We investigate the extent to which a client's innovative effort affects the level of audit effort and whether the … innovative-effort efficiency can attenuate the demand for greater audit effort associated with a client's risky research …-and-development (R&D) investments. We find that a client firm's strategic emphasis on corporate innovations may require greater audit …

associated with audit fees and going-concern opinions. Using patent-based metrics to measure the features of innovation, we find … that the complexity of corporate innovation is positively associated with audit fees. Firms with higher innovation … efficiency (more aged patent portfolio) are associated with lower (higher) audit fees. Furthermore, firms with higher innovation …

Prior research documents positive effects of PCAOB oversight on reporting and audit quality. However, to gain a clear … oversight and firm innovation. Collectively, our findings highlight a trade-off between improved audit quality and real costs of …

, whether and where forensic services offer an improvement for the accounting firm and/or the client. In this paper we show how … improvements both for audit firms and the customers of forensic services due to the specific competence of the auditor compared to …