This study investigates whether Public Company Accounting Oversight Board (PCAOB) inspections of foreign auditors affect global financial reporting comparability. Foreign auditors may adjust audit methodologies to address PCAOB inspection findings, which could affect financial reporting of local...

Brand name audit firms are global networks of local audit firms. These networks claim to enforce consistent audit methodologies across their member firms, which if true, should systematically affect client financial reporting. We find that clients from different countries have more (less)...

Public accountants are in high demand by non-accounting firms. While this demand attracts high-quality accountants to public accounting, it can negatively impact audit quality via disrupting the audit (e.g., through distraction, reduced motivation to work hard, and human capital loss). We find...

Using a comprehensive database of U.S. internal auditor job postings, we find that firms are 9.6% more likely to post an internal auditor job after the revelation of accounting and operational failures. Also, the demand for internal auditors is stronger when a failure is more severe. Among firms...