The objective of this study is to identify the financial statement fraud factors and rank the
relative importance. First, this study reviews the previous studies to identify the possible …

To facilitate the development of auditing and other professional standards and to inform
regulators of insights from the academic auditing literature, the Auditing Section of the …

This study examines whether a company's business strategy is an underlying determinant of
the strength of its internal control over financial reporting (ICFR) and auditors' internal control …

We examine the incidence of operational losses among US financial institutions using
publicly reported loss data from 1980 to 2005. We show that most operational losses can be …

Motivated by calls for increased compliance, size-based regulation, and continued
exemption of small firms from internal control reporting requirements, we assess the …

Family firms represent a majority of businesses worldwide, and play a crucial role in the
socio-economic development of both developed countries and emerging economies. We …

Legislative responses to recent corporate scandals emphasize managers' responsibility for
the accuracy of financial reporting. In particular, under the Sarbanes-Oxley Act of 2002 …

We address whether SOX 404 (b) internal control audits under two auditing standards
regimes and SOX 404 (a) management assessments are associated with improved internal …

In this study, we examine audit fees for SEC registrants that remediate previously disclosed
material weaknesses in internal control. We find that remediating firms have lower audit fees …

Prior studies document that managerial overconfidence potentially increases the risk of
financial misstatements, and that overconfident managers purchase lower quality audits and …