Evidence is mixed regarding the economic benefits achieved by companies hiring large firms to audit their financial statements. The studies approaching this theme concentrate mostly on public companies in developed markets, ...

Nowadays, private corporations and public institutions are dealing with constant and sophisticated cyberthreats and cyberattacks. As a general warning, organizations must build and develop a cybersecurity culture and ...

The canonical model of Allingham and Sandmo (1972) predicts that firms evade taxes by optimally trading off between the costs and benefits of evasion. However, there is no direct evidence that firms react to audits in this ...

While corruption is documented to have high social costs, the mechanisms that enable and deter corruption are not entirely understood. This paper takes advantage of the introduction of a random-audits program in Brazil, ...

We study the effects of voluntarily contracting an external audit in a sample of small and medium-sized enterprises in the four largest Latin American countries: Argentina, Brazil, Colombia, and Mexico. The evidence shows ...