survey of state tax administrators. The survey results indicate that most state tax audit programs are small and rely … tax agencies might benefit from greater sharing of information, especially in some audit classes. Second, Oregon state and … IRS audit assessments are strongly positively correlated, as expected. Third, we estimate the shadow values associated …

-owned enterprises via real activity manipulation (a standard measure from the accounting literature), which we show is higher under …

firms over an extended period. We analyze the effects on audit quality as well as economic tradeoffs related to partner … tenure and rotation with respect to audit hours and fees. On average, we find no evidence for audit quality declines over the … economic consequences. We find increases in audit fees and decreases in audit hours over the tenure cycle, which differ by …

accounting at similar rates and have comparable writing quality to their non-rule counterparts. Overall, these findings are …

auditor. We estimate that the ratio of tax fees to audit fees paid to the auditors of firms in the S&P …decoupling of the longstanding link between audit and tax services, such that firms are shifting their …events, including the well-known accounting scandals, passage of the Sarbanes-Oxley Act, and …

enforcement authority only after a costly audit. I derive the optimal fine for the underlying offense, the optimal fine for … misrepresenting one's wealth level, and the optimal audit probability. I demonstrate that the optimal fine for misrepresenting wealth … equals the fine for the offense divided by the audit probability, and therefore generally exceeds the fine for the offense …

value' by issuing deceptive accounting reports. Incentive support for disinformational activity comes through forms of … compensation that allow corporate insiders to profit extravagantly from temporary boosts in a firm's accounting condition or … firms are not obliged to express reservations they may have about the fundamental accuracy of the reports they audit. This …

This paper examines how audit oversight by a public-sector regulator affects investors' assessments of reporting … Company Accounting Oversight Board (PCAOB), as predicted by theory if the new regime enhances reporting credibility. To …' 10-K filings after the new regime is in place. Overall, our results are consistent with public audit oversight increasing …