Using a set of unique databases from China, with employment history of auditors, details of audit engagement partners and financial reporting quality, we examine the performance of auditors that moved up to another higher-tier audit firm. We show that the audit quality of signing auditors with...

We investigate the impact of the Public Company Accounting Oversight Board's (PCAOB) first-time inspections of foreign accounting firms by examining abnormal accruals around the inspection year, and the value relevance of accounting numbers around the inspection report date, for their U.S....

In this study, we examine whether the monetary incentives associated with equity ownership (broadly defined to include stock and stock options) induce managers to maintain strong internal controls. Supporting the notion that equity ownership provides management incentive to strengthen the...