ASHBAUGH-SKAIFE, HOLLIS; COLLINS, DANIEL W.; JR, … - In: Journal of Accounting Research 47 (2009) 1, pp. 1-43
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>The Sarbanes-Oxley Act (SOX) mandates management evaluation and independent audits of internal control effectiveness. The mandate is costly to firms but may yield benefits through lower information risk that translates into lower cost of equity. We use unaudited pre-SOX 404 disclosures...
