The rising prominence of fair values and other estimates (FVOEs) to financial reporting
increases their significance to the audit. Based on inspections that report numerous deficiencies, …

This study examines the market-wide relations between the US stock market and the credit
default swap (CDS) market for the period of 2001-2007. Results indicate that the lead-lag …

This study explores multiple means of governance and monitoring in bank holding companies
and their impact on performance and executive compensation. We exploit variables …

The case explores the regulatory and technical guidance related to auditing inventories and
asks you to leverage technology by utilizing automated systems to aid in the traditional …

The savings and loan crisis of the 1980s revealed the vulnerability of some depository
institutions to changes in interest rates. Since that episode, US bank supervisors have placed …

Using a sample of banks and bank holding companies, I test whether an accounting-based
duration measure is associated with ex-post measures of rate sensitivity while controlling for …

We investigate whether the market reaction to restatements is different during the implementation
period of the Sarbanes-Oxley Act (2002-2003) compared to the current period (2004-…

This article examines the condition of US commercial banks of various sizes since the early
1990s, with an emphasis on differences between the condition of community banks and …

" CEO Incentives: It's Not How Much You Pay, But How." Jensen and Murphy emphasize that
CEOs respond to incentives, and executive compensation is first and foremost an incentive …

This study investigates the role of prudence (management's focus on the long-term viability
of the organization) in accounting for bank loan loss estimates. The results of this study …