liability for internal control over financial reporting as well as undergo mandated internal control audits (IC Audits). The … sufficient. The current study informs this debate by investigating the possible interactive effects of manager liability and IC …

conventional model of governance. I therefore propose a modification to that model: a regime of double bank shareholder liability …

mandated stricter regulations and arguably increased auditors' liability. In this paper, we analyze the effects of increased … auditor liability on the audit failure rate, the cost of capital, and the level of new investment. We focus on a setting in … emerge: although increasing auditor liability decreases the audit failure rate and the cost of capital for new projects, it …

-purification.In considering tort liability of CRAs, First Amendment protection should not be allowed to CRAs, when they were hired to participate … in structuring CDOs, which substantially impaired the objectivity of their rating business. Contractual liability should …