..., the disclosure of a CAM has a significant, positive total effect on perceived audit quality. This effect, in turn, lowers investors’ perceptions of investment risk. These findings highlight the potential for CAMs to impact investor perceptions and, possibly, subsequent decision making. Data Availability: Data...

...Anna M. Rose; Jacob M. Rose; Carolyn Strand Norman ABSTRACT We examine whether investors alter their assessments of investment risk in response to corrections of material control weaknesses and the nature of the original disclosure of the weaknesses. Rose et al. (2010) find that the effect...