The ultimate objective of financial reporting is to provide transparent financial statements and disclosures that meet the informational needs of investors and other users of financial statements. One of the primary goals of the Sarbanes-Oxley Act (USHR 2002) is to provide more reliable...

We address whether SOX 404(b) internal control audits under two auditing standards regimes and SOX 404(a) management assessments are associated with improved internal control system quality, an important and largely unstudied potential benefit. In 2013, the PCAOB disclosed fifteen percent of...

This paper examines the role and function of the Public Company Accounting Oversight Board (PCAOB) noting whether or not it is a constitutional entity as well as how it's over zealous regulations cause the creation of Auditing Standard No. 5 (AS 5) an Audit Internal Control over Financial...