The Gresham's law of measurement and audit quality indicators: Implications for policy making and standard-setting

We use a philosophy of science approach, including concepts such as information integrity, feedback vs. measurement, static vs. dynamic measures, and look back and look-forward dimensions to evaluate and critique the 2015 Public Company Accounting Oversight Board (PCAOB) Concept Release on Audit Quality Indicators. Toward the end, we also provide a list of potential topics worthy of further examination.