search query: @indexterm AUDITORS / total: 514
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| Author: | Kaplan. S.E. Roush, P.B. Thorne, L. |
| Title: | Andersen and the market for lemons in audit reports |
| Journal: | Journal of Business Ethics
2007 : FEB II, VOL. 70:4, p. 363-373 |
| Index terms: | asymmetric information auditors |
| Language: | eng |
| Abstract: | This paper discusses the ethical and economic context that existed and facilitated Andersen's failure. The analysis is grounded in Akerlof's theory of the market for lemons, and the market for audit reports is characterized as a market for lemons. The authors consider the appropriateness of the countervailing mechanisms that existed at the time of Andersen's demise that appeared to have effectively failed in counteracting Andersen's ethical shortcomings. |
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