The article offers information about the regulatory governance of the Public Company Accounting Oversight Board (PCAOB) effectively deterred low-quality audits. It discusses that small firms were less likely to produce low-quality audits when there were repercussions to a similarly sized firm in their geographic region, large firms responded more to sanctions within their own firm. It suggest that the PCAOB's regulatory efforts have some impact on deterring low-quality audits, ways to improve.