1. Corporate misbehaviour and corporate governance -- 2. Defining corporate governance : the background -- 3. Regulation and auditing : ethics and professionalism -- 4. Theory and corporate phenomena : concepts and frameworks -- 5. Audit committees and auditor independence : the research...

Prior research suggests that the presence of high quality auditors (i.e. proxied by audit firm characteristics) constrains accrual-based earnings management, but it inadvertently leads to higher real activities manipulation. We investigate whether such trade-off exists between accrual-based and...