Using a dataset covering 3 million commercial borrower financial statements, we document
a substantial, nearly monotonic decline in banks' use of attested financial statements (AFS) …

Using labor supply shocks from the 150-Hour Rule, I find that a reduction in the labor supply
of accountants increases audit firms' mergers and acquisitions (M&A) and the audit market …

The additional education required by the 150-hour rule to obtain a CPA license has
disproportionately affected Black representation in public accounting. An implication is that …

Using labor supply shocks from the 150-Hour Rule, I find that a reduction in the labor supply
of accountants increases audit firms' mergers and acquisitions (M&A) and the audit market …

In this learning strategy (LS) we provide materials on how to discuss race as a source of
inequity in the Internal Revenue Code (IRC). We provide online discussion questions …

State and local governments have been awarding large, place-based corporate subsidies to
tech firms with the justification that these subsidies can yield spillovers for the local …

The past decade has seen significant declines in both the number of accounting majors and
the number of individuals becoming CPAs. In response, the governing Council of the AICPA …

We identify endogenously formed same-race audit pairings based on the estimated race of
audit partners and auditee executives in the nonprofit sector and show that these pairings …

This short commentary addresses the recent decline in accounting majors at many
universities and the resulting CPA shortage that has emerged. The professional body for …

We identify endogenously formed same-race audit pairings using dyadic data on the
estimated race of audit partners and auditee executives in the nonprofit audit sector and …