American Institute of Certified Public Accountants. (1997). Serving the public interest: A new conceptual framework for auditor independence. New York City: American Institute of Certified Public Accountants.
Ashbaugh, H., LaFond, R., & Mayhew, B. (2003). Do nonaudit services compromise auditor independence? Further evidence. The Accounting Review, 78, 611–639.
Becker, C., DeFond, M., Jiambalvo, J., & Subramanyam, K. R. (1998). The effect of audit quality on earnings management. Contemporary Accounting Research, 15
Biggs, J. H. (2000). Auditors and consultants shouldn’t be too close. The Wall Street Journal, July 13, 2000, C1.
Choi, S. K., & Salamon, G. (1989). External reporting and capital asset prices. In C. F. Lee (Ed.), Advances in quantitative analysis of finance and accounting, 3(Part A), 85–110.
Chung, H., & Kallapur, S. (2003). Client importance, nonaudit services, and abnormal accruals. The Accounting Review, 78, 931–955.
Collins, D. W., & Kothari, S. P. (1989). An analysis of intertemporal and cross-sectional determinants of earnings response coefficients. Journal of Accounting and Economics, 11
Cook, R. D. (1977). Detection of influential observations in linear regression. Technometrics, 19
Copeland, J. E. (2000). Accounting ain’t broke, so don’t fix it. The Wall Street Journal, July 25, C1.
Cornell, B., & Landsman, W (1989). Security price response to quarterly earnings announcements and analysts’ forecasts revisions. The Accounting Review, 64, 680–692.
Craswell, A., Stokes, D., & Laughton, J. (2002). Auditor independence and fee dependence. Journal of Accounting and Economics, 33
Dechow, P., Sloan, R., & Sweeney, A. (1995). Detecting earnings management. The Accounting Review, 70, 193–225.
Defond, M., Raghunandan, K., & Subramanyam, K. R. (2002). Do nonaudit service fees impair auditor independence? Evidence from going concern audit opinions. Journal of Accounting Research, 40
Easton, P., & Zmijewski, M. (1989). Cross-sectional variation in the stock market response to the announcement of accounting earnings. Journal of Accounting and Economics, 11
Elliot, J., & Hanna, J. D. (1996). Repeated accounting write-offs and the information content of earnings. Journal of Accounting Research, 36
Francis, J., & Ke, B. (2003). Do fees paid to auditors increase a company’s likelihood of meeting analysts’ earnings forecasts? Working Paper, University Of Missouri and Penn State University.
Francis, J., Maydew, E., & Sparks H. C. (1999). The role of big 6 auditors in the credible reporting of accruals. Auditing: A Journal of Practice and Theory, 18, 17–34.
Frankel, R. M., Johnson, M. F., & Nelson, K. K. (2002). Auditor independence and earnings quality. The Accounting Review, 77(Supplement), 71–105.
Freeman, R., & Tse, S. (1992). A nonlinear model of security price responses to unexpected earnings. Journal of Accounting Research, 30
Hayn, C. (1995). The information content of losses. Journal of Accounting and Economics, 20
Holthausen, R., & Verrecchia R. (1988). The effect of sequential information releases on the variance of price changes in an intertemporal multi-asset market. Journal of Accounting Research, 26
Kormendi, R., & Lipe, R. (1987). Earnings innovations, earnings persistence, and stock returns. Journal of Business, 60
Kripke, H. (1979). The SEC and corporate disclosure: Regulation in search of a purpose. New York City: Business & Law, Inc.
Larcker, D., & Richardson, S. (2004). Fees paid to audit firms, accrual choices, and corporate governance. Journal of Accounting Research, 42
Levitt, A. (1998). The ‘numbers game.’ Remarks of SEC Chairman Arthur Levitt at the New York University Center for Law and Business, New York, NY, September 28, 1998.
Levitt, A., & Dwyer, P. (2002). Take on the street: What Wall Street and Corporate America don’t want you to know. New York City: Pantheon Books.
Mendenhall, R., & Nichols, W. (1988). Bad news and differential market reactions to announcements of earlier-quarters versus fourth-quarter earnings. Journal of Accounting Research, 26
Reynolds, J. K., Deis, D., & Francis, J. (2004). Professional service fees and auditor objectivity. Auditing: A Journal of Practice and Theory, 23
Reynolds, J. K., & Francis, J. (2000). Does size matter? The influence of large clients on office-level auditor reporting decisions. Journal of Accounting and Economics, 30
Rogers, W. H. (1993). sg17: Regression standard errors in clustered samples. Stata Technical Bulletin, 13, 19–23.
Sas No. 1. (1972). Statement on Auditing Standards No. 1. New York City: American Institute of Certified Public Accountants.
Seligman, J. (1982). The transformation of Wall Street: A history of the securities and exchange commission and modern corporate finance. Boston: Houghton Mifflin.
Securities and Exchange Commission. (2000a). Proposed rule: Revision of the commission’s auditor independence requirements. 17 CFR Parts 210 and 240 (Release Nos. 33-7870; 34-42994; 35-27193; IC-24549; IA-1884; File No. S7-13-00). Washington, D.C.
Securities and Exchange Commission. (2000b). Hearing on auditor independence. September 21, 2000. http://www.sec.gov/rules/extra/audmin4.htm
Securities and Exchange Commission. (2000c). Revision of the Commission’s Auditor Independence Requirements (Release Nos. 33-7919; 34-43602; File No. S7-13-00). Washington, D.C.
Teoh, S. H., & Wong, T. J. (1993). Perceived auditor quality and the earnings response coefficient. The Accounting Review, 68, 346–366.
Unger, L. S. (2001). This year’s proxy season: Sunlight shines on auditor independence and executive compensation. Remarks of Acting SEC Chairman L. S. Unger at the Center for Professional Education, Inc., Washington, D.C., June 25, 2001.
Whisenant, S., Sankaraguruswamy, S., & Raghunandan, K. (2003) Evidence on the joint determination of audit and nonaudit fees. Journal of Accounting Research, 41
Zmijewski, M. (1984). Methodological issues related to the estimation of financial distress prediction models. Journal of Accounting Research, 22