Auditor Litigation Risk and the Number of Institutional Investors PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Auditor Litigation Risk and the Number of Institutional Investors PDF full book. Access full book title Auditor Litigation Risk and the Number of Institutional Investors by Cory A. Cassell. Download full books in PDF and EPUB format.

Auditor Litigation Risk and the Number of Institutional Investors

Auditor Litigation Risk and the Number of Institutional Investors PDF Author: Cory A. Cassell
Publisher:
ISBN:
Category :
Languages : en
Pages :

Get Book Here

Book Description
We investigate whether auditors are sensitive to litigation risk related specifically to having greater numbers of institutional investors that hold the common stock of a given client. Our findings suggest that audit fees are higher when the number of institutional investors holding stock in the company is greater. Additional tests corroborate our inference that the association between audit fees and the number of institutional investors is related to litigation risk. The importance of improving our understanding of auditors' sensitivity to factors that increase litigation exposure is highlighted by the number and magnitude of lawsuits filed against auditors relating to the audits of public clients.