We investigate whether auditor verification of internal controls over financial reporting (i.e., ICFR verification) affects a firm’s likelihood of voluntary disclosure and investor’s perception of firm’s voluntary disclosure decisions. We exploit a recent amendment to Smaller Reporting...

In Canada, companies are focusing on corporate governance as an ethical response to accounting scandals and the resulting crisis of confidence. Although, many aspects of corporate governance remain free from strict regulation, we examine the voluntary changes in the disclosures of the largest...

We examine the “confirmation” hypothesis, that audited, backward-looking financial outcomes and disclosure of managers' private forward-looking information are complements, because independent audit disciplines and hence enhances disclosure credibility. Committing to higher audit fees (a...