search query: @author Magee, R.P. / total: 2
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| Author: | Dye, R.A. Balachandran, B.V. Magee, R.P. |
| Title: | Contingent fees for audit firms |
| Journal: | Journal of Accounting Research
1990 : AUT. VOL. 28:2, p.239-266 |
| Index terms: | ACCOUNTING ACCOUNTING THEORY |
| Language: | eng |
| Abstract: | The paper analyzes the auditors' attitudes toward contingent fees in a model. Such contract appear inherently undesirable because they might undermine auditors' independence. Nonetheless, auditors in the UK are permitted implicitly accept such contracts. The main result can be phrased as follows: "Bad" auditors (those with low misreporting costs) drive out "good" auditors when the consumers cannot distinguish between them. |
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