It would be interesting to know how the theories and hypotheses in auditing developed for a mature economy work in an emerging market. This paper uses the merger of Diwan, Ernst amp; Young and J. T. Lai amp; Co., CPAs in Taiwan in 2000 as a target to study the effects of a CPA-firm merger on...

We extend Ohlson's (1995) model and examine the relationship between returns and residual income that incorporate analysts' earnings forecasts and other non-earnings information variables in the balance sheet, namely default probability and agency cost of a debt covenant contract. We further...

Taiwan suffers from losses of economic property and human lives caused by flooding almost every year. Flooding is an inevitable, reoccurring, and the most damaging disaster in Taiwan since Taiwan is located in the most active tropic cyclone formation region of the Western Pacific. Flooding...