... with characteristics or clientele similar to those of sanctioned firms are more likely to respond to PCAOB enforcement. This means we would expect spillover benefits associated with the PCAOB’s heightened attention to matters like cryptocurrency risks, special purpose acquisition company accounting policies, Chinese...

...Jack L. Armitage; Shane R. Moriarity SUMMARY This study examines trends in the disciplinary sanctions imposed by the American Institute of Certified Public Accountants (AICPA) over the 35-year period 1980–2014. It reveals that the sizable increase in the number of sanctions that followed the 1988...