We examine the impact of informal cultural attributes, such as generalized trust and civic cooperation in a society, on the presence of Big N auditors and audit fees in country-specific audit markets. On one hand, because societies with higher trust and civic cooperation are associated with low...

Equity crowdfunding (ECF) refers to the process of raising capital by selling securities through the internet to small, non-accredited investors. The ECF market is regulated by the SEC and the requirements include provision of assured financial statements. Assurance can be provided in one of...

We examine the effect of changes in audit risk standards on the conduct of financial statement audits in a European setting. We investigate this by analysing the audit hours and audit fees for clients of Big 4 audit firms in Finland in 1996 and 2010. Our results show that audit firms became more...

This paper draws from the service science and professional service literatures to conceptualize financial auditing as an economic service. A central characteristic of economic services is the participation of the customer/client in the production process. The necessity of having the...

This paper examines the association between audit-firm characteristics and audit-related litigation risk. Previous litigation risk studies have been limited to examining audit-client characteristics, as audit-firm data has generally been unavailable, or available only for a very small set of...

This paper examines whether peer review conducted under the AICPA's self-regulatory regime has been effective at signaling audit quality. In spite of the long-standing debate about self-regulated peer review in the auditing profession, there is a surprising lack of research evidence as to...

The purpose of this paper is to integrate research on audit markets, fees and production. We present a model of the components that determine audit fees and production [hours]. We observe that, overall, knowledge is concentrated on certain aspects of the model and it is not well-integrated. In...