Lennox, Clive; Pittman, Jeffrey - In: Journal of Accounting and Economics 49 (2010) 1-2, pp. 84-103
This paper analyzes audit firm supervision since the Public Company Accounting Oversight Board (PCAOB) began conducting inspections. First, we find that audit clients do not perceive that the PCAOB's inspection reports are valuable for signaling audit quality. Second, we document that the...