Competition in the Audit Market: Policy Implications
---- Acknowledgements ----
We thank Ray Ball, Mary Barth, J.P. Dubé, Ron Goettler, Bobby Gramacy, Guenter Hitsch, Ali Hortaçsu, Bill Kinney, Dave Larcker, Christian Leuz, Doug Shackelford, Jesse Shapiro, Doug Skinner, Stephen Taylor, Anne Vanstraelen, Mike Willenborg, and workshop participants at Maastricht University, Ohio State University, Stanford University, University of Chicago, University of Connecticut, University of Melbourne, University of North Carolina, University of Technology, Sydney, and the 2012 Illinois Audit Symposium for their comments. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.
---- Disclosure of Financial Relationships for Joseph J. Gerakos ----
Gerakos received funding as a Ph.D. student from the KPMG Foundation.
---- Disclosure of Financial Relationships for Chad Syverson ----
Syverson was paid to discuss issues unrelated to the content of this paper with managers of a firm having operations in the audit industry.