The Financial and Market Effects of the SEC's Accounting and Auditing Enforcement Releases | Semantic Scholar
@article{Feroz1991TheFA,
title={The Financial and Market Effects of the SEC's Accounting and Auditing Enforcement Releases},
author={Ehsan H. Feroz and Kyungjoo Park and Victor S. Pastena},
journal={Forensic Economics eJournal},
year={1991},
url={https://api.semanticscholar.org/CorpusID:154656682}
}Abstracted in the Journal of Economic Literature, September 1992, this paper explores three questions related to the SEC's accounting enforcement program: (1) what types of accounting and auditing problems motivate enforcement actions, (2) what are the consequences of investigations on targets' financial statements, managers, and auditors, and (3) how do investors and other market agents view the SEC's actions? The SEC enforcement program, which consists of investigations and subsequent…