Auditor's perceived business risk and audit fees: analysis and evidence
Article Abstract:
The relation between the audit fee and the auditor's assessment of the risk of litigation arising from association with the client is analyzed. In the presence of high business risk, the firm increases the number of audit hours but not the fee per hour.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2001
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Auditor's perceived business risk and audit fees: analysis and evidence
Article Abstract:
The relation between the audit fee and the auditor's assessment of the risk of litigation arising from association with the client is analyzed. In the presence of high business risk, the firm increases the number of audit hours but not the fee per hour.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
An experimental investigation of retention and rotation requirements
Article Abstract:
The potential increase in auditors' independence due to mandatory rotation and/or retention of auditors is investigated. The auditor independence is increased by mandatory rotation as a stand-alone rule or in conjunction with mandatory retention.
Publication Name: Journal of Accounting Research
Subject: Business
ISSN: 0021-8456
Year: 2001
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