large UK accounting firms. Cowling’s monopoly capitalism model provides the theoretical framework. The empirical parts of …

The Phar Mor case involved a massive collusive fraud by management. Although there were no claims the auditors …Finding Auditors Liable for Fraud: What the Jury Heard in the Phar Mor CaseBy David M. Cottrell and Steven M. GloverIn … claims the auditors participated in the fraud, plaintiffs' attorneys were able to convince the jury that the firm was liable …

sanctioned auditors for their association with fraudulent financial statements. All of the cases involved public companies, most …

external audit firm's staff, companies routinely hire ex-auditors to fill numerous types of company positions. Most of these …. Clients often prefer to hire former employees of their audit firm because former auditors typically possess numerous …

archival setting, the association of partner compensation plans and client size with auditors' propensity to issue going …-concern audit opinions to stressed clients. We find no evidence that auditors' going-concern reporting decisions were directly … client size. This interaction suggests that auditors in small-pool firms may be more sensitive to client size than partners …

Big 6 audit firm to differentiate the audit product. Also, if auditors are earning local rents due to enhanced …

expertise.Research limitations/implications ... An implication of this paper is that an increase in thenumber of large auditors ….Practical implications - Policy makers should note that auditor concentration is not only afunction of the number of auditors, but also of …