Calderon, Thomas G.; Wang, Li; Klenotic, Thomas - In: Managerial Auditing Journal 27 (2012) July, pp. 693-708
Purpose – The authors posit that audit fees are driven by historical risk factors and risk encountered in the current period. The purpose of this paper is to focus on historical risk by examining the incremental effect of material weakness in internal control (MW) identified in prior periods...
