In this chapter we highlight the differences between audits of private and public companies and review and synthesize the available empirical evidence, which is sparse in comparison to what is available for public companies. The evidence is fragmented and more research is needed in order to...

Are audit partners rewarded for the revenues they generate by selling consulting services? The question is relevant because of the concern that audit firms have focused on consulting services that are more lucrative and have higher margins than auditing, and that the profit orientation may have...