... auditor turnover audit fees going-concern opinions internal control weaknesses The onset and conclusion of auditor-client relationships are events that have significant implications for audit clients. Prior research has largely focused on the initial years of the auditor-client relationship...

... that are less complete at the earnings announcement date are associated with a higher likelihood of financial statement misstatements in audit areas that are typically performed toward the end of audit fieldwork. We also find a higher likelihood of auditor turnover during the following year. Taken together...