Callen, Jeffrey L.; Fang, Xiaohua - In: Journal of business ethics : JBE 164 (2020) 1, pp. 151-173
This study investigates whether local gambling norms are associated with audit pricing. Using a religion-based measure … of local social gambling norms, we find strong evidence that public firms located in U.S. counties with more liberal … gambling norms exhibit higher levels of audit fees. This result is consistent with our view that, as an important external risk …