... consequences restatements H1b An engagement partner's recent involvement in restatements decreases the likelihood that the engagement partner will serve new clients acquired by the audit firm. H4 An engagement partner's recent involvement in restatements leads to a decrease in the number...

... jurisdictions, like Quebec. Consistent with these theories, we find fewer restatements for non-U.S. cross-listed firms headquartered in Quebec relative to the rest of Canada (ROC), which has a common law legal origin. When subject to two securities regulators—a Canadian provincial securities regulator...