... the primary objective of financial statements. This study aims to directly explore this issue by examining whether the adoption of the expanded audit report enhances the efficient use of accounting information, as reflected in the reduced mispricing of accruals. We document the following findings. First...

... Meeting, the 2010 International Accounting Section Midyear Meeting, the 2010 European Accounting Association 33rd Annual Congress, and the 2010 American Accounting Association Annual Meeting. Editor's note: Accepted by Michael Welker. 2014 accrual anomaly mispricing analysts' cash flow...