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We examine whether the public disclosure of a client cyber-breach hurts the reputation of the local engagement office … hurt the auditor’s reputation and bargaining position vis-à-vis other clients. By contrast, in a client cyberbreach the …
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Using a variance decomposition approach, we examine the importance of accounting information - in particular the cash flow and accruals components of earnings - in explaining the variation in UK company stock returns. We extend prior research by analysing whether auditor quality moderates the...
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