We examine whether auditors are sensitive to their clients' compliance with environmental regulations. Under current auditing standards, auditors' responsibilities with respect to the detection and reporting of violations of environmental regulations by their clients are limited and quite vague....

We examine whether it is profitable to trade according to the recommendations of analysts who made accurate earnings forecasts in a prior year. Prior research has shown that analysts who made the most accurate earnings forecasts in the current period also made the most profitable recommendations...