When the PCAOB Talks, Who Listens? Evidence from Client Firm Reaction to Adverse, GAAP-Deficient PCAOB Inspection Reports

• Main Authors: Abbott, Lawrence J., Gunny, Katherine A., ZHANG, Tracey Chunqi
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2008
• Subjects: PCAOB; agency costs; audit quality; Accounting; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/soa_research/96; https://ink.library.smu.edu.sg/soa_research/1071/
• Institution: Singapore Management University

In an effort to increase the transparency and quality of the public auditing profession, the Sarbanes-Oxley Act created the Public Company Accounting Oversight Board (PCAOB). Under the Sarbanes-Oxley Act, the PCAOB was granted inspection rights to 'audit' auditors and their respective audi...