Reply to Karpoff et al. (2012), 'A Critical Analysis of Databases Used in Financial Misconduct Research'

14 Pages Posted: 10 Aug 2012  

Michael Pakaluk

Busch School of Business and Economics

Date Written: August 8, 2012

Abstract

Karpoff et al. allege that four important sources of information for accounting research, including the Audit Analytics Restatements Database, are afflicted by systematic false positives, false negatives, duplicate records, and inaccurate dates. These allegations lack any empirical support. It is shown that these allegations are based instead upon a misleading abuse of language and crude misunderstandings of research methodology.

Keywords: Restatements, Audit Analytics, Financial Misconduct, Fraud

Suggested Citation

Pakaluk, Michael, Reply to Karpoff et al. (2012), 'A Critical Analysis of Databases Used in Financial Misconduct Research' (August 8, 2012). Available at SSRN: https://ssrn.com/abstract=2127460 or http://dx.doi.org/10.2139/ssrn.2127460

Michael Pakaluk (Contact Author)

Busch School of Business and Economics ( email )

116 McMahon Hall
Washington, DC 20064
United States

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