We investigate Big 4 pricing over the period 2000 to 2010. We classify the data into five periods: 2000-2001 as the pre-SOX period, 2002-2003 as the SOX period, 2004-2006 as the AS2 period, 2007 as the AS5 period, and 2008-2010 as the Great Recession period. These shocks to the audit market...

Purpose - The implementation of compliance procedures associated with the Sarbanes-Oxley Act of 2002 came at a great cost to most publicly-traded firms, largely due to the internal control disclosures required by Section 404 of the Act. In this paper we contribute to the inquiry on internal...