Guha, Brishti - East Asian Bureau of Economic Research (EABER) - 2005
consortia. Interestingly, we find that mandatory disclosure of audit fees could guarantee honest behavior, in equilibrium, for … that audit fees lie in a range which removes incentives to cheat for the auditor and his clients. Such disclosure would … need to be backed by heavy penalties for false disclosure. We also find that while firm-hired intermediaries have a non …