Companies play a role in society that clearly goes beyond mere economic interest. Their
contribution to social development and to the sustainability of the territory where they are …

This paper reviews academic literature related to the consequences that outside directors
and boards may face in the wake of earnings restatements and suggests directions for future …

Purpose The purpose of this study is to explore the economic impact of financial
restatements by major customers on the audit opinion of their suppliers, showing that non …

This paper conducts a meta-analysis of 182 published archival accounting and auditing
studies on the corporate governance determinants of financial restatements. We aim to …

Using misstatement data, we find that the distribution of detected fraud features a heavy tail.
We propose a theoretical mechanism that explains such a relatively high frequency of …

This paper examines the impact of firm financial misconduct on its director‐interlocked firms
from the perspective of auditors. We argue that when a firm engages in financial misconduct …

We investigate intra-industry information transfer to news of a significant corporate event,
forced CEO turnover. Intra-industry information transfer occurs when announcements made …

Auditing standards require auditors to consider whether there is “substantial doubt” that their
client will remain a going concern and to, accordingly, modify the audit report (PCAOB AS …

This paper examines the monitoring role of investors in the behavioral spillover between
firms with shared auditors. Our context involves firms receiving US Securities and Exchange …

Research on the association between abnormal audit fees (measuring audit effort) and
financial misconduct has produced mixed results. The use of actual misstatements in this …