This study examines whether the quality of borrowers' accounting information affects the accuracy and timeliness of credit ratings issued by rating agencies. I consider two possible effects. The news effect posits that higher quality accounting provides better information to credit rating...

Common Business-Oriented Language (COBOL) is a nearly 60-year-old programming language that resides on the majority of mainframe computers that service key industries, such as the banking, healthcare, and insurance industries. Due to its important function in running much of the digital economy,...

In this study, we propose the concept of artificial intelligence co-piloted auditing, emphasizing the collaborative potential of auditors and foundation models, such as LaMDA, DALL-E, and GPT-4, in the auditing domain. We imagine an audit setup where auditors' capabilities are enhanced through...