... on audits, we fail to find evidence of a change in audit fees in response to initial S@H mandates. However, S@H mandates are associated with an increase in filing delays. We drill down to explore two mechanisms underlying the effect of COVID-19 on filing delays: increased risk of material misstatement...

... and then as a measured variable. Both of these earlier studies focused on unintended effects of assessing clients' strategic viability on the auditors' assessments of (1) the risk of material misstatement at the account level ( O'Donnell and Schultz 2005 ), and (2) the business risk at the process level...