One potentially positive outcome of Enron's demise could be improving the process by which auditors are selected, retained and compensated. A proposal to reform this aspect of corporate governance is outlined in this essay. In addition, this editorial accomplishes two goals: (a) identification...

This paper has two objectives: (1) providing a method to evaluate directly the costs (benefits) of knowledge spillovers arising from purchasing MAS from the incumbent auditor, and (2) examining the effect of estimates of the cost of auditor change on clients' ability to capture the resulting...

The objective of this paper is to explain the motivation for owners of private companies to voluntarily demand audit (positive) assurance. It is hypothesized that the owner/manager seeks audits as compensatory control systems for the organizational loss of control inherent in hierarchical...