... violators. June 2018 January 2019 2019 Foreign Corrupt Practices Act audit fees business risk bribery contagion peer firms illegal acts FCPA The purpose of the Foreign Corrupt Practices Act of 1977 (FCPA, U.S. Congress 1977 ) is to reduce bribery of foreign officials...

... is positively associated with both current and future audit fees. Additional analyses provide evidence consistent with increased effort combined with increased risk contributing to the current pricing effect, with increased business risk primarily driving the future pricing effect. We, therefore, provide...

... memory errors business risk analytical procedures In this study, I examine how auditors use their evidence-based memories (i.e., existing client knowledge) to resist lies from client management. Professional standards direct auditors to critically evaluate and verify all client-provided...

... of financial reporting, thus decreasing auditors' assessments of audit risk. Hence, auditors tend to charge lower fees to firms in a more competitive industry. On the other hand, product market competition can increase auditors' assessments of business risk. Therefore, audit fees are expected to increase...