Initial Evidence on the Association between Nonaudit Fees and Restated Financial Statements

By K. Raghunandan, W. J. Read, Scott Whisenant. 2003

175 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/c4400d3c6cf3b645f5f448434558d333671ba48d

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Citations in the corpus

Do Financial Restatements Lead to Auditor Changes (2013, background): “We posit that a restatement destabilizes the relationship between external auditors and their clients because shareholders view a restatement, at least in part, as an audit failure (Liu et al. 2009; Raghunandan et al. 2003; Turner 1999).”
Audit quality, debt financing, and earnings management: Evidence from Jordan (2017, background): “Likewise, Raghunandan, Read, and Whisenant (2003) found no evidence supporting that NAF unsuitably affected the financial statement audit, which was afterwards restated.”
Does a Lack of Choice Lead to Lower Quality?: Evidence from Auditor Competition and Client Restatements (2013, unknown): “…to 1 if the firm operates in a high litigation-risk industry because prior studies indicate that litigation is linked to restatements (Fuerman 1997; Raghunandan et al. 2003).15 We include indicator variables for firms’ involvement in MERGER or restructuring activity (RESTRUCT) because these…”
Do Abnormally High Audit Fees Impair Audit Quality (2010, unknown): “2003; Chung and Kallapur 2003; Larcker and Richardson 2004), restatements of financial statements (e.g., Kinney et al. 2004; Raghunandan et al. 2003), the propensity to issue going-concern opinions (e.”
Nonaudit Services and Earnings Conservatism: Is Auditor Independence Impaired?* (2006, background): “It has expressed its desire to stop this practice ( Pitt 2002 ).”
Auditor fees and audit quality (2007, background): “First, the argument that non-audit fees may impair audit quality can, by extension, be applied to all fees received by the auditor (Raghunandan et al., 2003).”