The Japanese Institute of Certified Public Accountants (JICPA) formerly issued a standard audit fees table in … audit fees, but in practice, the standard fees were applied frequently as substantive upper limits. The table was criticized … and blamed for low fees and, thus, inefficient audit services. In response to this criticism, the Certified Public …

with anti-corruption regulations) can greatly contribute to the wider anti-corruption literature. Internal audit techniques … manuals and handbooks approach. This paper discusses a compliance audit of anti-corruption regulations in an anti …-corruption audit conducted in 2009. The audit findings and recommendations illustrate the ways that models and previous research in the …

We use data from China to examine whether regulations that limit management influence over auditors improve audit … difference-in-difference design to study the impact of these regulations on audit quality. We find that audit quality for CSOEs … 2004 aimed at improving audit quality for state-owned enterprises ultimately controlled by the central government (CSOEs …

Using the setting of hedge funds, I find that audit regulation stifles the misreporting of returns. Not only does the … presence of this regulation mitigate misreporting, it also appears to narrow the gap in audit quality between Big 4 and non …-Big 4 auditors. Specifically, there is a large difference in audit quality between Big 4 and non-Big 4 auditors when audits …

non-legalizing states, we document an increase in audit fees incurred by banks located in legalizing states after cannabis … legalization. This finding is consistent with increased auditor effort and engagement risk being an unintended consequence of state …-level recreational cannabis legalization. In supplemental analysis, we find that the relation between banks' audit fees and cannabis …

This study investigates the relation between audit regulation and the cost of equity capital. While a relation is … intuitively appealing, there is a general lack of empirical evidence because changes in audit regulation are frequently … associated with higher quality analyst forecasts, which suggests that this change in audit regulation reduces information risk …

independence substitutes for external audit quality. Based on over 14,000 observation across 18 years, our difference …-in-difference estimates show that firms forced to raise board independence are far less likely to employ a Big4 auditor. In particular, board … independence lowers the propensity to use a Big4 auditor by about 38%. Firms with stronger board independence enjoy more effective …

We examine whether auditor regulatory oversight affects the value of financial statement audits. Using the PCAOB … public. When inspection findings reveal that an auditor has many engagement-level deficiencies, market share gains following … audit and highlights the role of public regulatory oversight in the audit market …

' internal controls and compliance with regulations (including those privately owned). Following the unraveling of the Madoff … Accountants; AICPA) to public (PCAOB) oversight. We investigate whether audit quality increased following this transition by …). Overall, we do not find increased reporting quality following the regulatory shift, but do observe variation by auditor group …

most types of non-audit services (NAS). Regulators presume that NAS fees weaken auditor independence and, as a result … regulation will enhance auditor independence remains open. We examine the association between future NAS fees and audit quality … audit quality. This suggests that the expectation of future purchases of this type of NAS may impair auditor independence …