Fafatas, Stephan A. - In: Managerial Auditing Journal 25 (2010) July, pp. 639-658
Purpose – The purpose of this paper is to examine the effects of audit failure on Big 4 audit firm monitoring activities. The paper analyzes changes in discretionary accruals (DAs) among clients of firms implicated in audit failure events and examines whether these DAs decline in the period...