Irena Hutton

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In this paper, we develop and test a model that connects information production by auditors and analysts to the expected duration of accounting fraud. Using a sample of AAERs issued by the SEC, we find that the likelihood of fraud detection is significantly greater in the quarter following the issuance of audited financial statements. Furthermore, the(More)
A series of deregulatory reforms have promoted accelerated equity issuance at the expense of adequate time for underwriter due diligence. These reforms have gained wide acceptance, raising doubts about the value of due diligence investigations for today's large seasoned issuers. However, recent high-profile corporate scandals indicate that due diligence(More)
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