Abstract
Our paper examines whether the regulation reform enacted by the 2010 Dodd-Frank Act was successful in improving the prediction of qualified auditor opinions. Information was compiled on 47 randomly selected industries from 2006 to 2009 and from 2011 to 2012, pre- and post-Act periods. A logit model was developed with the dependent variable indicating whether the firm received a qualified opinion and with the independen tvariables including publicly available financial and stock return variables, and using Altman’s Z-score. The findings of this project shed light on the benefits of the Dodd-Frank Act.
Recommended Citation
Cheng, Xiaoyan; Kwak, Wikil; and Kwak, Kevin
(2016)
"Audit Opinion Prediction Before and After the Dodd-Frank Act,"
Journal of Business, Industry, and Economics: Vol. 21, Article 2.
Available at:
https://roar.una.edu/jobie/vol21/iss1/2