Impact of Regulatory Interventions and Transitions on Broker-Dealer Audit Quality

<h1>ABSTRACT</h1> <p>IMPACT OF REGULATORY INTERVENTIONS AND TRANSITIONS ON BROKER-DEALER AUDIT QUALITY</p> <p>By</p> <p>Darlene A. Adkins</p> <p> The purpose of this study is to examine the audit quality of public U.S. broker-dealer (BD) entities after the passage of the Dodd-Frank Wall Street and Consumer Protection Act of 2010 (Dodd-Frank Act). Specifically, this study investigates whether there are associations between BD regulatory efforts to protect capital market investors and auditor decision-making during BD audit engagements that occurred between fiscal years 2011 and 2018. The Public Company Accounting Oversight Board (PCAOB) BD audit inspection reports and the enforcement actions lodged against entities provide support for legislators’ and regulators’ concern over BD audit quality following the 2008 financial crisis. This study examines whether BD auditors respond to publicly traded BD audit client oversight by assessing whether there is an association between BD audit quality and both regulatory enforcement actions and increased state-level regulatory presence. In addition, I assess whether audit quality improved following the transfer of BD audit standard-setting responsibility from the accounting industry to the PCAOB. </p>

Name thesis:degree_name

Accounting

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Business Administration

Year dc:date.available

2021

Author dc:creator

• Adkins, Darlene

Contributors dc:contributor

• Dr. John L. Abernathy
• Dr. Dennis Chambers

• audit quality
• broker-dealer industry
• disclosure events
• state registrations
• regulatory intervention
• regulatory oversight
• regulatory transitions
• Accounting
• Business

Repository record dc:identifier

https://digitalcommons.kennesaw.edu/phdba_etd/16

OAI identifier oai:identifier

oai:digitalcommons.kennesaw.edu:phdba_etd-1017