Governmental Audit Procurement Practices and Seasoned Bond Prices

Posted: 16 Jul 2014

See all articles by K. K. Raman

K. K. Raman

The University of Texas at San Antonio

Earl R. Wilson

University of Missouri at Columbia - Robert J. Trulaske, Sr. College of Business

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

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

K. K. Raman (Contact Author)

The University of Texas at San Antonio ( email )

One UTSA Circle
San Antonio, TX 78249
United States
210-458-8749 (Phone)

Earl R. Wilson

University of Missouri at Columbia - Robert J. Trulaske, Sr. College of Business ( email )

School of Accountancy
Columbia, MO 65211
United States
573-882-3225 (Phone)
573-882-2437 (Fax)

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