Governmental Audit Procurement Practices and Seasoned Bond Prices
Posted: 16 Jul 2014
Date Written: October 1994
Abstract
We evaluate the hypothesis that client monitoring is priced in the seasoned governmental bond market above and beyond other independent measures of local administration quality and the Big 8/Non-Big 8 dichotomy. Our results are generally consistent with the hypothesis.
Keywords: Governmental audit procurement practices, internal controls, compliance, seasoned bond prices
JEL Classification: M41
Suggested Citation: Suggested Citation
Raman, K. K. and Wilson, Earl R., Governmental Audit Procurement Practices and Seasoned Bond Prices (October 1994). Accounting Review, Vol. 69, No. 4, 1994, Available at SSRN: https://ssrn.com/abstract=2466497
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