In this paper we examine the effect of Enron, Andersen, and Sarbanes-Oxley on the fees paid by clients for their audits, and on the movement of clients from one auditor to another. As a percentage of total assets the average audit fee increased from 0.092 percent in 2000, the year before the...

In this paper we examine the effect of filing form 10-K on EDGAR on the incidence of small and large trades. We find that the change to EDGAR filings results in significant increases in the volume of small, but not large trades, during the five day window (-1, 3) around the filing date. While...

The financial scandal surrounding the collapse of Enron caused erosion in the reputation of its auditor, Arthur Andersen, leading to concerns about Andersen’s ability to continue in existence and ultimately to the firm’s demise. In this paper we investigate the role of corporate governance...