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, ZHANG, Chunqi (Tracey)
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2012
• Subjects: audit quality signals; PCAOB inspection process; Accounting
• Online Access: https://ink.library.smu.edu.sg/soa_research/956; http://dx.doi.org/10.2308/ajpt-50374
• Institution: Singapore Management University

Section 104 of the Sarbanes-Oxley Act (SOX) created the Public Company Accounting Oversight Board (PCAOB). The PCAOB conducts inspections of registered public accounting firms that provide audits for publicly traded companies. The results of the inspection process are summarized in publicly availabl...