Economic incentives are fundamental for understanding auditor behavior. In this paper, we investigate the association between the extent of partners' fee-based compensation, partners' observable net wealth, and audit quality. Using a sample of Belgian Big 4 audit firms and their predominantly...

pt. 1. The social environment of auditing -- pt. 3. The impact of regulation of auditing -- pt. 3. Research on the process of auditing -- pt. 4. Issues concerned with audit reporting -- pt. 5. Alternative auditing services -- pt. 6. Conclusion.