Smaili, Nadia; Sinclair-Desgagné, Bernard - In: International Journal of Managerial and Financial Accounting 6 (2014) 1, pp. 27-48
The objective of this paper is to examine the joint effect of the board of directors and the auditor on the severity of sanctions imposed by the financial authority. Based on a theoretical model and using a unique dataset, we find that the board of directors and its audit committee play a...