search query: @indexterm LITIGATION / total: 152
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| Author: | Krishnan, J. Krishnan, J. |
| Title: | Litigation risk and auditor resignations |
| Journal: | Accounting Review
1997 : OCT, VOL. 72:4, p. 539-560 |
| Index terms: | ACCOUNTING RISK LITIGATION |
| Language: | eng |
| Abstract: | Litigation against auditors has increased dramatically in recent years. Auditors can offset litigatio risk in a number of ways, including improved audit quality and planning, increases in audit fees and increases in the issuance of modified opinions. Auditors can also adjust their client portfolios by becoming more selective in their choice of new clients and by withdrawing from high-risk engagements. The authors test the hypothesis that litigation risk motivates auditor resignations by comparing resignation companies with two groups of client companies that dismissed their auditors. |
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