I argue that external financial reporting quality has at best a 2nd order effect on firm value of U.S. publicly traded … companies and that attempts to improve a firm's external reporting quality has a 3rd order effect on these firms' value …. Recognizing that external financial reporting quality is at best a 2nd order effect on firm value imposes an important external …

examine four accounting-based financial reporting quality proxies and, to reflect broader economics, we examine cost of debt …Are “full audits” cost-effective in improving financial reporting quality compared to “reviews,” which are based …. We find financial reporting quality for both reviews and audits is significantly better than for compilations, but is …

current study examines the role of accounting and financial expertise (AFE) auditors for financial reporting quality (FRQ …The effectiveness of the company's financial reporting system depends on the audit's quality. In this context, the …). Since numerous components work together to determine financial reporting quality, measuring financial reporting quality is …