A company officer is an "alumnus" if he previously worked for an audit firm. Iyer et al. (1997) find alumni have ties with their former audit firms and alumni are more inclined to provide economic benefits to former firms if they have stronger ties. If the alumnus is a senior corporate officer,...

A series of corporate failures in which auditors failed to warn investors about impending bankruptcy has led to widespread public criticism of the auditing profession. This paper evaluates the accuracy and information content of audit reports for 976 UK publicly quoted companies between 1987-94....

Many scholars view path analysis as a tool to disentangle direct and indirect causal effects. Path analysis has become increasingly popular in the accounting literature with the number of papers using this methodology surging over the past decade. We provide two criticisms of the way path...

This editorial first summarizes the changes to the regulatory landscape that have primarily affected the auditing profession. I then discuss the content of the four papers contained in this special issue. Finally, I put these papers into context by outlining the major findings in the empirical...

In the following document we provide an extensive synthesis of the academic literature broadly related to reporting by auditors with respect to the issue of going-concern. Our intent is to provide information to the Public Company Oversight Board (PCAOB) that may prove to be useful in their...

This paper tests whether companies engage in opinion shopping and examines the role of audit committees when auditors are dismissed (1996-98). There are three findings. First, US companies strategically dismiss when incumbent auditors are more likely to issue unfavorable audit opinions compared...