Purpose: This paper aims to apply the Capital Market Liability of Foreignness (CMLOF) framework to the audit fees of a sample of foreign firms listed on US exchanges to examine whether American auditors price foreignness. Design/methodology/approach: The four components of the CMLOF are...

We investigate whether, and how, auditors price risks related to greenhouse gas emissions (GHG) for a sample of firms traded in the US that disclose their CO2 emissions data. Specifically, we assess whether auditors price CO2 physical and transition risks among multiple categories of emission...

Given the relative nascency of digital assets, we provide auditing faculty, students, and practitioners with a holistic overview of digital assets. We first place digital assets within the context of money and describe the microstructure of a transaction using crypto-assets. We then focus on the...

Mergers and acquisitions are the result of negotiations between bidder and target managers and shareholders where both sides have incentives to manipulate the value of shares and assets. While a naive target investor may perceive higher share value for a bidder who engages in income increasing...

For much of the investing public, startup firms represent a relatively undiscovered geyser of potentially fraudulent behavior due to a number of practices inherent in startup governance, funding and valuation. We explain the fundraising and valuation processes of startups and discuss the...