The financial security of the investing public relies on high quality service by broker-dealers (BDs), investors' gateway to the financial markets. The Securities and Exchange Commission (SEC) has long required auditors to attest to BDs' internal controls and compliance with regulations...

The financial security of the investing public relies on high quality service by broker-dealers (BDs), investors' gateway to the financial markets. The Securities and Exchange Commission (SEC) has long required auditors to attest to BDs' internal controls and compliance with regulations...

We contend that information not yet considered by the extant research can significantly contribute to bankruptcy prediction, and investigate a possible association between abnormal changes in book-tax differences (BTDs) and bankruptcy. Using a hazard model and out of sample testing as in Shumway...