This study investigates the impact of the COB’s mandated public disclosure of audit fees on subsequent period audit … pricing. Our theoretical model predicts that the public disclosure of fees will lead to greater precision and reduced … dispersion (less variance) in subsequent period fees. Using the new fee disclosures in the first two disclosure years (2002 and …

The forecasting literature has identified three important and broad issues: the predictive content is unstable over … forecasting variables before use. We thus cut-out the low frequency components and show, in simulations and on financial data …