Audit and Nonaudit Fees and the Market's Reaction to Earnings Announcements

By J. Higgs, T. Skantz. 2006

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Auditor Independence and Audit Quality (2015, background): “Ghosh and Moon (2005) find that longer tenure is associated with better earnings quality as perceived by equity market investors, which is reflected in larger ERCs.”
Audit and non-audit fees and capital market perceptions of auditor independence (2009, background): “Higgs and Skantz (2006) examine whether earnings quality is associated with engagement profitability.”
Audited Financial Reporting and Voluntary Disclosure as Complements: A Test of the Confirmation Hypothesis (2012, unknown): “13 See Caramanis and Lennox (2008) and Higgs and Skantz (2006).”
Audit Market Concentration, Audit Fees, and Audit Quality: Evidence from China (2016, background): “Consistently, higher audit fees are found to be associated with lower discretionary accruals (Larcker and Richardson 2004), higher earnings quality (Higgs and Skantz 2006), and better accruals quality (Srinidhi and Gul 2007).”
Do Abnormally High Audit Fees Impair Audit Quality (2010, unknown): “5 In contrast, Higgs and Skantz (2006) argue that abnormally high fees can represent a firm’s intention to signal high earnings quality by purchasing more audit services than expected.”