Governmental Audit Procurement Practices and Seasoned Bond Prices
Posted: 16 Jul 2014
Date Written: October 1994
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