This paper provides evidence on the incremental investor reaction to a going concern emphasis of matter paragraph (GC-EOM) in the auditor's report over financial statements disclosure of a going concern uncertainty (GC-FS). We make use of a “natural experiment” provided by a change in...

We exploit a 2008 regulatory change in a Canadian province to investigate the association between engagement partner identification (EPI) and audit quality (AQ) and to illustrate the implications of control group design choices on this association. In contrast to prior studies, firms in our...

The Public Company Accounting Oversight Board (PCAOB) and the International Auditing and Assurance Standards Board (IAASB) and UK Financial Reporting Council (FRC) have proposed or approved standards that significantly change the independent auditor's report. These initiatives require the...

This research synthesis evaluates relevant research concerning the audit report. For too long, there has been a significant “expectations gap” between what financial statement users expect an audit is delivering and what the audit profession believes it is providing. This gap becomes...

This paper adopts a literary theory perspective to depict accounting reports and information as texts rather than as economic commodities and so available for analysis from the vantage point of semiotic linguistic theory. In doing so it takes the literary turn followed by many of the social...