... to attract new clients following the “steal the exam” scandal is essential because high auditor switching costs ( Beattie and Fearnley 1995 ; Stefaniak, Robertson, and Houston 2009 ) make reputational damages difficult to detect in client defections. In essence, an examination of client retention focuses...

... by participants at the 2015 AAA Auditing Midyear Meeting. Editor's note: Accepted by Susan W. Scholz. April 2015 September 2016 2017 audit pricing auditor switches audit market concentration lowballing Increasingly, regulators, standard setters, and audit clients have...