While investors and regulators value the timely release of audited financial information, recent changes in the regulatory environment have increased the difficulty of providing timely audited financial information. In this paper we examine the association between auditor-client geographic...

Regulations implemented by the SEC in 2003 and 2004 simultaneously shortened the financial statement filing deadlines and increased the preparation time required for both the financial statements and the related audit of accelerated filers (AFs). However, there were indirect, unintended negative...

To help companies comply with the certification requirements under Section 302 of SOX, the SEC recommends issuers form a disclosure committee, ‘for considering the materiality of information and determining disclosure obligations on a timely basis’ (SEC 2002a). While the importance of...

This study examines the unintended effects of a pre-Reg FD practice that gave a broad group of sophisticated market participants 15-minute earlier access to all corporate press releases than the general public. We find that this priority dissemination practice contributed to 22 percent of the...