SEARCH

SEARCH BY CITATION

REFERENCES

  • Abdel-Khalik, A. R. (1993), ‘Why do private companies demand auditing? A case for organizational loss of control’, Journal of Accounting, Auditing and Finance, Vol. 8, No. 1, pp. 3152.
  • Ackert, L. F., Church, B. K. & Sankar, M. R. (2000), ‘Voluntary disclosure under imperfect competition: Experimental evidence’, International Journal of Industrial Organization, Vol. 18, No. 1, pp. 81105.
  • Baker, C. R., Mikol, A. & Quick, R. (2001), ‘Regulation of the statutory auditor in the European Union: A comparative survey of the United Kingdom, France and Germany’, The European Accounting Review, Vol. 10, No. 4, pp. 76386.
  • Ball, R. & Shivakumar, L. (2005), ‘Earnings quality in UK private firms: Comparative loss recognition timeliness’, Journal of Accounting and Economics, Vol. 39, No. 1, pp. 83128.
  • Baumol, W., Panzar, J. & Willig, R. (1988), Contestable Markets and the Theory of Industry Structure, Revised Edn, San Diego, CA: Harcourt Brace Jovanovich.
  • Beasley, M. S. & Petroni, K. R. (2001), ‘Board independence and audit-firm type’, Auditing: A Journal of Practice and Theory, Vol. 20, No. 1, pp. 97114.
  • Beatty, R. (1989), ‘Auditor reputation and the pricing of initial public offerings’, The Accounting Review, Vol. 64, October, pp. 693709.
  • Becker, C., DeFond, M., Jiambalvo, J. & Subramanyam, K. (1998), ‘The effect of audit quality on earnings management’, Contemporary Accounting Research, Vol. 15, pp. 124.
  • Behn, B. K., Carcello, J. V., Hermanson, D. R. & Hermanson, R. H. (1997), ‘The determinants of audit client satisfaction among clients of Big Six firms’, Accounting Horizons, Vol. 11, pp. 724.
  • Berger, P. & Hann, R. (2007), ‘Segment profitability and the proprietary and agency costs of disclosure. The Accounting Review, Vol. 82, No. 4, pp. 869906.
  • Bergström, C., Eisenberg, T. & Sundgren, S. (2004), ‘On the design of efficient priority rules for secured creditors: Empirical evidence from a change in law’, European Journal of Law and Economics, Vol. 18, No. 3, pp. 27397.
  • Blackwell, D. W., Noland, T. R. & Winters, D. B. (1998), ‘The value of auditor assurance: Evidence from loan pricing’, Journal of Accounting Research, Vol. 36, No. 1, pp. 5770.
  • Botosan, C. (1997), ‘Disclosure level and the cost of equity capital’, Accounting Review, Vol. 72, No. 3, pp. 32349.
  • Botosan, C. & Stanford, M. (2005), ‘Managers' motives to withhold segment disclosures and the effect of SFAS No. 131 on analysts' information environment’, The Accounting Review, Vol. 80, pp. 75172.
  • Carey, P., Simnett, R. & Tanewski, G. (2000), ‘Voluntary demand for internal and external auditing by family businesses’, Auditing: A Journal of Practice and Theory, Vol. 19, Suppl., pp. 3751.
  • Casterella, J., Jensen, K. & Knechel, W. R. (2003), ‘Audit litigation in regional and local audit firms: An empirical study of professional malpractice claims’, Working Paper, University of Florida.
  • Causholli, M. & Knechel, W. R. (2007), ‘Lending relationships, IPOs, and the effect of auditor quality on the cost of debt’, Working paper, University of Florida.
  • Chaney, P., Jeter, D. & Shivakumar, L. (2004), ‘Self-selection of auditors and audit pricing in private firms’, The Accounting Review, Vol. 79, No. 1, pp. 5172.
  • Chow, C. W. (1982), ‘The demand for external auditing: Size, debt and ownership influences’, The Accounting Review, Vol. 57, No. 2, pp. 27291.
  • Colbert, G. & Murray, D. (1998), ‘The association between auditor quality and auditor size: An analysis of small CPA firms’, Journal of Accounting, Auditing and Finance, Vol. 13, No. 2, pp. 13550.
  • Conlisk, J. (1996), ‘Why bounded rationality? Journal of Economic Literature, Vol. 34, June, pp. 669700.
  • Darrough, M. N. & Stoughton, N. M. (1990), ‘Financial disclosure policy in an entry game’, Journal of Accounting and Economics, Vol. 12, Nos. 1–3, pp. 21943.
  • Das, S. & Sengupta, S. (2001), ‘Asymmetric information, bargaining, and international mergers’, Journal of Economics and Management Strategy, Vol. 10, No. 4, pp. 56590.
  • DeAngelo, L. E. (1981), ‘Auditor size and audit quality’, Journal of Accounting and Economics, Vol. 3, No. 3, pp. 18399.
  • Dechow, P., Sloan, R. & Sweeney, A. (1996), ‘Causes and consequences of earnings management: An analysis of firms subject to enforcement actions by SEC’, Contemporary Accounting Research, Vol. 13, No. 1, pp. 136.
  • Dechow, P., Hutton, A. &. Sloan, R. (1999), ‘An empirical assessment of the residual income valuation model’, Journal of Accounting and Economics, Vol. 26, Nos. 1–3, pp. 134.
  • Dedman, E. & Lennox, C. (2007), ‘Managers' perceptions of product market competition, profitability and firms' voluntary disclosures of sales', Working paper, Hong Kong University of Science and Technology.
  • DeFond, M. L. (1992), ‘The association between changes in client firm agency costs and auditor switching’, Auditing: A Journal of Practice and Theory, Vol. 11, No. 1, pp. 1631.
  • DeFond, M. L. & Jiambalvo, J. (1994), ‘Debt covenant violation and manipulation of accruals’, Journal of Accounting and Economics, Vol. 17, Nos. 1–2, pp. 14576.
  • Deis, D. R. Jr. & Giroux, G. A. (1992), ‘Determinants of audit quality in the public sector’, The Accounting Review, Vol. 67, July, pp. 46279.
  • Doupnik, T. S. & Salter, S. B. (1993), ‘An empirical test of a judgmental international classification of financial reporting practices’, Journal of International Business Studies, Vol. 24, No. 1, pp. 4160.
  • Duke, J. & Hunt, H. (1990), ‘An empirical investigation of debt covenant restrictions and accounting related debt proxies’, Journal of Accounting and Economics, Vol. 12, Nos. 1–3, pp. 4563.
  • Dulleck, W. & Kerschbamer, R. (2006), ‘On doctors, mechanics and computer specialists’, Journal of Economic Literature, Vol. 44, No. 1, pp. 542.
  • European Commission (1996), Green Paper: The Role, the Position and the Liability of the Statutory Auditor within the European Union, Brussels: Commision of the European Communities.
  • European Commission (1998), Communication from the Commission: The Statutory Audit in the European Union: the Way Forward, Brussels: Commision of the European Communities.
  • European Commission (2000), Commission Recommedation: Quality Assurance for the Statutory Audit in the EU: Minimum, Brussels: Commision of the European Communities.
  • European Commission (2003), Communication from the Commission: Reinforcing the Statutory Audit in the European Union, Brussels: Commision of the European Communities.
  • Francis, J. R. & Simon, D. T. (1987), ‘A test of audit pricing in the small-client segment of the US audit markets’, The Accounting Review, Vol. 62, January, pp. 14557.
  • Francis, J. R. & Wilson, E. R. (1988), ‘Auditor changes: A joint test of theories relating to agency costs and auditor differentiation’, The Accounting Review, Vol. 63, No. 4, pp. 66382.
  • Francis, J. R., Maydew, E. L. & Sparks, H. C. (1999), ‘The role of Big Six auditors in the credible reporting of accruals’, Auditing: A Journal of Practice and Theory, Vol. 18, No. 2, pp. 1734.
  • Gaeremynck, A. & Willekens, M. (2003), ‘The endogenous relationship between audit-report type and business termination: Evidence on private firms in a non-litigious environment’, Accounting and Business Research, Vol. 33, No. 1, pp. 6579.
  • Ge, W. & McVay, S. (2005), ‘The disclosure of material weaknesses in internal control after the Sarbanes-Oxley Act’, Accounting Horizons, Vol. 19, September, pp. 13758.
  • Grant, R. (1998), Contemporary Strategy Analysis – Concepts, Techniques, Applications, (3rd edn), Malden, MA: Blackwell Publishers.
  • Gul, F. A. & Tsui, J. S. L. (2001), ‘Free cash flow, debt monitoring, and audit pricing: Further evidence on the role of director equity ownership’, Auditing: A Journal of Practice and Theory, Vol. 20, No. 2, pp. 7184.
  • Harris, M. (1998), ‘The association between competition and managers' business segment reporting decision’, Journal of Accounting Research, Vol. 36, No. 1, pp. 11128.
  • Hay, D. & Davis, D. (2004), ‘The voluntary choice of an audit of any level of quality’, Auditing: A Journal of Practice and Theory, Vol. 23, September, pp. 3753.
  • Hay, D. & Knechel, W. R. (2005), ‘Evidence on the association among elements of control and external assurance’, Unpublished working paper, University of Auckland.
  • Hay, D. & Knechel, W. R. (2007), ‘The effects of advertising and solicitation on audit pricing’, Unpublished working paper, University of Auckland.
  • Hay, D., Knechel, W. R. & Wong, N. (2006), ‘Audit fees: A meta-analysis of the effect of supply and demand attributes’, Contemporary Accounting Research, Vol. 23, Spring, pp. 14192.
  • Hosmer, D. & Lemeshow, S. (1989), Applied Logistic Regression, New York: John Wiley & Sons.
  • Jaggi, B. & Low, P. Y. (2000), ‘Impact of culture, market forces, and legal system on financial disclosures’, The International Journal of Accounting, Vol. 35, No. 4, pp. 495519.
  • Jensen, C. M. & Meckling, H. W. (1976), ‘Theory of the firm: Managerial behavior, agency costs and ownership structure’, Journal of Financial Economics, Vol. 3, No. 4, pp. 30560.
  • Johnson, W. B. & Lys, T. (1990), ‘The market for audit services: Evidence from voluntary auditor changes’, Journal of Accounting and Economics, Vol. 12, Nos. 1–3, pp. 281308.
  • Kinney, J. R. Jr. & McDaniel, L. S. (1989), ‘Characteristics of firms correcting previously reported quarterly earnings’, Journal of Accounting and Economics, Vol. 11, No. 1, pp. 7193.
  • Knechel, W. R. (2001), Auditing: Assurance and Risk, 2nd edn, Cincinnati, OH: SouthWestern College Publishing.
  • Knechel, W. R. (2002), ‘The role of the independent accountant in effective risk management’, Tijdschrift voor Economie en Management, Vol. XI, pp. 6586.
  • Knechel, W. R. & Vanstraelen, A. (2007), ‘The relationship between auditor tenure and audit quality implied by going concern opinions’, Auditing: A Journal of Practice and Theory, Vol. 26, No. 1, pp. 11331.
  • Krishnan, G. V. (2003), ‘Audit quality and the pricing of discretionary accruals’, Auditing: A Journal of Practice and Theory, Vol. 22, No. 1, pp. 10926.
  • Krishnan, J. & Schauer, P. C. (2000), ‘The differentiation of quality among auditors: Evidence from the not-for-profit sector’, Auditing: A Journal of Practice and Theory, Vol. 19, No. 2, pp. 925.
  • LaPorta, R., Lopez-de-Silanes, F., Shleifer, A. & Vishny, R. W. (1998), ‘Law and finance’, Journal of Political Economy, Vol. 106, pp. 111355.
  • Lennox, C. (1999), ‘Are large auditors more accurate than small auditors? Accounting and Business Research, Vol. 29, No. 3, pp. 21727.
  • Loft, A. & Jeppesen, K. K. (2001), ‘Harmonizing the education and qualification of auditors? Implementing the EU's Eighth Directive in Denmark’, Proceedings of First European Auditing Research Network Symposium, University of Wuppertal and University of Essen, pp. 5581.
  • Loughran, T. & Ritter, J. R. (1997), ‘The operating performance of firms conducting seasoned equity offerings’, Journal of Finance, Vol. 52, December, pp. 182350.
  • Mansi, S. A., Maxwell, W. F. & Miller, D. P. (2004), ‘Does auditor quality and tenure matter to investors? Evidence from the bond market’, Journal of Accounting Research, Vol. 42, No. 4, pp. 75593.
  • Margerison, J. & Moizer, P. (1996), ‘Auditor licensing in The European Union: A comparative study based on cultural differences’, The European Accounting Review, Vol. 5, No. 1, pp. 2956.
  • Moizer, P. (1997), ‘Auditor reputation: The international empirical evidence’, International Journal of Auditing, Vol. 1, No. 1, pp. 6174.
    Direct Link:
  • Newton, J. D. & Ashton, R. H. (1989), ‘The association between audit report technology and audit delay’, Auditing: A Journal of Practice and Theory, Vol. 8, Suppl., pp. 2237.
  • Niemi, L. (2002), ‘Do firms pay for audit risk? Evidence on risk premiums in audit fees after direct control for audit effort’, International Journal of Auditing, Vol. 6, No. 1, pp. 3751.
  • Niemi, L. (2004), ‘Auditor size and audit pricing: Evidence from small audit firms’, European Accounting Review, Vol. 13, No. 3, pp. 54160.
  • Niemi, L. (2005), ‘Audit effort and fees under concentrated client ownership: Evidence from four international audit firms’, The International Journal of Accounting, Vol. 40, No. 4, pp. 30323.
  • Niemi, L. & Sundgren, S. (2008), Auditing, Trust & Governance – Regulation in Europe (eds. Quick, R., S.Turley, and M.Willekens), London: Routledge.
  • Nobes, C. W. (1983), ‘A judgmental international classification of financial reporting practices’, Journal of Business, Finance & Accounting, Vol. 10, No. 1, pp. 119.
  • Ohlson, J. (1995), ‘Earnings, book values and dividends in equity valuation’, Contemporary Accounting Research, Vol. 11, No. 2, pp. 66187.
  • Palmrose, Z.-V. (1988), ‘An analysis of auditor litigation and audit service quality’, The Accounting Review, Vol. 63, No. 1, pp. 5573.
  • Pitman, J. A. & Fortin, S. (2004), ‘Auditor choice and the cost of debt capital for newly public firms’, Journal of Accounting and Economics, Vol. 37, No. 1, pp. 11336.
  • Porter, M. E. (1980), Competitive Strategy: Techniques for Analyzing Industries and Competitors. New York: Free Press.
  • Saarikivi, M.-L. (1999), ‘Tilintarkastajan riippumattomuus’ (Auditor independence, in Finnish). Doctoral thesis, No A-155. Helsinki School of Economics.
  • Sercu, P., Vander Bauwhede, H. & Willekens, M. (2002), ‘Earnings quality in privately held firms: The roles of audits, stakeholders and governance mechanisms’, unpublished working paper, KULeuven.
  • Simunic, D. A. & Stein, M. T. (1987), Product Differentiation in Auditing: Auditor Choice in the Market for Unseasoned New Issues, Vancouver, BC: The Canadian Certified General Accountants' Research Foundation.
  • Smith, C. & Warner, J. (1979), ‘On financial contracting: An analysis of bond covenants’, Journal of Financial Economics, Vol. 7, No. 2, pp. 11761.
  • Spohr, J. (2004), ‘Earnings management and IPOs – evidence from Finland’, The Finnish Journal of Business Economics, Vol. 53, No. 2, pp. 15772.
  • Stice, J. D. (1991), ‘Using financial and market information to identify pre-engagement factors associated with lawsuits against auditors’, The Accounting Review, Vol. 66, No. 3, pp. 51634.
  • Stiglitz, J. (1987), ‘Competition and the number of firms in a market: Are duopolies more competitive than atomistic markets? Journal of Political Economy, Vol. 95, No. 5, pp. 104161.
  • Sundem, G. L., Dukes, R. E. & Elliott, J. A. (1996), The Value of Information and Audits, New York: Coopers & Lybrand.
  • Sundgren, S. (1998), ‘Auditor choices and auditor reporting practices: Evidence from Finnish small firms’, European Accounting Review, Vol. 7, No. 3, pp. 44165.
  • Sundgren, S. & Johansson, C. (2004), ‘The effects of the auditor's professional qualification and the firm's financial health on depreciation in Finland’, Accounting and Business Research, Vol. 34, No. 2, pp. 12543.
  • Teoh, S. H. & Wong, J. J. (1993), ‘Perceived auditor quality and the earnings response coefficient’, The Accounting Review, Vol. 68, April, pp. 34666.
  • Vander Bauwhede, H. & Willekens, M. (2004), ‘Evidence on (the lack of) audit-quality differentiation in the private client segment of the Belgian audit market’, European Accounting Review, Vol. 13, No. 3, pp. 50122.
  • Vander Bauwhede, H., Willekens, M. & Gaeremynck, A. (2003), ‘Audit firm size, public ownership, and firms' discretionary accruals management’, The International Journal of Accounting, Vol. 38, No. 1, pp. 122.
  • Vanstraelen, A. (2002), ‘Auditor economic incentives and going-concern opinions in a limited litigious Continental European business environment: Empirical evidence from Belgium’, Accounting and Business Research, Vol. 32, No. 3, pp. 17186.
  • Verrechia, R. E. (1990), ‘Endogeneous proprietary costs through firm interdependence’, Journal of Accounting and Economics, Vol. 12, No. 4, pp. 24550.
  • Verrechia, R. E. & Weber, J. (2006), ‘Redacted disclosure’, Journal of Accounting Research, Vol. 44, No. 4, pp. 791814.
  • Wallace, W. (1981), The Economic Role of the Audit in Free and Regulated Markets, http://raw.rutgers.edu/raw/wallace/homepage.html
  • Watts, R. L. & Zimmerman, J. L. (1986). Positive Accounting Theory, Englewood Cliffs, NJ: Prentice-Hall.
  • Willekens, M. & Achmadi, C. (2003), ‘Pricing and supplier concentration in the private client segment of the audit market: Market power or competition? The International Journal of Accounting, Vol. 38, No. 4, pp. 43155.