Karel Hrazdil,Dan A Simunic,Nattavut Suwanyangyuan Karel Hrazdil

This study provides new evidence on the influential role of external auditors in enhancing the informativeness of form 10-K annual reports to shareholders. Specifically, we find that the client's choice of a Big 4 auditor (PwC, EY, KPMG, an...

Minlei Ye,Dan A Simunic Minlei Ye

This article analyzes the impact of Public Company Accounting Oversight Board (PCAOB)-type regulatory oversight and legal liability on audit quality and social surplus. We show the conditions under which regulatory oversight can improve aud...