending? Evidence from information sharing technology. J. Accounting Econom. 66(1):123–141.Crossref, Google Scholar
- (2007) Auditor change and auditor choice in nonprofit organizations. Auditing 26(1):47–70.Crossref, Google Scholar
- Urban Institute (2015) The Nonprofit Sector in Brief 2015 (Urban Institute, Washington, DC).Google Scholar
- U.S. Government Accountability Office (2003) Public accounting firms: Mandated study on consolidation and competition. Report, U.S. Government Accountability Office, Washington, DC.Google Scholar
- U.S. Government Accountability Office (2008) Audits of public companies: Continued concentration in audit market for large public companies does not call for immediate action. Report, U.S. Government Accountability Office, Washington, DC.Google Scholar
- (2016) Large sample evidence of the determinants of nonprofit monitoring costs: A resource dependence framework. J. Governmental Nonprofit Accounting 5(1):25–52.Crossref, Google Scholar
- (2012) The effects of governance on the accuracy of charitable expenses reported by nonprofit organizations. Contemporary Accounting Res. 29(3):738–767.Crossref, Google Scholar
- (2013) Do donors discount low-quality accounting information? Accounting Rev. 88(3):1041–1067.Crossref, Google Scholar
- (2007) Economic consequences of the Sarbanes–Oxley Act of 2002. J. Accounting Econom. 44(1):74–115.Crossref, Google Scholar

