This paper examines the relation between audit fees and accruals from a balance sheet auditing perspective. We argue that the underlying economic characteristics of various transactions, as reflected in the articulation-based accruals in Casey et al. (2017), are predictably associated with audit...

We build a modified measure of disaggregation quality (MDQ), based on the disaggregation quality (DQ) measure from Chen, Miao, and Shevlin (2015). Like DQ, MDQ is a parsimonious measure of data disaggregation quality in the annual report that can be constructed through the percentage of...

Using the Financial Statement Balancing Model (FSBM) from Compustat, we examine whether financial statement data articulate for 10,681 U.S. non-financial firms for 24 years, a total of 92,951 firm years. We accomplish three specific research goals. First, we build the first formal model of...

This paper studies whether independent research analysts issue more informative stock recommendation revisions than non-independent analysts. I find independent analyst recommendation upgrades and downgrades significantly less informative. I also investigate whether the identified differences in...