Although prior studies indicate that compliance with Section 404 of SOX, which requires both high-effort management disclosure and internal control audit, is costly, no consistent conclusion can be drawn from prior research that Section 404 can improve the disclosure quality of internal control...

Understanding the factors affecting executive turnover is particularly important, because it sheds light on to what extent such turnovers serves as an effective corporate monitoring and governance tool. Using hand-collected data to control firm-specific restatement characteristics, we examine...

We examine the determinants of clients' decision to follow departing partners to new audit firms and the effect of this decision on the likelihood of financial restatements. Using Taiwanese audit partner turnover data from 1984–2010, we find that clients are more likely to follow departing...