Prior literature suggests a positive relationship between financial reporting quality and the presence of accounting experts on audit committees. This study investigates the association between accruals quality and the characteristics of accounting experts and mix of accounting and...

Using a difference-in-differences approach, we find that firms’ cash holdings significantly increase after announcements of irregularity-related restatements. The increase is more pronounced for firms with a higher precautionary saving demand. The irregularity firms significantly reduce...