Auditor Lobbying on Accounting Standards Available to Purchase

We thank Bernie Black and Joshua Ronen (the editors), Daniel Aobdia (the discussant), Judson Caskey, Jeff Cohen, Dain Donelson, Jere Francis, Amy Hutton, Richard Macve, John McInnis, Jaime Schmidt, Susan Shu, Ewa Sletten, Eugene Soltes, Ross Watts, Jerry Zimmerman, and workshop participants at Georgetown University, Harvard Business School, London School of Economics, University of Missouri, Princeton University, University of Rochester, University of Texas at Austin, the 2013 Boston Area Research Colloquium, the 2013 Harvard IMO Conference, and the 2014 AAA Western Region Conference, and the 2016 JLFA Conference for helpful comments; John Sheridan for research assistance; and the Financial Accounting Foundation for help in sourcing data. This paper is based on a previous unpublished manuscript titled “The auditing oligopoly and lobbying on accounting standards.”