Gao, Peng; Hrazdil, Karel; Li, Jiyuan; Xia, Jingjing - In: International Journal of Financial Studies : open … 13 (2025) 4, pp. 1-22
Because auditors have access to corporate information, a firm's decision to protect material trade secrets should, in principle, not influence audit effort. We analyze the effects of trade secrecy protection on the audit fees, documenting that firms with redacted information pay significantly...