Prior research confirms regulators’ concern that special purpose acquisition companies (SPACs) exhibit elevated financial reporting risk (Kim, Park, Peterson, and Wilson 2022). In this study, we explore the auditor’s role in either elevating or reducing SPAC financial reporting risks....

Prior research indicates that expanded audit reports, which disclose financial statement matters that involved especially challenging, subjective, or complex auditor judgment (known as critical audit matters [CAMs] in the U.S.), have fallen short of their objective to provide investors with...

This study examines whether material corporate events that occur during the year-end closing process constrain management's and the auditor's resources and inhibit them from providing high quality financial reports. For a sample of U.S. company financial reports issued during 2000–2013, we...