This study investigates whether financial reporting quality is affected by an auditor's experience of litigation in the recent past. We find that the likelihood of an accounting misstatement and the magnitudes of misstatements are significantly lower for non-Big 4 auditors who recently suffered...

Single-equation estimates of fiscal reaction functions, which relate primary surpluses to past debt-GDP ratios and control variables, are subject to potentially serious simultaneity bias that can produce misleading inferences about fiscal behavior. Biases arise from failure to model the general...

We examine how often audit firms are sued in a large sample of accounting lawsuits that allege financial reporting failures. We find an insignificant relation between the likelihood of auditor litigation and restatements but the likelihood of auditor litigation is strongly related to the types...

In the current literature, fiscal policy is usually characterized by a single-equation rule, in which primary surplus is generally defined as a function of lagged government debt and other controlled variables. To apply Ordinary Least Squares (OLS) method on the single-equation rule has been one...

This paper presents an all-digital real-time co-simulation platform of refined Wind Energy Conversion System (WECS) model. The proposed platform is based on the Real-time Digital Simulator (RTDS) and FAST developed by National Renewable Energy Laboratory (NREL). The detailed generator and...

The Intergovernmental Panel on Climate Change (IPCC) Fourth Assessment Report (AR4) ( Intergovernmental Panel on Climate Change, 2007 ) of 2007 concluded that most of the warming of the climate is very likely driven by human activities that increase greenhouse gas (GHG) concentrations in the...

Heavy metals have been recently revealed as promoters to antibiotic resistance gene (ARG) dissemination in water environment, but their influence on ARG transfer in the activated sludge process has not been clear. In this study, a set of sequencing batch reactors (SBRs) and micro-scale...