...Keval Amin; Robert Felix; Timothy A. Seidel SUMMARY We examine whether companies preemptively shop for a more favorable auditor to avoid timely goodwill impairment charges. We further examine the success and ramifications and the conditions that give rise to these decisions. Adapting the “what...

...Nusrat Jahan; M. Sydul Karim SUMMARY We investigate whether the new critical audit matters (CAMs) disclosure requirement for auditors under the PCAOB Standard AS 3101 affects audited firms’ financial reporting decisions in the context of goodwill impairment recognition. We argue that an auditor's...

... for the quality of a firm's ICFR and use future goodwill impairment to proxy for the quality of managers' M&A decisions. We find that goodwill recognized from acquisitions in years concurrent with ICMWs has a greater rate of impairment in subsequent years than goodwill recognized from acquisitions in years...