Our previous attempt resulted in a paper by the same five authors, "Quantum information and accounting information: their salient features and conceptual applications," published in the July-August 2006 issue of the Journal of Accounting and Public Policy. We now extend the previous paper to...

We analyse the auditing procurement process when the client is initially uncertain about her/her auditing needs and when she/he cannot discern the level of assurance provided by the auditor. The client's limited information can lead to under-auditing and substantial rent for auditors, despite...