This paper responds to recent questions posed by PCAOB regarding how to more effectively utilize fraud risk assessments in the audit process. It examines the effects of explicitly integrating fraud risk assessments into auditors' judgments of the risk of material misstatement (RMM)....

This paper introduces internal control quality to study litigation risk which enrich the literature of how to reduce firms' litigation risk. This paper use listed company data from 2000-2015 in China A-share market to research how firms' internal control affect litigation risk, and which kind of...

Using a sample of public firm FCPA violations, we investigate how auditors respond to FCPA risk. We find that audit fees are higher for FCPA violators beginning in the violation period with an additional increase during the period in which regulatory investigations occur. Fees exhibit a greater...