Facilities that self-police under the Environmental Protection AgencyÕs Audit Policy are eligible for reduced penalties … whether self-policing reduces future enforcement activity. Using data on U.S. hazardous waste enforcement and disclosures, I … find that facilities that self-police are rewarded with a lower probability of inspection in the future, although …

of self-policing that has been ignored in previous models Ð that self-policing may influence future enforcement. The … model combines self-policing with targeted enforcement and allows for both deliberate and inadvertent violations. As … expected, rewarding self-policers with more lenient future enforcement increases auditing, remediation, and disclosure of …

average quality of the good in both markets may decrease as inspection technology improves. A few applications of the model …

the PCAOB inspection process on various facets of audit quality. Finally, we analyze the research concerning the PCAOB …’s enforcement actions to determine how markets have responded to sanctions against auditors and audit firms. We contend that … functions – registration, standard-setting, inspections, and enforcement. In particular, we examine PCAOB registration trends …