With the current debate focusing on providing relief to firms subject to Section 404 of Sarbanes-Oxley Act, the SEC and the PCAOB are jointly developing regulatory and auditing guidelines to simplify and increase the efficiency of the Section 404 review process. To shed light on this ongoing...

This paper examines the role played by internal control and its five components (i.e., control environment, risk assessment, control activities, information and communication, and monitoring) in alleviating future stock price crash risk. Using a unique dataset from China, we find evidence that...

This study examines the impact of internal control on firm innovation using a sample of Chinese firms. The impact of the internal control system as a whole, as well as the impact of the five components of internal control individually (i.e., control environment, risk assessment, control...