... a new measure, distressed client auditing experience, we find consistent evidence that audit offices with more of such experience exhibit a reduced likelihood of both Type I and Type II GCO misclassifications. In addition, this type of auditor experience helps to reduce audit fees, likely through...

... environmental regulation are likely to increase their risk awareness to a greater extent than their peers in regions with weak environmental regulation. Therefore, we predict that the effects of auditor experience on auditing effort is more pronounced in regions with strong environmental regulation than...