Qi, Yue; Yuan, Qingbo - In: China journal of accounting research : CJAR 16 (2023) 1, pp. 1-23
We examine the risk-preparing benefits of Chinese audit firms' professional indemnity insurance (PII) and professional risk fund (PRF) by using the Notice on Adjusting the Application Requirement of Audit Firms for Securities Qualifications as an exogenous shock. This policy requires audit firms...
