withdrawals affect managers’ reporting reputation, relative to earnings revisions and nondisclosure. While managers face immediate … long run when guidance updates resume. In contrast, reporting reputation does not improve for managers who revise forecasts … disclosing what they do know when building a reporting reputation …

To effectively manage audit risk, auditors must anticipate potential litigation and reputation consequences associated … the effect that news articles about the litigation would have on their reputation with the general public. Similar to our … litigation results, auditors overestimated the negative impact the news articles have on both their own reputation and the …

To effectively manage audit risk, auditors must correctly predict the potential litigation and reputation consequences … correctly anticipate these litigation and reputation outcomes. We provide manager- and partner-level auditors with case facts … reputation with the general public. Similar to our litigation results, we find that auditors tend to overestimate the article …